President Joe Biden and his campaign are confident that he can pull in over $1 billion for the 2024 presidential election despite lagging poll numbers and concerns about his age.
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LAYOFFS, PRODUCER PRICES INCREASE: WORST IS YET TO COME
Applications for unemployment benefits rose by 22,000 to 264,000 in the most recent week, the largest number since October 2021, following a series of dramatic staff cuts among Microsoft, Twitter, and other tech giants as well as companies in finance and other industries.
ECONOMIC UPDATE—MARKET OVERVIEW
It’s a numbers game. And of course like most games, those dealing the cards can rig the game. Oh what wonderful news last week. With more jobs created than The Street anticipated, equity markets soared on the “news” that despite the Bankster Bandits raising interest rates for the 10th time in a row, nonfarm payrolls increased 253,000 for April.
GAP BETWEEN THE STOCK MARKET, REALITY AND EVERYTHING ELSE IS NEAR INSANITY
For YEARS we have been witnessing an ever-increasing gap between any kind of reality, the stock market, and just about everything else. It’s always the same story, which also without exception always ends the same way- very badly.
CELENTE: KENNEDY TO WIN RACE TO WHITE HOUSE
A newly released poll showed clear vulnerabilities for President Joe Biden’s reelection campaign as his job approval numbers hit new lows and more Americans than ever question his mental sharpness.
INSIGHTS ON THE TECHNOCRATIC ASCENDANCE, AND WHAT IT MEANS FOR HUMANITY
A few overarching themes can explain and connect a lot of the core aims of technocrats. Technocrats are driven by a quest to comprehensively apply science in order to engineer progress.
U.S. BANKING CRISIS: NOT OVER YET?
Regulators’ seizure of First Republic Bank on 1 May and its quick sale to JPMorgan Chase for $10.6 billion marked a new chapter in the U.S. banking crisis, not its end.
HAPPY DAYS ARE NOT HERE AGAIN: AMERICANS THINK THEIR BEST DAYS ARE BEHIND THEM
A new Pew Research Center Survey suggests that The Trends Journal has its finger on the pulse of the American public that sees economic storm clouds on the horizon and the country’s best days in the rearview mirror.
ECONOMIC UPDATE – MARKET OVERVIEW
The big news on The Street is that after yesterday’s collapse of First Republic Bank, the second largest bank failure in U.S. history which followed the third largest bank failure in U.S. history when Silicon Valley Bank went bust on 10 March—two days before the fourth largest bank failure in U.S. history when Signature Bank went under—is that Happy Days are Here again... and everything is just fine.
SOMETHING WILL GIVE: THE ENTIRE SYSTEM IS BREAKING
Yes, the current monumental disconnect between the world economy and global equity/stock markets is today-off the Richter Scale. But that is just the tip of the iceberg.