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Private Hiring Slows To Crawl In America Amid Tariff Chaos
Did the US labor market just turn? Is the recession here? Should you board up the windows and stack
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Those folks are half of the Trumpers, the other half live in Orange County, CA. Two groups that couldn’t be more opposite but are attracted to the carnival barker like a moth to a flame.
Evidently, the investors in the US stock market don’t care about jobs- so long as the US federal government continues to borrow and/or print $2T/ year. As a bonus, lower job creation might even get the Fed to lower interest rates!
This feels like we are in a car, driving down a twisty mountain road, with no brakes. So far, so good… but I am keeping my eye out for an emergency truck exit ramp.