The mass layoffs and shutdown's keep coming...... Good Economy???? Later today ole Jerome and Fed should hike interest rates again I'd assume? Consumer prices gonna keep rising.... Jenny Craig will close its doors after four decades in the weight loss and nutrition … [Read more...] about Jenny Craig will go out of business….Other New Layoffs list…..
US Economy
Less Costing MORE Inflation…Open Thread for May 3, 2023
I'm a old timer..... I use checks.... Last time I ordered them i got 4 bundles of checks..... This time.... I get TWO bundles and guess what? It costs the SAME as FOUR bundles!.... The Fed is NEVER gonna be able to knuckle down consumer price … [Read more...] about Less Costing MORE Inflation…Open Thread for May 3, 2023
President Biden wants to keep pumping money into the economy……
Biden HAS to be driving Fed Chair Powell crazy....... And the Republicans are gonna try to derail this..... Biden Works to Spend Trillions “President Biden is reorienting swaths of the federal government to focus on implementing the sweeping legislation he signed … [Read more...] about President Biden wants to keep pumping money into the economy……
Stop worrying about the Debit Ceiling noise….
In the end? The Debt Ceiling/Budget WILL get done.... It always does.... This is about paying stuff Congress PASTED and APPROVED.... This is like a winter storm reporting by the media.... The deal will be done in the last minute or even after the last … [Read more...] about Stop worrying about the Debit Ceiling noise….
Yea…A Recession…..
The Stock market is DOWN right now..... Layoffs..... Debit Ceiling noise..... Consumer prices ain't dropping.... The stock market is dropping today, and something is clearly bothering it. That something is a recession. Looking at the indexes, you know it’s a bad … [Read more...] about Yea…A Recession…..
The Media joins others in the post Covid rough times……
Fox News will end out paying out over a Billion dollars to voting machine companies .... They have jettisoned a few talking heads and more are sure toi follow.... Same at CNN... Several other outfits are going to slimmer including the political power house of Nate Silver … [Read more...] about The Media joins others in the post Covid rough times……
Three of the largest-ever bank failures have happened since March….
The banks were all cartering to the tech industry which has had massive lay-off since the pandanmic subsided.... First Republic Bank was seized by federal regulators early Monday and sold to JPMorgan Chase Bank. The San Francisco-based bank became the third to fail this year, … [Read more...] about Three of the largest-ever bank failures have happened since March….
US early 2023 Economy IS slowing…..
I know some people (Biden Admin and Market) are selling a Great US Economy.... People out there do NOT 'feel' that..... We now get a look back at last month and see that the US Economy IS slowing into a recession.... Ole Jerome at the Fed is gonna be … [Read more...] about US early 2023 Economy IS slowing…..