Another BLSBS Friday

What's that phrase..."garbage in, garbage out"? How about the term "goal-seeked". Both of those would seem to apply to today's BLSBS but it hardly matters in the end. The Fed can now continue their claims of a robust US economy as they tighten the screw on monetary policy well past the breaking point.

Anyway, I don't see the reason to spend much time on the BLSBS today. As I watched all the pundits on CNBS discuss their expectations of a 200,000 or so jobs print, I kept thinking "they're all wrong and it's going to be a massive surprise upward"...and it was. When Santelli...

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Key Economic Events Week of 8/8

8/8 11:00 ET NY Fed Inflation Exp.
8/9 8:30 ET Unit Labor Costs
8/10 8:30 ET CPI
8/11 8:30 ET PPI
8/12 8:30 ET Import Price Index
8/13 10:00 ET UMich Consumer Sentiment
8/13 10:00 ET UMich Inflation Exp.

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