Shit is about to break.
Payroll data has been a mirage - part-time jobs, migrant jobs, government jobs.
GDP boosted by the government funded cash grab. Stimulus plus "Inflation Reduction Act" plus "Chips Act"......aka handouts with little oversight.
CPI data totally flawed as well, leading to the Fed over-doing it on rates.
Payroll data has been a mirage - part-time jobs, migrant jobs, government jobs.
GDP boosted by the government funded cash grab. Stimulus plus "Inflation Reduction Act" plus "Chips Act"......aka handouts with little oversight.
CPI data totally flawed as well, leading to the Fed over-doing it on rates.