CNBC/Eric Rosenbaum/5-3-2023
“[T]he labor market is still tight, but hiring is cooling quickly and job losses are going up. The yield curve has been flashing recession for quite a while already, and the index of leading economic indicators is having one of its worst runs ever. But the Federal Reserve has a one-track mind at the moment…”
USAGOLD note: The sandpile analogy comes to mind wherein a final grain of sand is all it took to topple the pile.
