As we have watched the economic conditions for Main Street businesses and blue-collar workers continue to worsen, the horizon grows ever more dark. Last month when we reviewed the inflation data we noted as follows:

“The rapid increases in the price of food and gasoline are hitting the middle-class hard. This will have a downstream effect on more luxury items and durable goods. Spend more on food/gas and you might not be able to purchase that new table you wanted. Durable good inventories increase and layoffs in those sectors begin.
It will be very interesting to watch how the housing market responds over the next few months. If the trendline continues we should see a considerable softening in home sales, again depending on region, as the inflation hits the working class” (link)
Today we get the first set of housing data to accompany the inflation forecast: “New home sales dropped 5.9% to a seasonally adjusted annual rate of 863,000 units last month, the Commerce Department said on Tuesday. March’s sales pace was revised lower to 917,000 units from the previously reported 1.021 million units. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, at a rate of 970,000 units in April.”
MTG was making a point about COVID vaccinations creating two classes of people, vaxxed -vs- non vaxxed. She compared the current pressure by government to the pre-Nazi era where German Jews were made out to be second class citizens. It was, perhaps, a poor metaphor; however, it was not any form of an attack against Jewish people or any comparison to the Holocaust.
Background – The people on the ground in Windham, New Hampshire, are doing an excellent job holding the election officials and auditors accountable to the people during this forensic ballot audit. The audit started because the tabulating machines (Dominion hardware and software) did not accurately count the votes from the physical ballots.