Stocks down big because rate hikes in unemployment rate, while real economy falling apart faster.

Eurodollar University - En podcast av Jeff Snider

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The unemployment rate dropped meaning there wasn't anything in the payroll reports which will dissuade the FOMC from hiking again. Or was there? Well, no, Fed officials are hiking based the one measure ignoring all the others which keep pointing toward oncoming recession. Curve inversion in a nutshell.

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