The Bureau of Labor Statistics report on August jobs is anticipated Friday. However, the numbers from the private sector ADP payroll review [Data Here] were released today, and the results are far below what was predicted.
According to the ADP payroll review, businesses hired a total of 374,000 workers, compared to the expectation of 600,000+ from the financial media. The vast majority of jobs gained was in the ‘Service and Hospitality’ sector that added 201,000 jobs.
The total services sector added 329,000 jobs, while the goods-producing sector only gained 45,000 jobs. This result is reflective of an overall drop in consumer spending which has continually been identified in sales data from the past several months.
Consumers are being hit with massive inflation on food, fuel, energy and housing costs. As a result, they have pulled back from spending on durable goods, luxury products and other items now considered ‘non-essential.’
The service and hospitality sector shows job growth from new hires and returning workers as people start to travel, dine in restaurants and engage in other vacation activity. Simultaneously, those same consumers are spending less on retail purchases. This pattern has been very consistent throughout the summer.
(MSM) – […] Recent statements out of the central bank indicate that it likely will slow the pace of its monthly purchases of bonds so long as job growth continues at pace. Officials have been largely optimistic about the employment picture, though they note that about 6 million fewer workers are holding jobs now than before the pandemic. (more)
What?? Not “unexpectedly”???
But Biden raised EBT by 25%! All that money flowing through the economy should produce jobs!
It’s an under-the-table cash economy, for many who rely on EBT cards.
Yep. My exwife, Mexican national with residency, along with illegal boyfriend just had twin anchor babies. Get ebt, $600 a month child credit, medical, everything. She just took our daughter to downtown L.A. to get baptism stuff for twins (who really are beautiful and I love them! ). $1000 in liquor, $1000 in food, two Mexican bands, porta potties, pinatas. My daughter called her on it.
Shameless
Wait, she was able to pay for all of those items with an EBT card ?
‘How is that possible ? Aren’t there rules for what you can and cannot purchase?
Liquor stores take EBT ?
I’ve heard they do in a lot of places,but one can’t purchase dog food or toilet paper with an EBT. Gotta pay cash for that, but liquor you can get.
No. She uses ebt and other benefits to subsidize her lifestyle. She does a lot of under the table work with cars and who knows what her illegal boyfriend reports. She doesn’t deserve or need any of the many entitlements she takes.
She has about 10 aunts, uncles and siblings who do it. Her whole network of Mexican immigrants friends do it with zero shame. I’m not saying that to be mean. It was a huge source of contention in our relationship. They are insufferable in their disrespect for our nation. Not all immigrants are. I learned a lot in the 5 years of our relationship/marriage.
I’ve also heard of people using their EBT cards to shop for other people who then pay for the groceries in cash, at a discount of course.
It’s not just ebt. Wic is a huge cash cow, go buy a ton of formula from a store and turn around and sell it to a bodega for half price.
Alot of ways to create a black market with government funds
It’s just being recycled.
#Jobs4Jihadis
#WereBack
#WhackisCrack
And everyone will be able to finally put the $0.15 cents that they saved over the 4th of July Holiday to good use!
Thanks for todays’ chuckle. Been a few days since I’ve had a good one.
I’m gonna get me one of those new fangled electric cars that doesn’t cause any problems.
Where do you plan to get the electricity to run it?
But not over Labor Day sadly. CDC’s Wallensky says if we’ve not been jabbed, we’re supposed to shelter in place. Stay at home. Go nowhere. Lock ourselves in our homes…blah blah blah.
Don’t let the ENEmedia alarmists grab the news cycle with all these “new cases.” Call the CDC out on the fact they already admitted their “emergency use” PCR test is absolutely worthless. “Cases” are no different than common colds.
This is really about who winds up in the hospital, after all. That’s why “officials” are suppressing all the safe treatments, to keep the deaths and fear and all those “boosters” coming..
If we don’t have safe therapeutics in our medicine cabinet then we are part of the problem. Educate yourselves and be ready to treat your symptoms early.
Dr Zelenko kept close to one hundred percent of his high-risk patients ALIVE in their own homes throughout this entire plandemic. If only people would take a page from his book and stop listening to the quacks who carry water for Big Harma , we could end this very quickly.
I think it is almost over now, anyway. That is why the drumbeat has shifted to war. Always a look squirrel.. always a reason to loot the treasury.
We’ve been on the Zelenko protocol from the moment he came out with it.
I noticed something interesting a few weeks after Biden raised the EBT allocations. A few items I buy at the store are now smaller, by roughly 10%. I find that interesting considering they had been a larger size in package for about 10 years consistently. Is Biden laundering money to his donors this way? It sure seems like money laundering to me. More Welfare benefits monthly and the donors decrease the size of the products within a month. Where is the 10% profit going?
I’ll bet the vape shops are booming.
“Unexpectedly” was getting so overused that another word or phrase had to gain more favor. Hence, “Missed Expectations”, otherwise those deplorables might be able to place two plus two equals four (real math NOT Common Core).???
No kidding!!! And absolutely every data release was unexpected.
I guess Totalitarians never “expect” their utopian ideals to devolve into a dystopian nightmare. Even though that’s exactly what they plan for every time.
“Build back better” means they plan to tear down our economy and our nation to the barest studs. This is all part of their vision to kill most of us standing in their way, and make slaves of any survivors.
Similar to Obama’s promise to transform America.
Or, “It’s worse than we thought “.
Aaaand interestingly, Canada’s 2nd quarter GDP was supposed to come in at 2.2%. The actual print was a 1.1% contraction. OUCH! Now that was what I call unexpected.
And a Federal Election scheduled for this Sept 20! I will be going to the Advance polls this coming Friday. Between Justin and his father for too many years, we are in bad shape. Plus Soros has his big nose in this too.
I feel so dreadfully that you all have been encumbered by such a tyrannical narcissist. Here we call him Justin from Canada. An Appalling man. But the US is not in a position to talk, alas.
They gave it a rest for this month. Itll be back for next month.
Ha! Without a doubt.
Dona mihi pacem!
Its always missed expectations in this ??.
My only conclusion when I see the evil overtaking the US, and the silence from the Republican Party is that they have all switched sides already and they are working for China.
I’m exhausted with this.
DD
China isn’t hiring.
Those politicians are political and ideological slaves to the CCP.
Bought. Not hired.
China is going to off them so quick if they reach their goal. It’s communism 101. Get rid of the rats that helped you, because well, they know you’re rats…
Boggles my mind why these people get involved with them.
Gosh! That seems harsh.
Not at all, as stated it is SOP.
The useful idiots that helped you get into power, have influence; if they turn, after they realise you were conning them, and have NO intention of keeping their promises, they could use their influence to stage a ‘counter revolution’.
Hence, Stalin took out Lenin and Trotsky, and many others,…
Look at what happened to Chris Mathews, host for over 20 years, of a hard left commentary show.
He did a 2 minute editorial, on how while he supported LIBERALISM, he was opposed to CONMUNISM.
BAM, he was off the network, like he had never been. And, has been SILENT since then; “disappeared”, and if he’s still breathing, its on borrowed air.
IF they succeed, ALL those Hollywood elitists, Hanoi Jane Fonda, Cher, Robert Deniro, all the ‘woke’ athletes, etc. will be put up against the nearest wall, and shot in the head.
Its the CONmunist way, and just cause they put a new coat of paint on it (replacing the old “Bourgerasie vs Proletariate” with the new CRT, GND and Trans nonsense) doesn’t mean they aren’t following the playbook, to the letter.
NO compassion, whatsoever is key.
You have hit the nail on the head.
Kinda like the Clintons; get someone to do the dirty work and then poof…eliminated!
It may be harsh thinking, but it is also a reality that these stupid, Rich Fish (bass) don’t seem to realize. It has always happened so the ‘other side’ can put their own people in, not the ones who put up the money.
Too many think their money will be of help to them…..not always true. Gotta have POWER to go along with it.
Deals with the devil never turn out well.
I believe the term is: “Useful Idiots”.
Authoritarian movements / leaders always, without exception, always kill-off the media / press and back-stabbing traitors / rats when they come to power. They have zero time for the very same people that help bring down their nation in order to usher in the new rulers.
They take the guns and the means to fight, the press and kill the traitors. ALWAYS!!!
The ones that help out and think they are safe are Useful TOOLS, but they all rely upon the masses of Useful Idiots that are their bases.
As Sundance has pointed out in many posts, it’s the Chamber of Commerce that runs the show. Republicans and Democrats in both Houses are their functionaries. And they are paid very very well for their troubles.
The silence from the Republican Party cannot be overstated, with few exceptions I think the Republicans are in awe of and afraid of the Democrat Socialist machine and/ or complicit.
Or blackmailed. Yeah I’ll go with that.
NO, NO and NO, Gosh darn it!
The Republicons do not do what they do, and more importantly not do what they don’t do, because they are “afraid”, “party of Stupid” or even greedy.
They are “all in” on the agenda of the Globalists.
They are facilitators, ENABLERS, and it is a FATAL mistake “Conservative” Americans have made, for FAR TOO LONG, to dismiss their complicity, with these lame excuses!
The one that particularly sticks in my craw; “Republicons fight by Marquis of Queensbury rules, while Dems are streetfighters”.
Try primaring a RINO, and McConnell will use EVERY Dirty, undethanded trick in the book against you.
So much for “Marquis of Queensbury rules”,..
They are COMPLICIT; cut through your own denial, and illusion/delusional belief, and recognise the Republicon party has been conning its base for MANY, MANY years, posing as “the loyal opposition” to Dems leftist policies, while actually facillitating those policies.
Its a CON! Wake up, and smell the coffee! Republicon leadership in Congress is anti-America First, and have been targeting US for genocidal elimination for ever.
Face reality, accept reality, only then can you move on.
The Conmunist/Globalists NEVER could have taken a country traditionally center/right (USA) and moved it so far to the left, without the active cooperation with the ONLY viable party PRETENDING to represent Conservatives.
Just like Faux news, that PRETENDS to be “the Conservative alternative” while constantly undermining us, and parroting the media matters talking points, and by its existence, occupying and defending the SPACE of a “Conservative alternative” network.
Likewise, the Republicon party occupies the space, and ruthlessly defends it against any who would challenge it; PDJT, Tea Party, any who primary challenge it.
It even allows a few seemingly independant voices, like Jordan, Nunes and Rand Paul to sound off, so long as they stay within accepted talking points, and don’t actually DO anything which changes outcomes.
Think not? The great Lou Dobbs, every time he had Jordan or Nunes on, would ask a two-fold question, the second part being to join him in openly criticising McConnell.
Each time they would laugh, and only answer the FIRST question, while remaining mute on any criticism of McConnell.
Sorry, the ONLY white hat in D.C. moved back to Florida.
So much truth in your comment! Beautifully summarized. We cannot move forward without admitting these stated truths! Thank you, Dutchman.
Spot on!!!
Just CSBs.
When did they quit?
95% of Republicans are Democrats. Yes wholly owned subsidiaries of CCP/PLA.
If the voting software allowed them to “win” then it’s really ? percent traitors in DC right now. We will need audits to uncover who is who.
These people don’t get “elected” by computer algorithms unless they are in fact traitors to their country.
The only reason Donald Trump made it through the gauntlet, is he had his own money to campaign, without the help of the RNC, and then he smashed their computer algorithms to smithereens.
They just weren’t ready for him.
You can see evidence of this in Tom Cottons face and mannerisms every time Fox has him on. He has that expression of “sorry folks but I couldn’t resist the money”.
Could also be threats. “Offers” they can’t refuse.. Chicoms are ruthless. We need to save these people from themselves. It’s obvious they can’t break their own chains.
Sundance has told us for years about the uniparty in DC. How’d you miss it?
I don’t buy a damned thing that’s not necessary. The debt is almost paid off (house, no credit card debt). If they want to only pretend we are a free people, then they can do it without my contribution.
Then there is that little matter of $68000 per citizen for Washington’s splurge.
Per citizen means nothing. Do it per household and minus retired households and household living in poverty. When you end up with households that have ability to pay you can get a real number.
Especially since only 50% of American citizens pay Federal Income Tax.
Something I have done since I was 18, and every damn year since.
I’ve done it since I was 14; also every year. But I’m in the “under-” category now.
Excellent – that’s my entire yearly income .. lol –
We as consumers hold the purse strings. We are the same in our house. The leverage we hold as purchasers of products and services is a powerful weapon. Bottom lines are everything to these big corporations. Per Catherine Austin Fitts’ advice that where we can, we should start going local, we’re actually doing just that. Anything to starve the greedy unprincipled corporate beasts.
Spending less is almost always a good thing to do. The big media/big tech companies are the enemies of the people. Anyone who hasn’t concluded that yet is hopeless.
Buzzfeed, a website that has only ever lost money, just sold for a $billion. Controlling the loudspeakers is apparently more important to some people than turning a profit.
The advertisers will continue to buy air time even when the measured audience approaches zero. Stop and consider the implications of that. The audience for major events like the Olympics or the Oscars has crashed, and the ad time continues to sell out. Utterly smothering dissenting voices far exceeds the importance of reaching an actual audience, to our new Corporatist masters.
I suggest the new American Revolution needs to take this form – walk your dog, go and visit a sick friend, attend Church. Do anything but spend your money with a big corporation. Get involved in local politics. Do not give a nickel to any federal politician. Save for your old age (you’ll need it).
The big guys (corporations, political parties) hate us. Back at ya, chumps.
As retirees, the financial repression (suffocation) has laid waste to the retirement we planned long and hard for. Not an extravagant one, but not one where we’d be reduced to strategic spending, which includes sweating out any unexpected expenditures. so no eating out, no replacing clothing, no extemporaneous car trips. And no joining the gamblers in the stock market, as I’m certain the Fed and other making institutions hope we would for that little bit of extra income. Plus our Medicare premiums just. increased. A double whammy. We’ll make do thank you very much.
What does one do when there is no “local” to go to? Where I live, there isn’t even a shoe store, or a clothing store, or a furniture store etc. Just a ‘food store with extra crap’ that is sells to try to keep things going.
I know there are many towns like that. Perhaps if transportation is not a problem, the idea would be to do business with the nearest community that you can. Smaller businesses rather than the big name corporations. I realize it is not always practical. Prices are a consideration of course. But even eliminating one large establishment for a small owner would contribute to making a point with your dollars.
Good! We’ve been debt free for years and pay cash for everything. Needed a new vehicle to replace the 2002, and purchased a hybrid out of necessity. Im thinking it was a wise choice.
What do you think is used to generate electricity?
Every drop of gasoline in your car’s tank helps it moving in the direction you want.
Every drop of oil or bubble of gas or particle of coal used to generate electricity is partially wasted while electricity travels miles through company lines and transformers.
So, be happy. Your car won’t spew so much carbon dioxide. However, the electric company will do it for you and in larger amounts.
There! Electric companies striving to make their customers happy.
Haven’t bought anything on credit in 20+ years.
We are financially in a good position, and about to get much better as we move off-grid over next 2-6 months.
SHOULD even be able to handle inflation, until it turns hyper, and by then we should be growing our own food, and making our own transportation fuel.
Taken 20 years of incremental progress, but it all started with getting our financial house in order, adjusting our values to live within our means( which means spending less each month than we take in) and INVESTING the difference in things which would FURTHER reduce our ‘monthly nut’.
It CAN be done. Start by saying “How is ‘everybody doing it’, and then look for a different way.
Whether its how we prepare our food, or how we address medical issues or personal finance, we go a different way, and we are healthier and happier, with a LOT less stress.
Been living the Dave Ramsey life for most of my life, even before I ever heard his show.
Just wish they would quit begging. There are at least 5 or 6 more beggars on my e-mail a couple times a day when I bother to check (which isn’t often any more). I send them to my spam folder for all the good it does, the next time they just send another one.
The service and hospitality sector shows job growth from new hires and returning workers as people start to travel, dine in restaurants and engage in other vacation activity.
We saw the opposite while vacationing at beach in SC this summer. Several restaurants we went to had sections closed off because they were short staffed. We were repeatedly told same thing about people not wanting to work.
Well in SE Wisconsin, many restaurant owners have issues getting help. Jobs are available, but people rather be on the dole, have no interest in working.
Everywhere except fast food is hiring at about $2 an hour, and tips aren’t really a thing anymore. At least, that’s how it is in Charleston; I can’t speak for Myrtle Beach.
Had to go into the P.O. yesterday….they have a sign posted for “help wanted”….listing the lowest wage @ $21 and some cents per hour. That is about $10 an hour more than I used to make, but not with the P.O.
Restaurants, I meant.
Went into an Ihop, recently (I know, shop local and avoid national chains) ,…anyway it was mid-afternoon, weekday and we joked with the hostess that “we are the ones that reserved the whole restaurant!”
Got to go on a 4 day trip with family a while back and we saw the same thing. Thought about getting a meal at their favorite place, and found out it would cost us $30 a plate……we fixed our own instead. Every business we saw had “help wanted” signs up also.
We had better quit waiting for somebody to do something, because people are getting killed. Many more will die in Afghanistan. How long will we wait, for help that never comes? As long as THEY will wait, in Afghanistan? Our country is being murdered while we stand and watch.
Currently, I would suggest continuing to throw sand and the occasional rock into the gears at every opportunity and don’t let them get away with crap without a loud fuss. And continue waiting. The time will come and it will be obvious when it does.
Think it is time to change our wants to needs. Most people have been spending too much more than they make, just like the government…..charging what they want instead of saving for things they ‘really’ need or even want. I’ve watched it going on for many, many years and finally got debt free…..don’t owe anything but electric and phone these days and have cut them down as much as I could.
I’m not buying anything I don’t need. I’m also not providing any extra labor in Biden economy. Even with that they are still robbing most of us blind by giving all these handouts to welfare scum.
These Commies can F*ck off….. they are ruining this country and the world for that matter.
Lieutenant Colonel Stuart Scheller who spoke out about the top brass said he was ready to lead when people let him know they were ready to follow. There’s one. Tell him you’re ready.
The American middle class has been subjected to a sustained campaign of GENOCIDE, for many, many years.
WE have been dieing with the death of a thousand cuts; Nafta and WTO gutted manufacturing jobs, 2008 manufactured financial crises a further hit, taking houses, cars and jobs, then addict us with oxycintin and then restrict access while shoving fentanyl in by the ton.
Recruit our best youth to fight in endless wars with insane rules of engagement,…
Its true, they really ARE after US, and Trump just stood in their way.
They want to DESTROY all of us and our kind, and unless you accept that as a starting point, well there really is no action plan.
On better news, government servitude is on the rise.
I think all of the private property independent landlords should get together and sue Delusional Joe, NIH, CDC, FDA, and every other gubt entity and UNIParty dinosaur out there, for TAKING their livelihoods and properties away from them in such a heinous, cavalier and frivolous and fashion. I mean twice they have had their hands slapped by the Supremes (not so much), and nary an apology.
I would say the same for every other private business person out there who has to compete with gubt freebie + bennies given out by gubt schmucks and shysters, who are sucking on our $$$, while they have their bootsheels up our a**, and are giving our $$$ out like drunks at a #WheresHunter Las Vegas party. Sssssshhh.
I forgot what I was saying…
If they needed a better example of Communism, look no further than what you said 2Laine
There is an entire generation of people working side-jobs, gig-jobs and side hustles for which they are paid in cash and the income goes unreported….I was informed this week, by a member of that generation, that many of those whose employment was affected by the pandemic would never return to traditional jobs. A future that cannot be sent offshore, how refreshing. Add the fact that many employers, desperate to fill jobs are willing to pay in cash and therefore the filled job goes unreported and the numbers make more sense.
That will end soon since they are pushing a cashless society to make sure they control all your pennies
As a small businessman, I am not willing to pay cash because I will be on the hook for the taxes. I had many people offer to work for cash. I be like, No Thanks.
Plus the workmen’s comp issue. Many small businesses think they are dodging liability because they are paying cash. Wrongo.
The economy is uncontrollable at this point.
Future pockets of economies will be run with cash that is already in the system and the cash will be backed up by whoever is holding silver and gold in the regional pockets.
There is so much fiat and counterfeit digital in the system there’s no eay to quantify it.
It’s already off the rails but the majority haven’t realized it.
The bureaucracy only gets to govern by consent of the governed and I don’t consent.
The Hindenburg is crashing in slow motion.
Things happen very slowly, right up to the moment where they happen all at once.
Eventually, we will be bartering for neccesities,..
I figure AMMO is a great alternative currency. Easily divisible, from one round, a box or a case.
It has intrinsic value, recognisable to all. The only drawback is the different calibers, but sticking with a few, common ones addresses that.
And, in times of shortage, luxury items have a premium; the soldier with nylons and chocolates comes to mind.
So, tobacco in tins, brand name alcohol in pints, chocolate packed for long storage,…figure these are more practical than gold, personally.
So right on! We are a very small business & I knew decades ago to be aware that eventually the tax man catches you if you try to dodge payroll or WC taxes.
But many just don’t look ahead that far…..they are willing to ‘save’ some by going with the cash under the table until someone tries to get workmen’s comp…..and they aren’t covered, so they get sued.
Completely agree but not all care it seems.
Also told a guy I worked with that he was going to have problems buying a house on the small amount reported.
This is going to just get worst. Every week food continues to rise. Supply chains are not working either. Goods are being held at the docks and not being unloaded or moving into the country to their destination. I have noticed more shelves are getting empty now at Walmart too. Lots of goods are showing up as back ordered when ordering on line and give no delivery date.
Pelosi and her Commies in California are purposely slowing down the docks. If I remember right we had a problem with enemies sabotaging our docks and ships before back when we had a real ongoing war. Makes you think someone in the military would be onto this stuff, but with all the commies running the agencies it’s almost like everything is backwards.
When is America going to wake up?
Imagine that–Biden not meeting expectations. Whodathunk?
Quelle suprise.
Yet, he’s making his Federal Reserve make it look like all is well. My Libby friend keeps saying, “woohoo, look at your 401K!” He has no clue why it keeps going up. It’s so ready to collapse one day.
Think he has met all expectations that those of us who didn’t vote for him saw ahead if he was placed in office.
I’d probably buy some more durable goods if I could find them.
Welcome to Obamanomics 201, “Project High then Reassess Lower in Light of Actual Hard Data”
This course will highlight and describe how GDP, Job Growth and many other indicators of positive economic activity can be presented to gaslight the general populous into believing against what they can actually see with their own eyes and ears and how to quietly publish or release actual data that reflects the true state of the economy in such a way that these same ignorant fools actually believe the former and not the latter even it’s not in their best interest so they will continue to vote in the same way.?
Wait until the new green jobs kick in. For every job created there’s a need for 10,000 bureaucrats to tout (spin) the results, another 10,000 to regulate and twice as many to measure temperatures. Just got to pass the bill, it’s urgent to save the world, the American people and everyone else we fly or bus in here.
Did they really expect people to go back to work when the Gov. hands out money?
Newsom released more stimulus money to the proletariats of California just last week.
I read in my locals that gas prices will only be up on average this Labor Day Weekened by 91 cents per gallon over last year. Didn’t we save 19 cents recently, on a picnic?
But, don’t you worry your pretty little head, they also stated that gas prices will be going down as soon as all the kiddies are back in school, masked and vaxxed, of course. Vacays and staycays over, and everyone back to work or school, because the winter blend will soon kick in.
And don’t forget to quarantine if we tell you to. No matter how many times.
I know families whose students have already been sent into quarantine 2x this school year, for having had “exposure” to someone else who had “exposure”, but we can’t tell you who, or when, or where.
These people have no business in D.C. or above ground for that matter. By that I mean most are propped up on drugs. Look at Delusional Joe and #WheresHunter. They die while in office after a hundred years or so, Long putrified on the vie and SWAMP STINKY as h311.
It is a travesty of the worst kind and was NEVER, EVER what our country was about.
Quarantines where people are exposed, but no one has symptoms? How would we know? We wouldn’t
What is that saying about the blood of tyrants.
“Unexpected” clusterF with Afghanistan.
“Unexpected” lousy economy.
Gee… I wonder why…
“Unexpected” Whitehouse occupant perhaps? 😉
I’m expecting the transcript of a leaked phone call between Biden and ADP telling them to make it look better, even if it isn’t true, because the perception that the economy is tanking needs to change.
Nothing certain, as is said, but lies, damned lies, and statistics. Shadowstats gives you a more accurate run down on what’s actually occurring.
Ha – I see what you did there. Good one..
Recall that the POS Axelrod during the Crimson Kenyan’s first campaign directed the fraudsters, I mean pollsters, to reflect what his ‘popularity’ numbers had to be.
I guess Biden will make a short speech declaring the jobs numbers a tremendous success.
More Stimmy Checks will take care of this for a little while. This is called “kicking the can down the road”. I’m afraid however, the corrupt deep state is running out of road.
It’s nothing that the creation of another several trillion dollars can’t paper over.
Conmunism works, until you run out of other peoples money.
Or, devalue the currency to where its worthless,…
I have the first major sell the Sto0ck Market signal today since April 1, 2020.
The average conservative won’t become real serious in terms of; Communist/Fascist/Totalitarians which now control the United States until they feel personal pain. This will come with a declining Stock Market and declining home equity.
Inflation is just beginning to bite. It will get worse until Trump returns in some shape, manner or form. Timing is everything and pain has to come at a point people pay serious attention.
But we’ll get to save another 16 cents on groceries for the labor day picnic!
But, but I thought all the unwashed who were laying around collecting government money in all those states that ended the gravy train early had to go back to work and that emplorers everywhere were desperate, DESPERATE, for workers. Say it ain’t so!
Well, not to worry, the free ride for everyone ends this weekend so the September numbers should be spectacular!
Shut off the welfare spigot, permanently
MAGA work economy proved it 1000% More jobs than people to fill em. More $$ to the lower/middle class.
The treasonous Farks in power are playing the Destroy America game, quickly.
Prove me wrong.
It sounds like ‘welfare’ (Section 8) recipients loom large in the coming eviction avalanche so that version of welfare will find a big dent placed in it. PUA/PUEC is gone this weekend for most recipients, ending another form of welfare. I haven’t heard, have they shut off the corporate welfare too. Most of my neighbors get welfare to raise crops, or not raise crops, as one example. I believe they wordsmith something like ‘price supports’ or similar doubletalk.
I like the idea of ending welfare though, all forms of it, not just for poor people, for rich people too. Rip the bandaid off. Oh, end Social Security too, that’s a gigantic welfare drain. I feel soiled even collecting a pittance of it, true, only the minimum. Just end it.
People should live or die on their own accord. Survival of the fittest. Let’s get started today! Seriously! Oh, first, everyone in government goes to the bottom of the ocean, largest welfare drain there is. Those human tit suckers gotta go.
Congratulations to the JoeBama administration. They are exceeding all expectations in advancing the globalist agenda. We are now reliant on foreign energy, foreign manufactured products, and illegal foreign immigrants for cheap labor just to name a few. They still have 3 years and five months to achieve the extraordinary goal of destroying the United States as a global economic and military power. Thank you uniparty. China is in disbelief as we self destruct.
Day,..500+, to slow the spread!
Something big is going on in China. Their biggest E-commerce giant, Alibaba, is in a steep decline.
This is what competes with Ebay and Amazon.
That is why they told the Whore of Babylon to warn US shoppers that there won’t be so many plastic toys, etc. this holiday season.
The Alibaba DeclineOften referred to as the Amazon of the East and the eCommerce and industry giant behind the Singles’ Day phenomena and a whole host of other string to their bow much like Amazon, it begs the question how has their market value almost halved in just a year?
One of the largest contributors was likely when the Chinese government hit Alibaba with a record-breaking fine of $2.7 billion due to alleged monopoly abuses and market dominance practices back in April. There have also recently been accusations of sexual assault allegations and people being fired internally causing more bad press for the company.
So job increases are slower than expected and wages don’t attract people living off welfare.
The obvious solution is to import millions of illegal aliens so they too can immediately apply for welfare and vote.
The big difference between now and the Great Depression is that the left wasn’t determined to literally destroy America as a country. Their economic fantasies were every bit as self defeating and were the primary reason the depression in America was indeed “great”.
It really is amazing to see it all go down. And it is truly astonishing that it did so without meaningful opposition.
Nothing will happen until it affects the 30 million actual 2020 Biden voters.
(Eventually that number will come out as well. Write it down.)
The fraud is staggering.
ADP projections are hardly ever right
C’mon man….Build back better Sundowner Joe!!
The opening statement by our Fed chairman at the Jackson Hole confab indicates he still believes the Fed and monetary policy can positively affect both inflation and employment. We have reached a point were many Keynesian economists and all left wing economists have bought into Modern Monetary Theory. This theory basically postulates that overall demand and consequently employment and any other economic consideration can be not only influenced but managed by proper monetary policies.
The taper as it is called is not a reversal of monetary policy, far from it. It merely means the Fed is going to slow, not stop, its asset purchases hopefully with the result that eventually the economy will grow strong enough to actually reverse policy and actually stop buying and start unloading all those assets they have accumulated since 2008 when quantitative easing became a popular word to refer to the open market committees activities. I haven’t been following it like a financial analyst because that is not my job but, I believe they still have a balance sheet far larger than ever before. A few financial sites I follow have indicated that almost the entire increase in the value of the S&P 500 over the last couple of decades can be attributed to this easy money policy. The velocity of money has cratered which is a measure of how this money affects main street. It simply flows into whatever assets are deemed best by those seeing huge increases in disposable income. In short, many argue that these policies are not only not helping the average joe but, hurting him through inflation and most of the money goes straight into the stock market and does nothing for main street.
As more and more people have become investors or realize their pensions and retirement savings depend on an increasing market, I think they have become complacent to what is really going on. They may see their 401k or IRA going up and up and up but, nothing that cannot last forever will. During the last taper that occurred after the massive buying after 2008 saw the S&P 500 average about 10% per year for the three years of tapering. Many expect history to repeat itself. It often does. But, not always. As reasons to print money keep coming up to fuel the economy from the efforts of politicians to throttle it by the neck, expect the Fed to eventually find itself in a corner from which there is no escape. That would be the same corner many other money printers in socialist countries the world over have found themselves in. I think I just saw a headline about China or Russia and some mideast oil tycoons concluded a deal to no longer value petroleum only in U.S. dollars. The petrodollar is dead. As the world decreases its need for us as a reserve currency our ability to devalue or debauch our currency becomes tougher.
When your JOB, your whole PURPOSE FOR your job, as a “financial analyst” is to make PREDICTIONS of future trends,….how many years can you continue to be “SURPRISED” before you lose ALL CREDIBILITY?
And, isn’t CREDIBILITY your “stock in trade”?
For all four years of the Trump admin, financial analysts were “SURPRISED!” because the economy improved, as a direct result of Trumponomics.
And, during the last 8 mos of the usurper admin, as a direct result of the Bidenites deliberate effort to be the “Un-Trump admin”, by reversing ALL the policies he introduced which resulted in the great Trump economy, these idiots are again “SURPRISED!” at the ‘lackluster economic recovery’.
Gordan Chang, a few others and of coarse Professor Sundance, haven’t been surprised at all, and in fact acurately PREDICTED the economy, from Trump 2016 victory, on.
How is it these useful idiots still have a job?
They, just like the MSM and the Uniparty apparatus, have willfully, gleefully thrown away their ONLY real asset; CREDIBITY.
HOW do they think this is going to turn out? Are they really going to be “SURPRISED!” when Americans, en mass simply stop believing them?
For financial advisors, msm and Uniparty, their POWER (which they crave) stems DIRECTLY from their credibility, and they are tossing it in the garbage, as if it were nothing of value.
Quite astounding to watch,..in real time.
As someone who deals with this on a daily basis the problem is people are incentivized to not work. Our biggest competitor for labor is the government. All of our vendors and all of our customers are in the same boat and will tell you the same reason. Lack of labor reverberates across the entire supply chain in every sector in America.
I could hire 150 people today but cannot find anyone who wants to work. There are not a shortage of jobs or companies desperately trying to hire people.
The significant consideration today is that the Fiat money $usd has so corrupted the medium of exchange through the counterfeiting by the fed that
Today’s wage would be approximately $22 compared to 1974.
$15 is minimum wage today.
It is fubar.
You are full of it, the taxes are too high and wages suck. I’m not gonna work 80 hours a week just to survive, especially at some crap job where I have to drive my own vehicle and put wear and tear on it daily, while paying high gas prices, etc.
I’ve done it before, now I don’t get out of bed unless the company pays me $50/hour after taxes.
Well played. That’s essentially the absurd argument the lazy are making.
What they don’t understand is that they are the ones driving up the prices of everything as wages are artificially forced higher.
The government handouts are making them poorer as they fall further behind with skyrocketing inflation.
That’s the argument the lazy are making??? Yet I was working 80-90 hours a week before and being taxed into H3LL. Govt’ handouts are making them poorer? Okay, if they are getting free money they obviously are working the system, something I don’t do, anyways taxes are too high, which is why I demand $50/hour after tax. I’m not gonna be some company’s little B1tch and barely survive. Heck I could freelance and make $200 an hour if I wanted too.
Nobody is arguing taxes are not too high.
How much per hour are you making now?
What skills do you have or not have that someone is or is not paying you the wage for which you ask?
It sounds like you can make $200 per hour. Are you?
Doesn’t sound like you have an issue supporting yourself.
And yes, government handouts make people poorer, productivity makes people wealthier. Basic economics.
They are getting free money, it is making the rest of us poorer, not them. Your logic is kind of backwards in that aspect. I can make $500 an hour if I wanted too, but it’s not necessary which is why I ask what I ask relative to working for someone else. My skills have minted many millionaires, my friend runs his ship different but same skills. He nets $150 million per year with his employees. I don’t do anything myself, as stated I am not contributing to Biden’s Stolen WH/ Economy. When taxes go lower (which won’t happen under Biden), I will work again.
So, does your company require proof of vaccination and/or a Covid test as a condition of hire?
If your company is in a state where the gravy train ended in July or early August, you should already be deluged, or perhaps will be shortly! Things are looking up! A whole bunch of states, there’s a list out there, stopped the federal PUA/PUEC programs early, not this weekend so those folk’s easy living dried up. They should be jonesing for those good paying jobs. Be ready!
Biden is ‘America last’ installed senile President.
Just a little hard to “produce” anything in a country that has already sent all it was manufacturing to the foreign countries that no longer will/can ship to us.
Western and MidWestern US in Drought. Crops below normal, Beef and Pork production is breaking down (supply chain). Look it up for yourself. FOOD Shortages Coming very soon. CYA now, stock up, prices will go much higher, and availability will go much lower.
Crops are looking pretty good, take your Lies somewhere else.
It could be regional, and even with regions it can vary. The water situation in Calfiornia has put a dent in some crops but others are doing OK.
I’m currently in the midst of dust clouds from the almond sweep going on, and it’s pretty late this year. Grapes are being picked and laid for raisins and juice. The pistachios trees are looking pretty good to my eye. However, row crops, the water intensive ones, they’re more sporadic.
The Covid situation impacted the local dairy and beef production markedly but the specifics are outside my wheelhouse since I no longer service those industries.
I’m a native of that part of California that grows a lot of the state’s, nation’s and world’s supply of certain crops. Other states and regions most likely have their own stories to tell.
I’ve found one interesting oddity in both supply and price relevant to animal protein…. certain processed seafood items from European waters. Both supply and price have been very stable throughout. I personally don’t see any shortages, and didn’t really through the Covid event. Perhaps that’s due to being in the middle of an agricultural area, IDK. Also, we’re used to ‘stocking up’ since it’s miles to a grocery store or farmer’s market. All the ag around here is huge, corporate stuff. No vegetable stands.
California is normally dry. The midwest USA which produces most of the corn, wheat, soybeans and many other crops that feed the ENTIRE USA and then some is doing fine. I’m not saying prices will be low, or there won’t be manufactured shortages, because there will be with Democrats handing out FREE MONEY to bums, they have gone full out Psycho relative to our money and stealing it. The interesting thing about the uniparty, they are like the mafia families…. instead of fighting they choose to get along behind the scenes there is more money in it that way. (the trillion dollar looting) They just divy up their cuts and screw the rest of us.
I have been following this website, same message as you have stated.
https://electroverse.net/wheat-farmer-woes-decimated-corn-crops-no-feed-for-livestock-what-will-we-eat/
Do you follow the website, or do you actually see the crops LMAO.
I trust my eyes over some BS websites.
Yeah, there is a difference between reading about cutting grapes versus climbing under the vines with a knife and tub and actually doing it but I do respect those who at least attempt to learn about aspects of agricultural life, something we take for granted.
Also, your prior comment about water, California being dry, is spot on. Where I live was reclaimed from akali desert generations ago by huge land companies that brought in water and acidified the soil. Some of my past customers were companies in that industry. It’s irrigated desert. If it went away tomorrow, nearly everyone would be touched in some way, even if small. That’s how effective the economies of scale and agricultural technology is in reaching pretty much the whole world.
On the topic, that machine also provides huge numbers of jobs both direct and related. For decades my livelihood depended on making things and repairing things for my customers in agriculture and related food processing and distribution industries and I hadn’t worked directly on the farm since Cesar Chavez was new to the game. Every change ripples throughout the whole labor machine.
Lately, the labor world has been upside down, inside out and every way but loose. Hopefully we can get back to a semblance of normalcy. Old codgers like me might not care much but plenty of folk are in prime time and work is life. My thoughts are with them and their children.
Where is the outrage?! This is the single greatest act of treason committed against a people ever!
Hang the traitors!!!
Pelosi and her team of crooks in California are sabotaging the Docks and therefore America as a whole.
In prior times of War the Germans were sabotaging our boats and docks. The military ended up hiring the mafia to take care of the problem. Now we have Pelosi a Govt’ Mafioso running the sabotage.
Of course, on TV they claimed it was because of COVID…
Sure, sure… and paying $4.70 per a gallon of 87 octane is because of COVID….
Of course..
Just found out from a coworker that some bars in Pasadena, CA, are asking for proof of vaccination to go inside. They’re nuts up in LA County.
Gas prices, oil, etc. went up because Biden and his team of donors/crooks were aligned investment wise to make a profit. Once Biden got in they made Billions upon Billions off stocks, etc. Heck look at Zuckerberg his networth is up over 50 billion USD since Biden stole the election. Buffet is up over 30 Billion, the Google execs are up 40 billion, etc. These people will funnel those proceeds back to the Democrat machine because the machine is the true owner of the money.
And this number WILL be revised down in the coming months.
I don’t know about y’all, but I have not set foot in a restaurant in over a year; not even to drive through a fast food place. I’m hanging on to every dollar; haven’t bought new clothes, or new shoes.
Of course I haven’t been going anywhere, either! Do they really expect people to be out buying, shopping, etc., when you have to fight the door wardens about wearing or not wearing a mask, standing 6 ft apart? No.
Someone earlier said we need to start having neighborhood bar-b-ques, picnics in the community park and making our own meals. I’m all for that.
I used to eat $50 hand cut steaks and the finest BBQ around a few times a week. That was before Obama ruined my life with his crap policies. Now I stay at home and cook, or just eat something simple at home. I’m tired of providing for other people, most notable in bigger cities where I often ate who generally vote democrat. Starve the beast and save for yourself and family. Be frugal… Now the democrats are doing a reach around and stealing our money via the treasury though.
Yup, only been to a restaurant once and that was last September to celebrate my best friend’s 34th wedding anniversary. Little did we know he’d be dead a few months later. They say it wasn’t Covid but IDK. Strange.
Anyway, I’ve avoided all the Covid stuff as much as possible. At my age I’m afraid I’d go postal on someone who got in my face too much about it.
It just occured to me that the last real red meat I ate was at that little restaurant at the beach, breakfast, so it was a Mexican steak omelette. What’s a bit scary is I just forget the word omelette.
Anyway, here ya, living lean, got way too much stuff from nearly 7 decades of living anyway, currently nursing a low fever, probably another variant of that germ warfare bug and funny thing, I haven’t personally interacted with a human for nearly a month. IDK, funny world.
Big Banks are increasing their cash on hand. Investment trusts are preparing for Stagflation. Inflation with zero growth. That’s the worst place to be for our economy. Housing has priced new buyers away. If interest rates go up 1% the U.S. will be bankrupt. Oh, raising the Debt Ceiling in 15 working days is also right around the corner. As planned. Monster spending and new tax increases kill off anything that might resemble the middle class.
Imagine how bad the real numbers are if they admit to these.
“The vast majority of jobs gained was in the ‘Service and Hospitality’ sector that added 201,000 jobs.”
Illegals…paid under the table, collecting government goodies, sending 3/4 of the money home to Mexico or Central America. America is being bled dry, while demographics are being changed forever.
I can hardly find a white woman with a white man anymore.
Our women are failing our society and making that demographic change permanent.
Are you new here?
Why are white women so proud to date non white men?
That’s enough. Take you full of shit self back to Soros for retraining. You suck as a Rolcon.
Just an honest question relating to modern life problems that are real, take your BS post and shove it!
This is what happens when “woke” politicians impose vaccine passports to live and breathe. The “woke” customers are still hiding under their beds (judging by my SIL they’re never coming out) and normal customers are now barred from entering these struggling businesses??
If I were a business owner I would open my doors to everybody and chance the “fines” that come with freedom. Then you may have a shot at success, or at least you will go down swinging.
If airlines are foolish enough to turn away the few customers that have trickled back after the lockdowns, then AOC’s “green new deal” will have completed it’s goal of ending domestic air travel.
Joe’s on early about the August jobs report…..