$ASR
64,000 non-farm jobs are actually a 'data scam'? Powell directly exposes the truth, the dollar collapses, forcing global funds to flow into the crypto market!
The 'false warming' of U.S. non-farm data for November is being punctured! On the surface, the addition of 64,000 jobs exceeds expectations, but in reality, it is a remedial correction after the policy unemployment in October. Powell even directly admitted: official data overestimates by 60,000 each month, and real employment may have fallen into negative growth!
The data contradictions have long concealed the mysteries: official non-farm data and ADP private data are seriously diverging, with the latter showing a continuous reduction in job positions; despite the shiny U3 unemployment rate of 4.6%, the U6 indicator, which includes hidden unemployment, has soared to 8.7%, with millions of Americans forced to rely on part-time jobs to make ends meet. After removing the fluff, the U.S. job market is fundamentally 'barely standing,' and the risk of economic recession is tightening step by step.
The Federal Reserve is caught in a dilemma: the data superficially supports a hawkish stance, but the rising unemployment rate and deteriorating employment structure force a loosening; currently, the probability of a rate cut in December has soared to 89.4%. The dollar has taken the opportunity to hit a multi-year low, and global capital has begun a great migration, with the crypto market responding first—Bitcoin rebounding above $87,000, and assets like BNB and XRP also strengthening simultaneously.
Behind this fog of employment data is a reshuffling of global asset allocation. The weakness of the dollar provides room for maneuver for emerging markets and digital assets, while the Fed's policy oscillation has further increased the volatility of the crypto market, with trading volumes often surging by 200%-300% within minutes after the non-farm data is released.
As the cracks in the U.S. economy become apparent, funds are voting with their feet. Do you think the Fed's rate cut will ignite a new round of trends in the crypto market? Will BTC and BNB become the core choices for capital hedging?
