Hello fellow rebel capitals hope you're well.

So the jobs markets, the jobs numbers, shocked the markets.

My goodness gracious, did you see that?

What the number actually was today for the establishment survey.

And what happened to the unemployment rate?

I mean, this is huge news.

And more importantly, how did this impact asset prices, such as gold, the dollar, which

made big moves today for sure, especially the dollar.

And then we've got to talk about inflation expectations soaring.

And what does this mean about 2025?

And have we seen the expectations for inflation soar like this in the past? Or is this completely unprecedented?

We're going to discuss that right now.

Let's get into the first story of the day, and that is the

jobs numbers. My goodness, gracious, go right over to Zero Hedge. And the expectation, I believe,

was for about $165,000. And it just smashed through that level.

And it was $256, $256 for December.

So title of this article, scorching hot December jobs, U.S.

unexpectedly adds massive $256,000 in December. As unemployment rate drops,

it went down from 4.2 to 4.1. Still triggered in the SOM rule, but we're seeing a little noise there.

I mean, for me, I've got to ask, and I constantly ask myself the question, is the base case about the recession wrong?

Or what would need to happen in order for me to change my mind?

And we talk about that frequently as far as what's happening with interest rates, long end of the curve versus the short end of the curve, the bull

...