Much of the street is abuzz with rumors that tomorrow’s employment report will hold a large bullish surprise. And, yes, the government manipulates data with seasonal adjustments and their imaginary birth/death models. But, it’s the headline that matters.
Our friend at Jesse’s Café Americain put it this way: “The imaginary jobs component, also known as the Bureau of Labor Statistics Birth-Death Model, will contribute approximately 72,000 jobs allegedly created by small businesses with less credible evidence than a Bigfoot or an Elvis sighting. We can expect this number to continue to show positive annual jobs growth until the End of Days, and perhaps longer than that if there is fireproof paper in the afterlife.”
Some are suggesting a gonzo-like job gain of over 300K tomorrow! This might explain.... READ MORE!
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