Stubborn Stubborn People, from George Zachar
The first two bearish economists I've seen said this morning's data "only look strong," and that the deeply obscure metrics (one of the diffusion indicies, for instance) tell a tale of ongoing weakness.
Yeah, a lot of this was unwinding the big miss on Government payrolls last month, but given the amazing noise generated by the August market debacle, it's telling that more than half a million folks chose to enter the workforce in September, and 463,000 of them got jobs.