More on the jobs number.

The spin machine is in full swing. The Obama administration plans to unveil a new jobs plan next week.  Expect some Rooseveltian New Deal (1933) chatter, with a dollop of Lyndon Johnson’s Great Society (1965),  and sprinklings of the Japanese experiments of the last 2 decades. Tomorrow’s number is probably really bad! And the government is allocating resources yet again.

Remember there is the news and then there is the market reaction to the news.  The latter is what tells you about market expectations before the news announcement. And then there is my expectation!

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