Friday, September 03, 2004


The jobs report is due out today. NPR said a gain of 150 thousand. We should, however, wait two weeks before saying anything substantial -- the last two reports favored very good gains only to be revised downward depicting anemic growth at best. Of course, the spin of a growing economy already pressed itself in the consciousness of the media and the public. Revisions, corrections, truth is so boring.

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