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To: Gabriel008 who wrote (24196)12/4/1997 1:57:00 PM
From: Lee  Respond to of 176388
 
Gabriel,
Thanks for the link to the briefing.com report. It's very thorough and informative. Reuters is looking for 201k new jobs and a blip up in rate to 4.8%, but in the last 2-3 weeks, the weekly jobless claims have surprised to the downside. Last week, they were down 16k, and this week down 3k when all were looking for an increase. Furthermore, seasonal hiring, although accounted for in the seasonal adjustments, might turn out to be a positive surprise. Everywhere, we see help wanted signs and hear about the problems of retailers hiring seasonal help. This doesn't even begin to address the problems tech companies are having. A much stronger than anticipated number has in the past tanked the bond market, e.g. Aug. numbers.

Worse than strong jobs numbers, everyday we get more info out of Japan about downgrades and failing banks. I know the Japanese government is wealthy but how long do you think this can continue before they start cashing in some treasuries to help with this growing bailout?

Again, our stock market has remained relatively healthy through a year of "historically high real rates", and the bond market and stock market have been somewhat decoupled recently, so I'm not sure about a lot of things. I was going to detail them but this isn't the place.

You might find the link below interesting.
ms.com

Lee