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Reality Dawns? Initial Jobless Claims Suddenly Spike To Highest In 9 Months
May 9, 2024 / 0 Comments
With WARNs high, payrolls slowing, JOLTS data tumbling - led by construction jobs collapsing, and Challenger-Grey layoffs remarkably elevated, why would anyone question the government's official data on jobless claims - that continue to languish (in a good way) near record lows. Well this week,...
Read More +Futures Drop As Treasury Yields Extend Gains
May 9, 2024 / 0 Comments
US equity futures are weaker as yields resume their rise and the USD strengthens after the BOE signaled it was ready to cut rates. As of 7:45am, S&P futures were down 0.2% and Nasdaq futures dipped 0.3% as all Mag7 names and most semis were red in the premarket. Most European markets are...
Read More +"The Polling Data Has Been Wrong All Along": Watch Biden Deny Economic Reality In Train-Wreck CNN Interview
May 9, 2024 / 0 Comments
Authored by Steve Watson via Modernity.news, During a brutal CNN interview aired Wednesday, Joe Biden looked shocked when host Erin Burnett reeled off a list of stats detailing how bad the economy is. Instead of suggesting how he is going to improve the situation, Biden denied any of it was...
Read More +Can You Guess What It Costs To Live "The American Dream" After 3 Years Of Inflation Under Joe Biden?
May 9, 2024 / 0 Comments
Authored by Michael Snyder via The End of The American Dream blog, If you are like most Americans, the cost of living has been going up much faster than your income has been. Right now, millions of Americans that were once prospering are now deeply struggling. When I was growing up, most of...
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