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The Market Meltdown

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The Market Meltdown
A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on Aug. 5, 2024. Charly Triballeau/AFP via Getty Images
Jeffrey A. Tucker
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Commentary

There wasn’t anything particularly new or earthshaking about the Aug. 2 jobs report. The unemployment rate clicked up a bit, as it was destined to do given the underlying decay that had been unbearably obvious for at least two years. The increase did trigger the so-called Sahm rule and hence forecast a recession.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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