Before the monthly nonfarm payroll numbers come out, Wall Street takes up the somewhat insane task of guessing how many jobs were gained or lost. In March, enough of the Twitterati joined in to make #NFPGuesses a trending hashtag. Vox editor Matt Yglesias’ baby son’s guess was probably as good as anyone’s. (The economy added 295,000 jobs in February, beating expectations).
Meanwhile, money manager Charles Sizemore speaks two equally difficult languages, Janus’ Bill Gross channels Hemingway, and reporter Carleton English explains why McDonalds’ rumored plan to add kale to its menu is probably a bad idea.
The Management team pic.twitter.com/CHY5zIeIy9anm klkl,
— Jeffrey Wolfe (@JeffreyWolfeMBF) March 27, 2015
The baby, displaying his ignorance, just offered me an #NFPGuesses entry that ignores the impact of the West Coast port labor action.
— Matt Yglesias (@mattyglesias) March 6, 2015
Shorter Fed: Don’t expect rates to rise anytime soon, but that’s now a prediction not a promise. Of course we always denied it was a promise
— Justin Wolfers (@JustinWolfers) March 18, 2015
— Charles Sizemore (@CharlesSizemore) March 20, 2015
Multiple y-axes charts are the love child of confirmation bias and spurious correlations
— modest proposal (@modestproposal1) March 16, 2015
‘All financial planners are financial advisers but not all advisers are planners’. Sounds about right, I think.
— Abraham Okusanya (@AbrahamOnMoney) March 12, 2015
Oodles of capital chasing ill-understood financial instruments in illiquid markets. Now what does that remind me of… oh yes, 2007.
— Paul Kedrosky (@pkedrosky) March 3, 2015
.@TheStalwart I like kale. I like burgers. Mixing them is like taking your mistress to your inlaws & your spouse to your “secret” restaurant
— Carleton English (@carletonenglish) March 10, 2015
— Carl Richards (@behaviorgap) March 13, 2015
Gross: Countries go bankrupt slowly – and then suddenly. Ernest Hemingway, The Sun Also Rises.
— Janus Capital (@JanusCapital) March 13, 2015
— Check out BrightScope’s 10 Most Influential Advisors on Social Media: 2015 on ThinkAdvisor.