Independent thinking for complex markets and current events
New York Governor Kathy Hochul and newly sworn in New York City Mayor Zohran Mamdani have just announced their plans to spend billions of dollars on a ‘free’ childcare program. What could possibly go wrong? They are doing this as the state of Minnesota is imploding under the weight of a massive fraud scandal which …
Florida just became the second-biggest state to restore gold and silver as legal tender. Meanwhile, Germany’s central bank is suspicious of the Federal Reserve, and BofA analysts issue an eye-popping forecast. Is this the beginning of a global monetary realignment? By Peter Reagan Your News to Know rounds up the most important stories about precious …
via Mike Shedlock For July, the BLS reports 187,000 jobs vs the Bloomberg Econoday consensus estimate of 200,000. ADP reported gain of 324,000. Last month, ADP reported a stunning jobs gain of 497,000 vs a BLS report of 149,000 private jobs. BLS nonfarm payrolls by job sector. Please consider the Bureau of Labor Statistics Monthly Payroll …