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Single best idea?
What is it?
Well, it's four five six minutes. It's short because you're listening to twenty thirty odd lots. I mean Joe Wisenthal and Tracy Alloway. They go out to forty minute podcasts. Something short and sweet. Two smart ideas for the day. How about anawog of Bloomberg Economics. She has been spectacular for eighteen months educating America about our odd labor economy. There is the jobs report, and then on September nine, a big annual revision, anawong on a big negative number.
I actually think that if the range is negative three hundred and fifty k, or even on the negative four hundred k, is actually smaller downward revisions than last year. Recall that Tom last year we saw negative eight hundred thousand downward revisions from BLS. So actually I think that this would possibly move us toward.
Less than twenty five BIPs cut. Because Chris Waller also in his recent speech, he flgged sixty thousand revisions per month, so that about for the whole year, that's roughly is about seven hundred thousand downward revisions. So you know, again in the if the preliminary benchmark visions is larger than negative five hundred thousand, I think that means that Waller will have to revise down that smaller downward revision.
Huge radio head for Bloomberg analog of Chicago. There were just spectacular economics. And of course her past employment with BLS and Labor in Washington. Constance Hunter at International look always some Constance Hunter. She's with the Economists Intelligence Unit Macro Policy Advisors as well. Constance Hunter on this most interesting September I mean.
We should cut to Empowell some slack, because he is doing a very tremendously difficult job under very difficult servances circumstances, and he is doing it exceptionally well. He is safeguarding that dual mandate and keeping inflation expectations anchored while also being sensitive to the fact that the underbelody of the economy is slowing despite extraordinary resilience.
Constance Hunter is setting up the path to September seventeenth. I really can't say enough about the quiet maybe of the end of the summer, and now already with some of this week's economic data ADP and with claims and then onto the Jobs report tomorrow it's going to be most exciting, and economics and how that rolls over into finance, investment, and international relations. It's a podcast on Apple and Spotify. On YouTube podcasts, It's single best idea.