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Barkin On What Data He Focuses On

FED
  • One of the things I look at is credit card spending every week. There was a lot of bad weather in January so it doesn’t look nearly as good as it did in Dec or Nov, we’ll see how it plays out.
  • [Speaking on broader economic data] Numbers get revised and a lot of survey response rates have come down – you get wary of declaring too much love for any particular number or reading. He then notes NFP seasonality and how it makes you question the January data. Looks at credit card data as mentioned (real numbers and he knows what to do with them) and initial jobless claims.
  • A lot of these other data releases – I started thinking they were worthless but yeah they're pretty good. The people that did them did as thoughtful a job as you could do, recognising that nothing is perfect.

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