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CaptainGrumpy

4,596 Posts.

177

07/10/17

19:02

Post #: 27736626
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Originally posted by Ophir ↑

CG, I caught the wages surge BS thrown in to spice up a disastrous job loss number, worst in 7 years ... How does the BLS get a 0.2% wages growth jump from -0.8% & -0.1%?
http://www.zerohedge.com/news/2017-10-06/bls-caught-fabricating-data

As for bond yields , US$ & Wall St's melt-up, it may be a case of "that's all, folks" as USS Ronald Reagan heads to N Korea, Kim starts playing with his toys again & Trump calls "calm before the storm". Desert Storm 2.0?

While Dudley prattled on about rate hikes, Bullard offered a strong rebuttal, saying the central bank risked a “policy mistake” if it continues raising rates despite inflation data that remains stalled. “If we go too far in our zeal to normalize (rates) we might push inflation expectations down further and that might hinder our ability to hit our target,” said St. Louis Fed President James Bullard, who called the September jobs number “startling” even given the hurricane. “The December meeting is going to be too early to make a determination on whether inflation is coming back.”

PS: Gold rockets $16 from its 1260 61.8% exact retrace low

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Loved the way gold reacted to the news Ophir. If that's not a bottom I don't know what is

XSO Value at posting: 2,488.8
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