May BLSBS

Boy, just when you think you've seen it all, even a grizzled old veteran such as myself still has the capacity to be stunned into laughter. I'm not talking about the actual BLSBS data, instead it's the so-called "market" reaction that followed.

Let's start with the BLSBS. In a few interviews I've done of late, I've mentioned the idea that maybe the BLS would start printing lower job totals and in doing so, I was only half-joking. Why would they do this:

  • They've been quite obviously goosing the numbers for Biden's benefit
  • But now Biden needs a few rate
  • ...

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Key Economic Events Week of 12/9

12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET Productivity
12/11 8:30 ET CPI and Core CPI
12/11 2:00 ET Monthly US budget
12/12 8:30 ET PPI and Core PPI
12/13 8:30 ET Import Price Index

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