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Joe Weisenthal Profile picture
@TheStalwart
Aug 6, 2021 • 9 tweets • 4 min read • Read on X
Scrolly
BREAKING:

STRONG:

943K new jobs.

Unemployment rate falls to 5.4% (vs. 5.7% expected)

Year over year wage growth comes in at 4%.

bloomberg.com/news/articles/…
Stocks rising pre-market. 10-year also moving higher.

bloomberg.com/news/articles/… Image
NASDAQ-100 futures sliding Image
This type of data is important to keep in mind when inflation data is being debated. Yes, we've definitely seen prices rise at a faster pace than expected. But job creation and wages are still robust, bolstering household incomes. bloomberg.com/news/articles/…
Still a long way to go.
Gold just got rugged Image
Incredible chart from @boes_. Leisure and hospitality workers seeing 6.6% annualized wage growth (on a 24-month basis) Image
@boes_ Again, something to think about when people talk about inflation without context.
@boes_ Motion picture industry 🚀🚀🚀bloomberg.com/graphics/jobs-… Image

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More from @TheStalwart

Joe Weisenthal Profile picture
Jun 3
NEW ODD LOTS:

How Corporations Learned The Maximum Amount They Can Charge For A Product

@tracyalloway and spoke with @ddayen and @owenslindsay1, who have published a special new edition of @TheProspect entirely about the new world of pricing strategies bloomberg.com/news/articles/…
- How companies got better at tailoring prices to you individually
- Price fixing by algorithm
- How every industry got airline-ified
- The booming world of ancillary revenue, and the consultants that teach companies how to max them out
- Trading data for lower prices

++
The whole edition of the magazine is fascinating and varied. And well worth reading in full
Read 4 tweets
Joe Weisenthal Profile picture
May 30
NEW ODD LOTS:

How we got the modern electricity grid. And how nuclear got squeezed out.

@tracyalloway and I talked to @fredstaffordcs and @Matthuber78 about power market structure, and how "small is beautiful"-liberalism set back decarbonization bloomberg.com/news/articles/…
Among the things we talked about:

- The history of utilities in this country, going from public utilities to private, for-profit players.
- Market impediments to nuclear
- The left's renewable energy fetish
- Lessons from the TVA

+ more
Highly recommend reading their @damagemag piece

Or the summary of it here: damagemag.com/2024/04/01/the…
dertaskforce.com/p/guest-post-t…
Read 4 tweets
Joe Weisenthal Profile picture
Apr 12
AMERICA HAS AN ELECTRICAL COMPONENTS CRISIS

@tracyalloway and I talked to @NNNIncome about the ongoing scarcity of switchgears and transformers, and how you have virtually complete buildings going empty because they can't get one critical missing part.

bloomberg.com/news/articles/…
As @NNNIncome explained there are basically five companies that make this gear. And thanks to booming demand (chips, AI, electrification etc.) they're still absolutely slammed.

He ordered a switchgear a year ago, and was just told it'd be another year's wait.
@NNNIncome And in the meantime, he's carrying an entirely completed building (sans-switchgear), financed at some of the highest rates in decades, for another year, meaning a need to roll debt, accumulate more interest etc.
Read 5 tweets
Joe Weisenthal Profile picture
Apr 5
BREAKING:

BOOOOOM. 303K new jobs created. Unemployment rate falls to 3.8%. Prior months revised higher by 22K.

Economists were expecting 214K jobs and a 3.8% unemployment rate.

bloomberg.com/news/live-blog…
2-year yields move higher Image
Labor Force Participation Rate jumps from 62.5% to 62.7%
Read 9 tweets
Joe Weisenthal Profile picture
Dec 8, 2023
BREAKING:

IT'S A BEAT. 199K JOBS. UNEMPLOYMENT RATE FALLS TO 3.7%. LABOR FORCE PARTICIPATION RATE RISES.

Economists had been looking for 185K job gains, and an unemployment rate of 3.9%

bloomberg.com/news/live-blog…
10-year yields are spiking Image
A 4-hand on the unemployment rate would have really set off some alarm bells. The fact that U3 fell, and thus pushes back the triggering of Sahm Rule removes the impulse for immediate rate cuts.
Read 7 tweets
Joe Weisenthal Profile picture
Jun 15, 2023
👁️ 👁️ 👁️

NEW ODD LOTS: It's the most sci-fi episode we've ever done.

@tracyalloway and I talk to @worldcoin CEO @alexblania about the plan to use eyeball scanning orbs to let us prove our humanhood and collect UBI in a world where AI changes everything.
bloomberg.com/news/videos/20…
@tracyalloway @worldcoin @alexblania I've been fascinated by the Worldcoin orb ever since it its inception.

The company was cofounded by @sama, whose work at OpenAI is contributing to the environment where we might feel the need to get their eyeballs scanned, in order to biometrically prove that they're not a bot. Image
On this episode we talked about privacy, the technology, what AI could do to the economy, deepfakes, scams, why they decided to build eyeball scanning orbs, how they constructed them. And much more ImageImage
Read 5 tweets

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