If the U.S. Economy is really the strongest in history, why is the service sector growing at its slowest pace in 2 years, factory orders near a 3-year low, and small business employment collapsing at its fastest pace in over 9 years?
Jul 8, 2019
Markets: Gold, U.S. Dollar
Gold and the U.S. Dollar are over-reacting to June's jobs number that can easily be revised lower.
The economy is slowing and job losses are typically the caboose not the engine of the recession train. The Federal Reserve will cut interest rates, it will not prevent recession, but it will boost inflation!
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