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OT: American Politics

CH1 said:
I know.

But these revisions are of massive proportions. We’re talking about 90% off!
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True, but these are not normal times. Prelim #s guided by coefficients, then revised with payroll data. Let’s just say those coefficients are from a pre-insane period and don’t reflect that firms are in wait and see mode.
 
lecoqsportif said:
Will look for some deeper analysis to see firms stopped hiring due to uncertainty.
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If I’m not mistaken I think the private employment data diverged from the generally more robust government data the last few months… and proved to be more accurate
 
lecoqsportif said:
Oh, the tariffs are just starting to wind their way through now that pre-tariff inventories are depleting. It’s gonna get worse. So weak jobs report and inflation ticking up, Mr. Nobel in Economics created stagflation scenario out of thin air. Shareholders getting tonked because firms are taking losses, for now.

Anyway, they’ll blame the jobs report on the Fed and scream for a yuge rate cut.
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yah this is really just the beginning of the pain
 
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