The Job Market Is Crashing And The Fed Must CUT BIG

The latest jobs report was a total DISASTER. The U.S. economy added just 22,000 jobs in August. Blue-collar growth has stalled, construction and manufacturing are bleeding jobs, and white-collar layoffs are spreading. The Fed should have started cutting rates months ago, but now they’re trapped behind the curve AGAIN. In this episode, I explain why the labor market collapse means the Fed can’t play small ball — they need a drastic cut, at least 75 or even 100 basis points, to prevent the slowdown from spiraling.

0:00 Intro

0:43 Employment is falling off a cliff 

2:16 The Fed needs to act fast and big

4:59 My theory on the "crazy uncle" market we're currently in

7:05 Elon Musk could get a $1 trillion incentive package

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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: 

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