“This Is EXTREMELY SERIOUS” | 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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16 Comments
I call BS.
Money ~ toilet paper
Great analysis, thank you! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
And this time Trump is also tarffing our major trading partners who've also been hurt by China. So instead of responding like allies, they are dumping dollar assets and taking their home, the US gets a double hit.
Well this time, when the tariffs were announced the dollar fell and is still falling,.
The public aren't interested in what this guy is saying they just want reward in the here and now, but the clock is ticking.
You have no idea what you are talking about…just a mixed salad of meaningless words you don't understand.
This gentleman is talking absolute rubbish . He's talking about trickle down economics as if we try it again this time it might work….Rubbish. IT DID NOT WORK>
Just can't grasp the logic here. So complicated, one parameter dependent on another, etcétera. In a world where NO financial expert can predict anything but chaos i wonder how Lacy Hunt comes up with this smooth sequence of successful moves. Can anyone explain please??
Yea Lacy, but Reagan had a hand-out economy too – the budget deficit and the national debt exploded under Reagan. This handout economy, but look who ended up with the handouts – wealth. Wealth has the economy rigged.
Brain dead trump rationale
Foreign money being redistributed by tariffs from Wall Street to Main Street may crash the stock market, but it may also allow Americans to regain decent wages and afford transportation and housing again.
Trump is handling Billairs
L Hunt is a right winger nut! Forget this scumbag.
Self defeat it is .
When systems run by schyzophrenic narcissists is like this.