Mainstream headlines are fixating on employment figures, but the real story is more nuanced. Current job market softness stems from federal workforce reductions and large-scale migration policy shifts, not broader economic collapse.

However, the actual threat to financial stability sits elsewhere. Expect inflation resurges to dominate the medium term—driven by a spending trajectory that keeps ballooning beyond sustainable levels. When Congress continues appropriating capital at multiples the tax base can support, currency debasement becomes inevitable.

For traders and investors: Watch fiscal deficits closely. That's where the real volatility will come from.