The 2024 election is about inflation, inflation, inflation, the First Amendment–freedom of speech and the border crisis. Voters are voting with their pocketbook as they should be…
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Chipotle Starts Replacing Workers With Robots to Bypass California’s Minimum Wage Laws…
One didn’t need to be brilliant to predict $20+ an hour fast food workers would be replaced with robots…
Trump Announces He Will Immediately Implement a Temporary 10% Cap on Credit Card Interest Rates…
“We can’t let them make it 25% and 30%.” Credit card interest rates are at a historic high under the Kamala-Biden regime. His simple plan will alleviate a lot of pressure from hundreds of millions of Americans…
Fed/Powell Unleash Chaos Across Markets With ‘Not a Crisis at All’ 50bps Rate-Cut…
50bps cut… uber-dovish Dots… Powell pushed back… stocks end red, dollar and yields end higher…
Transition Leader Howard Lutnick Explains President Trump’s Economic Policy, Tariffs and Energy Inflation…
Jumpin’ ju-ju bones, I think we may have found Wilbur Ross’s replacement. In this segment on CNBC Trump transition team leader Howard Lutnick, explains simple MAGAnomics to the panel. Make this guy both Commerce Secretary and Chairman of the National Economic Council in 2025!…
Trump Proposes Eliminating Taxes on Overtime…
Former President Donald Trump said Thursday he intends to remove federal taxes from overtime pay, marking his latest proposal this presidential campaign to significantly alter federal tax policy…
Rep Massie: To pass the giant spending bill, the Speaker was going to have Republicans stage fake fight over illegals voting…
Why the House leadership continues to introduce Continuing Budget Resolutions rather than a two-year budget is a betrayal to all Americans. The U.S. debt is out of control and is a chief reason for the high inflation Americans are financially struggling to manage…
Trump Promises to Halt Taxes on Social Security; Cites ‘Inflation Nightmare’ for Seniors…
“I will always protect Social Security as I did just four years ago,” he said. “Our great senior citizens will be happy and they will be safe. And they will be getting their money from Medicare and Social Security.”…
Great Replacement Job Shock: 1.3 Million Native-Born Americans Just Lost Their Jobs, Replaced by 635,000 Immigrants…
Nine months later, we are delighted to see that our relentless efforts to bring attention to this critical topic finally worked, and the continued replacement of native-born workers with immigrants and illegal aliens was finally the biggest political and media talking point…
The June and July Jobs Reports Were Just Revised Lower…
Bureau of Labor Statistics released August Nonfarm employment data. They’ve once again revised their employment numbers downward this time being for June and July…
How Reuters Manipulates the Oil Market, in Two Headlines…
100% of the time, Reuters’ oil market manipulation – on behalf of various unnamed deep state interests – works 100% of the time. Last Friday morning, just as Brent crude was threatening to extend gains above $80, forcing oil CTAs and other momentum-chasers to close out their near record net short positioning…
Stocks Tumble in Tech Led Weakness on Return from Labor Day…
Stocks were slammed on return from the Labor Day weekend with the Nasdaq underperforming amid a slump in the tech sector which saw losses of c. 4.5%….
Wall Street Outraged over Latest Epic F*ck up by Biden’s Labor Department…
…frustration turned to anger and outrage on Wall Street as word spread from trading desk to trading desk that the BLS was releasing the number to some firms over the phone! When the data was finally released shortly after 10:30 am, it showed payrolls will likely be revised down by 818,000 for the 12 months through March, the biggest downward revision to the job numbers since 2009…
Biden Commerce Secretary Gina Raimondo Has No Idea Labor Dept Revised Jobs Report to Remove 818,000 Jobs…
The bureaucrats at the Bureau of Labor and Statistics let loose the real data behind the Biden-Harris fake job reports revising the alleged total jobs created downward by 818,000 jobs and the Secretary Gina Raimondo being caught by surprised when asked about the real numbers…
All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels…
As indicated on the above graph, as of December 31, 2023, Goldman Sachs Bank USA, JPMorgan Chase Bank N.A., Citigroup’s Citibank and Bank of America held a staggering total of $168.26 trillion in derivatives out of a total of $192.46 trillion at all federally-insured U.S. banks, savings associations and trust companies. That’s just four banks holding 87 percent of all derivatives at all 4,587 federally-insured financial institutions in the U.S. that existed as of December 31, 2023…
Monopoly Round-Up: Price Gouging vs Price Fixing vs Price Controls…
Kamala Harris proposed a slew of proposals arguing that pricing in America has gone haywire. Economists got mad. Trump called her a Communist. What does it all mean?…
Kamala Harris Unveils Economic Plan — Including a Whopping $1.7 TRILLION, that’s TRILLION with a “T”, in Handouts and “Price Gouging”…
Not sure how anybody can take this Harris-Walz economic proposal seriously…
Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told…
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it….
Core Consumer Prices Hit New Record High – up for 50th Straight Month…
Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021…
Eric Trump Previews Major Trump Org Move into Crypto as He Charts the Family Company’s Future…
Looking more and more like cryptocurrency is going to be in American’s future….
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