Posted on 06/02/2022 6:42:15 AM PDT by Browns Ultra Fan
Bad night at The Whiskey!
Or a bad day for the US economy.
First, ADP US jobs added flopped (only 128.2k jobs added, the lowest reading under Biden and the massive Federal Reserve stimulus). Much lower than the expected 300k. Second, nonfarrm labor productivity fell in Q1 -7.3%. Third, unit labor costs soared to +12.6%.
M2 Money stock YoY is falling, but remains at 8% YoY.
Here is the summary table for today.
And then we have the Atlanta Fed GDPNow, real-time GDP tracker for Q2 at 1.3%.
As M2 Money growth slows, US GDP is slowing as well. Is this a monetary hangover??
Here is a video of Biden meeting with Fed Chair Powell to discuss what to do to middle-class Americans with regards to inflation.
(Excerpt) Read more at confoundedinterest.net ...
Pain is the only thing the dumb masses may understand.
If the media tells people that our current economic problems are caused by Trump’s mean tweets, many people would believe it.
“If the media tells people that our current economic problems are caused by Trump’s mean tweets, many people would believe it.”
I have a heightened sense of hopelessness because I’ve come to realize that is truth. We can’t inform those people. We can’t debate those people. Those people tend to be strident in their media inspired beliefs and vote accordingly.
I also have an extremely sharpened hatred of the media.
The Manchurian Betas
The media is no longer independent.
I am not just suggesting that it’s infiltrated with left wing nuts, everybody knows this. I am suggesting that it’s controlled by the FEDGOV from a three letter acronym perspective.
We no longer have a free and fair media, that’s what you see. You need to grasp that’s it’s the Federal Government that has infiltrated and supported the demise. Joe Biden offering money to Journ-o-lists(yes I put that on purpose) was just confirmation of the obvious.
1984 wasn’t Political fiction. There is a realization and reckoning coming.....they need to disarm the populace soon.
Ditto.
Btt
Wait for it, wait for it, and realize that Quantative Easing will be printing more money almost immediately. Seriously, QExx will start soon and there is nothing the GOP will do about it even to win an election this fall.
QE on the way.
Don’t take the ADP numbers as Gospel.
I know many big companies like Honeywell have laid off due to part shortages. Manufacturing is at a standstill with shortages of chips and raw material.
How “many”?
Five?
No mention of the labor participation rate.
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