Monday, October 09, 2006

Interesting posts

The larger-than-normal expected benchmark revision of the Non-Farming Payrolls produced heavy discussions. Barry Ritholtz thinks the revision is absurd in An Absurdly Large Outlier in the History of BLS Revisions and Absurdly Large BLS Revisions, part II, while Felix Salmon from RGE Monitor says Payrolls: "Essentially unchanged" and The Skeptical Speculator deems that Rate cut hopes fall with unemployment.

It's worth reading the Commentary: Emerging markets drive forex reserves and see why the dollar is still strong.

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