Hello, fellow global capital. I hope you're well. So I have to talk about last week's jobs

numbers. The labor market is deteriorating fast. I did a video on this, but the internet cut out.

So I had to take it down. So now let's do a better deep dive on this topic because it deserves all of our attention.

You guys know from watching my videos.

The key component as to whether or not we are in a recession, headed for a recession,

or we're going to be able to avoid a recession, is the labor market.

And I was just talking about this on another video where at the end of the day,

what really matters is what the market thinks. It doesn't really matter what you think. Because 99%

of the people on this chat right now would probably say, all right, 75% of Americans feel like it's a

recession. For them, it is. And unfortunately, the market

really doesn't care about that. But what the market does care about is the NBER coming out and

announcing it, even if it's after the fact. And we know that the NBER's decision making process

heavily, heavily revolves around the labor market and especially

non-farm payrolls going negative. So let's go into the BLS report specifically. Now, I'm sure

many of you have heard that it was all about the revisions, all about the

revisions.

And it is true.

It was all, well, not all of it was about the revisions, but this was the story of the day.

But what they didn't go into is how these revisions compare to other times in history, such

as the surveysus sickness and the GFC.

And like we said in the title or the thumbnail, this is worse than the GFC.

That was not clickbait.

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