“The ECONOMY Is DETERIORATING” | Lacy Hunt
Dr. Hunt explains that non-farm payrolls overshot by five standard errors, making it the worst miss since a 9 standard one for 2009, during the GFC recession, and marking another bureaucratic failure. According to Dr. Hunt, the reported overshoot of 818,000 was based on an internal seasonally adjusted series, but based on the nonseasonal adjusted data, the overshoot was actually 915,000. Dr. Hunt explains that the non-farm job miss means that productivity will be revised up while unit labor costs will be revised down. Personal income and Gross Domestic Income will be revised downward, and the personal saving rate will be reduced from its already very depressed level of 3.5%.
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CREDIT:
Watch the full interview here:
https://www.youtube.com/watch?v=da9vAYkrFYI
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13 Comments
People need to Adjust and Sub to live well. You can't go on eating choice sirloin where u should eat chuck beef or shank ham. Hamburger knead rice or cornflakes or lentils into meat. Olde fashioned oatmeal a drum is $3 to am%4 with 30 servings. Sub generic tomato soup instead of Ragu.
The problem of all so called 1:15 expert does not even know or has never been to Asia. Yet they talk and talk. Only Yankee will believe them.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
This old clown has been saying this for 4 years now.
Can someone translate into English, please
So THE FED is the issue – once again Trvmp is right. The Fed and Powell need to lower rates to increase the money supply, lower consumer credit rates
Incomprehensible gibberish…
Other countries are OK. Only the country run by toddler😊😊😊😊
The hegemonic, oligarchic, monoply, capitalist empire is on the decline. Transform the Inequitable System: From Capitalism to Economic Democracy and Socialism.
Are we in a bad way? No?
We're have you been the economy has been in the trash can for the last 4years Biden and Harris destroy this country and the Democrats keep try to push this country in to a hole that were not going to be able to come back from what is wrong with the people in America the Democrats just want Trump to fail and don't care if it screws our country as long is it makes Trump look bad it's pretty bad when the Democrats care more about making Trump look bad rather then trying to help him get our country straight out and no I'm not a republican or Democrat
Im SURPRISED HOW THE RRBABLIKAN PARTY STAYS AWAY FROM THE TRABOL TIMES ANS DONT DO OR SAYING SOMETHING ABOUT IT
Trump isn't going to save us from an evil economic system that robs America and blames China and anyone else