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To: mishedlo who wrote (208129)	12/5/2002 10:09:52 PM
From: who cares?	Read Replies (1) \| Respond to of 436258

Economic derivatives, a new form of hedging economic data Too funny. I guess they can't say the truth, "a new bet, for ultra degenerate gamblers, that miss the good old days of the annual Bud vs. Budlight over and under" How the hell do you gauge the impact of too good or too bad an employment number on your portfolio? There's no hedging with that, sheesh New York City needs a casino to let these guys get there fix a more normal way.

To: mishedlo who wrote (208129)	12/6/2002 6:48:19 AM
From: Earlie	Read Replies (3) \| Respond to of 436258

Mis: The U.S. employment numbers are a complete joke,.... even on Wall Street. I would be surprised if the markets played this nonsense for more than a one hour trade. The pros recognize that when folks lose their silicon Valley software engineering job and then take on a "temporary" job flipping hamburgers at Wendy's just to make ends meet, his "underemployment" doesn't show up in those nutty figures, but it does impact on an economy that depends on the (massively indebted) consumer to keep things going. I won't get into the insanity of not counting those who get so discouraged that they stop looking for a job or those who simply exhaust their unemployment benefits and fall off the list. The U.S. economy is picking up momentum to the downside at the moment, and one of the best ways for us to track this is through the lay-off notices. Incidentally M., I'm not shooting at the messenger with the above, as I know you are well aware of all this. Best, Earlie Best, Earlie