US Labor Apr Nonfarm Payrolls +266K; Consensus +1M. If you can’t even closely forecast monthly jobs how can you even pretend to predict growth for next year?

The U.S. economy added 266,000 jobs in April, far below the Wall Street consensus of 978,000; unemployment rate 6.1% pic.twitter.com/C4yyXGvd4U — Reuters (@Reuters) May 7, 2021 *US Labor Apr Nonfarm Payrolls +266K; Consensus +1M — *Walter Bloomberg (@DeItaone) May 7, …

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Consensus is Not Science

by Playaguy The late Michael Crichton, MD, author, film producer, put it this way: “I want to pause here and talk about this notion of consensus, and the rise of what has been called consensus science. I regard consensus science …

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