…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…
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…
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…
FLASHBACK: Kamala Harris Cast the Tie-Breaking Vote to Let the IRS Track Workers’ Tips to be Taxed (VIDEO)…
“Two years ago today, I proudly cast the tie-breaking vote to pass our Inflation Reduction Act,” Kamala Harris boasted last week on Facebook. The so-called ‘Inflation Reduction Act’ added more than 80,000 new IRS agents to the agency to track tipped workers and $600 Venmo payments….
Global Markets Rebound After Historic Bloodbath, Japan Soars…
After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
Larry Kudlow: Recession Risk Grows Larger and Stocks Are Getting Clobbered…
It’s a shakier economy than the media admits, Kudlow says…
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