Working For A Living

Unfortunately, the pool of folks that are working for a living is shrinking fast, as evidenced by today's BLSBS report...and it's likely to get worse before it gets better. All of which implies even greater fiscal deficits, fiat creation and debt.

I'm taking what they're giving cuz I'm working for a living. Let's start with a little Huey Lewis. Did you know that Huey had to retire recently because his hearing loss and tinnitus is now so bad that he needed to quit before he lost it entirely? Sucks to get old. Well here's Huey back in the day when all we needed to worry about was...

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing Home Sales
7/24 9:45 ET S&P July flash PMIs
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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