The Job Market Is Crashing And The Fed Must CUT BIG

The latest jobs report was a total DISASTER. The U.S. economy added just 22,000 jobs in August. Blue-collar growth has stalled, construction and manufacturing are bleeding jobs, and white-collar layoffs are spreading. The Fed should have started cutting rates months ago, but now they’re trapped behind the curve AGAIN. In this episode, I explain why the labor market collapse means the Fed can’t play small ball — they need a drastic cut, at least 75 or even 100 basis points, to prevent the slowdown from spiraling. 0:00 Intro 0:43 Employment is falling off a cliff 2:16 The Fed needs to act fast and big 4:59 My theory on the "crazy uncle" market we're currently in 7:05 Elon Musk could get a $1 trillion incentive package Listen to From the Desk of Anthony Pompliano on: Apple Podcasts: https://podcasts.apple.com/us/podcast/from-the-desk-of-anthony-pompliano/id1819778503 Spotify: https://open.spotify.com/show/1THAGnR1Xt1WDUn1CCTh1D Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: http://pompletter.com Join 600K+ subscribers on my main channel: https://pompyoutube.com/ Follow Pomp on social media: Twitter: https://twitter.com/APompliano Instagram: https://www.instagram.com/pompglobal/ LinkedIn: https://www.linkedin.com/in/anthonypompliano/ #AnthonyPompliano #FromtheDesk #marketnews