[IP] Roach on jobs "struggling as never before"
Begin forwarded message:
From: Barry Ritholtz <ritholtz@xxxxxxxxxxxxx>
Date: January 9, 2006 10:44:30 AM EST
To: dave@xxxxxxxxxx
Subject: Re: [IP] Roach on jobs "struggling as never before"
Hey Dave,
It s not just jobs, but pretty much every data point coming out of
BLS and BEA. The headlines all look pretty decent, but that is belied
by the data beneath. I discussed this extensively last year on
RealMoney (Subscription only).
The two columns have been moved to the free site:
The Unpleasant Truth About Inflation
10/23/2005 10:27 AM EDT
http://www.thestreet.com/_tscs/comment/barryritholtz/10248963.html
Rethinking the 'Strong Jobs Recovery' Scenario
12/21/2005 7:09 AM EST
http://www.thestreet.com/_tscs/markets/economics/10258387.html
Regards,
Barry L. Ritholtz
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Big Picture: Macro perspectives on the Capital Markets, Economy,
and Geopolitics
(with a dash of music and film thrown in!)
http://bigpicture.typepad.com/comments
On Jan 9, 2006, at 9:55 AM, David Farber wrote:
Begin forwarded message:
From: Peter Jones <peter@xxxxxxxxxxxxxxxxxxxx>
Date: January 9, 2006 9:52:55 AM EST
To: dave@xxxxxxxxxx
Subject: Roach on jobs "struggling as never before"
Reply-To: peter@xxxxxxxxxxxxxxxxxxxx
Dave - For IP, if you like. Stephen Roach's Morgan Stanley column,
always worth reading to start your week on a cheerful note, for today:
http://www.morganstanley.com/GEFdata/digests/20060109-mon.html
America’s once mighty job machine is struggling as never before.
The combination of subpar job creation and real wage stagnation
puts extraordinary pressure on the income-generating capacity of
the world’s most aggressive consumer. Of course, you’d never know
that from the spin that followed the release of the latest monthly
labor market surveys of the US Bureau of Labor Statistics. From
Washington to Wall Street, the verdict was nearly unanimous -- all
is fine on the US labor market front. Nothing could be further
from the truth.
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