Posted on 09/02/2009 6:46:09 AM PDT by fiscon1
The last couple days are a good example of why I believe that getting bogged down in every economic number gets people nowhere. Yesterday, the ISM index finally passed 50 which means that manufacturing is expanding. Automobile sales were up and construction spending was good. Then, this morning ADP released its August numbers for private jobs and they were worse than expected. ADP survey revealed that the private sector lost 298,000, more than the 250,000 that was expected, but less than the 367000 from July.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
Only 300,000 more lost jobs? Wow that Obama plan is really great! This is better than I expected. I gotta go buy some stock QUICK!
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