The Memo:
To:
Everyone
Re:
Labor Day
BLS Appointements and Labor Dayta
Nobel Prizes
Microchips
Stock Markets
Today in EFFing Time.
Comments:
On this Labor Day weekend, we are on the cusp of potential changes to the way American data gets published. New Bureua of Labor Statistics chief E.J. Antoni has floated the notion of doing away with monthly publication of employment reports. This comes after firing the current head of BLS after what was termed a “bad jobs report”.
On a non seasonally adjusted basis, it wasn’t as bad. But then again, the trajectory isn’t exactly great.
Today’s Report is brief, but highlights that “We’ve been here before”. From Microchip trade battles, the soft stock market numbers we knew were coming, to tariffs and even Nobel Prizes. This is the story of measuring the economy and world headlines, from the cycles of comically Effective Federal Funds cycles.
Oh right, there’s also an interesting link to the past cycle of Japan.
Happy Labor day everyone. I hope you all enjoy the long weekend.
End Memo.
Today in EFFing Time
August 29th 2025
Now on to the past todays, which are the same as today’s today. Or something like that.
May 5th 2019
December 14th 2007
October 11th 2002
March 30th 1990
Labor Day
We’ve been here before too.
Etc. Etc. Etc.
Nasdaq
There’s the roll over we discussed.
Draw.Down.
Same as it ever was. Same as it ever was.
The land of the rising sun
As I’ve noted in previous reports, each cycle can be compared to cycles past. Including other Nations. We’ve covered the Eastern Autumn of the Soviet Block. The Chinese turning from Mao to Tiananmen Square, the Iranian Revolution and more here. But one ally’s past cycle seems familiar, in a different way.
Or in our favorite EFFing format. A very special hat tip to Don, Six and friends at
for being on the Jaws of Kyoto story.
Identical? No. Similar? Yes. The headlines over the next few weeks should be interesting. 1 Leg down beginning. Another leg down sure to come. After the 1st one bounces.
The seasons, economics, and monetary realities of the current system are changing before our eyes. The sun is beginning to set earlier as the summer ends.
You say you got a real solution
Well, you know
We'd all love to see the plan
You ask me for a contribution
Well, you know
We are doing what we can
But if you want money for people with minds that hate
All I can tell you is brother you have to wait
Don't you know it's gonna be alright
Alright
Alright
You say you'll change the constitution
Well, you know
We all want to change your head
You tell me it's the institution
Well, you know
You'd better free your mind instead