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TIP483: Down But Not Out w/ Cathie Wood
We Study Billionaires - The Investor’s Podcast Network
Non-Farm Payroll Employment and Household Employment
There are two things going on. I believe the corporations started hoarding labor, just like they started hoarding inventories when they were losing orders. And if you look at the purchasing managers index, the one I think we got yesterday, employment negative orders negative. That is telling us that small businesses are acting. They are laying people off and they will act much more quickly than large corporations,. Because they don't have the buffers of cash that large corporations do.
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