Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label imaginary jobs. Show all posts
Showing posts with label imaginary jobs. Show all posts
07 November 2014

Non-Farm Payrolls Report for October - Birth Death Model to the Rescue

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As you may have already heard there was a 'miss' in the new jobs added in the October Non-Farm Payrolls Report. There were some ...
02 July 2010

Note to Mish: The BLS Added About 145,897 Imaginary Jobs to the Non-Farm Payrolls Headline Number

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I like Mish Shedlock. He has intellectual integrity, and even when we occasionally disagree, as I recall over the inevitability of deflation...
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