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Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since October 2021. The previous two months saw substantial downward revisions. The BLS cut July’s total …
by Mike Shedlock ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown. Importantly, a breakdown of jobs by firm size shows small businesses …
Kamala wants to destroy your right to free speech under The Constitution Elon Musk, RFK Jr., and Tulsi Gabbard are raising concerns of free speech under Kamala Harris. In 2019, Harris vowed to use the DOJ and law enforcement to 'hold social media platforms responsible' for 'misinformation' as part of the 'fight against this threat …
We are heading into a new school year and a season when respiratory viruses like COVID-19 typically spread. Join me live as I brief New Yorkers on how to stay healthy. h/t A Deplorable Neanderthal
by Michael When U.S. consumers are doing well, the U.S. economy does well. But of course the opposite is also true. When U.S. consumers are not doing well, the U.S. economy really suffers. The government has been trying really hard to put a happy face on things, but the truth is that the standard of …
The comments come after the DOJ accused Russia of funding Tenet who then paid conservative influencers for videos. – Source “If we can name a favorite candidate. It used to be Joe Biden, but now he’s not participating in the election campaign, and he recommended all his allies to support Mrs. Harris. So that is what …
https://www.fdic.gov/system/files/2024-09/qbp.pdf Finra, a Wall Street regulator is understating Margin Debt by more than $4 TRILLION dollars, by not counting gigantic Meme Banks who make Margin Loans to Hedge Funds Most market watchers rely on the monthly margin debt figures published by Wall Street’s self-regulator, FINRA, as the reliable gauge in determining how much of securities …
Remember when I warned them that they would inflate prices until they all didn't have jobs? Guess they didn't listen https://t.co/mLaEA8sLw3 — Darth Powell (@VladTheInflator) September 5, 2024 THIS is the right attitude from the housing industry. Lower prices means transactions can get done again https://t.co/RG51mglTp1 — Darth Powell (@VladTheInflator) September 5, 2024 Lower rates …
So Genuine and Authentic! Reporter Points to Hundreds Waiting to Leave Harris Rally in Buses. JUST IN: Kamala Harris had to bus people in from up to four hours away to get them to her rally in Savannah, Georgia. One man said he was bussed in from Atlanta which is about a three and a …
Saw a moderate helicity Hot Tower fire offshore Galveston early this morning. Conditions are conducive for further development: 4000 CAPE and a shear gradient. ICON has this spinning up. Stay tuned for updates. Convection starting to go to town. Looking very interesting. Could catch a lot of people by surprise. Tropical Weather Outlook NWS National …
BREAKING: Elon Musk says he “can’t wait” for a possible role in the Trump administration involving auditing federal agencies to identify programs to cut. “There is a lot of waste and needless regulation in government that needs to go.” BREAKING: Elon Musk says he “can’t wait” for a possible role in the Trump administration involving …
The job openings rate has fallen to 4.55%, just a whisker above the 4.5% rate that Fed Governor Christopher Waller has identified as the tipping point at which unemployment could surge if openings fall any further. Get out of stocks. Now. pic.twitter.com/1qdqibEd05 — Peter Berezin (@PeterBerezinBCA) September 4, 2024 YOU CAN'T MAKE THIS UP: US …
https://twitter.com/SpartaJustice/status/1831445160166879727 Kamala is so fake and inauthentic. This is like a bad sitcom. How can she be this close to the Presidency? pic.twitter.com/BmyTw0TRHF — MAZE (@mazemoore) September 5, 2024 🚨 CBS Boston just CALLED OUT Kamala Harris for bussing in hundreds of people to make it look like she has support This is so freaking …
This yield curve inversion is WORSE than 1929 and 2008 Buckle up pic.twitter.com/u3GEu1woDQ — Bravos Research (@bravosresearch) September 5, 2024 🚨CRASH ALERT🚨 1929 VS 2024 Scary ? Don't be alarmed, it gets much worse. A complete financial cleansing is overdue. pic.twitter.com/Ml8ib4E891 — The Great Martis (@great_martis) September 4, 2024 The difference between Real GDP and …
No matter how hard they try, even the most skeptical analysts can’t help but talk up gold’s price. With the current gold bull run well under way, we turn our attention to silver. How is silver’s price so out of step? When silver does catch up, just how far and how fast will prices surge? …
Authored by Charles Hugh-Smith via oftwominds, Among the big winners of the Everything Bubble is–yes, I know you’re shocked–Wall Street. Is the “Everything Bubble” about to pop? Let’s start with what we’re told: there is no bubble, all the assets soaring to unprecedented heights are reasonably priced at a “permanently high plateau” because of AI, …
Luxury living in L.A. for the homeless. The Weingart Tower in Los Angeles, California, cost approximately $165 million to build, with each unit costing around $600,000: Funding The project was funded by Proposition HHH, which voters approved in 2016 to support housing projects. The state also provided $56 million in tax credits. Amenities The tower …
by zoobazooba I just wanted to rant a bit because we just had a 3rd offer withdrawn because the buyer got “cold feet”. I’m selling an older 1960s starter home (my first house and I’m moving for work) in a market that’s been cooling down a bit, but is very affordable (most houses are under $250k). …
The majority of people who call themselves anti fascist actually have tons of authoritarian policies they support. View post on imgur.com h/t LoneHelldiver
Now would be a good time for the old rug pull. h/t Perfect_Alarm_2141
https://www.sec.gov/newsroom/press-releases/2024-114#:~:text=The%20firms%20admitted%20the%20facts,implementing%20improvements%20to%20their%20compliance TL;DR: Six credit rating agencies charged by SEC for recordkeeping failures. Firms admit wrongdoing and pay over $49 million in penalties. Moody’s, S&P Global, Fitch, HR Ratings, A.M. Best, and Demotech involved. Most firms required to retain compliance consultants. SEC emphasizes importance of recordkeeping for investor protection. BREAKING: The SEC has charged six credit …
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year …
U.S. Construction Spending MOM SAAR pic.twitter.com/4yP9esLhtu — Win Smart, CFA (@WinfieldSmart) September 4, 2024 Construction spending decreasing does NOT bode well for jobs in that sector. Construction is not a small piece of the economy either, and spending in other sectors will be negatively affected by increased unemployment in this sector. Remember, the unemployed don’t …
Semiconductor stocks are leading benchmarks across Asia lower following a drop in US equites after Nvidia Corp. suffered a record-setting $279 billion rout. The US Justice Department sent subpoenas to Nvidia and other companies as it seeks evidence that the chipmaker violated antitrust laws. https://www.bloomberg.com/news/articles/2024-09-03/stock-market-today-dow-s-p-live-updates?embedded-checkout=true Nvidia down 2% in premarket trading after plunge that wiped …
By Martin Armstrong A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50% or higher ratio of uninsured deposits to total deposits. Basically, they simply do not have the hard currency to shell out in …
https://blog.playstation.com/2024/09/03/an-important-update-on-concord/ https://www.msn.com/en-us/news/technology/concord-is-being-shut-down-2-weeks-after-launch-after-it-didn-t-land-the-way-we-d-intended/ar-AA1pVSgO View post on imgur.com h/t dr0id
This may be the most important legislation to pass this election season. Election integrity is everything. Without it, our ability to have valid elections is dead. pic.twitter.com/FwPo13oxyH — Think for Yourself (@PhilipBLee) September 3, 2024 The SAVE Act, or the Safeguard American Voter Eligibility Act, is a legislative proposal aimed at ensuring that only eligible U.S. …
They got the GDP when they built them. Where's the write-off now? China's economic "success" is a paper-thin fraud. It's now catching up with them. https://t.co/PAzckoVhGt — Jim Rickards (@JamesGRickards) September 2, 2024 The property crisis in China continues to weigh down the economy This morning has brought more news on the ongoing Chinese property crash …
by Michael If the ground under your feet is moving “up to 10 inches a week”, that might be a sign that it is time to relocate. What is currently taking place in Rancho Palos Verdes is perhaps the most extreme example of the geophysical instability that is plaguing much of the state of California at …
by confoundedinterest17 Hey Big Spender! (Federal Government). The US government now pays out on average $3bn in interest expenses per day…If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3bn per day to $2.5bn per day. Even worse, unfunded Federal liabilities total …