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


To: Box-By-The-Riviera™ who wrote (93503)4/11/2008 8:16:32 PM
From: stomper  Respond to of 110194
 
Maybe by a few months...this thing is going to fly off a bottom sometime in the next three months though.

Damn i wish i had his hair though.



To: Box-By-The-Riviera™ who wrote (93503)4/12/2008 9:15:11 AM
From: 10K a day  Read Replies (1) | Respond to of 110194
 
> anti reset bill. <

I don't think resets can really happen ...on a large scale. They tried to fold the toxic sludge in to [i don't know the latest number] off balance sheet crap. I think where Gross is wrong is that they will actually come clean and write it down....I don't think they will ever do that. It's too painful. They are cowards.



To: Box-By-The-Riviera™ who wrote (93503)4/12/2008 10:39:16 AM
From: Giordano Bruno  Respond to of 110194
 
Morning stats from Barron's

...No better example of what we mean than one of our favorite bugaboos, the so-called birth/death model, employed by the Bureau of Labor Statistics to capture, as part of its monthly report on employment, jobs created by new businesses. Purely by coincidence, we're sure, that calculation, hypothetical rather than substantive, has been adding appreciably, with rare exceptions, to the reported monthly payroll numbers.

Such enhancements have been particularly suspect in recent months as the recessionary chill put the kibosh on job creation in the private sector. In March, for example, the official tally put the jobs-lost total at 80,000. Bad enough, especially if your job happens to be one of the 80,000. But, in fact, except for the fortuitous (or something) but plainly mythical 142,000 additions provided by the birth/death model, job losses would have swelled to 222,000. Which, at the very least, would make a much more graphic headline and induce serious palpitations among the powers-that-be...

online.barrons.com