Friday, June 1, 2012
Every economic statistic in the entire effing world will be released today
- by New Deal democrat
After forcing us information geeks to twiddle our thumbs for the last few weeks, the government and private industry have decided that in the course of about 6 hours today, they are going to throw at us every single economic statistic they could get their hands on, including the kitchen sink (that would be construction spending for April). We also get April income and spending, the May ISM manufacturing report, auto sales, and of course the jobs report.
Oh, yeah, and the European markets are taking a dive.
My mantra will be "value added" so I'll update throughout the day to highlight some of the numbers that others are likely to overlook, especially the forward-looking statistics.