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Rebel Capitalist News

Non Farm Payrolls Just Released (We Haven't Seen This Since 2020)

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 1 November 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

to get in the mainstream media that I think are extremely important.

0:04.2

And then, like we usually do, let's step back, try to look at this from a 30,000 foot level

0:08.8

and determine the probabilities of the labor market continuing to soften into 2025,

0:15.2

what that means for the CPI, headline CPI, what that means for the Fed, interest rates, etc. All right. So let's get into it here.

0:24.7

US economy added 12,000 jobs in October impacted by hurricanes and Boeing strike. So first and foremost,

0:36.2

is this completely a result of the weather

0:39.0

and Boeing strike? Maybe, maybe not. I think, and we're going to get into this when we go over

0:43.6

to Zero Hedge, the real news isn't necessarily the headline number for October. It isn't,

0:51.7

in my opinion, it isn't necessarily the 12,000 jobs. When you're looking at

0:56.4

this through the lens of macro and markets, I think the real news is in the revisions, the

1:03.7

revisions to past months. Because how much of this 12,000 is due to all these anomalies, I don't know. You know, I can only guess.

1:15.4

Now, I do want to give a quick hat tip to the BLS, and I did this on Twitter as well, because as you guys

1:22.2

know, I'm very hard on not just the BLS, but all these government agencies that give us statistics, because I think

1:29.4

they are heavily influenced by the politicians.

1:33.5

Now, that said, whatever political groups in power, if the Republicans were in power,

1:39.5

I would say they're probably influenced by them.

1:41.7

So most of you know from watching my videos

1:44.5

that I, I am an equal opportunity hater of politics, central planners and politicians. I pretty

1:54.8

much dislike them all. It's just a matter of what degree do I dislike them.

2:05.1

And Republicans, Democrats, the lot of them.

2:08.1

They're all megalomaniac psychopas.

2:11.7

They're all the dregs of society, in my view.

...

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