bringing unemployment to 14.7% .. imagine it was in 3s in Jan - pre-corona
& for those who are wondering why the stock market is not going down .. well, where do you think all that free money that govt. is sending is going ..!
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NFP 162K .. higher than expected ...
But not enough for a rate hike ..!
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?
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