Edited by redfoliage2, 06 April 2007 - 07:43 AM.
The Hot Job Data Dim the Hope for a Rate Cut
#1
Posted 06 April 2007 - 07:42 AM
#2
Posted 06 April 2007 - 07:49 AM
#3
Posted 06 April 2007 - 07:54 AM
It seems that market has no "other concerns" recently, but concentrated on the hope that the Fed may cut the rate soon. That's the only understandable reason for the recent rally. This job data may make the Fed more worried about the inflation since the recent PPI and CPI already higher than expected. However, if market wants to rally on this job data it can still go higher Monday.imo market was looking for strong data to offset other concerns..as long as jobs are there the going will be good/supported
nice
Edited by redfoliage2, 06 April 2007 - 08:00 AM.
#4
Posted 06 April 2007 - 08:19 AM
#5
Posted 06 April 2007 - 08:39 AM
The job data is useless, the numbers are random like many gov't numbers, it will be revised up or down to fit to the markets. I don't understand why anyone should pay much attention...
the futures 'seem' to have..
Edited by n83, 06 April 2007 - 08:41 AM.
#6
Posted 06 April 2007 - 09:02 AM
But it could give the market so sort of hope on the very short term
The job data is useless, the numbers are random like many gov't numbers, it will be revised up or down to fit to the markets. I don't understand why anyone should pay much attention...
#7
Posted 06 April 2007 - 09:11 AM
128K theoretical jobs
http://www.bls.gov/web/cesbd.htm
Edited by briarberry, 06 April 2007 - 09:13 AM.
#8
Posted 06 April 2007 - 09:47 AM
a number of people are predicting a rise in unemployment, looks like they may be right as there are a lot of houses still under construction and there has been a steep fall in starts
chart
#9
Posted 06 April 2007 - 11:30 AM
The job data is useless, the numbers are random like many gov't numbers, it will be revised up or down to fit to the markets. I don't understand why anyone should pay much attention...
the futures 'seem' to have..
If the gov't reports these numbers once a quarter instead of per month and never revises them, they could be more useful. I'd rather have the data reported late, but accurate than revised all the way back to a year back!!! At least we could measure something accurate, even though a bit late, and make a forecast with it, right now any estimate is a crapshoot...
#10
Posted 06 April 2007 - 11:53 AM
http://www.bloomberg.com/news/av/
Click on Achuthan picture
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.