Replying to @AnnaEconomist
Triple hooks are totally blowing out , not at record levels, but they’re going absolutely vertical.
Real personal income from the private sector is basically flatlined.
This isn’t the foundation of a strong economy.
Has only slowed down more this year.
The Fed say this labor market remains robust?
Zero job growth YOY?
They're blinder than a bad baseball umpire.
The only employment sectors with gains in last year were healthcare (gov spending) and construction (data centers).
This is not a broad healthy job market
Replying to @LoganMohtashami
Dollar's demise is greatly exaggerated
If inflation were transitory this is exactly what you would expect the chart to look like.
Or maybe it is.
Replying to @LoganMohtashami
the hawks are economically illiterate
they've been screaming about inflation 2nd and 3rd order effects for 4 years.
when is that actually going to happen?
wage-price spiral inflation is ivory tower nonsense
no one can demand higher wages just becuase grocery costs increased without actual labor market supply/demand imbalance.
time to ignore the chicken littles
Replying to @pdubdev @LoganMohtashami
Hourly earnings growth is really softening.
Replying to @EconBerger
Looks like a long term trend not a temp fluctuation related to Iran war cpi spike
Replying to @LoganMohtashami
true, but i think it was less about inflation or the fed and more about foreign reserve managers selling treasuries to raise dollars.
They needed more dollars to buy higher priced oil and to buy their local currencies to try to stem depreciation. (didn't work)
ex. Japan sold off massive foreiegn reserves the last few months attempting to defend the yen and obtain dollar funding
This cracks me up, becuase Nickyleaks blocked me ages ago for calling him a shill.
Replying to @MBjegovic
And raise when the labor market is this weak?
















