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by exceptione
314 days ago
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> the previous jobs reports was revised DOWNWARD by over a quarter of a million jobs. I will try to be not too snarky, but imagine what would happen if the president announces tariffs every other day then changing it on the next, creating extreme volatility and uncertainty for investors. Imagine what would happen if the president threatens allies with war of conquest. If he causes the dollar to tumble while tanking the bond markets. If he daily threatens to blow up the last public instance in the US that employs a modicum of integrity and competence. Imagine how high the pressure would have been in the past months to paint rosy pictures and suppress bad news all around. And yet people keep falling for the dumb narratives. Imagine how difficult it is to do economic projections when inflation is not recorded anymore. Instead the US public get inflation data as vibes now, as things are probably expected to develop so badly that even the corporate media rooms might not be able to downplay it enough. People might get tired hearing of Biden's age. The cluster fuck is all self-made. On purpose. |
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But her job wasn't to predict the number of jobs created, her job was to measure the number of jobs created. That is something you should be able to do more accurately than a plus-or-minus 250,000 margin of error.