Dollar Increases as Jobs Report Suggests Strength in Economy

WELL WELL WELL,.........

What a bunch of contrived crap, the USD gains on news of one of the lowest Non Farm Payroll numbers ever. All because the bean counters at some Government Office decided it would be a good idea to revise the numbers over the last year. Read the small excerpt from Bloomberg below

"The report also showed job growth during the 12 months ended in March may have been about 45 percent higher than previously reported. In a preliminary estimate, the Labor Department said payrolls for the 12 months ended in March 2006 will be revised higher by 810,000, the biggest revision since the Labor Department started benchmarking numbers in 1991."

Now, What gets me is this.........Every time a report comes out these "magicians" seem to find extra this and extra that.
Does it not strike you funny that this is the biggest revision since they started benchmarking these numbers, and oh ya, the Mid-Term Elections are now 5 weeks away?

Not to mention the fact that the Unemployment Rate Magically dropped to 4.6%.
How do you get 4.6% when the number that came out today for Non Farm was a dismal 51,000?
What they are saying is that although we created practically no jobs last month we found a few extra 800,000 lying around so the unemployment rate actually went down.

F'in Liars.......every one of them.
Now read below this next excerpt from Bloomberg and you'll be able to tell that they (Government) are just spinning shite so they get good election results.

" More than three times as many chief executive officers expect business to worsen in the next six months than to improve, according to a survey by the Business Council issued yesterday. Most CEOs expect the pace of hiring to decline or remain stable as their focus shifts to cutting costs, the survey found. The Business Council is an invitation-only group of CEOs from Fortune 500 companies."

The picture for the USD in the coming year is Dismal at best. Anyone thinking the Fed is going to raise rates again is just not thinking.