Just released US jobs numbers for November are reviewed in first half of the show. Not much change from October, with services sector jobs still growing and goods sector jobs slightly declining. Both reflect the US economy growth/no growth condition with manufacturing & construction continuing to contract while services continue to expand. Inflation statistics reflect the same, with goods prices falling (especially gasoline & energy) while key services prices continue to rise around 5%. US economy is stuck in same place last 3 months. Second half of the show addresses Ukraine war as Congress to vote on aid for Ukraine. Prediction is it will provide some token aid BUT only if Biden agrees to demands by Republicans for border wall and money. Dr. Rasmus predicts as well the war in Ukraine is over, in military terms. Fighting will continue but Ukraine has effectively lost. Other topics include strategic significance of Putin’s Mideast tour and recent US polls showing only 28% of US households now approve of Biden’s handling of the economy. (Next week: Latest inflation stats and how presidents become multi-millionaires).
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