John Rubino – The Issue Of Rising Interest Rates, The Truth Behind The Strong Jobs Data
John Rubino joins us today to discuss the rise in interest rates and last Friday’s strong US job data.
While we continue to hear about how strong the US economy is and markets at all time highs John sees a much bigger problem brewing with rates moving higher. This of course ties into central bank policy and the recent “higher for longer” narrative out of Jerome Powell.
On the jobs data front, John is not believing the headline number from Friday. He outlines a few factors that tell him the job market is not nearly as strong as the number would suggest.