08-02-2024, 05:07 PM
Updated Fri, Aug 2 20244:35 PM EDT
Dow closes down 600 points, Nasdaq enters correction after weak jobs report
(Not a complaint, just an update....)
But the "Job's report" (in my opinion) which is hinted as a potential reason for the drop, is the singled least reliably reported stat of all time... (perhaps en par with "climate reporting.")
The politically-appointed bureau has the data... but they always change and retract and correct their assessments which very frequently prove to be "politically-motivated marketing", and I suspect might actually manufacture, manipulate, and contrive to misinform... as if they have no standards.
When they publish a report, as they have, it might be immensely "optimistic" or "pessimistic" depending on the "political utility" of the 'appearance' (their recent paradigm.)
Maybe the "market" (sic) does know something the Fed appears to be either "going along with" or "falling for."
![[Image: giphy.webp]](https://media0.giphy.com/media/v1.Y2lkPTc5MGI3NjExZjBsNXJuMmI3NGU2d2p6N21xYW9raW1nbG9qdnFuZXV3aXo1dWczdiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/rBA9YKPPA4v7DXPdvg/giphy.webp)
Dow closes down 600 points, Nasdaq enters correction after weak jobs report
(Not a complaint, just an update....)
But the "Job's report" (in my opinion) which is hinted as a potential reason for the drop, is the singled least reliably reported stat of all time... (perhaps en par with "climate reporting.")
The politically-appointed bureau has the data... but they always change and retract and correct their assessments which very frequently prove to be "politically-motivated marketing", and I suspect might actually manufacture, manipulate, and contrive to misinform... as if they have no standards.
When they publish a report, as they have, it might be immensely "optimistic" or "pessimistic" depending on the "political utility" of the 'appearance' (their recent paradigm.)
Maybe the "market" (sic) does know something the Fed appears to be either "going along with" or "falling for."
