Some voices have been saying for years that the seeming economic boom was not real. It was a result of monetary pumping, government spending, and tremendous data fakery. For anyone paying close attention, the bubble was obvious all along.
Wall Street plunged in its worst drop in nearly two years as recession fears and global market turmoil spooked investors.
On the latest episode of “The Tony Kinnett Cast,” we examine the colossal failure of Bidenomics and his proposed sequel to make things worse as another month of employment statistics warn of a looming recession in the middle of a presidential election year. Is an interest rate drop enough to save the stock market this fall?
Wall Street is chattering about recession again, and this week there’s evidence to back up the worry: bad economic data, a plunge in equities and the dispiriting Presidential campaign. Who to blame may preoccupy the election season.
In the last several years, the jobs report has proved to be one of the more interesting statistical releases from the Bureau of Labor Statistics (BLS). Reading it is a bit like playing a shell game at the county fair. You know the bean is under one of the shells but they move around so quickly that it is hard to find.
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