We Just Got Some Good Economic News

When some good economic news comes along, we should be thankful for it, because such moments are becoming increasingly rare.  On Friday, the Labor Department announced that the U.S. economy added 128,000 jobs last month, and that definitely exceeded expectations.  Of course the truth is that the U.S. economy didn’t actually add 128,000 jobs last month.  That number is just a heavily manipulated estimate that is adjusted to smooth out “seasonal fluctuations”, and it will be revised multiple times in the future as more data becomes available.  In other words, the government is giving us an educated guess about what they think might have happened, and it is based on certain assumptions that may or may not be reasonable.  But considering all of the other horrible economic news that we have been getting lately, any number above zero is a reason to celebrate.  The employment situation in this country still appears to be relatively stable, and we should hope that continues to be the case for as long as possible. (Read More...)

More Bad Economic Numbers Put A Huge Dent In The Case Of The Economic Optimists

For a long time, people have been trying to tell me that the U.S. economy is headed for a new golden era.  They insist that the U.S. will be more powerful and more respected than ever before, and that we will see unprecedented prosperity in this nation.  But despite extremely wild spending by the U.S. government and exceedingly irresponsible intervention by the Federal Reserve, the U.S. economy has not even had a “good” year in ages.  As I have pointed out numerous times, we have not had a year when U.S. GDP grew by at least 3 percent since the middle of the Bush administration, and that makes this the longest stretch of low growth in all of U.S. history by a very wide margin.  Many believe that brighter days may still be ahead, but all of the economic numbers that we have been getting in recent months make it abundantly clear that a new economic slowdown has begun.  I shared 14 of those numbers earlier this week, and I will share some brand new ones with you today. (Read More...)

What In The World Is The Federal Reserve Thinking???

You don’t use up all of your ammunition before the battle even begins.  The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020.  When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible.  So I was horrified to learn that the Federal Reserve announced on Wednesday that interest rates are being slashed once again.  We have now had three interest rate cuts in 2019 as the Federal Reserve desperately attempts to revive the stalling U.S. economy.  But what are they going to do during the next recession when they have already pushed interest rates all the way to the floor and they can’t push them any lower?  In addition, in recent days the Federal Reserve has decided to absolutely flood the financial system with new money in a desperate attempt to stabilize the repo market.  In essence, the Federal Reserve has launched a massive new round of quantitative easing even before a major crisis has erupted on Wall Street.  I can understand trying to be proactive, but in reality quantitative easing is an extreme emergency measure that should only be used in the most desperate of situations.  If the Fed is creating this much new money now, what are they going to do once things really get bad?  Are we destined to become the next Venezuela? (Read More...)

The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very ominous turn.  Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the “transportation recession” continues to get deeper and it appears that the housing bubble is popping.  Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020. (Read More...)

The Democrats Really Think That They Have Finally Got Trump This Time

It seems like the Democrats have been trying to figure out a way to remove Donald Trump from office forever.  Trump was under investigation even before he won the election, and it has literally been a miracle that his presidency has been able to survive for as long as it has.  But now the Democrats think that they have finally got him.  A parade of witnesses has come forward testifying that Trump pressured the president of Ukraine to investigate Joe Biden and his son, and that Trump withheld key military aid from Ukraine as leverage.  Nancy Pelosi, Adam Schiff and other top Democrats believe that this constitutes an “abuse of power”, and that this “abuse of power” qualifies as a “high crime or misdemeanor”.  Other than Fox News, the mainstream media is solidly behind the Democrats on this, and we have seen a shift in public opinion polls in favor of impeachment.  Many conservatives continue to doubt that an impeachment trial will actually happen, but Nancy Pelosi would have never let things get this far if she didn’t know for sure that she has the votes that she needs to impeach Trump in the House.  At this point, it appears extremely likely that Trump will be impeached, and that will set up a historic trial in the U.S. Senate. (Read More...)

“Diablo Winds” Are Ferociously Whipping “Out Of Control” Wildfires Across Vast Stretches Of Northern California

Why does this keep happening to California year after year?  As you read this article, enormous wildfires are ravaging large portions of northern California, and Governor Gavin Newsom has already declared a statewide emergency.  An extreme wind event that began on Saturday evening is pushing the fires along at a staggering rate, and when the winds are howling this ferociously it is exceedingly difficult for firefighters to keep the fires from spreading.  It was being reported that on Sunday morning there were sustained winds exceeding 90 mph in northern California with “gusts that topped 100 mph”.  It was the strongest wind event in several years, and it came at an extremely unfortunate time.  These “hurricane-force Diablo winds” will continue into Monday morning, but that doesn’t mean that things will start to get better.  As you will see below, another extreme wind event is in the forecast for Tuesday and Wednesday. (Read More...)

Global Authorities Brace For A Worldwide Protein Shortage As “One-Quarter Of Earth’s Pigs Have Been Wiped Out”

African Swine Fever is killing millions upon millions of pigs all over the world, and this threatens to create a crippling global shortage of protein as we head into 2020.  This epidemic began in China last year, and it is now also running wild in North Korea, Vietnam, Laos, Cambodia, Myanmar and the Philippines.  But this crisis is certainly not limited to Asia.  According to the Washington Post, so far in 2019 there have also been outbreaks “in Belgium, Bulgaria, Hungary, Latvia, Poland, Romania, Russia and Ukraine.”  Overall, cases of African Swine Fever have been documented “in nearly 50 nations”, and U.S. pork producers are extremely concerned that it could start spreading here too. (Read More...)

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