Exactly!! Because the 2.2 million jobs created in 2004 caused the 10 year to jump from about 4.27% to about ...errr... 4.22%. Never mind.
Exactly!! Because the 2.2 million jobs created in 2004 caused the 10 year to jump from about 4.27% to about ...errr... 4.22%. Never mind.
Never mind, indeed. Those jobs gained still leave us at a deficit vs. jobs lost from the Clinton recession. And we have had several downward surprises among those monthly numbers to keep the bonds cool about the economy. Also, inflation has been nowhere, thanks in large part to the dollar. A 300,000 number this morning would change a lot of minds.