Ilyce, you know I love you, but the labor picture defies all the logic about "what a recession is," at least by traditional definition. Yes, Jerome Powell is trying everything to push us into a recession, but you know where's he going to push us first(?) - into Democratic control of Congress, at least one house or or the other. Republican control of both would've been depressing, although we'll see what happens. I'm feeling better about the economy and I'm on pretty much a fixed income now in my old age. I would not have said that in June or July. Love your newsletter and insights. Always.
Thanks for the posts. I look forward to these readings.
Ilyce, you know I love you, but the labor picture defies all the logic about "what a recession is," at least by traditional definition. Yes, Jerome Powell is trying everything to push us into a recession, but you know where's he going to push us first(?) - into Democratic control of Congress, at least one house or or the other. Republican control of both would've been depressing, although we'll see what happens. I'm feeling better about the economy and I'm on pretty much a fixed income now in my old age. I would not have said that in June or July. Love your newsletter and insights. Always.