Just heard Phil Flynn saying that most traders think the employment numbers

still_one

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Fri Nov-03-06 08:27 AM
Original message

Just heard Phil Flynn saying that most traders think the employment numbers

Edited on Fri Nov-03-06 08:28 AM by still_one

will be a hot number, because there is no way a bad number will be reported just before an election

What does that tell you about the market?

This was on Bloomberg

We will find out shortly

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still_one

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Fri Nov-03-06 08:33 AM
Response to Original message

1. they results are double speak

This month the results are lower than expected, but they revised the previous month up consideribly

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liberal N proud

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Fri Nov-03-06 08:34 AM
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2. The numbers have not been factual since the Raygun years

They stopped reporting true unemployment in the 80's to make the economy look good. So you can imagine how bad it really is in America today.

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still_one

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Fri Nov-03-06 08:35 AM
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3. ain't that the truth

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KharmaTrain

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Fri Nov-03-06 08:38 AM
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4. Joe Liebermann Increaed Jobs In Conn.

387k can sure make a lot of friends, eh?

Notice how this regime uses 2003 as a benchmark as to how jobs have "grown"...totally ignoring all the losses prior to that time. Next, there's the quality of jobs...how many of these jobs pay less than a comprable position in 2001. When it comes to economists, the axiom of statistics can lie and liars use those statistics surely applies.

Are you better off today than you were 6 years ago?

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bullimiami

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Fri Nov-03-06 08:48 AM
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5. the employment numbers are a total sham anyway.

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