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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (49843)5/12/2004 5:14:23 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
There's anecdotal indications that economic numbers are being seriously cooked in different directions. Delays in PPI. Energy numbers having lots of 'revisions'.

Of course the usual suspects of CPI and employment.

The incentive to report worse economic numbers may be something like this - as long as the employment numbers are bad, this justifys the FED keeping rates down and certain asset bubbles will keep growing. With higher employment, the bond market would push rates higher and pressure the FED to raise rates.