American Economics Thread
- Thread starter Bernard
- Start date
The classic Trumpian approach of "If I don't measure for a problem, then the problem does not exist," otherwise known as "3.6 roentgen, not good, not bad." We saw it during the pandemic: "If they just stopped testing, we wouldn't see as many cases."
US stock market in a nutshell:
The ADP US Employment Report revised August's job growth data from 54,000 to -3,000 (minus 3,000). With an even steeper drop in September to -32,000.
Expectations of continued rate cuts are likely to rise now.
Part 50:
A recent survey by outplacement firm Careerminds found that 78% of HR leaders in the US admit their companies have experienced multiple rounds of layoffs. In fact, 40% of HR leaders in the US say layoffs now occur quarterly at their companies...
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According to the latest numbers released by Target, store traffic has been declining almost every week since late January...
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At Walmart, many products have had their prices increased by more than 20% this year…
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The size of the U.S. cattle herd has fallen to its lowest level since 1951...
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An income of $100,000 doesn't even cover the average cost of living in 13 US states...
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A recent survey found that the average American spends 42% of their annual income on housing costs...
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According to Newsweek, 446 large companies filed for bankruptcy in the first seven months of this year. That's the highest total since 2010...
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Of course, it's not just big companies that are going bankrupt in alarming numbers...
Part 51:
And it turns out that the number of farm bankruptcies in the United States has also been increasing…
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At this point, roughly two-thirds of Americans who carry debt admit to “minimizing it or hiding it from others”…
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Americans have become so obsessed with financial problems that they think about it constantly...
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A recent survey found that 53% of Americans are feeling financial stress "more intensely than ever before."...
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Nearly 70% of Americans now believe the American Dream is dead, and only 25% of Americans think they “have a good chance to improve their standard of living”…
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The default rate on office mortgages that were securitized in commercial mortgage-backed securities has reached an all-time high...
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Rising stock prices are allowing the richest 10% of all Americans to control 60% of the wealth...
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A CBS News/YouGov poll released today found that the percentage of Americans who believe economic conditions are worsening is more than double the percentage of Americans who believe economic conditions are improving…
Part 52:
The U.S. economy needs to generate about 150,000 new jobs per month just to keep up with population growth. So the fact that ADP is reporting that the United States fell below that level again last month is a very worrying sign…
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Initial jobless claims rose to 237,000 last week...
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The number of job openings in the US has fallen to its lowest level in nearly five years…
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Mass layoffs continue to occur across the country. For example, ConocoPhillips is reducing its workforce by 20 to 25 percent...
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U.S. manufacturing activity has now contracted for the sixth consecutive month…
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Available job openings are quickly filling up…
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According to economist Mark Zandi, several US states are already experiencing recessionary conditions…
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Newsweek reports that the cost of living the American Dream for a lifetime has reached $5 million…
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Large employers have been eliminating high-paying jobs across the country, and in many cases, these layoffs are being driven by the AI revolution...
Part 53:
I've already warned about the amount of fake data from the US government, now fake BLS bureaucrats have reported that 911,000 "jobs" they originally said were "created" during the 12 months ending in March 2025 never existed...
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As Zero Hedge rightly pointed out, approximately 2 million jobs that were supposedly created during the last three years of the Biden administration “have now been reviewed and eliminated”…
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And the US continues to lose more manufacturing jobs month after month…
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According to a recent survey by PNC Bank, 67% of U.S. workers now live paycheck to paycheck…
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There are reports that consumer confidence "fell sharply in September"...
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Parents send their children to public schools believing they will receive a quality education, but the truth is that the quality of education in public schools only gets worse...
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“Deaths of despair” caused by alcohol abuse, drug abuse, and suicide are skyrocketing…
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As of September 15, the tech sector had laid off more than 166,000 workers. And by the end of this year, the overall total is projected to reach nearly a quarter of a million...
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The tech company cutting the most jobs is Intel. By the end of this year, more than 30,000 Intel employees will be forced to work outside...
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Of course, painful layoffs are happening in many other sectors as well. In fact, widespread layoffs of this magnitude haven't been seen in the construction industry since the days of the Great Recession...
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According to the president of the Arkansas Rice Growers Association, banks are projecting “25% to 40% farm bankruptcies”…