So we've returned to full employment, but with unacceptably high inflation. And inflation is bad because it reduces real wages — right? Actually, the facts if you compare the current situation with pre pandemic, are kind of surprising 1/ https://t.co/srO3is9rPq
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US households still have around $1.7 trillion in savings they accumulated through mid-2021 beyond what they would have saved if income and spending had grown in line with the prepandemic economy: Fed. “For now, the consumer is too strong for comfort.” https://t.co/0y5CEjFZ5p https://t.co/bBIyGe5uZ5
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A big week for the global #economy and #markets with: #Fed and @BankOfEngland policy meetings (75 bps hike expected for both); #BoJ minutes; US JOLTS and #jobs report; and Europe Q-3 GDP. Also, keep an eye on grain prices following #Russia's withdrawal from the shipping agreement
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The nation’s personal saving rate was 3.1% in September, down from 3.4% in August. See the long term trend in FRED: https://t.co/lmOHCCtIE6 https://t.co/ym4Lrt6cJv
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In short, there's a pretty good probability that we'll look back on how America handled the pandemic shock, mostly under Biden, and see it as a big success story 6/
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Elon Musk reportedly fired Twitter's top executives “for cause,” and is saying he isn’t required to pay them multimillion-dollar severance packages that had been expected. https://t.co/Ryls57Jv9y
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@nyjets @Patriots So upsetting! What an absolutely dreadful performance by our #Jets ... and against the #Patriots. One silly mistake after another, including some awful interceptions. Come on Jets. Hopefully, the team can regroup and regain focus and momentum. @nyjets @patriots @nfl
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I hope you're having a great weekend, but let me also ask you, how hard are you studying?!?! Retweet this if you promise to be dedicated in your learning and tell me how many hours you've put in this weekend...AND BE HONEST!
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So real wages of nonsupervisory workers actually higher than pre pandemic; real wages overall slightly down, but that's entirely bc of food and energy, driven by forces outside the US. Not the story you've probably heard 4/
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Elon Musk tweets link to unfounded conspiracy theory regarding attack on Pelosi’s husband https://t.co/3LR4mn6gL0
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Bohen’s Weekly Watchlist 📈👀 - 10/30/22 Among the other stocks in his watchlist, @tbohen's focus stock this week is $EPIX! Tim Bohen shares a couple reasons as to why you should watch this stock this coming week! 📊 Full Watchlist: https://t.co/BoetTaLRLu https://t.co/et56haQ7v2
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