While I hesitate to engage someone with your economic bona fides:
lobster wrote: Sun Aug 11, 2019
"Let's just say, I am well connected to people in the know...
Not to mention your history of Nostradamus-esque powers of prognostication: 8/10/2019
"Major housing crash coming this winter or sooner"
If it's true that finally, after trying to put the brakes on Biden's expanding economy by raising interest rates by more than 500 basis points in less than a year and a half, the Fed has successfully thrown enough cold water on it to cause the need for more and more and more employees to decline, it's kind of good news because the sooner that happens, the sooner the Fed can cut interest rates, which will then add more fuel to Biden's economy, all over again.
I think employment is softening too, and this months report might prove to be an outlier. But what do we expect after the millions and millions and millions of jobs that have been added since Biden led the country out of the pandemic. Want evidence?
Since the beginning of 20022, there have been seven months where the country added more jobs than were added in the best month of Donald Trump's first three years in office? And in 2023 alone, the country added almost half the total number of jobs that were added from 2017 to 2019?
Pro tip: Getting your information from a site that lost nearly all its credibility years ago like zerohedge isnt going to help you personally in the long run, nor help you rehabilitate your reputation for inaccuracy here, either.
