RCL reported Q3’23 today and impressed with 16.5% yield (vs 13.5-14% guidance) and $3.85 EPS (vs $3.38-3.48), driven by their focus on controlling costs. Second, we didn’t have record government and consumer debt. First, the country was not this divisive. Having lived through Depression 2.0 in 2008, here are the three major differences between 2008 an 2023. My prediction: Fed will raise interest rates in November and once more in 2024. PAYROLLS were up far less than expected, a possible sign that hiring is slowing.

Media: Economy is resilient! Me: Those are people forced back into the job market due to two years of historic inflation. Media: Economy is booming! Millions are unemployed but feel these jobs are “beneath them.” Senior level jobs ($100,000+) dropped 80% in the April/May timeframe. OPEN JOBS are mostly entry level and low paying service roles…which is why they are open, sometimes for months.

Hiring Update – Open jobs soared from 8:9MM in August to 9.6MM in September, new hires surged to 336,000 (expectation was 170,000) and payrolls rose 89,000 (expectation was160,000).

Boyd gaming valley forge casino