Straight Line Marches On

By |2014-06-06T12:02:50-04:00June 6th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

It’s payroll day again, which means we get to watch the straight-line march of the Establishment Survey “confirm” whatever the observer wishes to infer because a straight line is both uninteresting and mostly not useful. This happens, of course, regardless of what other parts of the survey or other surveys show. The most prominent disagreement continues to be with the [...]