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Date Posted: 7:22:47 12/24/22 Sat
Author: Jasper
Subject: TGR looks back on 2022

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The snow-job labor implosion
The biggest implosion surprise of the year (for many) came when job market imploded in a single day … at least from what people believed the truth was about jobs to what was revealed … but few there are who have accepted the Fed’s revelation. As mentioned in an earlier article, while the government reported something like 2.5-million jobs were created from March to the present, as it sang all year about the astoundingly merry jobs market, it turned out the real number was about 12,000, which on the scale of the US job market, is virtually nothing at all.

That’s right: no jobs added from March to the present.

Since 2.5-million would have been a good year, 12k was an overnight implosion of realization (if you got the very hushed memo); yet, the Fed is telling you it wants to tighten down on that considerably more. That ought to drive us deeper into the snow bank and possibly even send inflation back up for an unbridled stagflation recession if the further reduction in jobs further reduces production (thereby further increasing shortages) faster than the Fed’s reduction in money supply takes the pressure off prices. (Remember, the recipe for hot inflation is too much money chasing too few goods.)

https://thegreatrecession.info/blog/2022-the-year-that-imploded-abbridged/

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