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March 08, 2017

Employment-Tracking Firm ADP: Get Ready for a "Blowout" Month of Job Gains

Buy on the rumor, and also buy on the news.

Has Donald Trump already begun to usher in a new era of job creation? The White House will certainly advance that argument after seeing today's ADP report on job growth in February, Trump's first full month as president, and ADP's analyst gives them some ammunition for that claim. The report came in 100,000 jobs higher than analysts' expectations at 298,000 -- "an absolute blowout," CNBC announced...

1. People make decisions based on both current circumstances and expected future circumstances.

2. People's behavior is strongly influenced by their psychological state. Frightened people freeze, unafraid people move and make.

3. It's been a while since a politician talked about getting rich. Reagan talked about it, though he preferred the more elegant and less vulgar word "prosperity," but same thing. Even Republicans tend to talk about "the economy" -- what the hell's that? It's an abstraction about the cumulative impacts of 200 million economic actors. No one can think tangibly about any number greater than twenty. Why are Republicans afraid to talk about individual people becoming prosperous? Have many bought into the leftist logic that making money-- being productive and creating additional wealth -- is "selfish" and "greedy"?

If you've become too refined to plainly state that making money by being productive is a good and moral thing, you've become over-refined to the point of becoming dust.

4. "Animal spirits" seems to be a real thing in mass behavior, such as economic confidence.

5. Obama was the biggest wet blanket ever, and wet blankets smother a fire.

6. So much winning, I'm getting tired of all the winning.

7. PS, Democrats: Try impeaching a guy with a growing economy behind him. Me and my friends tried that in the 90s. Didn't work out too well. Sad!

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posted by Ace at 03:33 PM

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