Friday, August 7, 2009

US employment figures: Jack Crooks of Black Swan Capital said it best this morning

Here's the link (good free daily letter, by the way. Sign yourself up) and here's the quote (that was written before the number hit, btw):
I ask now: will the jobs report really tell us anything? I mean, will it tell us anything besides the fact that fewer jobs were lost this month than last month? It’s like telling a car accident victim before the paramedics arrive that he lost less blood this last minute than he did the previous minute.