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Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)
Forward Guidance
The Joltz Report, the Job Opportunities, Labor Turnover Report
The Joltz report, the job opportunities, labor turnover report came up today. It went up by 600,000 in December because that's what was reported today to 11 million. The biggest reason is it's older people with comorbidities worried about their health. So they all did buy monkey jpegs and then they quit. If you've got employers demanding that many, I got 11 million jobs I got to fill. How am I going to fill them? I'm going to pay up. Just pay up to get those people in those jobs. Wages are going to keep going up. And that means inflation is going toKeep going higher.
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