With A Straight Face

How the BLS manages to create their monthly reports without laughing is beyond me.

Fri, Feb 1, 2019 - 10:51am

Today's BLSBS...and the 35% reduction reported for January...leaves us laughing. And it appears that many others are starting to catch on to the BLS' monthly shenanigans.

Recall that the January number of jobs was reported to be 314,000 and this "robust" number was used as cover to smash gold back from $1300 to $1280 in minutes. Well today we find out that the actual number for January was just 222,000! So, when today's BS was reported to be 304,000, the Comex metals were predictably hit but then recovered. Very few take this number seriously anymore! Additionally, the average...

About the Author

turd [at] tfmetalsreport [dot] com ()

65 Comments on With A Straight Face

Subscribe or login to read all comments.

Become a gold member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 2/18

2/20 2:00 ET January FOMC Minutes
2/21 8:30 ET Dec Durable Goods and Capital Equipment
2/21 8:30 ET Feb Philly Fed
2/21 9:45 ET Markit Manu and Svcs PMIs
2/21 10:00 ET Jan Existing Home Sales
2/22 Day long Fed Goon appearance at Chicago Booth Policy Forum

Key Economic Events Week of 2/11

2/12 12:45 ET GCP speaks
2/13 8:30 ET CPI and three Goon speeches
2/14 8:30 ET Retail Sales (December)
2/14 8:30 ET PPI
2/15 8:30 ET Import Price Index
2/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 2/4

2/5 8:30 ET Trade Balance
2/5 9:45 ET Service PMIs
2/5 9:00 pm ET Trump SOTU
2/6 8:30 ET Productivity and Unit Labor Costs
2/6 7:00 pm ET CGP speech
2/7 9:30 ET Goon Clarida speech
2/8 10:00 ET Wholesale Inventories

Recent Comments