August 2, 2024 – The most recent data shows unemployment rising with a sharp slowdown in the pace of hiring. After this week's market wrap-up, Financial Sense Newshour speaks with Jim Welsh at Macro Tides to discuss the latest jobs number rattling the markets and what he believes is the most likely scenario for the economy and US stock market from here. Jim explains why the 'Sahm Rule' is getting a lot of attention right now in the financial and economic community for its historical reliability in predicting a recession, where we're seeing negative recessions, and, lastly, his big picture thoughts on a potential disaster that may take place in the political sphere that could have meaningful implications for the future of the United States.
Mentioned in today's show: August Macro Tides (pdf)
