47 sats \ 2 replies \ @Satosora 15 Aug \ on: Philadelphia Fed Index Falls: Manufacturing Contracts, Labor Market Stable econ
Another contraction. What do you mean stable job market? Stable as in a lot of people unemployed and on federal and state benefits?
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20 sats \ 1 reply \ @TomK OP 15 Aug
it is crucial how the market receives such data, and not how we see it. the same applies to inflation figures. we may report and criticize the falsifications in our circle again and again, but what counts is what the market thinks about it, and that is stable labor market data from the market's point of view
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47 sats \ 0 replies \ @Satosora 15 Aug
I dont feel it is stable. Once people see the real results, it will fall even faster.
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