|Are you the mother of all numbers?|
Because the "mother of all numbers" will have already been released and you would have been denied my pre-number analysis!
The news is that the June employment report for the United States, will be (was) released this morning at 8:30 AM.
The drama, tone and hyperbole that accompanies this release each month is something that those who listen to the business news on either T.V. or radio hears every day.
However others out there may be unaware that earth moving and life changing news is about to hit (hyperbole again)!
"All eyes are or will be on this number!" they will say as if 99% of the people in the country even know that an economic report is due to be released.
"Tune in at 8:30 for the all important release of the employment report" they also might say assuming that this release will in some way help the unemployed find work or allow those living paycheck to paycheck to make ends meet.
They may ask a guest how viewers should react after a "good" number or a "bad" number or how they should use some trading opportunity to adjust their portfolios. Two things strike me when I hear this non-sensical jargon.
The first is that these so-called experts are always preaching a long-term investment horizon which means we shouldn't be making any knee-jerk moves based on one number.
The second point, somewhat more ironic, is that they speak as if their viewers out there in listener land actually have a "portfolio" of investments to worry about or have the needed disposable income that would allow them to react to any number by either buying or selling.
The truth of the matter is that very few in this country save and most likely even less than that have portfolios that need to be managed and tended to.
What this number will mean to most whether it is good or bad is that after work they will go out and have the same beer and try to forget the week.
That said, what is expected from the June Employment Report being released at 8:30 by the Labor Department?
Expectations for the headline numbers are for the unemployment rate to stay at 8.2% and for non-farm payrolls to climb by about 100,000.
A tick-up in the rate or a downside surprise on the payroll number could send the markets into a downside spiral while a tick-down and an unexpectedly strong payroll number could do the exact opposite.
Of course there are many other components of these numbers that will be picked over by market participants, but those two are the ones most discussed. So, let the games begin! And now.....
On to the Watcher's Council voting results!
The Watcher's Council nominations for the week of July 2nd were presented, the votes were cast and counted, and the winner will now been announced!
For those who may be enjoying their first Watcher's Council experience, it is a group that consists of some of the top conservative bloggers from around the world.
A group that The Political Commentator is extremely proud to have been asked to be part of!
Each week members select and submit an article of their own creation in addition to one article from a non-council blog they find to be particularly topical and important.
While you may not always agree with what you read, that alone may make the experience that much more valuable!
Once the submissions have been received at an undisclosed location hidden somewhere on the Left Coast of the United States, the Watchers Council members then individually vote for their favorites.
Those votes are protected and held by outside auditing firm Arthur Andersen until such time as they are counted and a winner named for the Grand Prize.
This Grand Prize consists of the appreciation of ones peers.
In the end though, we all win because of the range of information and important analysis received on the critical issues of the day.
In a nutshell, the Watchers Council is the ultimate conservative blog aggregator!
So without further ado the winner(s) of the Watcher's Council for the week of July 2nd is (are)...?
*First place with 3 1/3 votes! Joshuapundit – Gettysburg – A Fourth Of July Long Ago
Second place *t* with 2 1/3 votes – Bookworm Room- Judge Roberts’ decision forces Americans to stand on their own two feet and that’s a good thing
Second place *t* with 2 1/3 votes – VA Right!- My Doctor Is a Flaming Pro-ObamaCare Liberal – Time to Change Doctors!
Third place with 2 votes – Gay Patriot-Contemporary liberalism: preferring the abstract “good” to the imperfect real?
Fourth place with 1 vote – The Noisy Room- Obama Lies, Taxes Rise
Fifth place *t* with 2/3 vote –GrEaT sAtAn”S gIrLfRiEnD The America Iran War of 2013
Fifth place *t* with 2/3 vote – The Right Planet- SCOTUS Obamacare Ruling: The Government
Sixth place *t* with 1/3 vote – The Mellow Jihadi –Muslim Targets
Sixth place *t* with 1/3 vote – The Razor –Global Warming Heretics Aren’’t Stupid
Sixth place *t* with 1/3 vote – Simply Jews – Dan Savage and the “house faggots” incident
First place with 2 1/3 votes! – Potluck-A Tale of One Tragedy and Two Campaigns submitted byThe Watcher
Second place with 1 2/3 votes – John Woo/WSJ –Chief Justice Roberts and His Apologistssubmitted by Joshuapundit
Third place *t* with 1 1/3 votes – Mark Steyn –Constitutional Contortions submitted by The Noisy Room
Third place *t* with 1 1/3 votes -Sultan Knish-Why The Newsroom is Good News for Republicans submitted by The Right Planet
Third place*t* with 1 1/3 votes – Zero Hedge -The Dummy’s Guide To Healthcare submitted by Gay Patriot
Third place *t* with 1 1/3 votes -Hot Air – The Navy’s “Great Green Fleet” sets sail submitted by VA Right!
Fourth place with1 vote - Human Rights Watch –Syria’s Torture Archipelago submitted byGrEaT sAtAn”S gIrLfRiEnD
Fifth place *t* with 2/3 vote - The Passing Parade –Reform, or can I have another cookie, please? submitted by Simply Jews
Fifth place *t* with 2/3 vote -Sir Winston Churchill –We shall fight on the beachessubmitted by Bookworm Room
Fifth place *t* with 2/3 vote -Dan Drezner/Foreign Policy –An open letter to the Mitt Romney on American foreign policy leadership submitted by The Glittering Eye
Fifth place *t* with 2/3 vote -Barry Rubin –Former Israel Prime Minister Yitzhak Shamir Dies at 96: A Personal Memory submitted by The Watcher
Sixth place *t* with 1/3 vote -Taki’s Magazine –Gangsters At Sea submitted by The Mellow Jihadi
Sixth place *t* with 1/3 vote -Buckhorn Road –Seeing Obama’s incompetence with my own eyes submitted by The Colossus of Rhodey
Sixth place *t* with 1/3 vote -TaxPolitics –When is a Tax Not a Tax? When the White House Says So submitted by Rhymes With Right