Perhaps that’s a bit unfair, because it appears that it’s entirely possible to glean useful information even from US job reports. This morning, Zerohedge started with skepticism—like most of the rest of economic analysts:Thanks for reading Meaning In History! Subscribe for free to receive new posts and support my work.
Is anybody else getting a little tired of the "correlation doesn't mean causation" trope? Every 'fact checker' that hides behind that smoke screen needs to get the complete literature on the Bradford-Hill Criteria shoved up their lazy ignorant arses:
The greater the number of criteria met and the stronger the signals, the more likely that causation is indeed established. At the very least, Team Coincidence has a lot of work to do the explain away each criterion. You'd think these morons were getting paid to be ignorant. Oh, wait...
I think the federal fake data factory called the Dept. of Labor could go away tomorrow and only the employees would even notice or care. A brief front line report from balmy Comanche County, the land of desiccated pastures and dry stock ponds. My personal observational survey of oilfield activity, counting loads of pipe and equipment passing through on SH36 & US67, indicates a grim situation, nothing like 3-4 years ago and nothing close to what would be expected with the current oil&gas prices. This is a depression right now IMO !!!
Is anybody else getting a little tired of the "correlation doesn't mean causation" trope? Every 'fact checker' that hides behind that smoke screen needs to get the complete literature on the Bradford-Hill Criteria shoved up their lazy ignorant arses:
https://jessicar.substack.com/p/the-bradford-hill-criteria
The greater the number of criteria met and the stronger the signals, the more likely that causation is indeed established. At the very least, Team Coincidence has a lot of work to do the explain away each criterion. You'd think these morons were getting paid to be ignorant. Oh, wait...
IDK but I am getting tired of cooking the books.
JR is powerful.
I think the federal fake data factory called the Dept. of Labor could go away tomorrow and only the employees would even notice or care. A brief front line report from balmy Comanche County, the land of desiccated pastures and dry stock ponds. My personal observational survey of oilfield activity, counting loads of pipe and equipment passing through on SH36 & US67, indicates a grim situation, nothing like 3-4 years ago and nothing close to what would be expected with the current oil&gas prices. This is a depression right now IMO !!!
You will be interested in this, if you haven't already seen it today:
https://pierrekory.substack.com/p/reports-from-the-front-lines-of-the?utm_source=substack&utm_medium=email
Thanks for the link.
Sad and Terrifying.
How long can this go on?
Yes, I saw that. Very scary.
That's it. That's what they want us to become accustomed to.