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U.S. payrolls surge in December in boost to economic outlook
Friday, January 8, 2016 9:49
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—> NewsEconomic cheerleaders, citing surging payrolls, a lagging and frequently revised economic time series, keep the majority on the wrong side of the trade as long as possible. The Economic Activity Composite (EAC), a proxy for future economic growth that ignores payrolls, tells the independent-thinking minority that a US recession in 2016 is favorable. The difference in recognition, the…
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Source: http://edegrootinsights.blogspot.com/2016/01/us-payrolls-surge-in-december-in-boost.html
