See? It’s easy. Economics doesn’t have to be a sedative.
Didn’t we say early this morning that both Jobless Claims and the Philly Fed manufacturing result could provide some good old fashioned excitement? Sure enough, the number of claimants dropped far below expectations (5:30 am), cheering stock holders. Sure enough, the Philly data (7 am), at least the headline, in the tank, worrying the same bunch.
Come on folks! Admit it. How could you not have fun with this stuff? Take it home. Throw it around the dinner table. Pretty quick and with practice you’ll have as good a view of economic reality ahead as the Street "ex-spurts."
You’ll dream of average hourly earnings, mining output, capacity utilization and unfilled orders; you’ll swoon to retail sales; your heart will stop on a weak payroll number.
Stay tuned for the time of your life.
Robert Craven
Didn’t we say early this morning that both Jobless Claims and the Philly Fed manufacturing result could provide some good old fashioned excitement? Sure enough, the number of claimants dropped far below expectations (5:30 am), cheering stock holders. Sure enough, the Philly data (7 am), at least the headline, in the tank, worrying the same bunch.
Come on folks! Admit it. How could you not have fun with this stuff? Take it home. Throw it around the dinner table. Pretty quick and with practice you’ll have as good a view of economic reality ahead as the Street "ex-spurts."
You’ll dream of average hourly earnings, mining output, capacity utilization and unfilled orders; you’ll swoon to retail sales; your heart will stop on a weak payroll number.
Stay tuned for the time of your life.
Robert Craven
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