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UM Ross's avatar

Toxic indeed. Way too many employers are still requiring proof of clot-shots for new hires.

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Peter's avatar

Ignore the adjustments. In the end that doesn't matter. You have a job or not. Of course traditionally these adjustments made sense, as during certain periods there are more temp-jobs and you want to smooth that out. But in the end jobs-offers are not declining and people are not mass-fired. So it seems this time it is mostly Big Money that will need to eat the correction and not so much the little guy.

I don't think Powell knows what he is doing, but at least he is making the right moves: rates up-up-up. It won't stop inflation, as that was just the extra money placed in circulation in '20/'21, but rates need to go up to have any chance of not having a total system collapse down the road. It may be too late, but we got to try. And if it is not hurting jobs, I see no reason to stop now. Not at least until saving rates are back at 4% and bonds somewhere just below.

Yes that will hurt, but it is more like the cancer patient needing surgery. Not doing it is worse.

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