Every Time This Happens, It Leads to High Unemployment

Last week, the markets and the media melted down over well-founded recession fear. This week, in the aftermath, everyone will say it was all overblown. That's just normal. Meanwhile, the actual recession continues to progress and the data keeps showing momentum is all on that side. This includes yet another signal strongly correlated with unemployment. If that wasn't enough, yet more warnings from leisure and travel companies.

Eurodollar University's Money & Macro Analysis

CNBC Everyone is talking about the Sahm recession indicator.

CNBC Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

CNBC Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue

Bloomberg Delta’s Disappointing Outlook Sends Warning on Summer Travel

[CharlieNelson]

I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?

[Muriel-]

I can't believe how often this happens. Every time the market takes a dive, it feels like we're right back to square one with unemployment. It's like Groundhog Day.

[peteredwards]

Every time I got fired, unemployment went up

[cheaplaughkennedy]

I’m so broke, I can’t even pay attention.

[PatamaGomutbutra]

The best thing FED should do is let the recession or even depression happen as naturally it would be. This will reset dangerous asset bubbles for long term sustainibility.

[jalvarez]

I have seen many of these videos from many different people, but this guy did the best way to explain why we're screwed. Following

[SamOaks]

Many people were laid off with pay for 2-4 months. Unemployment is gonna go up in 1-3 months.

[Greg_Chase]

We live in an upscale area with a very upscale Walmart. I've been in Walmarts in other states that were 100% not upscale. When we moved here in 2017, I couldn't believe how upscale this Walmart was - I'd never seen one so nice.

Well, our family stopped shopping (for anything) at this 'Super Walmart' - it has turned into a zoo.

There are too many people in the store, all the time now, and store staff apparently was never trained for the chronic high traffic.
The store staff is rude, hostile, short-tempered, and not even store managers have any courtesy left. They are overwhelmed.
"Polite, professional, positive" is gone from the staff.

(This is not in the northeast by the way).

We now do 100% of our shopping elsewhere - the lines are quite short where we shop now; store staff is courteous because they're not chronically overwhelmed with crowds of people. It's worth paying slightly higher prices.

I saw Ms. Sahm today on one of the finance shows, and when she could not say 'recession is here' and 'the interest rate reduction will take a long time to help and needs to be done now', what popped into my thoughts was: "Election year"

The theme parks (of which there are many) in our metro area have seen substantial drops in visitors also. We're in a recession.
.

[jackwalsh]

Recession momentum is so bad,
We're heading for financial hell in a hand basket. Hang on.

[rohittzrajbongshi]

Versidium's making moves. Glad to be part of it!

[NikulBhati-fx]

Versidium's innovation is unmatched. Eye on the prize!

[radekhruby]

Damn, you are the smartest homeless person I know

[matthewbrook]

I studied construction at University and construction spending and projects is a 6 months ahead leading indicator of economic downturns although it used to be until 1990.

[rxurph]

So how do you position yourself? Perhaps some solutions are better

[clipmaster]

Prices go up, these guys cry and fear monger, prices go down, the same people cry and fear monger.

[mega]

Claudia Sahm is making the classic mistake of violating your own rules and indicators. In trading thats a ticking time bomb.

[Sudiptadas]

Versidium's strategy is on point. Big potential!

[skillzlife]

Feel like we've gotten wayy more micro economy than this acct was before. Good info but I much prefer stuff on the Macro, Eurodollar/global monetary system. Lots of great people to interview, More important things to talk about Imo

[stephensuter]

Very educational and informative! Thank you!

[curioussand]

My credit card is glowing thanks to the FED's support of the stock market. My portfolio multiplied allowing me to cash in on some of it and get rich without actually doing any useful work.