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

To: Knighty Tin who wrote (29482)	5/6/2005 8:58:17 AM
From: redfish	Read Replies (1) \| Respond to of 116555

Yeah but it gets the talking heads chatting up rate hikes again which suits my purposes: WASHINGTON (MarketWatch) -- The surprisingly strong April job report should ease concern that the soft-patch the economy hit in market would turn into a prolonged downturn, said Michael Gregory, economist at Nesbitt Burns in Toronto. The data "casts some doubt as to whether the soft-patch would be as big a deal as some people thought," he said. The Fed should remain on a gradual rate patch for most of the year, with the Fed funds rate hitting 4.0% by year-end. Financial markets had lowered their year-end Fed funds forecast to 3.75% given the weak economic data in March. "With today's number and the spending that will go along with it, I think a lot of people may ratchet their forecast back up to 4.0% again," he said. Amazing what these guys can deduce from a more or less random number, Sherlock Holmes got nothin' on them.

To: Knighty Tin who wrote (29482)	5/6/2005 10:41:47 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

why not plain accept it that all BLS reports are actually incorrect and geared to meet political means and WS desire for volatility to make money for themselves. IMHO the birth / death ratio direction is leaked well in advance (as are the Michigan #) to the interested parties. More so the rumor mills do just that - to confuse as many people as they can. As an example, CNBC Europe were trumpeting again and again a rumor of 135,000 = well below the 190,000 consensus. Why - to serves their masters and make more money form soft dollar in advertising