Ahead of today’s payrolls report, we warned that there is the possibility for a lot more “market whiplash” because as Goldman explicitly warned, there is the risk for an outlier strong report in January due to massive seasonal adjustments...
.... this would be all about seasonal adjustments and sure enough, that’s precisely what happened because while the unadjusted payrolls actually cratered by a record 2.505 million, the seasonal adjustment factor was more than 3 million, the biggest in history!
And while we joked yesterday that the ongoing mass layoffs would prompt the BLS to cut the unemployment rate to a record low if for purely political purposes...
Florida Gov. Ron DeSantis headed for Greg Abbott’s Texas turf to headline GOP fundraisers
On March 4, DeSantis is scheduled to attend the annual Dallas County Republican Party’s Reagan Day Dinner. That’s after his planned appearance in Houston for the Harris County GOP’s Lincoln Reagan Dinner.
“Ron DeSantis is popular across the county and he’s a great speaker. We’re excited about it,” said Dallas County Republican Party Chairwoman Jennifer Stoddard-Hajdu. “Clearly there may be some Trump supporters who don’t like it, but most people are looking forward to it.”
Reporter: "Do you take any blame for inflation, Mr. president?"
Biden: "No"
Reporter: "Why not?"
Biden: "It was already there when I got here, man" pic.twitter.com/4fhqtH3c5v— The Post Millennial (@TPostMillennial) February 3, 2023