drieuxster (drieuxster) wrote,
drieuxster
drieuxster

More Reasons To Bomb Canada!!! - ( The Interest Rates )

Hum, what would happen if...
Bonds fell again Monday as a pumped-up jobs report from Friday continued to inflict pain.

The benchmark 10-year note lost 4/32, or $1.25 on a $1,000 note, to yield 4.66 percent, up from 4.65 late Friday.

The 30-year bond slipped 4/32, or $1.25 on a $1,000 bond, to yield 4.74 percent. The five-year note declined 3/32 to yield 4.66 percent, while the two-year note fell 1/32 to yield 4.78.

On Friday, the Labor Department said employers added 167,000 jobs in December, up from an upwardly revised 154,000 in November. Economists polled by Briefing.com had forecast a rise of 100,000 in December.

[ cf Jobs still weigh on bonds ]
Wow....

What is it with this Mythos that 167,000 new jobs is really going to be putting the pressure on??? That is basically covering the new kids out there... Meanwhile we have that other funny:
The biggest problem with job growth right now isn't too few new jobs. It's too few skilled workers.

The Labor Department's December employment report Friday showed stronger than expected job and wage growth, with a net gain of 167,000 jobs in the month, and average hourly wages up 4.2 percent from a year ago. But even in this report, the pace of job gains was showing signs of slowing down.

The fourth quarter gain was below the third quarter and 2006 saw 143,000 fewer jobs added to payrolls than in 2005, or almost a month's worth of hiring. And that's a comparison to a year in which hurricanes Katrina and Rita took a bite out of jobs.

In addition, one survey earlier in the week from employment service ADP released Wednesday showed U.S. private sector employment shrank in December, the first decline in 3-1/2 years.

[ Skilled worker shortage hurts U.S. ]
Which is the way of things here, really???

Ok, so let me get this straight... the Private Sector Skilled Labor Pool is having problems, but the numbers are suppose to be "up" - which would mean that we have more bloat in the Non-Private Sector UnSkilled Jobs....

And this means that we should be uh, what again????

Oh yes, now I remember, Bombing Canada, because the Upside of the Bond Market, which the Evil Defeatists Kapitulationist Cut And Runner Pimco was Evilly Saying,
The Federal Reserve is likely to slash benchmark interest rates by up to one percentage point in 2007 as U.S. economic growth is stung by weakness in the housing market, Bill Gross, chief investment officer of PIMCO, said Monday.

But speaking to the Reuters Investment Summit in New York, Gross said the statement to be issued at Tuesday's Federal Open Market Committee meeting likely will be almost identical the most recent versions, with a focus on inflation risks.

"If the statement stays the same (on Tuesday), that puts my forecast back a month or six weeks" in terms of the potential start of a rate-cutting cycle, Gross said via a conference call from Pacific Investment Management Co.'s Newport Beach, California, headquarters.

[ cf PIMCO's Gross: Rate cuts coming ]
OH MIEN GOTT IM HIMMEL!!!!

If the fed allows the drift down, then the Evil Demonic Ferrign Devil Types Overseas may continue their FLIGHT from the American, God Given, One True And ONLY, Dollar into HEATHENIST Currencies, will, uh, lead to a repositioning of what Other Countries we will have to keep on bombing to keep them understanding that Our Currency is Backed By Nuclear Weapons and Our Willingness To Nuke Anyone WHO Opposes the Argument From Intelligent Design and the Clear and Compelling Mandate that Our Dollar is the Best Dollar EVER!!!!

Hey kids, if the Dollar is now at 1.30 to the Euro and Rising, and it had been below 1.20, this is known as what sort of relationship between the Dollar And Euro!!!!

IF you said, CLEAR AND COMPELLING PROOF THAT WE MUST BOMB CANADA!!! You should submit your resume to the current administration, as you may be the next Kommisariate Of State Security For Currency Mangement!
Tags: bomb_canada
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