Between initial unemployment claims falling by 26,000 to 239,000, the most since October 2021, and the final revision of first quarter GDP increasing to a 2% annual Rate, it is almost certain that the Sado-Monetarists at the Federal Reserve will resume their attempts to tank the American economy.
This is in spite of stopping evidence that the inflation is not given by excess demand not increasing wages, but rather by the increased ability of large businesses to raise proceed in the absence of meaningful competition.
Fasten your seatbelts. It’s going to be a bumpy night.
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