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All numbers are cooked, especially unemployment. The whole argument of this article is based on leaky correlations. GDP is gamed in many ways. I'm a bit of a
by davvid 14y ago
All numbers are cooked, especially unemployment. The whole argument of this article is based on leaky correlations. GDP is gamed in many ways. I'm a bit of a skeptic.
Head squid Goldman just slashed their April NFP employment estimates to 125,000, just barely higher than the disastrous March 120,000 NFP print which launched a thousand new QE rumors.
What is the point of this article? Is it to get everyone to nod their heads while they prepare to launch another round of QE? The NFP numbers prove that unemployment is not really doing that great.
I think this article is short-sighted. The prices of things like gas matter because the cost of energy impacts everything. The central planners' only tool is injection of more liquidity, which has a direct impact on the cost of commodities, oil, etc.
We've already been pumping the market with liquidity. Where did it all go? To euro banks, it seems. The employment numbers are not reflecting it, that much we know. Is this article suggesting we keep course?