Many experts are growing increasingly concerned about the state of our economy. Mitch Roschelle, the founding partner of Macro Trends Advisors LLC, told Fox that even though many analysts and economists perceived April’s jobs report as positive, our economy is on “shaky footing.” “So for some reason, we have this twisted labor market where there are open jobs and we can’t find people for them, and when you don’t have truly full employment, which we don’t, you don’t really have that strong of an economy, which means we may not be able to weather this inflation storm as well as we hoped to,” he said. Yahoo Finance has also compiled a list of reasons why we’ll likely see a recession before the end of 2023.
Fox Business/Talia Kaplan
US economy on ‘shaky footing,’ investment expert warns
Macro Trends Advisors LLC founding partner Mitch Roschelle warned on Sunday that the U.S. economy is on “shaky footing,” despite what many economists and analysts perceived to be a positive April employment report.
On Friday it was revealed that the U.S. economy saw solid job growth in April, suggesting the labor market is still strong despite headwinds from rising interest rates, soaring inflation, a worsening labor shortage and fears of a slowdown.
Employers added 428,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, beating the 391,000 jobs forecast by Refinitiv economists. It marked the 12th consecutive month that job gains topped 400,000. The unemployment rate, meanwhile, held steady at 3.6%, the lowest level since February 2020.
“What often happens is you look at the headline numbers,” Roschelle told “Fox News Live” on Sunday.
Read the full story, here.
Yahoo Finance/Brian Sozzi
Recession Watch heats up as Fed moves to tamp down inflation: Morning Brief
Sometimes in life, things are blatantly obvious.
You blow a tire after doing 90mph on a highway, and a pitstop to the local tire store is in the cards. Drink 10 cups of coffee before noon, and you’ll probably need to use the bathroom at least twice before 1:00 p.m.
Fall down the stairs, and you’ll likely get scuffed up somewhere.
This fact is why it’s becoming obvious — at least to grizzled finance veterans — that the economy is likely headed into a recession before 2023 ends. There are a few factors underlying this view.
Continue reading, here.
Forensic Analysis of Fed Action on Silver Price
The last few days of trading in silver have been a wild ride.
On Wednesday morning in New York, six hours before the Fed was to announce its interest rate hike, the price of silver began to drop. It went from around $22.65 to a low of $22.25 before recovering about 20 cents.
At 2pm (NY time), the Fed made the announcement. The price had already begun spiking higher for about two minutes.
As an aside, we wonder a bit about how they keep privileged traders from peeking at such announcements before the rest of the world gets to see it. If there was not central planning which ruled our fates with its every edict, this issue would not exist.
You can read the full story, here.