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

To: Chispas who wrote (7074)	2/6/2004 3:43:42 PM
From: Chispas	Read Replies (1) \| Respond to of 110194

"10.9% Unemployment!" by George Ure Let's see if we follow the the Whopper, shall we? If you believe the administration, there were 112,000 new jobs created in January. Now, this is pretty interesting because a lot of spoon-feeders (pseudo-economists) didn't even question the rise in construction jobs when the weather was some of the worst in recent memory - and the retail jobs increase looked suspicious because there was virtually no hiring at Christmas. The "cleansed" version of the story is being found on places like: ap.tbo.com. But hole on a minute. Without even commenting on Democrats pointing out that 90,000 people per week are falling off the government's nose count, let's look at the OFFICIAL numbers contained in the Alternative Measures of Unemployment table at bls.gov which shows that unemployment this year is 10.9% - statistically a dead heat with last January's 11% reading. Within margins of error. Want a simple prediction? Look for the BLS to come under heavy-handed pressure from the Bushocrats who obviusly don't want numbers like this 10.9% measurement getting out to the public. How do they fix it? A couple of ways: 1) Don't be surprised if we don't see some personnel changes at BLS and 2) don't be resurprised if between now and election day we don't see somne sudden "revisions" of the "alternatrive measures" table to spruce up the numbers so they will look a little prettier than the crap coming in now. Of course that won't change anything, and worse, Kerry is just another Yale secret club crony wrapped up in new marketing gear, but regardless of who leads in the polls, the BLS numbers are pointing at the emperor's clothing...