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...
