This sure doesn’t feel like a recovery…

Household Wealth Plummeted by $13.5 Trillion This Year. “The 8.6 percent drop from January to September is the second fastest decline on record, behind the financial crisis of 2008/2009. Record-high inflation under the Biden administration is causing a decrease in the …

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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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Ford car company cuts 3000 jobs amid restructuring efforts (Biden’s “greatest economic recovery ever”)

by Boo_Randy Henry Ford paid his workers a generous living wage so they could buy the cars they were building…the bloodsuckers who run Ford now fire workers by email. I hate the f*#king corporatocracy. https://www.news.com.au/finance/work/at-work/ford-car-company-cuts-3000-jobs-amid-restructuring-efforts/news-story/32d4cf470a510c9c8adf37199e2d399a Employees at the struggling car …

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Despite some recovery in the markets at the end of last week, the Nasdaq had its worst-performing January since 2008… This crash has just started

https://twitter.com/leadlagreport/status/1489586540581990402 Average YTD member drawdown has hit -21% for NASDAQ and Russell 2000 pic.twitter.com/r1bBiwT0MA — Liz Ann Sonders (@LizAnnSonders) February 4, 2022 FAANG Roulette Continues With Huge Swings in the Price of Amazon The casino is clearly open folks and …

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Inflation Is Killing The Recovery

Authored by Daniel Lacalle, This week, Ned Davis Research published a note titled “turns out, growth looks like it was transitory – inflation is more sticky”. There are many factors that show us that consumers and salaries are being eaten away by …

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CALIFORNICATION: The Challenge of Economic Recovery Continues to Grow under New Regulatory Burdens and More than $2.1 Billion in New Taxes and Fees.

via commonsenseinstituteco: Despite tax revenue to the state’s General Fund rebounding to more than $2 billion above pre-pandemic levels[i] and a surge of more than $65 billion in federal funds to Colorado, the 2021 legislative session, which ended June 8th, resulted in …

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This Is A Weak Jobs Recovery

by Daniel Lacalle via Mises The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. After a massive consensus increase in GDP recovery estimates to 6.5 …

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The Business Cycle Recovery Is Priced In

by UPFINA The business cycle is in its early innings of improvement. That sounds odd to people who follow the stock market more than the economy because stocks have been ramping since March 2020. The stock market once again correctly …

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Semis recovery secured?

via @GS_CapSF: Singapore electronics exports -26.7% Semis recovery secured. $TSM end mkts declining (although some production problems). Concerning that HPC & smartphone are declining so much.