Another SITYS I harp on often...cooked government data - confirmed by Phili Fed - payrolls overstated 800,000 thru Dec'23!!!
https://www.zerohedge.com/markets/philadelphia-fed-admits-us-payrolls-overstated-least-800000We all know people are working more than one job to make ends meet, most new jobs being part-time...and any increase in FT almost always led by fricken government jobs...now we even have proof of replacement - foreigners replacing indigenous workers...
All government data is games...ALWAYS.
And adding a $1T in debt every 100 days is not going to make anything in this fundamentally poor economy better, it will however make it a lot worse.
The Fed is boxed in, part self-inflicted part other idiots (Congress & WH being spendaholics) and under enormous pressure for rate cuts this year...have no good options...
https://www.zerohedge.com/markets/what-will-fed-do-nextAnd, who knows what lurks around the corner? As for me I continue to bet on reflation and see energy and precious metals the only safe haven...just not sure if there is a light at the end of the tunnel or an onrushing train of doom that cannot be avoided...
https://www.zerohedge.com/markets/americas-minsky-moment-approaches