Today's animal spirits is brought to you by our friends at Y-charts. Michael, I like the economic data on Y-charts

I do this a lot. I like putting two sets of data on there seeing how the trend is

So I got one here US job openings total non-farm

What do you think the farm payroll numbers are? How can we never hear those? It's always non-farm

How about this could we just say total payrolls and we all just understand that there's no farming stuff in here

I don't even understand. What is the origin of this? How many farm jobs are there?

This has to go back to a long time ago and people looked at the farm. Okay, so total job openings total non-farm

11.6 million call it. That's how many job openings are on the country right now

Total unemployed persons in the US 5.9 million the gap here is just

Ridiculous how big it is now

We're gonna talk today on the show about

Could this be a recession as the Fed trying to push us there making us walk the plank here

I know that these two numbers could diverge in a hurry or come back together in a hurry

Where job openings just fall for cliff, but if this happens this is going to be the weirdest recession ever

If we go into some sort of minor recession and I think if you take off the table some weird exogenous shock

If we go into recession, it'll be a pretty minor one. That's my look at the things. This is gonna be a really bizarre recession

Yes

Not good if it happens

Anyway, you want to check out some of the economic data on white charts

Go to them tell them that animal spirits are the compounds sent to you 20% off your new subscription

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