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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
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.