Friday, March 7, 2008

Jobs Report

The real jobs report numbers:

Minus 111,000 value generating jobs (construction, manufacturing, business).

Plus 89,000 value consuming jobs (health care, education, government).

And the Fed will print 100 billion dollars this month.

Update (Friday afternoon): The updated figure has been raised to $200 billion for the month. Which is two years worth of war effort.

Update II (Tuesday): Make that $400 billion total.

Update III (Sunday): Mortgage securities are now exchangable for treasury bills.

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