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NOYB
 
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Default More jobless recovery


"Harry Krause" wrote in message

``The payrolls number was well below market expectations and confirms
the jobs market in the U.S. is weak,'' said Daniel Tenengauzer, vice
president for foreign exchange at Lehman Brothers


What a bunch of bull****. I did some reading on Tenengauzer. He's 35 years
old (almost the same age as me)...and Harry has already stated that that's
too young to have a meaningful opinon. Nevertheless, what I found out
about Tenengauzer is that he has a hard time separating his political bias
from his supposedly objective economic analysis.

Tenengauzer, who used to work for Goldman Sachs, was blasted by the Israeli
Ha'aretz back in May 2001 for this very thing. Another Israeli news outlet
had this to say:

"Israelis now know how to read Goldman Sachs' ratings: When Goldman Sachs
rates Israel high, it means Israel is under attack and/or *led by the left*.
When Goldman Sachs drops Israel's ratings or issues ex cathedra military
commentary by young economists (ie--Tenengauzer), it means Israel is
defending herself, or *led by the right*. "

Sound familiar?

Only a very biased (or stupid) individual can come to the conclusion that a
single-month net gain of 112,000 jobs is confirmation that the "jobs market
in the U.S. is weak". Putz.