This place goes to shit when JBL is gone for a few days.

Let me tell you, I am running ragged over here.

I'm trying to write a newsletter, I'm hosting podcasts, and,

luff.

Hello everyone and welcome to the secret

podcast I'm Sarah Longwell sitting in for my buddy JVL but I'm here with my other

best friend my old friend Timothy Miller This was such a terrible week for JVL to be out for JVL because there's a lot of like good JVL fodder in the news.

We got up this morning, we got another more than 300,000 jobs added to an

already hot job market with low unemployment wages are now outpacing inflation and so I think you know we

did a little bit of JVL is you know right a lot stuff on on the next level this week but this is there's so little

JVL's kind of wrong sometimes well they know JVO can overstate yeah can overstate

but I do think I do think his just like general and nobody has fought with him more than I have about how early he decided that everything was fine and people were stupid.

But the reality has caught up, I think, with a lot of his angst about this.

And it's going to, it's good for Joe Biden to have a strong economy.

I there's just sort of no two ways about it and I think that it's the thing about the jobs report that is I think

interesting and important is the level of confidence in the stability of the economy is sort of what the

Fed's going to need to lower interest rates, right? And so and then lowering

interest rates, which I think is probably going to be, I don't know if you have a

thought on this, just like slightly politically complicated for them because they don't, they're

very fiercely independent and don't want to be looked upon as interfering politically or helping

Joe Biden by lowering interest rates, but it will invariably help Joe Biden to have interest rates lowered.

Yeah, I mean barring another round of inflation coming, you know, I'm not a macroeconomist, right?

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