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Peter St Onge

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Former professor, ex-bartender. Explaining economics like a normal person. The stories behind the headlines at profstonge.com
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Articles

The No-hire, No-fire AI Economy

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By Peter St Onge
| SGT Report
by Peter St Onge, ProfStOnge: The economy is booming. But nobody’s hiring. Is creating jobs a lost art from a far-gone age? Last week the Atlanta Fed put third-quarter growth at a sizzling 3 and a half percent. Yet September added just 29,000 jobs — basically flat in an economy of 163 million jobs. Traders on kalshi forecast an almost as bad 70,000 this month — less than population growth. In a sizzling economy.
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The No-hire, No-fire AI Economy

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By Peter St Onge
| Substack
The economy is booming. But nobody’s hiring. Is creating jobs a lost art from a far-gone age? Last week the Atlanta Fed put third-quarter growth at a sizzling 3 and a half percent. Yet September added just 29,000 jobs -- basically flat in an economy of 163 million jobs. Traders on kalshi forecast an almost as bad 70,000 this month -- less than population growth. In a sizzling economy. The puzzle is unemployment is actually low at 4.2%, where it’s been for pretty much a year and a half.
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A Bond Crash Could Wipe Out Trillions

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By Peter St Onge
| SGT Report
by Peter St Onge, Prof St Onge: Will bonds crash stocks, spark a banking crisis, and send us into a recession that could cost millions of jobs? Is it time to stock up on cat food. Across the West, bond yields are soaring — meaning bond prices are crashing — from a combination of runaway government deficits and inflation. Now you may not care about bonds, but bonds certainly care about you. TRUTH LIVES on at https://sgtreport.tv/ Because soaring yields can tank stocks — and gold.
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