Posted on 09/07/2024 9:43:03 AM PDT by ChicagoConservative27
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chairman Jared Bernstein responded to the August jobs report by stating that “the market has an overreaction function. Today’s a pretty simple story, if you keep it down to its fundamentals, employment up, wages up, unemployment down, inflation down. Put that all together and it’s a recipe for continued growth, continued real gains, and I think an expansion that will persist.”
(Excerpt) Read more at breitbart.com ...
LIAR, LIAR, PANTS ON FIRE
BY NOT INCLUDING FOOD IN COL-—THEY KEEP LYING LIKE CRAZY
White House on Jobs Report: POOF just like that gone.
Jared’s a Music major IIRC.
Or somesuch.
Not a rocket scientist.
Or an economist.
Or much of anything except a Made Guy bloviator.
I would say that is creative but it isn’t. Just another spin lie.
jared bernstein? Oh yeah, right, the jazz musician with no qualifications to be an economic anything.
You cannot trust any information released by the government. Trust had been lost on so many things.
WHAT the hell— this NUMBER was done by the White House— ON purpose! What a load of fecal matter! Creative crap-laying lying!
Because we should always have a social worker as chief of the White House economic advisers.
Didn’t the powers to be just reduce the jobs numbers for the past 9 months by 800,000+ jobs?
This 142,000 number is total complete dog squeezings. Why does anybody, aka the market, believe this total BS?
Firing Americans and hiring Illegals
1.1 million overstated jobs “created”.....
Agree were not sure whos even running it now.
The market flutters. Without flutter day-traders / traders in general would have nothing to do and would actually have to work for a living analyzing VALUE of companies and estimating their potential. It is much easier to twitch your trigger finger on momentum or something else that defines the gamblers urges.
Investors with healthy dividends don't react to this kind of thing so much.
Who is this Mr. White-House we keep hearing about? He sure as a lot to say.
What the hell is he talking about? He makes no sense; it’s just soporific babble to confuse the gullible press. “Modern Monetary Stupidity”.
These guys are turning the act of lying into a surrealistic art form that salvador Dali would have appreciated.
I always look to Jared for stock market timing advice much like I look to Chelsea Clinton’s husband for stock market advice. Didn’t he blow up a stock hedge fund after he used Bubba Clinton to ply 25 million out of Goldman Sachs to fund it? The only good news is that it was mostly rich Democrat Goldman donors that lost their small fortunes.
It was going so well and then he opened his mouth ... moved his lips and the audience immediately knew he was lying again.
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