either folks are not buying imported stuff which also helps the trade deficit - two birds killed with same stone .. obviously energy being local is lower .. so is food and apparel too . as some stupid commentators were worried about the price of T-shirts
Wednesday, June 11, 2025
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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?