We are still in unprecedented territory in terms of the gap between vacancies & jobs. I think what that's telling you is we have a long way to go to get inflation down to where the has said it wants it to be.
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Rather, we have a long way to go toward comprehensive immigration reform & raising the birth rate. Millions missing from the labor force. 1 million died of Covid; 2-4 million suffering from "long covid;" 3 million early retirees. It's a demographic issue not an overheating issue!
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Shut down the economy and give millions of 50 and 60 year olds the time to think over their life and…they will think over their life. The demographic issue is paramount and, after near to three years, likely mostly irreversible.
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ICYWW - No one likes you because you are always doom and gloom. Once in a while, if you have good news, you should feel free to opine on that as well.
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Inflation is clearly trending down and GDP has been flat. Why not pause hikes for a while instead of continuing to aggressively raise them into a deep recession?
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Why should low income families work if inflation much higher than pay everyday.?!!?
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I think that data is extremely incorrect in a globalized world.
Ask me how i know...
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Replying to @TOzgokmen and @menlobear
I work for 3rd largest bank in USA.
In past yr we fired 30k people.
In past yr we replaced them with 35000 indian nationals living in india.
We now save 93% on salary and fringe benefits.
With that savings our CEO announced a massive stonk buyback program.
youtube.com/watch?v=hmQhrz
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"We needs millions of people to lose their jobs so the economists and Fed don't lose theirs"
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