Goldman’s Chief Economist offers some thoughts on today’s big job’s report (via CNBC):
“I think you need to be cautious interpreting any individual number, but if you look at the broad report was good.”
“It’s quite possible. I do think the overall numbers—if you look not just at today’s report but in general what has come out over the last couple of months—suggests pretty muted growth…some deceleration would not be surprising.”
“The impact of the sequester hasn’t really shown up to a significant degree…I don’t think we’ve seen quite as much as we would have expected to see at this point. I would still expect to see more of an impact, but I think that is going to come in subsequent months….”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.