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Saylor: US Added 162,000 Jobs, Yet 'Statistical Noise Has Turned Into Monetary Policy'
MicroStrategy Chairman Michael Saylor commented on the latest US payrolls report, noting that the addition of 162,000 jobs on a base of 159.1 million (0.10%) falls within the Bureau of Labor Statistics' 90% confidence interval of roughly ±122,000 for monthly changes. He criticized that trillions in assets are being repriced because economists had guessed a much lower 56,000 jobs, arguing that this effectively turns statistical noise into monetary policy.
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