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Job openings, hires, Manufacturers orders, real estate lending

Summary:
Continues to look to me to like the increased government deficit from the rate hikes, at the macro level, continues to support output and employment and is not triggering a recession as feared? Still a very high number- well above pre-Covid levels: Back to pre-Covid trend line: A slight decline for the month but still trending higher. No sign of recession here: The rate of growth of bank real estate lending continues to increase since the rate hikes were initiated:

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Continues to look to me to like the increased government deficit from the rate hikes, at the macro level, continues to support output and employment and is not triggering a recession as feared?
Still a very high number- well above pre-Covid levels:

Job openings, hires, Manufacturers orders, real estate lending

Back to pre-Covid trend line:

Job openings, hires, Manufacturers orders, real estate lending

A slight decline for the month but still trending higher. No sign of recession here:

Job openings, hires, Manufacturers orders, real estate lending

The rate of growth of bank real estate lending continues to increase since the rate hikes were initiated:

Job openings, hires, Manufacturers orders, real estate lending

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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