Breaking: Payrolls Revised Lowest Ever
What this means:
* Powell should cut 50bps
* Trump wasnt crazy this mornig when he said Powell should cut 75bps.
* Zero jobs for biden in his last 15 months or so
* Powell is LATE cutting after swearing by BLS data
Aug 25th: Our coverage and confirmation of the Goldman and BNY and ZH opinions
Sep 4th: Standard Charter’s rationale for a 50bp cut
Sep 3: SC’s Full analysis of why it should happen (Founders)
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The skinny
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