HEADS UP - Lumber Is Proof Of A Crashing Economy...

Long Term Unemployment = Jay Powell’s Unexpected Weakening = Recessions

It was in his May FOMC presser that he said that an ‘unexpected weakening’ of the labour market could cause the Fed to change course.

Two months on he’s got one.

Long term unemployment, defined by being… pic.twitter.com/4TgxSrznMP

— PPG (@PPGMacro) July 10, 2024

See also The “Godzilla El Niño” That Has Now Begun Could Do Trillions Of Dollars Of Damage To The Global Economy

See also China's debt ratio went from 90.4% to 99.2% in one year. GDP grew only about 5%. So debt is piling up almost twice as fast as the economy is growing.