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Ids 3/5/04


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From the BLS summary

 

" Total employment was down in February to 138.3 million, and the employment-

population ratio--the proportion of the population age 16 and older with jobs--

declined to 62.2 percent. The ratio was at or near that level for most of

2003. Over the month, the civilian labor force decreased by 392,000 to 146.5

million, and the labor force participation rate fell to 65.9 percent. (See

table A-1.)"

 

Like a Twilight Zone episode "No Change"

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Stupid SOB Krudlow retreating ot the analytically dishonest ground that the headline unemployment figure is still "only 5.6%."

 

Morgan Stanley economist is saying he's going to have to reconsider his GDP target for the year.

 

U-G-L-Y

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Doesn't the long-lost PPI get released finally today? Anyone know what time?

Jimi,

 

BLS says they're still working on it.

 

Man, can you imagine how bad that one looks.

 

When can they ever release it? SPX 400?

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:lol: :lol: Trading bonds now is no different than trading TASR...Some of the swings are incredible....3.876 ! wow..the bond bellies pits are going nuts..

 

Didn't Leeson and the G Strap 7 drone on about taking the volatility out of currencies and bringing stability to the financial markets ?

 

Ag

Yeah, with 6000 HedgeHogs gunning every single piece of paper with 10:1 leverage, what do you expect?

 

I imagine that the fire alarms are now sounding inside the 700-story JPM/One Derivative Tower.

 

Can you imagine the blowups occurring in the OTC Derivative markets.

 

Probably a bunch of blank screens.

 

No bids, no asks....

 

Mass confusion.......

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Doesn't the long-lost PPI get released finally today?  Anyone know what time?

Jimi,

 

BLS says they're still working on it.

 

Man, can you imagine how bad that one looks.

 

When can they ever release it? SPX 400?

Let's see...

 

When an economy 1) Fails to produce jobs and 2) Generates lots of inflation, it is...

 

Bad.

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