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Rebel Capitalist News

News: This Powerful RECESSION Indicator Just Exploded Higher

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 7 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so this recession indicator that

0:05.5

probably won't come as a surprise to a lot of you just exploded higher what I'm talking

0:11.2

about are the jobs numbers. So this has really been the

0:15.4

outlier. We've seen all this bad data coming in but the Central

0:19.3

Planters and the authoritarian sit back and say well it doesn't matter the economy is on fire because

0:26.0

the unemployment rate is low, the labor market is tight, and the jobs numbers are

0:31.6

fantastic.

0:32.8

But we just saw some revisions

0:36.7

that the BLS made to the last few months of the jobs numbers.

0:41.5

And when you combine that with what we're seeing now it paints a

0:44.8

picture that would imply along with the yield curve we're headed straight for

0:49.1

recession so let's check it out this article from Zeroheads jobless claims explode higher after BLS

0:55.8

revisions I didn't see this part the most tech layoffs since 2001 geez in the dot-com bus.

1:04.6

So after ugly ISM employment data, dismal jolts, soaring, warn, notices, not sure what

1:11.8

those are, and a weaker than expected ADP print this morning's

1:16.6

Challenger gray and Christmas report announced a bigger than expected 89,000 job cuts in March.

1:24.0

It's on pace to suppress the highest annual total

1:27.8

for the sector since 2001.

1:30.0

Okay, it goes back to the jobs, or excuse me,

1:32.2

the tech jobs.

1:33.8

And this is really big news because this,

1:37.6

man, for the last nine months,

...

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