パンチラインはいつものZeroHedge風皮肉ですので。
Fed Labor Market Conditions Index Contracts For 5th Straight Month
Despite a small rise MoM, The Fed's own Labor Market Conditions Index has now deteriorated year-over-year for 5 straight months, despite significant upward revisions over the last 6 months, most notably in September and October.
前月比で多少の改善があったが、FED自身の労働市場条件指数LMCIが前年比で5か月連続悪化した、この6か月大きな上方修正があったものの、特に9、10月。
It seems a Trump win managed to improve the last six months of data...
まるでトランプ勝利で過去6か月のデータが改善されたようにみえる・・・・
While the index itself is at 8-month highs, this is still the 5th straight month of contraction year-over-year in LMCI...
この指数は8か月ぶりの高値になったが、前年比でみると、5か月連続でLMCIは収縮している・・・
As we noted previously, that's only the eighth time in nearly 40 years the index was down on a year-over-year basis, Deutsche Bank Chief U.S. Economist Joseph LaVorgna wrote in a note to clients today. Of the seven previous occasions, LaVorgna wrote, "four were soon followed by recession."
ZeroHedgeが以前にも言及したが、この40年でこの指数が前年比縮小したのは8度しかない、ドイツ銀行の米国経済主任Joseph LaVorgnaが顧客向けに報告した。LaVorgnaによれば、これまでの7回のうち「4回はその後するに景気後退入りした。」
(In the three other cases, two were false alarms, in 1986-87 and 1995-96, and in 1981 the recession began shortly before the annual change in the LMCI turned negative.)
(他の三回のうち、二回は騙し警告だった、1986−87と1995−96,そして1981ではすでにその直前に景気後退が始まっていた。)
LaVorgna said the weakness in the LMCI indicates a rising possibility of recession.
LaVorgnaはこう言う、LMCIの弱さは景気後退可能性上昇を示唆する。
"The upshot is that the economic outlook remains fragile despite the ostensible of the labor market," he wrote.
「結論はこうだ、労働市場は表向きよく見えるが、経済状況は不安定なものだ。」と彼は報告した。
But then again, everything is different and dreamy in the post-Trump world.
繰り返すが、トランプ勝利後の世界ではこれまでとは全く違い夢のように素晴らしい。