The economic reporting See-Saw...

[RickM]

Comments welcome...

Monday its this: "The employment index, while it declined, remains incredibly strong," said Mark Vitner, senior economist at Wachovia Securities in Charlotte, North Carolina."
from here: http://story.news.yahoo.com/news?tmpl=story&ncid=1203&e=10&u=/nm/20040802/bs_nm/economy_manufacturing_dc&sid=95609869

Today it's this: Employment Growth Surprisingly Weak
from here: http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20040806/bs_nm/economy_dc

[widebody911]

Amazing, isn't it?

"Lies, damn lies, and statistics"

[Moneyguy1]

Yesterday's paper had two conflicting stories on the economy;l one positive and one negative.

Look....If you have had really poor performance for a period of time and finally there is improvement, it still takes time to get back to where you were, no matter what the growth rate. The growth rate can even be percentagewise the greatest in (fill in the blanks) years. But it is STILL a deficit situation.

There is still big trouble down in River City. Rather poor jobs report this month...35,000 created, 240,000 predicted.