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**Crystal Ball Time 
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Here& #39;s what gonna happen tomorrow:
1) #JobsReport is gonna come out it& #39;s gonna show job growth
2) Folks will run around celebrating and the stock market will go up...
Here& #39;s what gonna happen tomorrow:
1) #JobsReport is gonna come out it& #39;s gonna show job growth
2) Folks will run around celebrating and the stock market will go up...
...3) We& #39;ll lose sight of the fact that we way above 10% unemployment
4) There will be an unspoken assumption that the momentum will continue and some "Mission Accomplished" talk
5) Then unemployment benefits will be attacked as a damper on growth
...
4) There will be an unspoken assumption that the momentum will continue and some "Mission Accomplished" talk
5) Then unemployment benefits will be attacked as a damper on growth
...
...All the while, we& #39;ve *already* seen weeks of reasons to be worried about a slowdown and now seeing signs of a retrenchment.
Don& #39;t expect rosy numbers in July without something major changing between now and July 12th.
Don& #39;t expect rosy numbers in July without something major changing between now and July 12th.
This thread from my colleagues lays out the rationale: https://twitter.com/homebase_data/status/1278365443011551236
https://twitter.com/homebase_... href="https://twtext.com//hashtag/EconTwitter"> #EconTwitter keep us honest
