Friday, July 7, 2023

More bravo sierra---it's getting pretty deep. Bring out the shovels

 



More bravo sierra-- "Adp jobs numbers soar"

Divergence between Household data and Establishment data

The BS meter has gone into the red zone again. These numbers are not credible because the Household data, which counts actual people who have jobs, is not growing nearly as fast as the Establishment numbers. Just to clarify things a bit, the Establishment numbers are the ones that the Establishment puts out. Therefore, it can be fudged. In fact, I think they have been fudged for some time now, because the two numbers should coincide, not diverge.

It makes sense. The Establishment takes care of itself. Brandon is in the Establishment, so they produce the phony numbers to make Brandon look good.

If the numbers were real, it would mean a boom. Not likely to be a boom, if the GDP actually went down two quarters straight in 2022. Growth is sluggish. Other numbers are flashing recession. Why would these numbers be so good when the others aren't? They are numbers that can be fudged, that's why.

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