One of Abbot and Costello's classic skits is “7 goes into 28 13 times,” where salesman hopeful Lou tries to show CEO Bud his math skills. Vaudevillian math is the perfect starting point for discussing this morning's BLS Employment Situation Report, which is an exercise in that sort of fuzzy math.
Great article, I really like it, fakery even reaches the jobs report.
Regarding the Fed, yes they will try to tighten, but to stop inflation you need like at least 5-6% interest rate, which in turn will eventually kill the federal budget due to greatly increased interest expense.
So in my estimation the US dollar will eventually burn up, but not before the Fed earnestly tries to tighten and crashes the stock markets.
Great article, I really like it, fakery even reaches the jobs report.
Regarding the Fed, yes they will try to tighten, but to stop inflation you need like at least 5-6% interest rate, which in turn will eventually kill the federal budget due to greatly increased interest expense.
So in my estimation the US dollar will eventually burn up, but not before the Fed earnestly tries to tighten and crashes the stock markets.