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

To: NOW who wrote (6011)	5/10/2004 4:16:00 PM
From: Robert Douglas	Read Replies (5) \| Respond to of 116555

why focus on jobs report anyway: it is a lagging indicator. the market is not. The market is pricing in several rate increases by the end of the year which means the market believes the strong jobs reports will continue. Do you disagree with what the market is saying?

To: NOW who wrote (6011)	5/10/2004 4:29:32 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

my focus is on the wages as in a highly leverage economy that what matters IMHO - how you pay down debt. Unfortunate the personal debt burden rose in March even with the rosy employment report that is why I question the employment statistics accuracy. IMHO to declare a recovery v. stabilization in the US you need around 200,000 new jobs each month and a rise of total wages about 1% above inflation due to population growth. In Europe for example there is no need for substantial job growth as the population there is stable to shrinking to declare recovery, nor are the consumers as leveraged as they are in the US