Fed’s Barkin Describes a ‘Low-Hire, Low-Fire’ Economy That Doesn’t Feel Great - SchiffGold.com
Fed’s Barkin Describes a ‘Low-Hire, Low-Fire’ Economy That Doesn’t Feel Great - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
A labour market where nobody hires and nobody fires is not stability — it's firms hoarding workers they don't need because they don't trust the future enough to restructure. Barkin is describing sclerosis dressed up as resilience. When companies stop making personnel decisions because conditions are too uncertain to act, that's not a sign the economy has found equilibrium; it's a sign they're waiting for the shock they know is coming.