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#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #employment #jobs #jolts
What the hell was that? Everyone went nuts over...job openings? Not only is this data from JOLTS unreliable, it goes up for a month here or there repeatedly on short-term basis. The rest of the JOLTS data completely undercuts the mainstream interpretation that the labor market is suddenly invulnerable. Worse, other data, starting with a collapse in consumer confidence followed by the vastly more important income numbers, strongly indicate serious and still-growing recession problems.
Eurodollar University's Money & Macro Analysis
Bloomberg: Wall Street Fear Gauge Ratchets Up After Jobs Data: Markets Wrap
https://www.bloomberg.com/news/articles/2023-10-02/asia-stocks-set-to-drop-after-slump-in-treasuries-markets-wrap
IBD: Fed Overkill? Economic Outlook Index Plunges To Record Low In IBD/TIPP Poll
https://www.investors.com/news/economy/federal-reserve-overkill-economic-outlook-index-plunges-to-record-low-in-ibd-tipp-poll/
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.