According to this report from Bloomberg, the BLS will revise its birth-death business model to more accurately reflect current economic realities. Their model has been seriously criticized. It assumes that as some businesses fail, they will be replaced by new businesses at a certain rate. Mish and others have been arguing for some time that [...]
|
By Jeff Harding. It was reported Thursday that Goldman Sachs changed their unemployment forecast for September to be 250,000 jobs lost versus their prior estimate of 200,000. They pointed to some of the data that I cited Wednesday in my article, Looking at the Economy Through Gray Colored Glasses. Folk, nothing that bad happened this week [...] |
|
© 2010 The Daily Capitalist - Nothing in this blog should be considered to be investment advice. The opinions expressed herein are those of the author and not necessarily those of The Daily Capitalist. All Rights Reserved. |
