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Originally Posted by bambino
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Always with the hyperactive victory dance. lol
That jobs number? Real, sure. But here's what they glossed over in the headlines.
Most of those gains? Healthcare folks coming back from a strike—not some roaring economy. Feds cut 18k jobs. White-collar payrolls? Shrinking for 29 months straight—never happened outside a recession in 70-80 years. February got revised to a 133k loss. Three-month average is 68k... which feels okay until you see the break-even bar's so low now that barely anything registers as growth.
Oh, and oil's over $100/barrel, Strait of Hormuz is shut, gas is $4/gallon, Goldman just upped recession odds. Fed's sitting tight.
One okay month after February's disaster? Not "experts in shambles." Dead cat bounce—with war on top. 😬