Damus
Dr. Jeff profile picture
Dr. Jeff
@DrJeff
September unemployment rate: 4.1% vs 4.2% (expected) and 4.2% (prior)

September US nonfarm payrolls: +254k vs +132.5k (expected) and +159k (prior; revised from +142k)

The Doom and Gloomers and Recessionistas are... wait for it... wrong again.

#macro

Onwards.

🐂
221❤️35🤙5❤️1👀1🚀1🫡1
Mr Meadow · 78w
You still trust government reports? Wow, now that takes faith.
Trey Walsh · 78w
I would say this is the biggest bull setup in bitcoins history Here we go
Bitcoin Mises · 78w
Working class people have seen 25-30% inflation in the last four years and have not experienced similar salary increases, life has become more difficult. If the economy is doing so well shouldn't people be more financially well of, because they certainly aren't. The truth of how the economy is do...
BoomTown · 78w
What happens if we haven’t cured inflation? Employment is high, real inflation is 7%+ and central banks are cutting rates to make debt more affordable in order to protect asset prices (cascading concerns). That scenario doesn’t sound good but seems like it is playing out. Might not be a “rece...
Deleted Account · 78w
“A woman who seeks to remain fashionable despite financial resources” are wrong again. LMFAO 😂 That’s hilarious. 😆 Now tell them how eating the rich works.
Bardownski · 78w
Wen 🌛
AncapAnon - Activate OP_GFY now! · 78w
How can you take the government’s unemployment rate numbers seriously? Their recent track record is terrible and they have a clear incentive to doctor the stats.
IdahoPuma · 78w
Do you think the new round of money printing will trigger a recession? ETA?
Jose Sammut · 78w
As a fellow 🐻 I thought they would be worse, but I think this delays fed action which is maybe worse. I will review Beige Book but I suspect there could be demand pulled forward due to strike and Christmas. Real test will be earnings and guidance, but I had said that for last set of earnings. Q2...
Ghost of Truth · 78w
It is telling that fed spokespeople are badmouthing the labor market after these figures. They want and probably have to continue to inflate!
mattaroo · 78w
Revision coming!!!
Purp1eOne · 78w
these are always BS and get revised
Ryan Finlay · 78w
Biggest monthly increase of government workers on record. https://m.primal.net/LLdZ.jpg
ChipButty · 78w
In three months these numbers will be downgraded by a LOT. No-one with any sense takes these numbers seriously. That's not to say a recession is coming, I'm not a doomer, but they keep changing these numbers & it's always negatively months after the fact when people don't care.