those who have listened to me in past about FB/META know that it has always been my opinion that this company provides no value whatsoever ... but the point is that even a no value add idea may turn someone into a billionaire for a while ... the company / idea was an outcome of good times (low interest rates) of last 20 years or so ..!
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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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