From the looks of the monthly Nonfarm Payrolls data that American workers are getting royally screwed under the Biden economy…
“A Lot More Bodies Coming” – Druckenmiller Warns of “Hard Landing”, Blasts Fed “Free Money” Making People Do “Really Stupid Things”…
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a “hard landing”, and warning that “there’s a lot more bodies coming” with regarding regional banks and corporate bankruptcies…
De-Dollarization and Global Trade…
The current telling of the story of de-dollarization — the replacement of the U.S. dollar as the global economy’s primary reserve currency with a new BRIC (Brazil, Russia, India, China)-funded reserve currency — depicts the loss of the reserve currency as a catastrophe that will crush America…
Meta Tells Employees to Work from Home As It Starts to Ax 10k…
Meta told its North America-based employees to work from home Wednesday as it began a second round of layoffs that will immediately cut 4,000 jobs — part of a plan to eventually cull 10,000 jobs…
‘We’re Going to See a Lot of Bankruptcies’: Former CEO…
Bob Nardelli, the former CEO of Home Depot, is warning about more bankruptcies hitting the U.S. economy, and blames lawmakers for their delay in coming to terms regarding the country’s debt ceiling…
U.S. Dollar “Fear Mongers” Only Need to Be Right Once…
The fact is that warnings about the precarious nature of the U.S. dollar – whether bombastic or not – are probably more important today than they have ever been. But these warnings can’t compete with 50 years of the “trend being the United States’ friend”, a hurricane force tailwind that includes politicians on both sides of the aisle, the nation’s central bank, the treasury secretary and the roaring concert of all financial news media…
Investor Carl Icahn Issues Grim Warning On U.S. Economy “Breaking Down”…
Billionaire investor Carl Icahn said that the U.S. economy is at a breaking point, blaming “worse than mediocre” leadership and warning that soaring inflation threatens to topple America’s position on the world stage…
Google Home Speakers Allowed Hackers to Spy on Users…
According to a recent report, a bug in Google Home smart speakers allowed for the installation of a backdoor account that could be used to control the device and access its microphone feed. In short, hackers could take over Google’s devices to spy on users by listening in on their conversations…
There Are Very Strange Things Going on at Goldman Sachs Savings Accounts Interest Rates…
Goldman Sachs’ online bank, Marcus, is offering an interest rate on its savings accounts that is 350 times the interest rate being offered by its competitors, JPMorgan Chase and Bank of America. That’s not normal…
Disconnected From Reality – BLS Employment Report Showing 517,000 Jobs Gained in January is Laughable…
The Bureau of Labor Statistics (BLS) published a jobs report yesterday [DATA LINK] that has stunned the professional financial class. However, those who have followed the BLS data assemblies were laughing – not surprised. Eventually, if this continues, the BLS pretzel logic will start using terms like “eleventy.”…
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