7.2%,

Bulls are misled by GDP, BLS models, and volatile assets like Bitcoin. The real unemployment rate is 7.2%.

This happens in Canada too! — Mothersilverape (@mothersilverape) December 15, 2024 https://twitter.com/j77324/status/1868113104136986809 https://twitter.com/dailyjobcuts/status/1867920697030578185 The labor market continues to weaken, hard to see a rebound in positive momentum at maximum employment. Employment to pop ratio is finally declining, however. pic.twitter.com/jRvCxKqDYI — Don Johnson (@DonMiami3) December 15, 2024 pic.twitter.com/cWReoeN4c2 — Captain Frans Banninck Cocq (@Pricetheory101) December 14, …

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Bidenomics Mortgage Market! Mortgage Rates Now 7.2%, UP 159% Under Maui Joe! (10Y-2Y Yield Curve Collapsed From +100 BPS To -63 BPS)

by confoundedinterest17 Maui Joe Biden received a lot of help from his friends at The Federal Reserve! Thanks to the crippling effects of Bidenomics (Fed easing then tightening to combat inflation caused by insane green spending and a war in Ukraine), US mortgage rates (conforming 30-year) has increased 159%. On the yield curve side, the …

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