This week jobs, next week inflation for April.
#Inflation will be hot - y/y will easily exceed 3%, could nip at 4%, strongest since 2011.
Some will use the term “stagflation” which was coined in 1973-75 recession to describe ⬆️ inflation & ⬆️ unemployment. That will be wrong.
Covid and TX freeze caused shortages in semiconductors and plastics, higher prices for oil, wood, copper etc, upended shipping and supply chains. Will folks who have been wrong about inflation start saying circumstantial price increases prove them right? https://t.co/PCSJEBgzGl
Global organizations that set corporate reporting standards fail to keep pace with the ESG boom, opening the door to greenwashing and more, according to one such group https://t.co/xYaQbtTVOe via @business
“The difference between whether fossil fuels or renewables are cheapest literally is now down to the interest rate.” — Saul Griffith https://t.co/Ke0RnOQ7Fm
This administration is making operational decisions based on the ideas that well-established EPA science isn't good enough but that conspiracy theories about Ukraine are. https://t.co/8tleFUc6BF
"'climate champions' will benefit from an unprecedented growth to 2030... analysts estimate there may be a need to triple the current capacity of renewable projects" https://t.co/sqfJYDVUhg via @markets
I’ve hired a few people in my time.
I’ve never been disappointed by hiring someone who is less technical but is a great human who cares for others.
I can teach tech pretty easily.
But boy have I seen people who are strong technical people with toxic attitudes destroy a team.
Headline #jobs number of 130K is really 105K when one subtracts the 25K census workers. Private payrolls are down from 131K in July to 96K in August. The 3 month moving average for private payrolls is now below 150k vs above 200k for most of 2018.
#FOMC#recessionwatch