The Importance of Jobless Claims in a Recession

Jobless claims up 22.1% year over year in the weekly data set, totally unprecedented outside of recessions or just prior to a recession taking place. Inverted treasury yield curve of collapse and money supply growth, which by the way, probably is going to be ongoing. If you're watching the commercial bank deposit data every week, it's collapsing. And so in that environment, do you really want to make aggressive bets for soft landings or no landings?