Monday, July 11, 2011

Dick Bove on the BS in the BLS Jobs Numbers

Analyst Dick Bove sets things straight, about the panic over the recent jobs numbers---given that 358,000 real jobs were disappeared via seasonal adjustment. Bove writes:
From: Richard Bove
Date: Sat, 9 Jul 2011
Subject: Dick Bove’s Notes: Labor Numbers II

I repeat the markets are not viewing the labor numbers correctly.

Richard X. Bove
and wrote even earlier:

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