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.











