Flat Beveridge strikes again. You know the drill. We’ve been stuck in forgot how to grow and its no-hire/no-fire labor market the past few years. That began to change last year, especially last summer when no-hiring somehow got to be even less hiring. Then last year and this year, no-firing became some firing, in other words, shifting to the flat part of the Beveridge curve. But what we’ve been getting more recently looks to be an escalation in firing. Verizon just announced it may be cutting 15% of its 100,000 strong workforce. Eurodollar University's Money & Macro Analysis --------------------------------------------------------------------------------------------------------------------- What if your gold could actually pay you every month… in MORE gold? That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month. Check it out here: https://monetary-metals.com/snider --------------------------------------------------------------------------------------------------------------------- Texas Service Sector Outlook Survey https://www.dallasfed.org/research/surveys/tssos/2025/2510#tab-report Bloomberg Verizon Eyes Up to 15,000 Layoffs as New CEO Takes Charge https://www.bloomberg.com/news/articles/2025-11-13/verizon-layoffs-could-come-next-week-as-new-ceo-takes-charge CNBC White House says October jobs and inflation data may never be released because of the shutdown https://www.cnbc.com/2025/11/12/white-house-october-data-release.html Bloomberg Fed’s Perli Says Won’t Be Long Before Fed Starts Buying Assets https://www.bloomberg.com/news/articles/2025-11-12/fed-s-perli-says-won-t-be-long-before-fed-starts-buying-assets https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
