Monday, November 28, 2011
Where would Wall Street be without Bureau of Labor Statistics?
Lucky it was Department Of Commerce with it's Census Bureau, rather than the Department of Labor that Republican presidential candidate Rick Perry suggested eliminating. The Census is important, but without that constant stream of numbers flowing from the Bureau Of Labor Statistics, those friends of Republicans, who reside on Wall Street would be lost. Employment data, cost of living analysis and other barometers to the economy seem to give the stock market it's bearing. Is it good news or bad news? Should stocks go up or down? Without these figures, they might have to resort to using roulette wheels. Come to think about it, they might as well be using roulette wheels. Is it killing the goose that lays the golden egg?