Tuesday, September 9, 2025
Monday, September 8, 2025
Sunday, September 7, 2025
Let's cut to the chase: They need the National Guard to protect ICE from the people
If Trump were really serious about deportations, he'd be going after the employers, which would be far easier than going after eleventy million illegals or whatever it is.
That's how you know this is all fake, all performative.
It is deportation theatre, from beginning to end.
The goal is 3,000 deportations a day, which over four years is only 4.3 million.
It is unserious policy, for an unserious country, but it is going to cost serious money.
Saturday, September 6, 2025
Friday's bad job report spooked Treasury buyers big time, pushing yields down 4.5% in the aggregate from the August average in a flight to safety
Average US Treasury yields by duration Fri Sep 5, 2025:
Bills 3.96
Notes 3.69
Bonds 4.75
Aggregate 3.98 (down 4.5% from Aug average).
The aggregate was already down 6.5% from January in August. The only yields still holding up had been in bonds, which gave up 11 basis points on Friday, yielding 4.75 vs. the August average of 4.86, down about 2.2%.
The rosy scenario, which isn't rosy, is for stagflation. The worse scenario is for recession, possibly signaled by the revision to June payrolls, now down 13k.
You know, like in January 2001, but past performance is no guarantee of future results.
The point is, people are spooked.
Is Bill Pulte the new Brownie or what?
Ah yes, the current incompetence is but a dim reflection of the past incompetence, but a reflection nonetheless.
Mark Pulte, the father of Lisa Cook accuser Bill Pulte, loses homestead exemption on Michigan property after Reuters investigation finds he committed same infraction of which his son accused the Fed governor lol
Bill is obviously not the sharpest knife in the drawer.
... Mark and Julie Pulte, the father and stepmother of Bill Pulte, President Donald Trump’s appointee as director of the Federal Housing Finance Agency, since 2020 have claimed so-called “homestead exemptions” for residences in wealthy neighborhoods in both Michigan and Florida, according to the records. The exemption is meant to give a discount to homeowners on taxes for properties they use as their primary residence.
Local tax officials in both states told Reuters that claiming more than one home as a primary residence isn’t generally allowed in their jurisdictions and could be punishable by fines or back taxes. After Reuters contacted tax officials in Bloomfield Township, Michigan, to inquire about the dual claims, Darrin Kraatz, director of assessing, on Thursday said the township “as of today” would revoke the exemption on the Pultes’ residence there. ...
It isn’t clear how much the Pultes may have saved each year because of the Michigan claim, but on Friday property records already indicated the exemption there is now zero.
Bye dad!
Friday, September 5, 2025
Trump says that a year from now the jobs numbers will be absolutely incredible
Yeah, that's what we're afraid of.
Safe haven gold scales the heights
Katie, bar the door.
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion’s blistering rally.
Spot gold was up 0.9% at $3,577.33 per ounce,. Prices hit a record high of $3,582.71 and were up 3.7% so far this week. U.S. gold futures for December delivery rose 0.9% to $3,637.00. ...
More.
Let's compare the BLS' count of jobs added through August since December with the private sector ADP report
Total nonfarm gubmint: 74,750 per month
Total nonfarm private: 80,375 per month
Those rascally Democrats over at BLS, my word.
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