Biden Economy: Jobless Claims Rise by 23,000 to 230,000
Number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, as 57% of poll respondents disapprove of Biden’s handling of the economy. QUICK FACTS: the Department of Labor said Thursday that U.S. jobless claims climbed by 23,000 last week to 230,000, The Associated Press (AP) reports. The four-week average…
Americans Fear Biden’s Economy More Than COVID—Only 37% Worried About the Virus: AP-NORC Center for Public Affairs Research Poll
U.S. citizens no longer fear COVID, as majority 68% say economy is now biggest concern. QUICK FACTS: An Associated Press-NORC Center for Public Affairs Research poll shows only 37% of Americans consider Covid-19 one of their top five priorities in 2022, The Daily Mail reports, up from 53% at the same time last year. 68%…
Green Economy Job Creation Prospects Unclear
Charging station for Buick’s electric vehicles at the Shanghai Auto Show in Shanghai, China, in 2019. (Aly Song/Reuters) I’ve never been — how to put this — entirely convinced that the “sustainable” economy is going to be quite the jobs machine that its proponents like to claim. It’ll be good for regulators, and it will…
Virginia voters rank the economy as top issue
Voters casting ballots in the tight race for Virginia governor rank the economy as the top issue facing the commonwealth, with the coronavirus pandemic and education trailing. In the contest between Democrat Terry McAuliffe and Republican Glenn Youngkin, 34% of Virginia voters say the economy and jobs was the most important issue facing the state….
Just 235K Jobs Added to US Economy When Experts Predicted 725K — Black Unemployment Rate Surges
Huge Jobs Report Miss: Just 235K Jobs Added to US Economy When Experts Predicted 725K — Black Unemployment Rate Surges Tap here to add The Western Journal to your home screen.
As Inflation Skyrockets in the US, Russia and Saudi Arabia Sign Agreement Ending the ‘Petrol Dollar’, Putting the US Dollar and Economy at Even Higher Risk
As Inflation Skyrockets in the US, Russia and Saudi Arabia Sign Agreement Ending the ‘Petrol Dollar’, Putting the US Dollar and Economy at Even Higher Risk Tap here to add The Western Journal to your home screen.
Deep Blue States Continue to Hold the US Economy Down
Guest post by Tom Blumer Monday’s unemployment numbers show blue states are the leaders in the nation’s unemployment. Several commentators have already noted that Monday’s State Employment and Unemployment release from the federal government’s Bureau of Labor Statistics reported that eight states had unemployment rates above 7 percent: – Nevada – 7.7 percent – California…
China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020
China, which a little over a year ago unleashed a global pandemic on the world which reshaped economies, global supply chains, capital markets, and societies and was directly responsible for the downfall of a US president, was hell bent on demonstrating that it was the biggest winner from said plague, and early on Monday local…
Goldman Expects Dems To Pass New $750BN Stimulus Next Month, Sending Economy Into Overdrive
Now that a “blue sweep” of Congress is reality, Wall Street has thrown out their existing market and economic forecasts and gone back to the drawing board to account for billions more in imminent stimulus. Not surprisingly, the first to publish a new and improved projection deck was Goldman which overnight said it had revised…
Blain: Will The 'Green' Economy Trigger The Next Meltdown?
Authored by Bill Blain via MorningPorridge.com, Back in the last century, I spent a large part of my investment career packaging up financial assets, like mortgages, into bonds – securitisation. I was heavily involved with the acquisition financing of a US home lender… which went spectacularly wrong a few years later when we discovered to…
2021 Could Be The Opposite Of 2020: Economy Up, Equities Down
Authored by Joe Carson, former chief economist and director of research at Alliance Bernstein, 2020 has proved to be a wild ride for the economy and finance. The economy posted its sharpest one-quarter decline to be followed by the largest quarterly gain. Meanwhile, the Dow Jones Index recorded the 10 largest daily percentage point declines…
Beijing “Unexpectedly” Injects $30 Billion Into Financial System, Sparking Doubts About True State Of China’s Economy
Back in late 2019, we were frequently greeted by headlines such as this, indicating that PBOC was periodically making “unexpected” liquidity injections, which made sense in light of China’s ongoing economic slowdown: … and: Fast forward one year, when China’s economy is supposedly growing at a blistering pace thanks the massive credit injections following the…
British Economy Shrinks By Most In 300 Years Thanks To COVID, Chancellor Warns
By Tyler Durden Just days after UK Prime Minister Boris Johnson confirmed that the 2nd English COVID-19 lockdown would soon come to an end (as England is expected to revert back to the tiered system of restrictions that preceded it), Chancellor Rishi Sunak on Wednesday shared some grim numbers about the state of the British…
British Economy Shrinks By Most In 300 Years Thanks To COVID, Chancellor Warns
Just days after UK Prime MInister Boris Johnson confirmed that the 2nd English COVID-19 lockdown would soon come to an end (as England is expected to revert back to the tiered system of restrictions that preceded it), Chancellor Rishi Sunak on Wednesday shared some grim numbers about the state of the British economy with Parliament….
America’s Economy Cannot Survive Another Lockdown, And The Cult Of The Reset Knows It
By Brandon Smith The U.S. economy has been on the verge of collapse for at least a decade, ever since the crash of 2008 and the subsequent explosion in fiat stimulus from the Federal Reserve. While the mainstream media has always claimed that central bankers “saved” us from another Great Depression, what they actually did…
Investing When Markets Detach From The Economy
Authored by Lance Roberts via RealInvestmentAdvice.com, “The stock market is not the economy.” Such remains the “Siren’s Song” of investors as valuation expansion is the sole driver of the market’s performance. Given that corporations derive their revenue from economic activity, how do you invest when the economy is detached from the economy? I explored this issue in my…
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