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US economy adds 339,000 jobs in May, crushing expectations

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  • @Lewis. Big smile!
  • beebee
    edited June 2023
    Regarding Jobs & Inflation:

    Are we Re-shoring inflation as we re-shore jobs? Very different set of dynamics this decade (since COVID).

    Prior to 2020:
    Some inflation could be exported to the developing world. A portion of US inflation was offset by imports. In a sense, low paying jobs overseas produced products that they could sell to the US in exchange for treasuries.

    Foreign countries would purchase treasuries in exchange for imported goods. Holding US treasuries allows the foreign country the ability to control inflation in their country. Win-win with regard to inflation.

    What will this “inflation trade” look like going forward?
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