‘Labor Market Adds 236,000 Jobs in March — Lowest Since 2020 — As Economists Worry Recession May Be ‘Underway Now’’:
Yellen at the Moon
‘You can buy all the life insurance you want; you’ll still die.’
Free Money!
The point we were making yesterday was that no matter how much life insurance you buy…you will still die.
Cats on Fire
‘Why do fools fall in love?
‘Why do birds sing so gay
‘And lovers await the break of day
‘Why do they fall in love’
Seeking Alphas
‘Birds do it, bees do it
‘Even educated fleas do it
‘Let’s do it, let’s fall in love’
The Untamed Future
When we left you on Friday, we were describing how the theories of Richard Lachmann suggested that there may be a way to avoid the coming catastrophe.
Middle-Class Blues
Uh oh. More bad news for the middle class. Fortune: ‘National home prices fall for the seventh straight month’:
Crossing the Calchaqui
‘I was thinking maybe instead of building houses, we could live in tepees because it’s better in a lot of ways.’
Time to ‘STFB’?
‘How did this happen?’
That Sinking Feeling
The Fed raised rates by 25 basis points (0.25%). In the morning, investors thought they saw Janet Yellen at work. But by the afternoon they were sure it was Paul Volcker, raised from the dead, and sneaking back into the Fed.
