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