December 2006 US employment data: An information of mass deception, hiding a strong decrease of US employment
"When the wise man points to the moon, the fool sees the finger" (Lao Tse)
Major financial medias and operators have made their headlines last Friday with the "unexpected strong US non farm employment data for December 2006" (+167,000). Based upon this 'factual data', the same players immediately swept the markets with the key 'conclusion' they have been desperately clinging to for months now: the US economy is indeed showing resilience and the 'soft landing scenario' is definitely taking place. Fair enough? Or is it another example of Lao Tse's proverb?
No comments:
Post a Comment