Posted on 07/07/2022 5:32:49 AM PDT by Browns Ultra Fan
Alarm!
As most economists are aware, unemployment rates are not a leading indicator of a recession. But job cuts ARE a leading indicator.
Challenger US job cuts rose 58.8% YoY in June. Combine that with negative REAL wage growth (-3.34% YoY) and we have a problem.
Unemployment rate (U-3) is a poor leading indicator of recession since unemployment rates are the lowest before a recession.
Further signaling problems for the might US economy is the US Treasury yield curve (10Y-2Y). It is inverting.
In this slowing economy, there will be fewer people singing “Take This Job And Shove It!”.
(Excerpt) Read more at confoundedinterest.net ...
What do you mean, BEFORE a recession? We are neck-deep in one already.
And rapidly headed for an all-out depression, with food deserts and even famine at every hand, as the supply chains splinter before our eyes, and agricultural output is vastly reduced. What little is able to make it to some sort of market will be priced so high that margins disappear altogether, and much of it will just - rot on the ground.
Let’s go, Brandon. Or maybe just, let go, Brandon.
“Que mala” Harris cannot be worse at this moment.
Just wait until the SW runs out of water and Hoover dam shuts down completely this summer.
How long do you think it would take for China to make its move on Taiwan if Harris were to suddenly become president? Not saying Biden is better, just that this is the type of opportunity our enemies are looking to exploit. They know full well the degree of confusion and timidity that exists in the WH and the severity of our national divisiveness. And they are preparing to seize the moment, much as Russia did in the aftermath of the debacle in Afghanistan.
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