Jump to content

a macro straw in the wind?


Recommended Posts

<<First, the "jobless recovery." This has become the most common and perceived wisdom on earth. I question it, because, as my friend Michael Cembalist points out in his vital Eye on the Markets publication that I get as a client of JP Morgan, "the gap between manufacturing orders (high) and inventories (low) a predictor of goods/labor is at its highest level since 1975." Given that scenario, I cannot continue to believe that employment will stay low. That inventory differential is remarkable, just remarkable, and I cannot risk denying it. You have to incorporate the supply and demand in your thinking. It could lead to monster GDP growth and very big hiring.>>


i'm not going to say where this came from cause the messenger is a well known knuckle-head market commentator. but he's only quoting someone else, who may or may not be a knuckle-head. in any case this is the sort of data i wish i could see for myself, as a counterpoint to the pessimistic stuff i read at sites like pimco, where there is no doubt about the credentials of the principle analysts.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...