The stock market overreacted today. Job openings increased by 700,000 between July and August. Oh no! The labor market is too strong! Wages will increase! Cost-push inflation will build. The Fed will increase interest rates. We’ll be in recession soon! Boo! Job openings are clearly falling. From an all-time high of 11.5 million to about … Continue reading Statistical Illiteracy and Logical Fallacy