BLOOMBERG Bloomberg Real Yield July 7, 2017
Job growth, labor force participation, it is a solid report. We need more americans back to work. Some are opting not to join the labor force and it is important that we make it attractive for them to join the labor force. You are talking about another 222,000 jobs, the moving average 194,000 jobs. It is almost inconceivable. Wages and price pressures will eventually show up, so it will not bring the bond yields down very much and it will not calm the fed beyond a short amount of time because if we are really doing 200,000 jobs, i think they are still going to face inflation pressures. Despite...