This was a plausible excuse for the latest Fed rate cut

 But what it really does is get the meddlesome Trump off their backs, whether jobs are flagging or not. Jobless claims have averaged a very, very low sub-227k in 2025.

The case for more Fed rate cuts could rest on a ‘systematic overcount’ of jobs numbers

 

Meanwhile Powell & Co. did an end-run around Trump by confirming all the regional bank presidents two months early, before Trump could meddle with that, too, which was a fear.

 

Which is very amusing. 

 

Fed votes to reappoint all of its regional bank presidents 

 

Long term yields have not believed in the rate cuts.

 

They have risen, risen indeed!, since the Fed started cutting in the face of persistent inflation in September 2024, and remain higher today.

 

You can run, but you can't hide from the Hound of Heaven. 

 

 

  

Another new nominal record high for silver today

 $64.31

-- CNBC 

It is obvious to everyone except Republicans that the Reagan Revolution of tax cuts for the rich has failed to produce the economic growth America was accustomed to before he became president

We had a few dozen billionaires in the Reagan era. Now we have hundreds.

Growth of GDP, percent change, annual, rolled over after 1984, inaugurating a new period of lower trendline growth in the economy.

You're not wrong to feel poorer. 

Just look at the trend lines for the data in this chart from before 1984 and after 1984. The change is glaring. The money which used to go into the economy to grow it has gone straight into the pockets of the rich.

Meanwhile Trump had one year in 2018 at 5.32% and he thinks he's God's gift to humanity, when Bush 43 did better in 2004-2006 at 6.64, 6.72, and 5.95.

Doddering old Joe Biden comes along and averages 8.22 for four years and what do Democrats do but throw him under the bus.

It's enough to make you scream. 

Real Americans love a winner and will not tolerate a Russia-loving loser like Trump

 

The loser to the Houthis says Zelensky should surrender

 Trump Says Zelensky Has To Start "Accepting Things": "He's Losing"

Yeah, I remember when Churchill betrayed England and pretended he could still win after Dunkirk

We shall never surrender.

 

Europe Betraying Ukraine By Pretending It Can Still Win

Daniel DePetris, Telegraph

It never occurs to stupid people that yesterday's conservative parents of four child families gave birth to the '60s liberals and radicals

 

Liberals Aren't Having Kids, Conservatives Are. That Matters

Ingrid Jacques, USAT

Trump takes tariff money from a broad, and she doesn't even know it

 

Pete Hegseth's March and April 2016 NeverTrump comments about issuing illegal orders to the military make him look like an early member of the six Democrat panel he now criticizes

Link.

Link. 

Link. 

Link. 

Pete is nothing if not a shapeshifter like most of the people around Trump who were against him before they were for him. 

Who employs the illegal aliens, and who buys the illegal drugs?

 

Meanwhile Batshit-crazy Ungar-Sargon wants you to know that illegal drugs are Chemical Weapons of Mass Destruction justifying you know what lol

 That's another OMG, and it's not even lunch yet on this snow-packed 4-degree F second Monday of December.

 

 

Erick Erickson wants you to know that the GOP's anti-semitism could be a real liability in the 2028 election lol

"We'd better get rid of it . . . by then".

OMG.

And you thought Nick Fuentes was the turd in the Republican punchbowl.

 

 

Nobody should be fooled by Bush 41's military attack on CIA asset Manuel Noriega in 1989 like Senators Lindsey Grahamnesty and Tom Cotton: Cocaine flows through the Panama Canal today like the water

Oh, please Allah

The rising star tipped to end Hegseth's chaotic reign at Pentagon... 

 

NOEM ON CHOPPING BLOCK

 

 

Hegseth should never have been confirmed to SECDEF, Inspector General's report finds his use of Signal in March jeopardized troop safety against the Houthis

 Hegseth risked ‘potential harm to US pilots’ in using Signal to discuss strikes: Report

... “The Secretary sent nonpublic DoD information identifying the quantity and strike times of manned U.S. aircraft over hostile territory over an unapproved, unsecure network approximately 2 to 4 hours before the execution of those strikes,” the report states.

“Using a personal cell phone to conduct official business and send nonpublic DoD information through Signal risks potential compromise of sensitive DoD information, which could cause harm to DoD personnel and mission objectives.” ...

“Although the Secretary wrote in his July 25 statement to the DoD OIG that ‘there were no details that would endanger our troops or the mission,’ if this information had fallen into the hands of U.S. adversaries, Houthi forces might have been able to counter U.S. forces or reposition personnel and assets to avoid planned U.S. strikes,” the report concluded.

“Even though these events did not ultimately occur, the Secretary’s actions created a risk to operational security that could have resulted in failed U.S. mission objectives and potential harm to U.S. pilots.” ...

 

 

The Uniparty's military kills civilians in righteous strikes

 Days of Infamy, and all that.

The US Navy is obeying illegal orders to delete video evidence of the October 17 boat strike survivors

 

Ronald Reagan July 3, 1983: Don't let anyone tell us that America's best days are behind her (but they are)

 The speech is here.

Unfortunately the numbers don't lie. Shortly after that speech, economic growth rolled over definitively. I think Reagan said what he said because serious people around him were telling him we were in big trouble (1982) and he didn't want to believe it. It was a denial of reality, similar to the denial of reality so typical today from Donald Trump.

 

Michael W. Green (@profplum99) describes in a recent essay in great detail many of the ways in which we are indeed poorer, especially people who have to live in New Jersey and work in New York, in his "My Life is a Lie" here.

The essay resonates mostly with people in the top 20%, which certainly doesn't include YT. But I found it very interesting, however, for how it starts off resting on the mistaken assumption that we have "healthy GDP growth". It is Green's unquestioned and fatal premise, no different than Reagan's or Trump's before him.

We do not have healthy GDP growth now, nor have we had it for a long time, at least not commensurate with a population which has grown by 106 million since 1984.

The compound annual growth rate for GDP from 1929 to 1984 was 6.869%, but through 2024 has fallen 26% to 5.079%.

"Well, that doesn't sound so bad", you say.

Well, the 5.079% rate has given us GDP of $29.3 trillion through 2024.

But at the 6.869% rate we would have GDP of $60.4 trillion, $31.1 trillion more than we do, more than twice as much again.

We have multiple new generations who expected the 1984 fairy tale who are now on the receiving end of 50% less than what might have been.

Solving this growth problem has been the number one aspiration of many on the right year in and year out, but no one has delivered on it.  The current pack are not conservatives. They've given up. They are simply hyenas, feasting off the flesh of the wounded, of whom there are more than ever.

The roll over of GDPA CAGR in 1981 was retested in 1984 (black line)

 

Another new record high silver price: Silver rose 2.6% to $58.59 an ounce, up 4% for the week, after touching a record $59.32 earlier

 CNBC.

Pro-Trump anarchist confessed to planting pipe bombs at DNC and RNC on January 5, 2021

 Sure, sure, a pro-Trump anarchist.

I'm glad we got that cleared up. 

Pipe bomb suspect Brian Cole confessed, said he supports Trump and has anarchist views: MS NOW

 ... While in custody, Cole confessed to planting the pipe bombs, which did not detonate, two sources familiar with his interview with the FBI told MS NOW. ...