Friday, March 8, 2013

Goldman: Indicators May Be Sending 'Wrong Signal'

From CNBC’s Paul Toscano: Goldman Sachs' top economist cautioned on CNBC that major economic indicators such as Friday's better-than-expected jobs report could be sending the "wrong" signals.

"[The jobs number] certainly holds out a hope that we are shifting to a stronger pace of payroll gains, but it's a little puzzling if you compare what's going on in the job numbers with other measures of activity, such as GDP tracking," Jan Hatzius told "Squawk on the Street." "It's not stellar, with other indicators not being quite so strong."

"It either means that there is weak productivity growth or it means that one of the two sides of the coin is sending the wrong signal," Hatzius said....

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