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Not Goldilocks: Jobs Report Misses, Wage Growth Comes In Hot
It was a mixed week for the US economy headed into August payrolls, as the first contractionary ISM
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“….littered with lamentations…” Good one.
This calls for action by the Fed to do….nothing. But we all know that won’t happen, not with the Twitter in Chief (TIC) Trump drooling for at least a 50bp cut if not more and his lap dog Bullard barking incessantly for a bigger cut. Jeez, what a mess and all created by the TIC.