Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (10921)	3/29/2004 9:09:38 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Japan is not just confusing, it's right out of Orwell. My guess is that there is a major dispute going on about currency intervention (and money printing) between the BOJ and the MOF. It's interesting that they air this out via the financial press. I also think there is a dove-hawk split developing within the Fed as well, about inflation. It's not real clear as of today how this gets resolved, but I do sense there is a half assed shift away from ultra easy money towards just easy money. Either way there is plenty of inflation in the pipeline. These guys can carry on their "debate" (more ass covering I'd say) right through to the date above ground copper (and who knows what else) runs out in late spring, for all I care.

To: mishedlo who wrote (10921)	3/29/2004 6:56:40 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

I think my DTS wage and salaries numbers have been about as close on the job report as anything. In January yoy was down, and signaled a poor report, and bingo it was right. February's was up only 1.07%, but I felt that might translate into 100,000-125,000 jobs or so, but it apparently overstated it (unless there is now an upward revision). March is looking pretty solid, up 2.4%, so I just don't see anyway this will be a weak report. I guess if I'd have to SWAG, 150,000, maybe 170,000. If it came at much below that I'd have to say the data is badly flawed. I don't think 150-170k new jobs really does anything for the economy (it's more about the ability to borrow) nor is it anything the stock market should really celebrate. However, it may remove the very feeble "jobs only" excuse the market and the Fed has for the continuance of one percent Fed Funds rates.