The latest rosy national jobs picture is a "paint-by-numbers delusion" that hides a brutal erosion in the nation's employment picture, according to David Stockman, U.S. budget chief in the Reagan White House.
Stockman, not one to sugarcoat the failings of Washington, D.C. — or of the Federal Reserve in particular — said the delighted squeals of the "bubblevision commentariat" (his characterization of traditional financial TV coverage) about the October employment report were bogus.
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HEH! :)
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