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


To: mishedlo who wrote (2669)3/22/2004 2:55:25 PM
From: yard_man  Respond to of 116555
 
>>[As the economy picks up - LMAO - it is about to head into the gutter - if 9% gdp does not bring jobs what will? - mish]<<

give the guy a break --- how long would he have his job, if he told the truth??



To: mishedlo who wrote (2669)3/22/2004 3:00:32 PM
From: Jim Willie CB  Respond to of 116555
 
nice editorial comments, but seriously...
where was any 9% GDP growth?
Q3 was yr-over-yr 3.5%
hedonics, chain weight, annualization made it 2% sequentially

as long as CPI is held low, the bond bubble expands further
well, not quite
as long as Asian credit masters allow it, feed it, and keep its anvil dangerously poised over their own testicles

the jobs issue is the only one Fed boys can point to
I point to both jobs and Asian willingness to supply credit
you focus on the domestic factor
I focus on both the domestic and the external factor
the domestic one cannot be controlled
the external one can only be controlled temporarily
SOON it will give way
(I had to put that in, just to jag ya)

productivity is tied to layoffs, as we the enlightened comprehend

liars or fools?
both, since they are bank politicians
unelected, unaccountable, and certainly use language and rule over concepts that not 3% of Americans comprehend or can adequately argue

/ jim