how DOW?…

Posted on Friday 6 November 2009

While the monthly change [-190,000] in non-farm payroll employment is the lowest since the first of the year, the overall unemployment is up to 10.2% – not good. I have no clue if this is something that denotes a change, or just the way recovery goes. The problem with economics as a science [?] goes is that there’s some cybernetics with the numbers – the reporting of the indexes itself is a factor in what happens next.

But sometimes, one is fooled, at least at first. This morning, the papers are full of Unemployment 10.2%! yet the Dow Jones is going up, at least for now [10:15AM].

 

But not for long [10:45AM]…

Sorry, the comment form is closed at this time.