Job Growth Stalls as Dollar Plummets

The ADP jobs survey shows that almost no jobs were recovered in the month of July, signalling that the recovery from the pandemic and lockdowns is sure to be slow and excruciating, even slower than the post 2008 recovery in my view. Additionally, the dollar is weakening abroad, which presents a whole new set of problems.

https://www.cnbc.com/2020/08/05/adp-private-payroll-growth-at-167000-in-july-well-below-expectations.html
https://www.zerohedge.com/markets/futures-jump-gold-soars-dollar-destruction-accelerates