Why did Friday’s jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic. Alain Corbani, portfolio…
Real estate bubble is about to pop, invest here for safety – Scott Rothbort (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/gmHFgSTxkyU With housing becoming more unaffordable in certain areas, mortgage defaults will start to rise, but most of the real estate slowdown will happen in the commercial end, not for residential real estate, said…
We’re returning to the ‘70s era of social decay, crime, and stagflation – Scott Rothbort (Pt. 1/2)
The most dangerous part of the recently released 4.2% headline inflation, the highest since 2008, is the fact that higher labor costs haven’t even kicked in yet, said Scott Rothbort, president of LakeView Asset Management. Rothbort said that the economy…
