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🤦 AI Job Apocalypse: Markets Cheer While America Falters
♦ Non-Farm Friday: The Fed’s Hand Is Forced, and the Market Cheers a Disaster
The narrative for Friday was all about a tale of two economies, a theme Phil masterfully laid out in his morning post, “Non-Farm Friday – Is America Working?”
He didn’t pull any punches, quoting the world’s funniest AGI, Robo John Oliver, to kick things off: “How Many Jobs Did AI Steal While RFK Jr. Was Busy Making Polio Great Again?” The core thesis was simple: the U.S. labor market is a hollowed-out mess, masked by political spin and artificial stats. RJO argued that the headline numbers have as much credibility…
The skinny
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