25 thoughts on “Economic insight: Trade data now confirming the American onshoring trend”
Not in Labor Force -BLS household survey
In July, 100,051-99,812 = 239k workers left the work force while jobs climbed 179k.
And we wonder why wages are climbing….
We know why the numbers of those leaving the workforce are climbing, though the overall population is climbing or remaining constant. The reasons included: ill or disabled, retired, taking care of home or family, going to school, could not find work and other.
These are those who have been disabled from the jabs. These multiple sigma events cannot be explained from chance.
Beef prices are poised for a surge that could last years, experts say
Beef prices are poised to surge as a severe drought across the western US forces mass cattle slaughters — and meat distributors say the natural disaster could keep supplies tight for years.
From supermarkets to swanky steakhouses, purveyors warn that consumers could be faced with painful price increases — especially on prime meat — as soon as this month.
Soylent green is on the way. In fact some mainstream media outlets such as New York times are suggesting cannibalism as an option. See link below:
There are many movies and entertainment outlets bringing up the idea of cannibalism.
Clearly we are living in a Satanic world. The only way through this insanity is accepting Jesus Christ as your savior. Your walk with Jesus Christ and reading the Holy Bible are the only ways to keep strong in this world.
Well the New York city slickers can eat each other but as long as there are ponds, rivers to fish, deer, other animals to hunt and the gardens still grow the country folks can survive! There are no shortages of pigs in places like Iowa which probably have more pigs than the state has people.
If cannibalism happens, it will be in the cities. If anyone cares about there safety they should move out of the cities. It is much easier to survive in the countryside.
I agree and that’s why I made my move to the country. I also learned from my parents how they survived the Second World War during Nazi occupation with big families. They lived in the country and they always had food, maybe not much in terms of red meat, but lots to eat. They told me they would get starving people from Amsterdam knocking on the door looking for food. They walked barefoot. So they were given food and also shoes. Those same people would come back again, barefoot. They had sold those shoes in the city for food, ran out of food and came back.
During the depths of the Great Depression there were many rural people that incurred no changes in their daily lifestyle. They were self-sufficient, content, and well-fed. What depression? It was just another day to them.
The rationalization of the Democrats with their clean energy deficit spending reminds me of the Republicans with their supply side economic tax cuts. Either way, the deficit balloons. I don’t care if the Democrats take all of their social largesse spending and convert it to $100 bills and stick it in the furnaces to heat the houses of the poor people during the winter. For the asset owners, all that matters is that the money is spent. However, the more of that deficit spending that gets injected directly into the economy, the better that the asset owners like me and others do. I talked to my liberal friends about these things and they think I’m from another planet.
That’s why this stuff continues to grow and get crazier every year. Don’t say anything, you’re just a crazy kook racist.
The world is buying up Russia oil.
Russia Displaces Saudi Arabian Oil In India
By Charles Kennedy – Aug 05, 2022
•Russia’s market share in India is growing at the expense of Saudi Arabia.
•Russian crude sells at a major discount to Saudi crude grades.
•Bloomberg: Russian oil sold for $19 less per barrel than Saudi crude in May, which narrowed in June to $13 per barrel.
Hooray. Greta Thunberg and all the greenies will be super pissed.
Something looks odd with employment numbers. Household survey looks to be much worse than BLS NFP
I show a gain of only 179k jobs. (158,290,000-158,111,000)
Perhaps the market will catch on after the headline numbers are digested.
Discrepancies between payrolls and household survey persist.
Details of the household survey from which the unemployment rate is derived were mixed. While the unemployment rate fell to its pre-pandemic low of 3.5% from 3.6% in June, that was because 63,000 people left the labor force.
The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, edged down to 62.1% from 62.2% in June. The number of people working part-time for economic reasons increased by 303,000 after plunging to more than a 20-year low in June.
But household employment rebounded by 179,000 jobs after falling 315,000 in June, and the number of the people experiencing long spells of unemployment dropped sharply.
Small business confidence drops to an all-time low, according to the new CNBC|SurveyMonkey Small Business Survey.
51% of small business owners describe the current state of the economy as “poor” and 43% of small businesses say inflation is the biggest risk to their business.
Small businesses depend on the well being of the average Joe. It is obvious that the average person is falling behind just like your analysis points out. This is why small businesses are struggling and folding up. I see a lot of empty retail spaces in my area. It is part of the plan to bankrupt small businesses so we are left with the big businesses like Amazon, Apple, and also the large restaurant franchises such as McDonalds and Wendy’s. Big business then has a monopoly and they are much easier to control from up top as opposed to many small businesses. I see a controlled monopoly communist economy in the future.
Absolutely stellar employment data. Of course, this will affect the Fed’s timetable, but based on stocks this morning, I think it shows that we are in a bullish uptrend here. If this were a month ago, stocks would have tanked. But based on the performance so far this morning, I don’t think things are so bad.
The big fly in the ointment pertains to the yield curve.
Spread between the two’s and 10s has widened to another 52 week low
Also looking at the employment data, manufacturing jobs increased by 30,000 last month and were estimated to only increase by 17,000.
I’m really encouraged by the manufacturing data coming across on a daily basis.
Your honest analysis points out why we need to keep our investments in income producing assets such as US stocks and US rental properties. Zero hedge is set up to keep people poor by scaring them out of assets and keeping all their wealth in the mattress. I feel you always got to have your financial oars in the water and keep rowing. I did not flinch during March 2020 the the Dow and oil sunk. I did not flinch back in January of 2022. Because of that I am so much better off today. Do not believe the gloom and doomers on Zero Hedge.
When in doubt about your well being then take it to the Lord in prayer. God is the best being to look after your best interest.
I warned the reader a couple weeks ago not to get caught with his pants down. We predicted oil prices would fall and the S&P would move up to at least 4200 to 4300.
If oil drops to as low as I think it could, which is $65, we could see the S&P at 4600.
Stop reading the gloom and doom and sarcasm of Zerohedge. Don’t get caught with your pants down
Maybe you mentioned it before but is there less demand for oil is that why the price is coming down? thanks
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Export growth in the US continues to move higher than estimates. This morning, exports data were $5 bil more than estimates. Imports were slightly lower than estimates by $1 bil. Exports were $260.8 vs. $255.9 estimates, which was the same as last month’s actual number.
Six months ago, exports only totaled $228 billion. These are big gains.
Considering the global economy is slowing, and American exports are rising, this reaffirms our theory of onshoring.
The overall trade deficit was $79.6 bil for June and is showing signs of dropping.
This also shows us why the USD has been so strong.
It all fits together like pieces in a Tetris game. The free market is determining the USD price in global markets. It’s not manipulation.