You keep using the Unemployment rate for a lot of the analysis. I really have to disagree with this thinking, not just from your point of view but also the Fed and Policy makers. In my opinion this time around I believe that unemployment will continue to stay low because we have lost so many working age adults due to the Covid pandemic. And a lot of those that lost jobs during the massive Covid layoffs have found gig work or other means of making an income and not showing up on the radar. I don’t think we have ever seen these 2 scenarios before. Can you take a deeper dive into this theory.
Great video. Seem you forgot to blur the contents of the new watchlist, or perhaps it was intentional.
Peter,
You keep using the Unemployment rate for a lot of the analysis. I really have to disagree with this thinking, not just from your point of view but also the Fed and Policy makers. In my opinion this time around I believe that unemployment will continue to stay low because we have lost so many working age adults due to the Covid pandemic. And a lot of those that lost jobs during the massive Covid layoffs have found gig work or other means of making an income and not showing up on the radar. I don’t think we have ever seen these 2 scenarios before. Can you take a deeper dive into this theory.
Thanks for all your hard work
Nick L.