The Journal Finally Gets It : Says US Job Market May Not Be As Strong As Reported (Naysayer alert)

New York Post Business Column ^ | 05/31/2007 | John Crudele

[gas0linealley]

What do you mean: “responsible”?

[Toddsterpatriot]

Every dollar in money supply is not a dollar issued (or printed) by the Fed.

[gas0linealley]

So what?

[Toddsterpatriot]

So they’re not responsible for every dollar in money supply.

[gas0linealley]

Who said they are?

[Toddsterpatriot]

You?

[VOA]

The Journal Finally Gets It : Says US Job Market May Not Be As Strong
As Reported (Naysayer alert)

Shall wonders ever cease?
Maybe the WSJ will admit there is noticeable inflation for regular
consumers.
(said watching the steady march up in food/beverage prices).

Not that I'm whining...2-3% inflation per annum is just normal.
I just get tired of the deceit from media/guvmint sources saying
how limp inflation is.
(And yes...I know current conditions beat the h-ll out of the
Carter years...I managed to survive that mess!)

[gcruse]

“The Journal - as well as its sister publication, Barron’s, and The New York Times - suddenly discovered that Washington’s numbers don’t jibe with figures compiled on a quarterly basis by the individual states.”

Not so. I remember reading a Barron’s fifteen or so years ago where columnist Abelson (?) was saying that it was insane for major investment decisions to be made based on government figures that were bogus, jiggered for a current administration’s purposes, and revised later when their impact has passed.

[scrabblehack]

Another thing that’s always bothered me — these surveys of employers that “plan to hire workers.” Well, anybody can answer “yes” to that one....the real question is whether they’ll actually do it or not.

[gas0linealley]

ping