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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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