Jim Rickards – Twitter, Released on 1/8/23
Here's a reality check on Friday's employment report:
Job creation down 33,000 month over month.
Real wages down 2.5% year-over year.
Average workweek down 0.2% month over month.
Employment data is a lagging indicator. This is more consistent with recession than a "soft landing." pic.twitter.com/LsaijMJlnv
— Jim Rickards (@JamesGRickards) January 8, 2023
Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.