Not Your Advisor
Not Your Advisor
A Nation of Dumb Adults | Fake Data Dependence 🎧 #524 (Sep 10)
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A Nation of Dumb Adults | Fake Data Dependence 🎧 #524 (Sep 10)

ORCL AVGO Blast off | AAPL AMZN nukes Dow
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Took a street photo the past weekend. No AI was used.


Todays action doesn’t bode well for cpi tmrw.

And next week is the most expected rate cut in history.

1m jobs revised down… oops. Lower ppi. Maybe cpi. But if they cut and long term yield rises, Fed is screwed.


Almost 1M jobs revised down. Oops

How embarrassing for The Fed and being β€œData Dependent.” BLS, PPI, CPI, blah blah blah.

LISEP’s July https://www.lisep.org/tru (TRU) report β€” a measure of the functionally unemployed, defined as the jobless plus those seeking, but unable to find, full-time employment and those in poverty-wage jobs β€” increased 0.6 percentage points, from 24.1% to 24.7%, in contrast with the Bureau of Labor Statistics official rate, which increased only 0.1 percentage points to 4.2%. The functional unemployment rate has now remained at 24% or higher for six consecutive months, which marks a higher level than at the end of 2024.

Labor Dept. internal watchdog launches probe of BLS data collection

The Labor Department’s Office of Inspector General said it is reviewing the β€œchallenges” that the Bureau of Labor Statistics is facing in its data-collection efforts.

The probe comes in light of BLS announcing a reduction in its data collection for two key inflation metrics, and after a recent β€œlarge downward revision of its estimate of new jobs.”


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