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    Here Comes the Jobs Report...
Feb 3, 2023 - 05:09:00 PST
The Labor Department is set to release its monthly jobs report for January at 8:30 a.m. ET on Friday. Economists expect employers added 190,000 jobs in the month.
U.S. stock futures languished in morning trading Friday as earnings misses from Big Tech giants discouraged recent optimism over interest rates and as investors awaited key monthly employment data.
Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell's messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explores this dilemma in both contexts.
With the recent plunge in natural gas prices, investors want to know if the price collapse is over.  What a change in just the last few months.  In this Natgas Market Update, I discuss the changing fundamentals that caused natural gas prices to drop to the lowest levels in nearly three years...
A surge in revolving credit has not gone unnoticed by lenders. The Fed’s Senior Loan Officer Opinion Survey on bank lending practices showed banks tightening lending standards for commercial, mortgage, and credit card loans.
Former FDIC Vice Chairman Thomas Hoenig on Thurdsay discussed the January Federal Reserve meeting and rate hike. Hoenig claimed that the Federal Reserve and Jerome Powell's handling of the economy has led to a credibility problem.
    Biden Economic Adviser Deese Is Stepping Down: MW
Feb 2, 2023 - 11:40:19 PST
President Joe Biden on Thursday said Brian Deese, who heads the White House's National Economic Council, is departing. Biden said in a statement that he's...
Who’s going to steer away from the cliff? Inquiring minds in Congress, on Wall Street and across the country want to know. Here are some answers.
Whether reflecting the remnants of the pandemic or the difficulty of inflation, Americans remain sour about the state of the union.
    Spot The Odd One Out (Jobs Edition)
Feb 2, 2023 - 08:38:10 PST
So, if you want to believe in the B(L)S, that's fine, but as even Goldman Sachs admitted recently, both claims and JOLTS data is misrepresenting the underlying economic reality in an overly cheerful manner.
In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills. And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their rent, and 17 percent say parents cover a mortgage.
The Federal Reserve's money-supply mistakes mean a recession is coming. Given the usual lag of six to 18 months predicted by the quantity theory of money, a recession is right around the corner.
    What Powell Actually Said
Feb 2, 2023 - 07:40:21 PST
“The historical record cautions strongly against prematurely loosening policy. We will stay the course until the job is done,” but it’s not done, Powell said: Core services inflation ex-housing has not come down.
Apartment List reports the fifth consecutive drop in apartment rent prices but that may not translate to your next lease renewal.
Following November's slump (-1.8% MoM - the biggest drop since the COVID lockdowns), and despite weakening ISM Manufacturing data, analysts expected US Factory Orders to rebound strongly (+2.3% MoM) in December. However, while it did rebound, it rose 'only' 1.8% MoM in December (best since Jan 22)...
"The fact that Russia and China are coming closer and the significant investments by China and new advanced military capabilities just underlines that China poses a threat, poses a challenge also to NATO allies," Stoltenberg told an audience at Keio University in Tokyo. "Security is not regional but global."
British Defense Secretary Ben Wallace said Wednesday that sending fighter jets to Ukraine isn’t the right approach “for now,” but stressed that nothing should be ruled out. “I’ve been involved with this for a pretty long time. And I’ve learned two things; never rule anything in and never rule anything out,” Wallace told reporters when …
    The US Is Making Billions Being Warlords in Yemen
Feb 2, 2023 - 07:20:06 PST
One of Biden’s promises during his presidential campaign was to immediately move to end all support for the Saudi-led coalition’s war in Yemen. In February 2021, Biden stood at a podium at the State Department and proclaimed that the war in Yemen must end.
    ‘At War with Russia’, Europe Peers Down the Abyss
Feb 2, 2023 - 07:19:11 PST
Russia is unlikely to take the bait: It has the real strategic advantage in all areas of engagement with the Ukrainian forces.
    The Decline and Fall of the University
Feb 2, 2023 - 07:16:42 PST
Since retiring from the university, several people have asked if I miss it. I tell them I miss what it was, but not what it has become. Higher education in America has gone from being the best in the world to one of the most pathetic.