Here It Comes (I Tried To Warn You)

by Karl Denninger, Market Ticker: Oh boy….. so much for the various “ESG” and similar things… Nonfarm business sector labor productivity decreased 7.5 percent in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.4 percent and hours worked increased 5.5 percent. This is the largest decline in quarterly productivity since […]