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B4 The Bell Fryday April 2,2004


Guest yobob1

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Well folks it is "Jobs Friday" and by the looks of things everyone on Crapvision has already taken a sip or two from the punchbowl. If I didn't know better I would be inclined to believe that everyone thinks a good jobs number is a slam dunk

Last month's "Jobs Friday" show had excellent entertainment value. No doubt today will be the same.

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If we knew what the Fed would do we would all be rich. That is the issue in the deflation/inflation debate. Both courses lead to ruin.

Good point. We can only make inferences from what we have seen and the characters involved.

 

Although Greenspan has occasionally tightened, every time when disaster lurks he resorts to lowering interest rates and/or expandig money. The post 9/11 reactions of the Fed show that monetary base can be expanded quite rapidly if necessary.

 

While the Fed can not create inflation, it can try.

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Dow Jones Massive Fraud Exposed by Stock Proctologist.

 

Investing World Says, "So What"

 

Dow Jones and Company, You are a fraud. Please sue me now so I can expose your scummy, fraudulent history for what it is in a court of law. You scum, you creeps, you bums, you con artists, you frauds.

 

<EMBED SRC="http://www.capitalstool.com/music/mad-hell.wav" HEIGHT=2 WIDTH=2 AUTOSTART=TRUE HIDDEN LOOP=FALSE>

Provocative.

 

You mean if your DJ company goes to zero you can not re-invest the funds in the new Dow stocks? :D :D :D

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=DJ DATA SNAP: US Jobs Grew At Fastest Pace In 4 Yrs In March

 

.======================================================

March Employment Report !Surprise: Yes !

March Jan !Trend: !

Payrolls +308K +46K !Recovery !

Unemployment Rate 5.7% 5.6% !Consensus: !

Hourly Earnings $15.54 $15.52 !Payrolls +120K!

======================================================

 

By Joseph Rebello and Phil McCarty

 

Of DOW JONES NEWSWIRES

 

WASHINGTON (Dow Jones)--U.S. employers hired workers at the fastest clip in four years last month, surprising Wall Street providing the brightest sign yet that the economic recovery is beginning to revive the labor market.

 

Non-farm business payrolls grew by a net 308,000 in March, faster than at any time since April of 2000., the Labor Department said Friday. The department also said job growth in January and February was 87,000 more than previously thought.

 

Still, the unemployment rate inched up a tenth of a percentage point to 5.7% as 179,000 people entered the work force in search of jobs - an indication that will take several months of consistently rapid job growth to entrench the job-market recovery. In recent months, the unemployment rate has declined mainly because people grew discouraged and stopped looking for work.

 

The growth in payrolls far exceeded Wall Street's expectations. According to an average forecast of economists surveyed by Dow Jones Newswires and Crapvision, non-farm payrolls had been expected to grow by 120,000. Economists, however, expected the unemployment rate to be steady at 5.6%. Economists had been betting since december that faster economic growth would spur employers to hire workers at a 120,000-a-month clip. They were consistently proven wrong: the average monthly job growth since August has been just 108,429. That, anal cysts say, isn't even enough to employ new entrants into the work force.

dOW jONES Newswires

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