The Market Ticker - Policy Error On Deck
With the “Jobs Report” suspended due to the shutdown all we have is the ADP Report — which showed a small negative figure.
Note that they’re also now posting revisions. May I ask exactly how, considering that ADP allegedly gets its data from the actual checks they cut (they are the biggest payroll processor in the US) thus how is it that they don’t know how many checks they cut on the days they cut them? Just asking….
Anyway, people are falling over themselves saying this means The Fed must inject more liquidity.
NOT SO FAST.
The deportation of illegal aliens, who were and are registered in the jobs report, is likely entirely…….
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Source: https://market-ticker.org/akcs-www?post=254144
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