Wednesday, August 03, 2016

A Trader's Angry Rant "Economic Numbers
Don’t Mean Anything Anymore"
Bloomberg's Richard Breslow: "Cue the Fed speakers. Williams, Kaplan and Dudley said what’s one number, don’t rule out a hike. That’s a real problem. No one understands the numbers so numbers don’t mean anything. But that’s how we’re meant to measure the economy and make investment decisions They need to spend more time trying to understand why no one 'gets' the economy than where they hope its going. Finger-crossing shouldn’t be an input to an econometric model. The ISM surveys and Friday’s payroll report will do a lot to script how Fed Chair Janet Yellen writes her Jackson Hole presentation and tell us how to trade the next few weeks. At least until the next set of data."
link here to the article

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