Non Farm Payrolls Was Actually Negative

Discussion in 'Wall St. News' started by THE-BEAKER, Mar 16, 2007.

  1. Included in the employment count was a make-believe 118,000 jobs that were supposedly created by newly formed companies.

    THIS IS A BIG ASSUMPTION IN LIGHT OF THE SUB PRIME CONCERNS AT THE MOMENT.

    There must have been a cartload of small companies gone under on the back of the subprime problem and the BLS is factoring in job gains. It defies common sense.

    http://www.nypost.com/seven/0313200...roves_economys_weak_business_john_crudele.htm
     
  2. Welcome to the world of hedonic adjustments. It is pseudo-scientific bullsh*t, based on flawed assumptions, lacking in any coherent logic or rigor. It makes as much sense as using the Black-Scholes model to trade a currency devaluation situation or a stock which is a current takeover candidate.
     
  3. Are we talking about the payroll report or global warming?
     
  4. maxpi

    maxpi

    LOL, you beat me to it :D
     
  5. S2007S

    S2007S

    those numbers are a joke....Its not even close to an accurate reading.
     
  6. You bears are forgetting (or conveniently ignoring) all those laid off machinists, mortgage brokers, realtors and IT workers that are now self-employed eBayers whom Kudlow has termed "the greatest story never told."

    Damnit, Kudlow is right. Open your eyes!!!!

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