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08.09.2022

Grow the IRS Act

08.05.2022

Why Biden’s betting unemployment will stay low for now

By Robert Romano Today, the U.S. unemployment rate ticked down to a 50-year low of 3.5 percent as 179,000 more Americans were employed in the Bureau of Labor Statistics’ household survey. After today, there will only be three more unemployment reports before the Nov. 8 Congressional midterms : Sept. 2, Oct. 7 and Nov. 4. President Joe Biden — who said the day […]

08.04.2022

Biden’s weaponization of the FTC

By Richard Manning The Federal Trade Commission’s website states, “Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.” The Biden FTC, led by Chair Lina Khan, in […]

08.04.2022

Job openings have crashed 1.1 million since March in yet another recession signal

By Robert Romano Job openings have crashed by more than 1.1 million since March to about 10.7 million, appearing to signal an imminent uptick in the unemployment rate over the coming months and perhaps years depending on the severity of the current recession, an analysis of Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover (JOLT) survey and household survey data showing an inverse relationship […]

08.02.2022

Cartoon: Red Ink Sea

08.01.2022

Biden’s carbon taxes, green subsidies and manufacturing tax hikes sound like a recession

By Robert Romano “That doesn’t sound like a recession to me.” That was President Joe Biden on July 28, right before he rushed away from reporters who likely had questions about the 0.9 percent contraction annualized of the Gross Domestic Product (GDP) in the second quarter reported by the Bureau of […]

07.29.2022

Cartoon: Reimagine Disaster

07.28.2022

U.S. falls into recession after GDP contracts another 0.9 percent in second quarter

By Robert Romano The U.S. economy contracted another 0.9 percent in the second quarter of 2022, following a 1.6 percent decline in the first quarter and thus marking the second consecutive quarter of negative growth — usually thought to signal a recession — according to the latest data by the Bureau of Economic Analysis (BEA) . But wait, says […]

07.22.2022

Unemployment continuing claims climbed 122,000 on a net basis to 1.4 million in a week as recession signals flash red everywhere

By Robert Romano Unemployment insurance continuing claims increased by 122,000 on a non-seasonally adjusted basis from July 2 to July 9 to 1.45 million, the latest U.S. Department of Labor data shows , as multiple historical recession signals are flashing red. The number comes as initial unemployment claims have continued ticking upward on both on […]

07.19.2022

Happy Talk: The Biden White House is still clinging to hope there is no recession. We’ll find out July 28.

By Robert Romano “It is very hard to conclude that we are in a recession when you look at the payroll and the job gains that we’ve seen now, it is tricky to look around the corner here, and I’m not going to predict quarters down the […]

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