Heterodox
– by New Deal democrat Angry Bear PM Take: It would seem like Fed Chair Powell feels good about the progress. The theme of the JOLTS report for June was “continued deceleration,” but no particular cause for concern. As we’ll see below, that’s because the “bad” metrics declined just as much as the “good” ones did. To start with, job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling...
Read More »Deceleration All Around (including the bad stuff)
