Posted on 04/01/2022 7:33:51 AM PDT by Browns Ultra Fan
Wasting away again in Biden/Pelosiville, looking for my lost inexpensive gasoline and food. Some people say that Putin is to blame, but we know its Biden/Pelosi’s fault.
The US Treasury 10Y-2Y yield curve just inverted, generally a precursor to a recession. Called it, nothing but net!
Meanwhile, today’s jobs report shows that Bidenflation is crushing America’s wage growth. While average hourly earnings grew to 5.6% YoY, we are still seeing inflation growing at 7.9% YoY meaning that inflation is reeling hurting the middle class and lower-income households.
The good news is that the U-3 unemployment rate fell to 3.6%, almost back to the Trump-era unemployment rate of 3.5% prior to the Covid outbreak. And the unemployment rate remains below the CBO’s short-term natural rate of unemployment indicating that the labor market is OVERHEATED.
Today’s jobs report was pretty good, as we would expect from a recovery caused by governments shutting down economies, then reopening them. 431k jobs were added, but less than last month’s jobs added of 678k and less than the forecast 490k.
The number of people NOT in the labor force fell slightly, but it still around 100 million. The number of people holding multiple jobs to overcome Bidenflation rose to 7.5 million.
On the mortgage front, Bankrate’s 30-year mortgage rate rose to 4.90% as the 2-year Treasury rate (yellow) rises and the number of expected Fed rate hikes over the coming year is 9.26%.
(Excerpt) Read more at confoundedinterest.net ...
“...the number of expected Fed rate hikes over the coming year is 9.26%.”
Clarify. 9.26% isn’t a number of hikes. Did you mean to say that the fed rate is going to 9.26% or that the fed rate will increase by 9.26% of the current rate?
If we all have to stand next to burn barrels while eating dog food out of cans, it will all be worth it to be rid of mean tweets once and for all
It’s not a bug. It’s a feature.
They do not understand the limit of American Nature to sacrifice.
Biden & Co destroying Individual liberty and Economic Freedom is what this is about.
We must endeavor to persevere. Lone Watie. LOL!
Like the Chief in “Outlaw Jose Whales” we must turn and fight for the Confederacy. Did you know the CSA promised citizenship to Native People for their help in the Civil War (The War for Southern Independence) and a chance to have their own state where they would have a seat in the Confederate Congress? So, if the south won—Where Oklahoma is now would have been the Indian State of Sequoia! The USA didn’t give Native People the vote till 1920. If the South would have won—The whole history of the west would have been different and perhaps less bloody.
Been waiting for this, patiently for over a year now.
The housing price bubble burst is coming, and I'll be a CASH buyer when it happens.
Bring It On.
Taking into account today's interest rate and the number of rate hikes (around 7...) most economists believe the Fed has to implement to tamp down on this runaway inflation, that would make the interest rate about 9.25% or higher if the Fed increases rates each time more than half a percent.
Here comes the PAIN.
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