There’s an old saying that the reason some people bash their heads against the wall is because it feels so good when they stop. Many economists would see last week’s trade news in the same light, judging that Brexit, the threatened abandonment of NAFTA and the trade war with China were all populist-driven negatives for the global economy.
December 6, 2021
JP Morgan Asset Management
Despite a disappointing gain in non-farm payrolls in November, numerous recent data points show an extraordinary excess demand for workers. This excess demand won’t persist forever. However, it’s important to…