“Strong” Jobs Report More Politics Than Economics – Ep. 185

“Strong” Jobs Report More Politics Than Economics – Ep. 185


* What a difference a week makes, or maybe and economic report
* The two big reports that everybody seems to focus on are the GDP numbers and the jobs numbers
* It seems that the weaker the economy is, as measured by GDP, the more jobs, somehow, the economy seems to create
* We got the jobs report for July and just a week earlier we got Q2 GDP
* As I spoke about on the last podcast, that number was basically half of what Wall Street had been anticipating - less than half
* They were looking for 2.4 or 2.6 and we got 1.2
* Even worse, we went back and revised down the prior 2 quarters to below 1%
* That very weak number caused people to talk about the fact that the Fed can't raise rates, the economy is weaker than we thought, are we slipping back into recession?...
* Now fast forward a week, and we get a Non-Farm Payroll report that is higher than anticipated and now all of a sudden people are starting to talk about September rate hikes again
* Obviously, withe the stock market on Friday rising to a new record high, I doubt the equity traders actually believe that Friday's jobs report is going to produce a rate hike
* Yet it doesn't stop all the financial journalists writing about how this confirms that the recovery is on track, and the Fed can raise rates
* This jobs report doesn't confirm anything
Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

Jaksot(1094)

Elon Musk Blows the Whistle - Ep 1030

Elon Musk Blows the Whistle - Ep 1030

Trump's economic policies, explores the weak labor market, and warns of impending inflationary pressures.Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.c...

9 Kesä 202557min

Gold Bull In a Bitcoin Conference - Ep 1029

Gold Bull In a Bitcoin Conference - Ep 1029

Peter Schiff discusses his experiences at the Bitcoin 2025 conference, recent market trends, and critiques various economic policies, emphasizing the importance of prudent investment strategies and sk...

2 Kesä 202553min

The Sell America Trade Gathers Momentum - Ep 1028

The Sell America Trade Gathers Momentum - Ep 1028

Peter Schiff discusses recent financial market turmoil, significant growth in precious metals, and critiques Trump's policies and actions.This episode is sponsored by Square. Get up to $200 off Square...

26 Touko 20251h 12min

Trade Truce Puts Budget Deficits In Focus - Ep 1027

Trade Truce Puts Budget Deficits In Focus - Ep 1027

Peter Schiff analyzes the stock market relief rally, criticizes Trump's trade policies and tariffs, and argues that the new tax bill and economic issues are not being properly addressed.This episode i...

16 Touko 20251h 1min

Another Fake Trump Trade Win - Ep 1026

Another Fake Trump Trade Win - Ep 1026

Peter Schiff rebukes Wall Street's false triumph over a China trade deal, dissects Trump's failed tariffs, and criticizes misguided drug pricing policies and questionable gifts from foreign nations.Si...

13 Touko 20251h 4min

Trump's Tariffs Will Make China Great Again - Ep 1025

Trump's Tariffs Will Make China Great Again - Ep 1025

Peter Schiff analyzes the Federal Reserve's unchanged rates, critiques Trump's economic claims, and predicts the fallout from current trade policies.Sponsored by NetSuite. Download the CFO’s Guide to ...

8 Touko 20251h 4min

Stocks Soar on Trade War De-Escalation Hopes - Ep 1024

Stocks Soar on Trade War De-Escalation Hopes - Ep 1024

Peter Schiff critiques the April stock market rally, U.S.-China trade war optimism, misleading economic indicators, and the ethical implications of the 'Executive Branch' social club.Sponsored by Stas...

3 Touko 20251h 6min

America’s Trade Problems Are Made in the U.S.A. - Ep 2023

America’s Trade Problems Are Made in the U.S.A. - Ep 2023

Peter Schiff critiques Trump's market manipulations, discusses gold and Bitcoin's movements, and highlights economic weaknesses, suggesting gold mining stocks as a superior investment strategy.This ep...

28 Huhti 202558min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
rss-rahapodi
ostan-asuntoja-podcast
herrasmieshakkerit
rss-lahtijat
rss-neuvottelija-sami-miettinen
oppimisen-psykologia
rss-h-asselmoilanen
rahapuhetta
io-techin-tekniikkapodcast
pomojen-suusta
taloudellinen-mielenrauha
rss-bisnesta-bebeja
rss-rahataito-podcast
rss-laakispodi
rss-startup-ministerio
rss-doulapodi
rss-yrittajat-ymparillani