US Jobs: Private Payrolls Rise By 233k In October After Rising 319k In September (-27% MoM), Unemployment Rate Edges Up To 3.7% As Wage Growth Cools To 4.7% (Too Bad Inflation Is At 8.2%)

by confoundedinterest17 President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%. Private payrolls added 233k jobs in October, which is a …

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The Truth About the Federal Reserve

by Chris Black The Federal Reserve Act of 1913 says it will back each Federal Reserve Note in circulation with forty cents of gold. They don’t do this. The Federal Reserve Act of 1913 says that bankers are to be …

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UK food prices soar by fastest rate on record as cost of living crisis bites

This isn’t a “cost of living crisis” – it’s a “cost of oligarchy crisis.” https://www.theguardian.com/business/2022/nov/02/uk-food-prices-soar-by-fastest-rate-on-record-as-cost-of-living-crisis-bites Annual rise of 11.6% comes as milk, teabags and sugar become more expensive UK food price inflation soared to a record annual rate of 11.6% …

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South Korea scrambles 80 jets to the Norths 180.

SEOUL, Nov. 4 (Yonhap) — South Korea scrambled dozens of stealth fighter jets and other warplanes Friday after detecting more than 180 North Korean military aircraft activities in various locations via radar, Seoul’s defense authorities said. https://m-en.yna.co.kr/view/AEN20221104009400325

What Is This Place, Seriously?

by Matrix Doctor I am an empathetic person most of the time, as I’m sure many of you are here too. I can feel people’s emotions, and sometimes it really sucks because these days lots of us are truly suffering the …

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Are The FANG Stocks Dead?

By Lance Roberts Are the FANG stocks dead? Or, to be clear, are the MANNGMAT stocks dead? Of course, we are talking about the big technology heavyweights of Meta (FB), Apple (AAPL), Netflix (NFLX), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), …

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General Hamilton Mourão, Serving Under Bolsonaro, Says There Will Be NO Military Involvement, Says People Should Vote Harder in 2026 Instead

Brasileiros, há hoje um Sentimento de frustração, mas o problema surgiu quando aceitamos passivamente a escandalosa manobra jurídica que, sob um argumento pífio e decorridos 5 anos, anulou os processos e consequentes condenações do @LulaOficial. — General Hamilton Mourão (@GeneralMourao) …

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Meanwhile, in our “booming economic recovery” (cough), the layoffs are starting to add up. Will it extend to Congress next week?

Layoffs announced in the last day: – Lyft 13% of workers– Opendoor 18%– Stripe 14%– Chime 12%– Twitter 50%– Morgan Stanley (% unknown) — Genevieve Roch-Decter, CFA (@GRDecter) November 3, 2022 https://twitter.com/TheLayoff?t=_Elw5alB0WH8dP0ytQH_7w&s=09 There are more resurfacing with more #s… Twitter …

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