Following the FOMC's schizophrenic minutes, we thought it topical to look at how history has treated divergences between a lagging jobs market and a leading indicator (new orders) of the real economy. It appears that since the debt super-cycle began, the real economy has downshifted before the jobs market with CEOs finally giving in to slowing growth and laying people off soon after... of course, this time could be different - as we are sure to be told...
[2]
What exactly will the Fed do if jobs begin to deteriorate again? Print moar? Perhaps that is why WTI was crushed today?