Karl Denninger explains his skepticism about the recent “healthy” jobs report

Retirement Lifestyle Advocates, Released on 5/13/24

Karl Denninger joins your host Dennis Tubbergen on this week’s Retirement Lifestyle Advocates radio show. Denninger expressed skepticism about the recent healthy jobs report, noting that many of the jobs added were in healthcare and government, sectors that add cost to living but not necessarily betterment. He also pointed out that employment in sectors that benefit everyone, such as mining, manufacturing, and transportation, remained flat. Denninger predicted that the Federal Reserve would likely raise rates, and he expressed concern about the increasing credit card debt and low personal savings rate.

Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker.

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