Figures are playing into the Federal Reserve's hands: today's jobs data and the escalating conflict between Israel and Iran, which is pushing up oil prices, are enabling the Fed to keep interest rates where they are for the time being or even to rhetorically arm itself and hint at rate hikes. That would be the death blow for the eurozone if interest rate spreads widen further here and capital is sucked out of the eurozone. If you take a closer look at the labor market figures from the US, it quickly becomes clear that it is of course capable. Full-time employment is declining, only part-time jobs are being created. In addition, the government is again involved with over 71,000 new jobs, creating artificial growth with printed money. If you look at the inflation rate of 'Trueflation', this rate is currently falling, so there is no danger on this front. The Fed is building up the line of argument in such a way that it pushes the ECB further and further into a corner as it needs rate cyts asap.
21 sats \ 1 reply \ @riberet19 6 Apr
The picture is looking pretty for the elections, I hope Americans don't buy this garbage.
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0 sats \ 0 replies \ @TomK OP 6 Apr
Hope dies last
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21 sats \ 1 reply \ @Undisciplined 5 Apr
Everything's great! Americans have never had so many jobs!
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50 sats \ 0 replies \ @TomK OP 5 Apr
Bidenomics on steroids
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