On this episode of The Rate Guy, we tackle the unexpected fallout from last week's April Fools' joke podcast/newsletter that sent rates soaring. IT WAS A JOKE, PEOPLE!

We'll dissect recent labor market reports, if Bloomberg Chief U.S. Economist Anna Wong could be right about the high end of unemployment, the impact of fiscal stimulus, and what the Beveridge Curve tells us about job openings versus unemployment. We explore Fed Chair Powell's latest comments, the role of immigration and part-time work in today's economy, and the looming question: Is the current economic strength sustainable or just a sugar rush from stimulus spending?

To check out the graphs referenced, read the Pensford Newsletter.