Non Farm Payrolls Was Actually Negative

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

 

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.

 

Are we talking about the payroll report or global warming?

 

LOL, you beat me to it

 

those numbers are a joke....Its not even close to an accurate reading.

 

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!!!!