Labor’s Turn & Turnover

(1) What do you get when you play country songs backwards? (2) Johnny Paycheck would have voted for Trump. (3) Tighter labor market reflected in higher wages and quits, which are boosting consumer confidence. (4) Earned Income Proxy at record high. (5) Retiring Baby Boomers boosting NILF count. (6) Is the yuan done going down yet? (7) PBOC desperate to hold onto 7.0 yuan/$ and $3.0 trillion reserves. (8) China’s capital controls are latest desperate measures. (9) Trump’s pick of US ambassador to China is BFF of Xi. (10) Movie: “Hidden Figures” (+ +).