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The ADP Private Sector Employment Survey posted a negative reading for the first time in more than two years, reflecting a drop in service payrolls.  None of the economists surveyed expected this former top tier indicator to post negative jobs growth. The data, however, is not as bad as it appears as the negative reading … Read more

Are the markets beginning to realize fiscal spending and the debt levels are unsustainable?  FRB Chair Powell stated recently “the game was slipping away from him” as longer dated yields surged to 16–17-year highs.