Category Archives: Economics

August Jobs Report

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The Bureau of Labor and Statistics (BLS) released the August Jobs Report [DATA HERE].

The headline news that will be heralded by the White House Press Secretary is a net gain of 315,000 jobs.  Unemployment rose to 3.7%.

I wonder how over-inflated that the jobs number is in view of the recent downward revision of the June numbers by 105,000.  It never ceases to catch my attention how jobs numbers are almost always overstated when a Democrat is President and understated when a Republican is President.   I wonder why that is.

The real story is buried in the details.  Sundance has done a quick dive into the data.  This has yielded some interesting results.

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Is The Dark Side Stronger?

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Neil Oliver has delivered another excellent weekly monologue.  First, Oliver walks through British officials trying to squirm out from under the results of pushing the COVID nonsense and panic.  Then he swivels to the much more important issue of what the real agenda is of the people who think they rule the world unopposed.

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Odds & Ends

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WARNING:  SATIRE AHEAD

“WEST PALM BEACH- -High level Chinese asset and sex trafficker Hunter Biden breathed a sigh of relief as an FBI raid team passed by his West Palm Beach vacation home to raid Donald Trump’s residence in Mar-a-Lago.

“Whew! Thought they had me for a minute there,” Biden sighed, according to sources before going back to smoking crack with a hooker on a pile of cash freshly delivered by Chinese agents. “Glad to know the FBI is still working for my Dad!”

The FBI arrived at Mar-a-Lago shortly after, but things got awkward after the FBI raid team ran into the FBI evidence planting team due to a scheduling mistake.”

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Employment Numbers Disconnect

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The Bureau of Labor Statistics (BLS) report on labor shows a stunning disconnect.  And this disconnect has been going on for some time.  According to the BLS Establishment survey, 528,000 jobs were added in July.  This is more than double the expectations of the so-called experts.  This would make the employment situation red hot in this country.

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There Is No Recession

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No recession is the mantra that is currently being rolled out by the bobbleheads in the media and the liars in Congress and the White House.  This ignores the data coming from the Bureau of Economic Analysis (BEA) which showed that despite the unusual situation with import data that helped the GDP, the US economy shrunk again the second quarter.  This followed a shrinking of the economy in the first quarter.

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The ‘R’ Word

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A recession is coming.  Actually, it is already here.  How do I know?  The top officials in the Avatar’s administration are screaming that we are not in a recession ahead of this week’s report that will show us to be in a recession.  They are even trying to change the definition of a recession just like they changed the definition of a vaccine.

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