[lbo-talk] Wall Street "thinking"

[Doug Henwood]

Wall Street's favorite economist, Ed Hyman, who makes millions a year 
pumping out mediocre punditry and managing other people's money, 
wrote in today's daily report: "Judging by employment in Canada, the 
'US jobless recovery' story may be an exaggeration. Canadian 
employment in Dec was up the US equivalent of 530,000..."

Actually, the US equivalent would have been 443,000, but how about 
that for reasoning - the U.S. story may be an exaggeration because 
things are different in Canada. Wouldn't that really suggest that 
something unusual is happening in the U.S., given the other 
similarities between the two countries?

Doug