Feb 1, 2023 FOMC Meeting: To Hike or Not to Hike?
- Thread starter HeSaidSheSaid
- Start date
I wondered where BLS Bureau of Labor Statistics got their non-farm payroll number (517K per month is the type of number for growing economy, not for the type of econ that jobs are being cut by thousands by big companies. Perhaps, SunTrader added hundreds of masseur jobs from his gold trade's winning.
Any idea why the Can dollar is worth 75 cents US?
Sixty_Nine_Ender is a glass-half-full kind of guy.
half full-of-it kind of guy you mean.
It is a temporary game changer. Most job gains are part-time and data revisions.
How come unemployment decreases with so many tech layoffs? Hourly earnings not picking up.
It's in a long term range anytime it's low 70s it's going to go up eventually. I suspect it's down from 80 cents mainly because almost all currencies are down against the US$ short term. Once the fear of some deep recession and monster inflation go away ( people are slow to realize these things ), US$ likely moderates. I haven't looked at Cdn$ versus other currencies but I suspect it's performing better then most of them.
My strategy at the moment is everything in Cdn$, any new US holdings I'd use currency hedged etfs or CDRs. I've advised others to do their US$ to Cdn$ transfers anytime we get around 72 cents. May be late days to get maybe 73 cents level imo.
If you continually believe in superstition in your trading and irrelevant stuff like the cost of groceries you'll be continually blindsided most of this year. What I said in second half 2022 concerning inflation was accurate and timely. The job number is a clue you still aren't getting the bigger picture. Watch as media narratives change during this year.
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interesting fact, do you know Chairman Powell is a lawyer, not a true economist like Greenspan, Volcker, Bernanske, Yellen
ok, Mr. your thighs tell fortune! here's a chart of non-farm payroll. I think the pop was due to the holiday period. then, once those big job cuts by the Tech companies are settled, unemployment rate would pop. The low unemployment number was due to lack of available workers. I don't think it was due to new jobs being created.
ok, Mr. your thighs tell fortune! here's a chart of non-farm payroll. I think the pop was due to the holiday period. then, once those big job cuts by the Tech companies are settled, unemployment rate would pop. The low unemployment number was due to lack of available workers. I don't think it was due to new jobs being created.