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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (560)	9/4/2003 10:47:13 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

US jobs report and productivity again, no investigation of the numbers beyond headlines GDP includes tons of hedonic multiplier adjustments to IT spending Q2 productivity reported as up 6.8%, revised from 5.7% week of Aug 30: jobless claims of 413,000 revised from 398,000 so the electrical power outages indeed might have influenced low figure 4-wk moving average is 401,500 which is still huge it increased 4,250 in the week continuing claims up 24,000 to 3.6 million the notion continued to be trumpeted that increased productivity will increase expected future profits there is no such evidence of that effect since 1997 the beneficiary is consumers, with lower price meanwhile, a Goldman Sachs economist is indicted for insider trading this is the byline for US economists incredibly shallow, or else corrupt / jim