...lots of questions came up about what types of jobs had been created, whether these jobs were mostly low-paid jobs in the Leisure & Hospitality sector or wherever, and whether “multiple jobholders” inflated those strong jobs numbers. So today, we’ll get into the jobs by industry. As we’ll see in a moment, jobs in retail, and Leisure & Hospitality, and State & Local Government (mostly educators) are still below where they’d been before the pandemic.

Here's a Tweet that caught my eye regarding the "fundamental problem" in China. What about the US and EU?

Banks, especially regional banks, made stupid bets regarding interest rates with deposits and a few went under as a result. There may be serious implications down the road, but for now, the Fed avoided a crisis. Yet, in some ways, this setup is worse. Stagnation will linger as recession or near-recession for a long time.

Euointelligence has an interesting take on why Biden Inflation Reduction Act will fail in its goal to re-industrialize the US.