Jobs Report and Health Update
I comment following Friday’s dismal jobs report, and we turn to a healthcare-related update.
August 3, 2025
David Kotok offers insights and analysis on current economic and political issues and their potential impact on global financial markets. David’s articles and financial market commentaries have appeared in The New York Times, The Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV, and Bloomberg Radio, Fox Business, and other media.
I comment following Friday’s dismal jobs report, and we turn to a healthcare-related update.
Yesterday’s tariff announcements will shift the size of the tariff shock yet again.
Readers asked for a way to understand the magnitude of the tariff shock. Here’s one way to think about it.
Grok explains its “Mechahitler”; we compare Joseph Goebbels’ propaganda use of radio and the history of antisemitism.
The Real Effective Exchange Rate (REER) is beginning to reflect US policy now aimed at weakening the dollar.
Fed analyst Bob Eisenbeis weighs the Trump administration’s attacks against an independent Fed and the chances that Trump will try to oust Powell.
Today we compare the pandemic finance paradigm to the war finance paradigm and consider how we are moving from one to another.
How much growth do you get for each unit of additional debt? Let’s ask Barry Bannister.
Amid spirited discussion regarding the weakness of the US dollar, one chart clarifies the size of the USD’s role in the global economy.
Trump is negotiating his tariff objectives with the markets, Drury concludes, offering an excellent assessment of the current economic outlook.
Cutting spending intelligently is not easy. DOGE cuts RAISE disaster risks AS Trump 2.0 spending priorities balloon the deficit.
How do Trump tariffs correlate with the trajectory of the US dollar? Time will clarify.