[lbo-talk] good news! more job declines coming!!

[mike larkin]

--- Doug Henwood <dhenwood at panix.com> wrote:
> Haven't seen this sort of thing in a while, but
> here's the lead of 
> Wrightson ICAP's preview of Friday's US employment
> report (Wrightson 
> is a research boutique specializing in the credit
> markets):
> 
> >The monthly employment reports have consistently
> been a source of 
> >good news for the credit markets this year, and
> there is no reason 
> >to expect the headline numbers to be anything but
> bond friendly 

So the bond market does have something in common with
the left.
> >again this month. We share the consensus forecast
> of a 25K decline 
> >in payrolls and a 0.1% increase in the unemployment
> rate.
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>
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