37 min listen
Jobs Are No longer Hiring
ratings:
Length:
17 minutes
Released:
May 2, 2024
Format:
Podcast episode
Description
Hiring has near completely dried up in the US labor market, contrary to all mainstream talk of a booming economy. JOLTS hires was the lowest since March and April 2020, and apart from those the worst in six and a half years. That substantial weakness was further corroborated by some of the biggest companies in the world reporting sharply lower results on increasing consumer difficulties. Yet, everyone will be focused entirely on the Fed and its absurd "inflation" fixation. Eurodollar University's Money & Macro AnalysisFOMC Chair Powell Press Conference Playback May 1, 2024https://www.youtube.com/watch?v=o0unztmcLvAUSA Todayhttps://www.usatoday.com/story/money/2024/03/07/job-market-cooling-despite-high-employment-numbers/72846912007/Behind the rosy job numbers, Americans are struggling to find workBloomberg Starbucks Posts First Sales Drop Since 2020 During Global Pullbackhttps://www.bloomberg.com/news/articles/2024-04-30/starbucks-sbux-sales-slump-as-customers-pull-back-across-the-world?srnd=allBloomberg KFC Owner’s Sales Fall for First Time Since 2020https://www.bloomberg.com/news/articles/2024-05-01/kfc-owner-s-sales-fall-for-first-time-since-2020-as-weakness-spreadsISM Manufacturing Press Releasehttps://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/april/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
Released:
May 2, 2024
Format:
Podcast episode
Titles in the series (100)
QE-Infinity is a Laundromat Token: Jeff Snider, CIO of Alhambra Investments and world-renowned (monetary) plumber (@JeffSnider_AIP) and Emil Kalinowski, a fan of the cult New Zealand folk band Flight of the Chonchords, (@EmilKalinowski) discuss the Federal Reserve's announcement of QE Infi by Eurodollar University