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: russwinter who wrote (11123)	4/1/2004 10:05:58 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

OK Russ, I know you have praised McCully before and so have I. In fact I said I generally agreed with him but did not agree with Gross. Sometimes it seems like these guys are on different planets. Here goes.... McCulley I have zero problems with what the Fed has been doing. The world desperately needs reflation and the Fed is reflating, openly and forcefully, with a falling dollar transmitting the reflationary impulse to the rest of the world. Bravo! That sure as H does not sound like Gross! Not even sure I would say "bravo" to be honest. I do understand the viewpoint and have been playing it big time. At any rate, I would like to hear your comments on the entire article. I am guessing McCulley dropped a couple notches in your viewpoint. pimco.com Mish

To: russwinter who wrote (11123)	4/2/2004 3:10:38 AM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 110194

Interesting that the media is low-balling the employment numbers to prepare the market for a "surprise". As some one asked in this tread who is "they" this is a great example of those feeding the media with those 100,000 to 120,000 new jobs. This number is a quite bad number as the US population grows at about 1% a year and as such to keep the percentage of workforce constant to population growth each month the US must add around 200,000 new jobs each month. BTW what is the average jobs generation for the last 6 months? or has the US population started to dwindle? On the same basis EZ population is growing very little and therefore the EZ must not generate same amount of jobs every month. What is interesting that "they" do not feed the media with those facts as it will against the interest of WS, Money Center Banks and the present US administration. As a matter of fact it is proven now that low interest rates over a long period of time do not generate new jobs and only hurt those not engaged in speculation and holding on to their savings.