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A single best idea, and let me explain how we make the sausage.

Mostly what we do is try to have great conversations with guests from economics, finance,

investment, from international relations.

But if it was just that, you know, we'd all be working a cushy 24-hour work week or not.

We're reading the literature, and this is critical.

It's much more important in the game and the racket

what people write than what they say.

This goes way back before the internet, it goes back to stacks and stacks of research reports

going up and down the elevator on Monday and maybe you'd get them Tuesday.

I can't say enough what people write matters.

Claudia Assam wrote up the jobs report about 20 minutes after she was on with us today,

beyond honored that she was on in real time she's analyzing it. But the summary here of her optimism about the American economy,

she's inherently optimistic, is last year, four months after adjustment, were negative job

statistics. I get all the up and up and up and up and the market went up today and the president

was happy in that, but I just can't say enough how we're rationalizing four out of 12 months

were a negative non-farm payrolls and that's somehow good. Claudia Somm of New Century Advisors.

So the Fed knew about this. Like we, you know, the Bureau of Labor

Statistics published its preliminary estimate of the benchmark revision back in September. It was for a

negative 900,000. My goodness, it was almost, you know, right on the money. And this is certainly,

you've heard Fed Governor Waller mentioned this and his dissent, but also Fed Chair Powell talked about,

you know, revision. So these numbers aren't surprising. I mean, really the news today, maybe the

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