Average work week hours collapsing — screaming recession.

This Fed is completely detached from reality. Market weakness is already baked in. They’re driving blind!

Average Hourly Work Week.

Leading Indicator!!!

Only time lower GFC!

Powell said today the labor market showed no signs of weakness.

FFR = 4.33% and Fed still doing QT!!

r*=2.75%

Powell’s Fed is living in an alternate universe. pic.twitter.com/28TVX2tnsv

— James E. Thorne (@DrJStrategy) March 7, 2025

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