There are few crisis which gets Americans worked up, but this upcoming Labor Day holiday might create a crisis that the President will have to […]
Today’s Jurrasic BLS Employment Report Summary
I think the only way to start this brief summary is to highlight the first notation on the BLS website with the report: The best way to phrase this is that the BLS will not attempt to get revisions because the pure hot steaming pile we're presenting will be the facts and if you object, the powers that be will remind my fair readers that the trains are still running on time. Deal with it. So what was in this pure art of statistical nonsense today? 119,000 jobs. Mmmmm, ok. This brings up the next question, why is this so unbelievable? Perhaps it's the July and August revisions which subtracted 33,000 jobs over those two months. Thus all of my…
Today’s Jurrasic BLS Employment Report Summary
I think the only way to start this brief summary…
Municide Rides Again: Harvey, IL in Cook County Effectively Bankrupt
When these hallowed pages last wrote about the potential for…
Credit Union Failure Tuesday: Copper And Glass CU of Pennsylvania Conserved
These pages have been relatively quiet the last two months…
It’s Still a Bubble#27: A Name Change Sparks a 550% Rally
Reality has become so bizarre that I can not even…
This Item is a Threat to America’s National Security
America, we have a problem. No, it is not hypersonic Russian or even Chinese nuclear missiles. It’s not terrorists crossing our border with nuclear materials […]
The Federal Reserve’s Binary Choice Means Pain
There are points in economic cycles where the outcome of any economic decision made becomes a binary choice. Unfortunately for the American public, the upcoming […]
Is Intel About to Become the Communal People’s Chipmaker?
Today was another one of those days where one looks at the Trump administration and wonder to themselves the following: Did the “R” for the […]
How Retailers Like Walmart Pass on Tariffs to the Public
After listening to Peter Navarro bark like a trained seal on Bloomberg Television this afternoon, I fear this brief thread is more necessary than ever. […]
The Populist Threat to America’s Economy
In ancient days, to avoid the wrath of a Rome, the wealthy would often offer tribute in many forms as a sign of submission and […]
Trump’s Trade War Fallacy
Today was another one of those “days of days” when President Trump announced retaliatory tariffs against India and, for some reason, Japan. At the same […]
The Only Chart From Friday’s BLS Data You Need to See
I present this with little comment other than pointing out the dates. Yes, it is that obvious and if one was around for all of […]
August 1st Was a Bizarre Day in US Economic History
First, a minor mea culpa as I missed not by a mile, but by two hundred miles in my forecast fro the Bureau of Labor […]
An Inflation Report Courtesy of the Federal Reserve and Tariffs
While there is so much I could write about starting with last Friday’s events, and believe me, this author will, the story of this fiasco […]
IF You Thought the FOMC Was a Snoozefest, Here Comes Nonfarm Payrolls
Wake up you heathens! It’s the most important employment report in the history of mankind. Don’t believe me? I’ve heard rumors that Federal Reserve Chairman […]
Dr. Copper is On Life Support
There are great songs in American history then there are those that resonate since the 1980s forever. Unfortunately for precious and industrial metals investors, the […]
FOMC Day: Jay Powell is Cooking Up the FUTburgers
Yes, I know, I know, the title is corny and just what is a futburger? More on that at the end of this piece but […]
The Sad History of Terrorist Attacks on Wall Street
Last night’s attack at 345 Park Avenue by a deranged soul from Las Vegas whose intent apparently was to attack the NFL offices in the […]
The Manufacturing Renaissance Myth
While there are many who celebrate all of the announcements of countries to invest and companies to reshore into the United States, there are some […]