Making predictions too often is a mug’s game. But, there are times when it’s pretty easy to come off as Nostradamus instead of NostradumbaXX.
Friday’s job report was such a time.
As I wrote here in the wee hours of the day, about seven hours before the official report was released, the payroll numbers were likely to disappoint to the downside vs. estimates. They did.
No need to kiss the hem of my robe regarding this. It was just a case of knowing government bureaucrats, such as those of the Bureau of Labor Statistics (which should bear the BS acronym) seem to do more making up numbers than reporting actual statistics.
This gives a large degree of latitude when it comes to making the numbers tell your story.
These people also seem to be almost entirely on the political left, willing to shade things to make Democrats look good, as they have been doing for months, but not similarly inclined when a Repbulican rules the roost.
Because of that, and because the Deep State is desperate for something, anything, to blunt Trump’s momentum, a miss today was as predictable as Chuck Schumer histrionics, Al Green impeachment threats and Kamala Harris cackles.
In the long run, it’s virtually meaningless. But, for the short term, it’s a talking point for Democrats and their sycophants in the LameStream media.
The employment numbers also provided cover for those who are pained by the upward march of gold and silver prices. They hit gold for about $25 an ounce on the release and dropped silver 60-plus cents.
Again, this is short-term noise rather than long-term enlightment.
Any rational human would have a hard time blaming the numbers on Trump, since he didn’t take office until three weeks into the month that was being reported upon.
But, rational thought is in short supply these days. So, allow the left a day to celebrate (yes, they’ve put themselves in a position where they celebrate any hiccup for the nation), but know that they will continue to lose, lose, lose with a great degree of predictability.
Sam Ross Jr's site 