Rosenberg Sees Supply Side Constraint to the Labor Market

The video discusses the impact of recent labor reports on financial markets, focusing on supply side constraints and wage increases. It highlights the stickiness of wages and their influence on inflationary expectations. The discussion also covers market reactions and expectations regarding monetary policy and tapering, concluding that current reports do not significantly alter these expectations.

In what ways have average hourly earnings figures been distorted, and what is the significance of the recent increases?

What does the text suggest about the future trajectory of monetary policy and tapering?