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I'm just trying to offer some long-term perspective on today's strong employment report.
Welcome to the era of the new normal.
Source Data:
St. Louis Fed: All Employees: Total Nonfarm
Part 2: Current State of the Housing Market; Overview for mid-November 2024
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Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State
of the Housing Market; Overview for mid-November 2024
A brief excerpt:
Yester...
3 hours ago
2 comments:
And here I was getting all excited about how wonderful the jobs situation was...
Fred
Fred,
And here I was getting all excited about how wonderful the jobs situation was...
Are you trying to imply that something I wrote altered your mood in a negative way? I have it on good authority (some random website I know nothing about) that I am not responsible!!!
The Resistance of Over-Excitement
The state of over-excitement is a sign of inner restlessness and instability – this imbalance becomes evident when you notice that the states of over-excitement always create the opposite states of a real downer (depression or frustration) as the next cycle.
See? You got over-excited and now you are experiencing a real downer. Perfectly natural. It's kind of like the business cycle. D'oh! ;)
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