By the time you read this … Barataria says that far too often. Given the publication schedule at the start of each MWF, at midnight UTC, this blog often comes out before the news hits. The Employment Report from the Bureau of Labor Statistics (BLS) will be out in just a few hours and it will be important.
This is, after all, an election year that has opened with a strong downturn in the stock market and a general feeling of panic. Money and politics have intersected in at least one critical way – people feel lousy about the future of both. But should they? And will they keep feeling lousy through November.
Our standing prediction is that sometime in July the economic future will look a lot better – which is to say just about convention time. And that better feeling may start with the BLS jobs report tomorrow – if only because it’s starting to look like the stock market is ready to believe good news.