Stagflation: High Inflation, Slow Growth, High Unemployment -- November 1, 2022

The term "stagflation" introduced by a Brit. The Brits are hypersensitive to high unemployment; the Americans hypersensitive to high inflation.

September, 2022, numbers: employment in the US continues to surge even as the Fed raises rates to try to kill employments; third-consecutive-75-bp increase in the "Fed rate." Market takes it in stride. 

WTI: up over 2%, trading at $88.37.

Market suggests most investors still concerned about recession.

From CNBC:

As folks know, I prefer U-1, and not U-3 when in periods of recession-anxiety.

Link here.