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Podcast: The Real Estate Espresso Podcast
Episode: Has America Gone Vegetarian?
Description: I predict the next Fed meeting will result in a rate cut. Why is that? Well, because the employment numbers are heavily skewed. In fact, they are also incredibly weak. We previously saw only 12,000 jobs created in the month of October. When you subtract the 40,000 government jobs created, that means the private sector actually lost 28,000 jobs. Not only that, those 40,000 jobs could have been largely associated with the US election which concluded on Nov 5. The work to certify the election continued of course beyond Nov 5. But the election is an event that has a surge in hiring.Â
I...