Larry Summers Isn’t Buying It
Generally speaking, market participants were pleased with the latest jobs report out of the world's largest economy.
Data for August "checked the Goldilocks boxes," as I put it, while editorializing around the numbers. The term "Goldilocks" was bandied about incessantly ahead of the long holiday weekend in the US. And for good reason, I think. A robust headline, cooler-than-anticipated wage growth and a welcome uptick in the participation rate, were all consistent with a "just right" interpreta
Perhaps it is not completely unreasonable, Aghast, that the rentier class do the heavy lifting this time round. Or do we need history to constantly mimic itself. Even if it needs to be shoved in that direction.
I am sick of hearing Larry Summers bloviate. When is bloomberg going to stop?