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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (196)	2/18/2004 3:59:52 PM
From: mishedlo	Respond to of 116555

Job Creation Math John Crudele, writing in the NY Post, is one of those bright guys who know, by dint of unassailable proof, that the government is a lying bunch of weasels (LBOW), and has cast his jaundiced eye at the latest report of job creation. "By now my readers should have a PHD (pretty high disdain) for Capitol Hill math. This one, though, is a cake taker. I'll translate: Included in the 112,000 new jobs in January were 76,000 jobs that supposedly exist because people who weren't hired in December couldn't be fired in January. Got that? They didn't get hired in December, or fired in January, so they showed up as new employees in January as a statistical fluke. The above snip from the mogambo guru dailyreckoning.com