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Let’s assume… Zero?
It has been a modestly interesting week as we had a flurry of central bank meetings, a jobs report, a clearly erroneous CPI figure, and some other stuff. Let’s start with CPI. At my business school, we used the case study method, and when you were given a bunch, but not all the information you needed, sometimes you would have to make assumptions. For example, they might show you the company revenues for 11 out of 12 months and you had to make an assumption for the missing month in order to estimate a year-end income statement and balance sheet. If your change in revenues over the past 11 months were +0.3% +0.3% ... (full story)
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New York Federal Reserve President John Williams said Friday that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower than it otherwise would have been. “There were some special factors of practical factors that really are related to the fact that they weren’t able to collect date in October and not in the ...
The only reason our Unemployment ticked up to 4.5% is because we are reducing the Government Workforce by numbers that have never been seen before. 100% OF OUR NEW JOBS ARE IN THE PRIVATE SECTOR! I could reduce Unemployment to 2% overnight by just hiring people into the Federal Government, even though those Jobs are not necessary. I wish the Fake News would report the 4.5% correctly. What I am doing is the only way to, MAKE AMERICA GREAT AGAIN!
This week’s two critical reports on the labor market and inflation started setting the stage for the next Fed rate reduction, with their headlines of ebbing employment growth, rising joblessness, and slowing price changes. However, beyond the headlines, questions concerning data quality and other results argued for a more cautious policy approach to begin ...
