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It’s Not Going to be a Dull Day

Former Japanese Prime Minister Abe has been assassinated. The European efforts to support a US backed war against Russia is faltering.

Now this pops up on Coinbase’s status page this morning just days after Voyager goes tits up:

Nothing to see here, I’m sure.

And at 0830 Eastern Time the world gets the much overblown employment report for June which will probably show a gain of around 325,000 fictional jobs created in the bowels of the BLS by the statisticians.

My take on the report today is as follows:

Pay attention to hours worked and wage gains. The Fed is terrified of a price-wage spiral and this data will probably add more confirmation to what most of us already know.

In other words, BOHICA.

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