Nothing To Do, Nowhere To Go 0
(snip)
Estimates for first-time claims ranged from 350,000 to 390,000 in the Bloomberg News survey of 47 economists. The Labor Department initially reported the prior week’s applications at 350,000.
It’s called “shutdown” and happens every year in the late summer.
Also, Bloomberg’s experts continue their pattern of not being the persons to ask for help help in picking the ponies.
Aside:
Look, I know it would be extraordinarily difficult to predict next week’s figures with accuracy. On a percentage basis, they aren’t off by much.
That’s not why I keep harping on this. Given how difficult the prediction would be, why the heck does Bloomberg make such a big deal about the numbers missing their touts’ predictions? Their experts’ failure, low or high, is almost always in the first one or two paragraphs of the story.
One wonders whether maybe Vinnie or The Snake is running numbers based on Bloomberg’s “experts.”
