“Let’s talk about something important.”
The good news: No impact from trade wars … yet.
“An excruciatingly tight labor market”?
Wage growth alarm?
ADP: Private sector had a good month too.
“Just down the road …”
Labor force falls.
“What a number. This makes your jaw drop.”
No blowout, but steady.
“Businesses are anticipating a lot of good stuff — tax cuts, less regulation.”
CBS: US economy is “going nowhere fast.”
Fed to hike rates now?
Did we see contraction in Q1?
Small-business hiring cools?
ADP: Economy added 218,000 jobs in July.
But the civilian workforce participation rate still at 36-year low of 62.8%.
Lowest in four months.
Thaw, not warmth.
Manufacturing drops 12,000.
Weekly jobless claims stable.
The only game in town?
“Make a deal with the Devil, don’t cry when he comes for his due.”
“If Mike Pompeo doesn’t run, we don’t have a prayer.”