Bob Elliott, Unlimited Funds – A Macro Masterclass | #458
The Meb Faber Show - Better Investing
Is the Labor Market a Tanker Ship?
I was looking at initial claims just to try and get a sense as to how fast the labor market has to deteriorate. Initial claims I like because it's you know, it's timely. And I also like it because it's measuring like people actually filing claims for employment versus people being surveyed or being asked what's going on. So yeah, basically what I was talking about was labor markets are like a huge tanker ship, right? Like what's happened is the Fed is sort of like thrown out an anchor and it's starting to drag a little bit on the tanker ship of employment which is moving forward at a pretty good pace.
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