The Art of Not Freaking Out
On the first Friday of every month the American Media goes nuts! What they do is as predictable as clock work and just about as insightful. Their exercise in panic wouldn’t be such a big deal except that it tends to freak out Wall Street and unnecessarily confuses the American public.
In a nutshell what happens is this: at 8:30 AM the Bureau of Labor Statistics (BLS) announces the employment figures for the previous month telling us how many jobs were added to the economy and the current unemployment rate…
The above is an extract of an article written for Wheaton College’s Sociology Department.