UK productivity falls as the economy continues to lag. US consumer comfort declines. Employment drops to 4.2. The BLS might have manipulated the wages to make it look a lot better than it really is. September jobs were a disaster in the hospitality area. Pension problems are hitting many cities. The Toronto housing market is falling apart. Did the Fischer step down because he knew inflation was coming.
This post has been ranked within the top 80 most undervalued posts in the second half of Oct 06. We estimate that this post is undervalued by $11.81 as compared to a scenario in which every voter had an equal say.
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That was a horrid jobs report!