According to the BLS’ own Employment Situation Report for June 2020 the real jobless rate is around 33%

by Aegidius25 This Thursday the Bureau of Labor Statistics (BLS) released it’s monthly employment report. I’ve long had a problem with the numbers this government agency puts out. Over the years they have been brazenly manipulated and much of the data it purports to show isn’t much more than a glorified guess. The report is made up … Read more

Uber’s former Chief Business Officer on Postmates: “At $2.4B it is unclear how Uber benefits, as a combined entity would improve its market position in just one major city, Los Angeles. There are likely better ways for Uber to spend $2.4B it feels a little expensive.”

https://www.benzinga.com/media/20/07/16472169/ubers-ex-chief-business-officer-isnt-a-fan-of-reported-postmates-deal is reportedly interested in acquiring rival Postmates for $2.4 billion. The company’s former Chief Business Officer Emil Michael was a guest on Fox Business to talk about the deal and the general state of the food delivery business. Michael On Uber Acquiring Postmates: Postmates is ranked fourth in the food delivery market, and an … Read more

One can be wondering if the US stock market is at the right place when taking employment levels into consideration…

https://twitter.com/HondoTomasz/status/1278678720543408129 Atlanta Fed GDPNow vs. U.S. GDP Growth: pic.twitter.com/OxnqE5fTWe — Michael McDonough (@M_McDonough) July 2, 2020 Initial jobless claims remain >1.4mn for yet another week. Continuing state level claims persist above 19mn again. Total claims move higher to 31.5mn. pic.twitter.com/xCa6HNcXCF — Joshua Steiner (@HedgeyeFIG) July 2, 2020 "I don't think I'm alone in expressing concern … Read more

Fed has arranged structure that allows them to buy stocks once they announce it.

I’ll add this. Fed has arranged structure that allows them to buy stocks once they announce it. https://t.co/mppkhSwGQt — Danielle DiMartino Booth (@DiMartinoBooth) July 3, 2020 Inflation is coming, but first another deflationary wave. Central Banks will try to inflate away the debt. Gold & Silver will become very cheap in the coming months. — … Read more

Massachusetts city gives polyamory same legal rights as married couples

by Dr. Eowyn And to Hell goes America in the proverbial handbasket. Christine Rouselle reports for Catholic News Agency, July 2, 2020, that the city of Somerville, Massachusetts, has broadened its definition of domestic partnership to give polyamorous relationships the same rights as a married couple. The original draft of the city ordinance specified that a domestic … Read more

Harris County DA to drop charges against more than 600 Houston protesters

HOUSTON, Texas (KTRK) — Just hours after George Floyd’s funeral service in Houston, the Harris County District Attorney’s Office said it’s dropping charges against 796 protesters in Houston. BREAKING: DA sources say @HarrisCountyDAO dropping charges against 600+ demonstrators arrested in Houston protests. @abc13houston pic.twitter.com/01ECfmGElz — Ted Oberg (@TedABC13) June 10, 2020 https://abc13.com/district-attorney-george-floyd-charges-dropped-protesters/6239927/

Marc Faber: The Unintended Consequences Of Social, Economic, and Monetary Monetary Interventions

via gloomboomdoom: Monthly Market Commentary: July 1, 2020 I find the idea of defunding the police to be ludicrous. This particularly in the US where violence is so widespread. During Father Day weekend in Chicago, 103 people were shot, 14 killed, including a three-year old Black girl. According to Patrick Buchanan, “To pander to the militants … Read more