THIS MONTH'S BIG LIE APPEARS DESIGNED TO GIVE THE FED COVER FOR NOT LOWERING RATES AS THE STREET TOUTS ARE DEMANDING:
Nonfarm employment.......p180
Construction ........p56
Manufacturing .......p-16
Retail trade....p36
Professional and business services....-7
Education and health services ..........p54
Leisure and hospitality .......p21
Government ..........p23
CONCLUSIONS:
THE "INCREASE" IN CONSTRUCTION IS AMAZING GIVEN THE HOUSING SLUMP...BUT THE SPRING FUDGE FACTOR WAS ALLOWED TO RUN AMUCK HERE...
THE INCREASE IN RETAIL IS NEW AND ODD...PERHAPS THE GARDEN CENTERS ARE HIRING BIG TIME...
EDUCATION AND HEALTH WAS OVER THE TOP...
MANUFACTURING IS BEYOND THE BIG LIE...IT'S JUST DEAD IN THE WATER.
MEANWHILE HOTELS AND AND GOVERNMENT WERE "FUDGED IN" AT HIGH BUT NOT RIDICULOUS NUMBERS...AGAIN THEY MIGHT CLAIM A SEASON FUDGE FACTOR HERE.
THE REALLY ODD PART WAS BUSINESS SERVICES...WHICH IS WHERE THE "BIG LIE" HAS BEEN CENTERED FOR MONTHS!! NOW SUDDENLY IT'S DOWN! WHERE ARE ALL THE TEMPS GOING...? MAYBE TO THE GARDEN CENTERS OR CONSTURCTION? LOL.
ALL AND ALL...A GREAT BIG LIE EFFORT! NOW NO ONE CAN ASK BERNANKE TO LOWER RATES "FOR THE WORKERS"....AND THE FED CAN CONCENTRATE ON THE REAL PROBLEM WHICH IS THE PLUNGING DOLLAR...
RATE HIKES ARE NOW "POLITICALLY CORRECT" THANKS TO OUR "BOOMING" JOBS MARKET.... THE BIG LIE CONTINUES!
