Thought of the Week, written by President and Chief Executive Officer Sentinel Asset Management, Inc.: “Have the new paper clips arrived, Enid?”, 12.10.2012
If there’s one economic stat that spans the economic/political spectrum, it’s jobs. Last week’s NFPs had a headline of 146,000, way above estimates, and an unemployment rate of 7.7%, the best since December 2008 and a comfortable one point below a year ago. The post-Sandy numbers were always going to throw up mixed signals. Two weeks ago, the Fed thought that industrial production was depressed by a full point of the October data, which is around $2.8bn….