I think this employment report shows that the laws of gravity do apply to monetary policy,

This is a sign that the housing market is not exempt from the laws of gravity,

The report illustrates the fact that housing is not defying gravity and is not likely to do so this year. We're going to see chipping away of housing.

I don't think this report guarantees a pause, but it doesn't stand in the way of a pause if the Fed feels it's something they should look at.

Monetary policy is not a panacea.

The auditor's report shows Minnesota's system of liquor laws is broken.