Economy

Federal Job Fakery Hits Peak Balderdash

The White House warned us the payrolls print would be low due to Omicron. Bank economists ranged from low to sub-basement negative numbers for today’s expected payroll print. Then the number came out massive beyond belief … and self-contradictory beyond belief as well.

The Money Pump is Working to Drain Stocks … and There is No Safety Shutoff!

There is no safety, as in times past when the Fed was draining money out of the economy and could just flip back to pumping money in, because the Fed is running the outflow pump fast and furious, and the Fed has no option for reversing the pump or even just stopping it this time around.
This time is different — very, very, VERY different, and I’ll tell you why!