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Saft Says: Bad jobs number will not spur QE3

Friday, May 04, 2012 - 02:04

May 4 - Reuters Columnist James Saft says as bad as the April jobs number was it's not going to be enough to get the Fed to act on QE3.

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Nonfarm payrolls today it was a disappointing number it would see -- flashing amber. Shocking number and for a reason I don't. Know agreement and -- And ran on the at least not yet. Point 3151000. Well. No need not even enough job he. Wrote the population. -- not. Depressing. Labor force participation rate. The lowest since 1981. And and we can't. Out of that we're dealing. In fact we had. Force participation rate and -- and this can we be looking down and not where it is now it is eleven. So depressing. It's a lot. The state economy that we didn't already -- I am I this is more are seen in recent I don't think my -- Is enough to make it oh. And different situation. An election year you're going to be criticized no matter what you and I think they would be war either random it's more shocking and or really bad number next -- To -- Possible. I don't know if we should expect it. British reason you Unix. The market to be -- leasing markets. Today. It's not panic like a nation is there is an important. -- know there are. Being a bit more drugs are gonna come -- things get a lot worse she's. She's on. He can actually shot. So. Korean don't look for the markets to make much progress. And let's wait and see what happens in the next two months.

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Saft Says: Bad jobs number will not spur QE3

Friday, May 04, 2012 - 02:04