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.
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.
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.
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.
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.
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.
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.
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.
The combination of the remote-work revolution and rising interest rates “could be worse than anything corporate landlords have experienced before,” The New York Times said in a 26 April analysis.
I recently had the pleasure of appearing on an episode of the Watchman Privacy Podcast with Gabriel Custodiet (“Leaving Humanity: The Technocratic Worldview with Joe Doran,” episode 65.)