Jobless Claims Fall 10K for Week Ending October 5, Easily Beating Forecast

Source: PPD Business Staff The U.S. Labor Department reported initial jobless claims fell 10,000 to a seasonally adjusted 210,000 for the week ending October 5, beating consensus. The 4-week average came in at 213,750 for the week, a gain of 1,000. The advance seasonally adjusted insured unemployment rate rose 0.1% to a still very low 1.2% for the week ending September 28. In early October, the insured unemployment rate fell to an all-time low 1.1%. Not seasonally adjusted, the insured unemployment rate remained at 1.0%. The advance number of insured unemployment…

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Economic Blows: Trump Adds Tariffs To Cheese, Olive Oil, & Wine

Source: Mac Slavo In what can only be considered additional blows to the United States consumer, the Trump administration has now added tariffs to some products coming from the European Union. Cheese, olive oil, scotch, wine, and coffee have all been targeted by the government. The World Trade Organization has authorized the Trump administration to impose duties on the EU after deciding that the EU failed to completely end illegal loan subsidy programs for Airbus. The EU argues it has taken meaningful steps to comply and expects the WTO to…

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NYC Restaurants Feel the Burn, Cut Workers’ Hours And Close Down After $15 Minimum Wage Hike

Source: J.R This was always going to be the case. When minimum wage rises, businesses are forced to cut workers’ hours, raise prices on consumers, stop hiring altogether, and/or go out of business entirely. Thanks, Democrats! New York City restaurants are feeling the heat. TrendingPolitics.com: All The Top Trump News WITHOUT The Liberal Censorship Big Apple restaurants are feeling the heat from minimum wage hikes, cutting staff hours and even closing kitchens as they struggle to shoulder the extra payroll costs. Gabriela’s Restaurant and Tequila Bar, a margarita and taco…

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JPMorgan CRIMINALS EXPOSED: Watch Gold Hit $1,600!

Source: Tom Beck I asked Tom Beck, founder of PortfolioWealthGlobal.com, to email me his thoughts about the incredible story of the Dollar Credit Squeeze, the Repo Operation by the FED. What he put together was so compelling and educational that I asked his permission to share it with you. Please read! In September 2018, I bought 50 ounces of gold eagles at $1,200. The following week, gold hit $1,180 and I issued an exclusive alert in the newsletter, along with this REPORT, in which I called the bottom. I’ve never…

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CFOs In The U.S. Brace For A Recession BEFORE The 2020 Election

Source: Mac Slavo Chief financial officers in the United States have started to prepare themselves and their finances for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining talented workers. According to CNN, 53 percent of chief financial officers expect the United States to enter a recession prior to the 2020 presidential election. That information was sourced from the Duke University/CFO Global Business Outlook survey released on Wednesday. And two-thirds predict a downturn by…

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Jobs, Jobs, Jobs!!! July Results Show 130,000 More New Jobs

Source: Joe Hoft 2018 Was Year of the Worker Thanks to President Trump and 2019 is continuing with arguably the best economy in US history. Job numbers released today through the end of July show an increase of another 130,000 jobs – much more than expected! And unemployment remains at historical low 3.7%! The White House continues to report that this economy could arguably be the best all time. According to data released this morning by the Bureau of Labor Statistics, President Trump has added more than 6 million jobs…

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Retailers Warn Of Price Hikes Before Christmas As More Tariffs Go Into Effect

Source: Mac Slavo The Trump administration raised tariffs another 5% officially on Wednesday, prompting angry warnings from retailers about price increases on goods such as toys before the holiday shopping season. It sure looks like the punishment on the already cash strapped American consumer will not abate anytime soon. More than 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association, and Association of Equipment Manufacturers, have urged President Donald Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday…

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Furious Trump Unloads On Fed: Asks “Who Is Our Bigger Enemy: Powell Or Xi”

Source: Tyler Durden Moments after J-Powell’s J-Hole speech hit, we summarized our longish take as follows: in the aftermath of Trump daring the Fed to “show their stuff”, Powell did not do that and instead… TL/DR: The Fed did not show their stuff. And now, over to Trump’s twitter account — zerohedge (@zerohedge) August 23, 2019 We didn’t have long to wait, because with stocks unsure initially how to respond – they eventually did trade in the green as algos convinced themselves that Powell’s speech was more dovish than hawkish…

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Trump Is Looking Into “Various Tax Reductions” To Boost The Economy

Source: Mac Slavo In an economic move that everyone except the mainstream media can get behind, President Donald Trump is considering reducing the heavy taxation burden on Americans to help boost the economy.  Lower taxes means less is stolen from the producers and flowing into the hands of the parasites.  No one should care how much money the government will lose. Theft is theft whether it’s done by the government or by individuals, and governments are the heavyweight champions of theft.  This is like being upset that your home got…

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The Middle Class Is Getting DESTROYED?

Source: Mac Slavo Youtuber Jeremiah Babe tells it like it is, and doesn’t mince his words.  The middle class is getting eviscerated and it’ll be so much worse once the economy comes crashing down again. In his recent video, Babe says far too many Americans are staring the boogeyman in the face and yet they still ignore the “dangers that are coming with this [economic] collapse.” He added: “I’m absolutely dumbfounded by the lack of common sense here in America in regards to what is happening to this economy.” [embedded…

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ANOTHER TRUMP WIN: Fed Cuts Interest Rates

Source: Hank Berrien On Wednesday, for the first time since the Great Recession of 2008, the Federal Reserve lowered interest rates. As CNN reported, “Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to “act as appropriate” to sustain the country’s longest economic expansion in history.” Powell explained, “The outlook for the U.S. economy remains favorable and this action is designed to support that outlook. It is intended to ensure against downside risks from…

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Omar: End ‘Capitalist System.’ Guarantee Jobs, Housing, Medicare and Abortion for All

Source: Terence P. Jeffrey In the new nation that Democratic Rep. Ilhan Omar of Minnesota seeks to create, the “capitalist system” will be left behind in pursuit of a “fair and just economy” where the federal government guarantees everybody jobs, housing, health care and free abortions. How can we know this? She has declared it in writing. Omar’s campaign website includes a section called “Ilhan’s Vision.” The agenda it presents contradicts foundational American principles — particularly the rights to life and property — that were spelt out in the Declaration…

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Is Libra The West’s Response To China’s Payments Empire?

The recent announcement of the Libra consortium, distributed ledger and currency initiated by Facebook has led to much discussion and debate. Source: Tyler Durden Some view it as an extension of the surveillance capitalism model of Facebook. Others view it as a pipe dream that can’t possibly work. Having dug into the technical details and the wider global changes with which this intersects, we believe there is potential for Libra to change the world – in ways most don’t expect. [embedded content] A coin and a chain. To start out,…

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BIS Warns “Slowdown Is Worsening And Spreading” As Central Banks Run Out Of Ammo

Source: Tyler Durden Every six month or so, the Bank of International Settlements, also known as the central banks’ central bank, publishes some dire warning about the increasingly precarious state of the global financial system – largely as a result of an unprecedented monetary experiment that is now pushing on a string – and every six months or so the world’s most important central bankers congregate on 18th floor of the circular BIS tower in Basel where they decide to ignore all the warnings and double-down on policies that haven’t…

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Prepare For The Day Of Reckoning: The National Debt IS A Worsening Problem

Source: Mac Slavo The day of reckoning is coming for the United States’ national debt and it will likely come in the form of a dollar collapse. This is a problem for every single person on the globe and it’s only getting worse. The nonpartisan Congressional Budget Office has published its latest forecast and assessment of the nation’s fiscal health as we are bombarded with Democrat rhetoric of impossible spending measures and unfulfillable promises if only they are voted for. Large budget deficits over the next 30 years are projected…

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Lockheed Martin Announces $142 Million Expansion of Arkansas Plant, More Than 300 New Jobs

(CNSNews.com) — Lockheed Martin is investing $142 million in its Camden, Arkansas facility, which will add 326 new jobs by 2024, according to a June 17 press release from the company. Lockheed Martin plans to expand its facility to include two new production buildings that will support manufacturing long-range fires products and PAC-3 missile defense capabilities. Currently, the company’s Camden buildings occupy a combined manufacturing and support function floor space that exceeds 1.9 million square feet spread out over more than 1,800 acres of land. (Screenshot, YouTube) Approximately 650 employees work…

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How To Buy Precious Metals: Simple Precious Metals Buying Guide For “Insurance”

Source: Mac Slavo While some people invest in precious metals as an investment, preppers tend to look at is as a useful currency in the event of a dollar collapse or all-out economic crash. We tend to think of it more as “insurance.”  Regardless of why you may want to own some precious metals, oftentimes the only place to get it is online. Because of that, I have put together a guide that I hope helps those who have put off their gold or silver purchase over fears of conducting…

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Trump Warned America’s Exploding National Debt Was Dangerous. Now He’s President, And The Debt Is Still Growing

Source: Peter Hasson | Reporter President Donald Trump repeatedly warned during his 2016 campaign that America’s expanding national debt posed a threat to the country and promised to slash deficits if he was elected. But the national debt has only continued to grow under the Trump administration. The federal government ran a deficit of $739 billion in the first eight months of Fiscal Year 2019 (October 2018-May 2019), according to figures released by the U.S. Treasury Department on Wednesday. The deficit over those eight months is almost equal to the…

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Trump Warned America’s Exploding National Debt Was Dangerous. Now He’s President, And The Debt Is Still Growing

Source: Peter Hasson | Reporter President Donald Trump repeatedly warned during his 2016 campaign that America’s expanding national debt posed a threat to the country and promised to slash deficits if he was elected. But the national debt has only continued to grow under the Trump administration. The federal government ran a deficit of $739 billion in the first eight months of Fiscal Year 2019 (October 2018-May 2019), according to figures released by the U.S. Treasury Department on Wednesday. The deficit over those eight months is almost equal to the…

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US consumer sentiment surges to highest level in 15 years

Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday. The University of Michigan’s preliminary print on its consumer sentiment index rose to 102.4, up from 97.2 in April and well ahead of economist expectations of 97.5. “Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and longer term reaching their highest levels since 2004,” said Richard Curtin, chief economist…

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China’s Holdings of U.S. Treasury Securities Hit 22-Month Low

(CNSNews.com) – Chinese holdings of U.S. Treasury securities hit a 22-month low in March, according to data released today by the U.S. Treasury. As of February, entities in the People’s Republic of China had owned $1,130,900,000,000 in U.S. Treasury securities. But in March that dropped to $1,120,500,000,000—a decline of $10,400,000,000. The last time entities in China owned less than $1,120,500,000,000 in U.S. Treasury securities was in May 2017, when Chinese holdings were $1,102,200,000,000. Chinese holdings of U.S. Treasury securities peaked more than five years ago in November 2013 at $1,316,700,000,000.…

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We Have 3 Years Before The National Debt “DEATH SPIRAL”

Source: Mac Slavo According to the U.S. Treasury Department’s Office of Debt Management, the U.S. government is just five years away from the point of no return.  With the national debt spiraling quickly out of control, there are only a few years left before every single dollar the government borrows will go toward funding interest payments on the national debt. The Independent Blog said that the main takeaway from the Debt Management Office’s Fiscal Year 2019 Q1 Report, which featured the Office of Management and Budget’s latest projection of the…

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Wall Street Bear Who Said A 2019 Recession Was “Virtually Unavoidable” Doubles Down

The wall street bear who claimed that an economic recession in 2019 will be “virtually unavoidable” has doubled down on his assessment.  He warning that the corporate buybacks will fuel the next recession. Gluskin Sheff Chief Economist and Strategist David Rosenberg acknowledged that his prediction about the recession may have come a bit too soon, but  the risks in the United States economy are not to be ignored, he warned Thursday on CNBC‘s “Futures Now.” Rosenberg said that people just aren’t looking in the right places and that once they…

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Rates For Mortgages Fell Once Again, For The Third Week In A Row

Source: Mac Slavo Mortgage rates have slumped once again, and are now stretching into the third straight week of decreases. The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday. That was down 4 basis points during the week while the 15-year fixed-rate mortgage averaged 3.57%, down from 3.60%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, down 5 basis points. According to Market Watch, thanks to concerns about the economy and choppy markets, investors have been piling into bonds this year. Bond yields fall as…

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Would Green Socialism Shut Down e-Commerce?

Source: William R. Hawkins A few weeks ago a long essay appeared in The New Republic by staff writer by Emily Atkin titled “Breaking up Amazon Won’t Solve Its Climate Problem: The tech giant changed how Americans buy stuff. It will have to do so again — whether it wants to or not” that displayed the Green Left’s leanings toward totalitarianism. It isn’t just Amazon’s way of doing business they want to change, but the behavior of its customers, who will also have to change the way they purchase merchandise whether they want to…

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How the American Culture of Convenience Is Killing Us

Daisy Luther, The Organic PrepperWaking Times In the United States, we are lucky to have massive convenience at our fingertips. I was talking to one of the instructors for the urban survival course, who is from Sweden, on a car ride. He was blown away by some of the things I told him about the levels of convenience and comfort in the United States. Things I completely took for granted don’t even exist there. I thought some of you might be interested in hearing about some of the insights we…

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Lowest unemployment in 19 years for workers without bachelor’s degrees in April

Source: Joseph Lawler Unemployment for workers without bachelor’s degrees fell to the lowest rate in 19 years in April, the Bureau of Labor Statistics reported Friday, a sign the recovery is benefiting the people most in need of help as it stretches toward a 10th year. Unemployment for workers without four-year or graduate degrees fell to just 3.5% in April, the lowest such mark since the 3.4% rate in April 2000, which was the lowest recorded, with data going back to 1992. That statistic, which is adjusted for seasonal variations,…

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Joy: Economy’s Good But Trump’s ‘So Disgusting’ Americans ‘Hate Him,’ Regrets It

Joy Behar had a hard time on The View today. The 75-year-old Trump hater had to admit the economy was roaring, but she refuses to give any credit to President Donald Trump. In fact, she said Americans won’t vote for Trump because he’s “so disgusting” and they “hate him.” Well, instantly she was made to regret it. You’ll love this. President Donald Trump and Joy Behar (Photo Credit: Alex Wong/Getty Images, YouTube/Screenshot) Joy Behar’s problem is she is so skewed by who she perceives President Trump to be, the former…

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Retail Apocalypse: Rate Of Store Closures Accelerates After Already Hitting RECORD HIGHS

Source: Mac Slavo The retail apocalypse is upon us and after hitting all-time record high levels of store closures, the pace has accelerated. Hundreds of thousands of workers have already lost their jobs in the past decade thanks to store closures, and that number is going to skyrocket in the very near future. According to a report by Business Insider, more than 6,100 stores have been slated for closure so far in 2019, already exceeding last year’s total number of closures. The states hit hardest by retail job losses or layoffs over…

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US Trade Deficit ‘Down Significantly’ in 1st Qtr of 2019

Trade could boost first quarter GDP ‘probably by close to a full point on the growth rate’… (AFP) The US trade deficit in February fell to its lowest level in eight months, thanks in part to rising aircraft and auto exports, according to government data released Wednesday. It was the second month in a row that the trade deficit had declined — after hitting a 10-year high in December — which also was helped by the steady rise in exports of US services, according to the Commerce Department. The narrowing trade…

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