Every Time This Happens, It Leads to High Unemployment

Last week, the markets and the media melted down over well-founded recession fear. This week, in the aftermath, everyone will say it was all overblown. That's just normal. Meanwhile, the actual recession continues to progress and the data keeps showing momentum is all on that side. This includes yet another signal strongly correlated with unemployment. If that wasn't enough, yet more warnings from leisure and travel companies. Eurodollar University's Money & Macro AnalysisCNBC Everyone is talking about the Sahm recession indicator.https://www.cnbc.com/2024/08/05/recession-what-is-the-sahm-rule-and-why-is-everyone-talking-about-it.htmlCNBC Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demandhttps://www.cnbc.com/2024/08/06/airbnb-shares-drop-14percent-on-earnings-miss-as-company-warns-of-slowing-us-demand.htmlCNBC Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenuehttps://www.cnbc.com/2024/07/25/southwest-airlines-luv-earnings-q2-2024.htmlBloomberg Delta’s Disappointing Outlook Sends Warning on Summer Travelhttps://www.bloomberg.com/news/articles/2024-07-11/delta-s-outlook-misses-estimates-as-carriers-slash-summer-fareshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU