US public debt Archives

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Sitzkreig

Today’s headlines may be celebrating the recovery in US jobs numbers in November (or at least the BIS’s ‘non-farm payroll’ guesstimate), but the reality may that we are just seeing the month-on-month distortions and knock-on effects of goosing the pre-election report for September which seem to have come out of the October figures. In that […]

Goosing US jobs data, before it gets cooked next month!

Now that’s a surprise, an upbeat job growth (gu)estimate released by BIS, in its last update before the November elections. One might almost think they are trying to apply some lipstick to ‘Bidenomics’ to avoid the prospect of their own jobs being culled by that prospective DOGE grim reaper, Elon Musk. What may be less […]

More misdirection from US jobs data

Once again it is amusing to see the monthly US non-farm payroll statistics get used to provide cover for the usual misdirection by the US Fed/Govt. The approved message markets are meant to take from the BIS guesstimate of an improving trend in private sector net job additions in September (of almost +260k MoM), is […]