By Robert Romano Don’t look now but the unemployment rate creeped up again to 3.9 percent in April, the latest data from the Bureau of Labor Statistics shows , rising from its April 2023 low of 3.4 percent. With it, the unemployment level itself is up 777,000 to nearly 6.5 million. A year ago, it was 5.7 million. The employment side of the equation , the last peak […]

By Robert Romano Vice President Kamala Harris on April 29 began a multi-state Economic Opportunity Tour in Atlanta, Ga. directed at shoring up black voters in swing states who will be essential to President Joe Biden’s bid to reelected in November. In Nov. 2020, in the last Economist-YouGov poll taken before the election , then-candidate Biden was viewed very favorably by 50 percent black voters and somewhat favorably […]

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By Robert Romano “If birth rates continue to plummet, human civilization will end.” That was X, Tesla and SpaceX owner Elon Musk, pointing out on X on April 28 the obvious math involved with plummeting fertility rates in countries all over the world, and reacting to the latest birth rate numbers from the Centers […]

By Robert Romano In the latest Emerson poll showing former President Donald Trump leading incumbent President Joe Biden by 3 points, 46 percent to 43 percent, a remarkable 5.5 percent of 2020 Biden voters now say they are supporting Trump in 2024. Comparatively only 0.9 percent of 2020 Trump voters […]

By Manzanita Miller Despite having upside-down approval ratings on virtually all key issues – including strong negative rankings on immigration, the economy, foreign policy, and crime – President Joe Biden is supposedly closing the gap against former President Donald Trump. A blistering new poll from the […]

By Rick Manning Ken Griffin, founder and 80 percent owner of the hedge fund Citadel LLC, warned his investors, “As we have cautioned over the past year, the surging U.S. public debt is a growing concern that cannot be overlooked.” It seems these types of warnings happen over […]

By Robert Romano Job openings have collapsed more than 3.4 million, or 28 percent since March 2022 when they peaked at 12.1 million, now down to about 8.7 million. That’s a massive drop-off but there’s still more job openings than unemployed as since that time, the number of unemployed has […]

By Robert Romano Consumer inflation in the U.S. once again spiked upward to 3.5 percent over the last 12 months, or 0.4 percent the past month in March, according to the latest data from the Bureau of Labor Statistics . The news comes as the Federal Reserve had been anticipating reducing the Federal Funds Rate this year as inflation had slowed down to 3.2 percent in February, but […]

By Robert Romano Don’t look now, but inflation might not automatically return to below 2 percent before it starts going up again, and it could lead to much higher interest rates, JP Morgan Chase CEO Jamie Dimon is warning in a letter to his company’s shareholders. In the letter, […]