Rosenberg on Jobs Data

Gluskin-Sheff's Rosenberg has a Ripley's Believe It Or Not moment with generally unreliable Household Survey jobs data. But it seems that the retail sector is providing 423,000 part time jobs to the equivalent of the entire electronics and appliance store payroll. That's a lot of hopes and dreams.

Santa is going to be very busy before the US goes off the fiscal cliff otherwise there will be bleeding and gnashing of teeth and rending of garments.

Spend em while you got em folks. Goldman thinks you're probably fucked in 2013.