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Eurodollar University’s Making Sense; Episode 35; Part 2: This Again

Summary:
———WHERE———   AlhambraTube: https://bit.ly/2Xp3roy Apple: https://apple.co/3czMcWN   Deezer: https://bit.ly/3ndoVPE   iHeart: https://ihr.fm/31jq7cI   TuneIn: http://tun.in/pjT2Z   Castro: https://bit.ly/30DMYza   Google: https://bit.ly/3e2Z48M   Spotify: https://spoti.fi/3arP8mY   Pandora: https://pdora.co/2GQL3Qg   Breaker: https://bit.ly/2CpHAFO   Castbox: https://bit.ly/3fJR5xQ   Podbean: https://bit.ly/2QpaDgh   Stitcher: https://bit.ly/2C1M1GB   Overcast: https://bit.ly/2YyDsLa   PlayerFM: https://bit.ly/3piLtjV   PocketCast: https://pca.st/encarkdt   SoundCloud: https://bit.ly/3l0yFfK   ListenNotes: https://bit.ly/38xY7pb   AmazonMusic: https://amzn.to/2UpEk2P   PodcastAddict: https://bit.ly/2V39Xjr ———WHO———

Topics:
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[email protected] (TrueEconomics) writes 29/11/20: Bubblishiousness

———WHERE———
 
AlhambraTube: https://bit.ly/2Xp3roy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PodcastAddict: https://bit.ly/2V39Xjr

———WHO———

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Art: https://davidparkins.com/

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, addicted to Jolt Cola pop. Artwork by David Parkins.

———WHY———

35.2 Plummeting Unemployment Rate a Mirage (again)
America’s unemployment rate plummeted from 14.7% to 6.9% in six short months! But it’s the same 2010-15 mirage. Even the Federal Reserve doesn’t believe it – that’s why they edited away the idea of “full employment” in August 2020.

———WHEN———

00:05 The Establishment Survey / Payroll Report delivered good HEADLINE news about employment
01:54 The Household Survey produced even better HEADLINE news about the unemployment rate
04:02 The V-shaped recovery of the unemployment rate is a MIRAGE, a feint – just like before
07:11 FRB/US is a large-scale estimated general equilibrium model of the U.S. economy
08:16 FRB/US informed the Yellen Fed in 2015 that full employment had been reached – nope
10:23 The Fed lowered the “full employment” rate a DOZEN times between 2015-19 – bananas!
14:04 Does the Job Openings and Labor Turnover Survey agree with the good unemployment rate?
16:46 Jay Powell is asking for fiscal help – which makes sense – but implies QE isn’t a cure all

———WHAT———

Good Payrolls Still Say Slowdown: https://bit.ly/32GaxaE
Slowdown In The Rebound; Stop Listening To Central Bankers: https://bit.ly/3psbbT1
QE Didn’t JOLT (again): https://bit.ly/2UswUfw
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

 


Jeffrey P. Snider
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP

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