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Labor weakness is next

Fed chair Powell’s folly continues.  It’s quite the body of work. First problem was doing nothing in 1Q22 as inflation was rising and the Fed kept money printing/bond buying. Second problem was... read more →

Payroll report

A few quick takeaways from this morning’s payroll report: Non-farm payroll for August 2022 grew by +315,000, right in line with the +318,000 estimate. It’s actually an aberration that it... read more →