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3 results for "tag:expert-devaluation"

Video transcript 0:36

And recall that last month what happened was that there was a kind of strange seasonal adjustment problem and so there was a big reduction in employment for teachers and we knew that was gonna come back once school started up and that we'd have a strong number but this number skyrocketed so much more than we expected. To put it in perspective Bloomberg surveyed 77 economists and said what do you think the jobs number is gonna be and this blew past every single one of them. All 77 got the number wrong and by a lot. This number is four standard deviations above the average of their forecast. This is one of the best numbers relative to expectation that I've ever seen.

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....Think of what it could have been if the Fed had gotten it right. Thousands of points higher on the Dow, and GDP in the 4’s or even 5’s. Now they stick, like a stubborn child, when we need rates cuts, &amp, easing, to make up for what other countries are doing against us. Blew it!

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So funny to watch people who have failed for years, they got NOTHING, telling me how to negotiate with North Korea. But thanks anyway!

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