Confirming the preliminary data, UMich final prints showed sentiment weakening and inflation fears returning in August, with both Current Conditions and Expectations declining...

America’s job growth has flatlined — and Mark Zandi believes June may have been the start of a recession

The August jobs report (released today) added just 22,000 nonfarm payrolls, far below the expected 75,000, with unemployment rising to 4.3%. This points to a cooling labor market.

Stock are in freefall right now.

Sen. Mitch McConnell (R-KY) declined the opportunity to say whether or not he thinks the U.S. is in a better position now than before President Donald Trump reoriented the nation’s politics with his America First agenda.

My take is this: we're
in a recession which probably started in early June. A stock crash is possible. Once this happens, interest rates may crater. With a market crash, a DEPRESSION OF BIBLICAL PROPORTIONS WILL ENSUE. Our cities will become battle zones soon after the depression takes hold.
If you hear someone asking for your papers, you will hand them over smartly.

Been reading about all this lately and have started to ramp up the prepping again.

Slowed down for the spring and summer but with all this happening and just the cold months are coming I'm adding more to the storage all across the board.

From meats, dried foods, paper products, cleaning products, hygiene, canned foods and some extra baking goodies to add to the baking I do.

Peanut butter chips, chocolate chips, caramel pieces, walnuts, etc.

We're heading into town in another week to pick up 2 tons of pellets for the stove this winter.

The only thing I'm on the fence about is when to order seeds for next year's garden.

I have stored lots of peanut butter in airtight plastic containers. After 5 years, the peanut butter is still good...at least the one I opened was kosher

There will be a reset concerning laws and procedures. The dollar will continue to decline. As pm's rise, we can anticipate that we will be near a tipping point.

Rt

It's going to deal a huge damage to global economy' — Putin comments on theft of Russian assets

Points to divide between smart and not-so-smart in Europe

'The smarter people in finance understand it's going to destroy all international economic principles'


My take: No international laws, no scruples, just strap on a heavy six shooter and have at it. No rules, no mercy, no plan. The dawn of BIPOLAR DIPLOMACY IN EVERY SENSE OF THE WORD is here and now.

eeeeeeeHAW.

quote:

in a recession which probably started in early June. A stock crash is possible. Once this happens, interest rates may crater.

US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic

NOTE to self: We're in a friggin recession.

Homes are crumbling across the U.S. And owners don’t have cash to fix them.
Story by Tim Craig • 2h
PHILADELPHIA — Even as her pre-World War II-era house falls apart around her, Bernadette Reese-Hobson tries not to feel “like a failure of a homeowner.” Her home is still her refuge, giving her space to sip tea while staring at family photographs that line the walls.

Drudge

Leading economist Mark Zandi has warned that a third of the US is already in or at high risk of going into a recession.

Zandi, chief economist at Moody's Analytics, revealed that states making up nearly a third of America's GDP - including Virginia, Connecticut and Delaware - are in dangerous territory.

'States experiencing recessions are spread across the country, but the broader DC area stands out due to government job cuts,' Zandi wrote on X.

It comes after President Donald Trump and Elon Musk went on a firing spree earlier this year in an attempt to reduce the cost of the federal workforce.

States representing another third of the economy are holding steady - such as Hawaii, New York and California - and a final third are still growing.

'Southern states are generally the strongest, but their growth is slowing,' he explained.

South Carolina, Alabama, Kentucky and Louisiana all made the list of states still growing economically.

'California and New York, which together account for over a fifth of US GDP, are holding their own, and their stability is crucial for the national economy to avoid a downturn,' Zandi added.

Glp

[

Markets on edge looking for soft landing... Harsh words obscure tech progress... Technology

Zerohedge

The U.S. faces an "economic disaster" if the Supreme Court does not overturn two lower courts and allow sweeping global tariffs to remain in place,

"If that decision would be lost it would be an economic disaster for the United States," Trump said.
[link to www.axios.com (secure)]


Glp

The U.S. could tumble into recession before seeing Trump’s promised golden age
Story by David J. Lynch • 1

Wash. Post

The lobster is experiencing hi heat.
This economy is in Dire Straits.

Massive SPIKE in Food & Gas Prices This Week, But Nobody’s Talking About WHY
All across the U.S. and Europe, people are walking into grocery stores and gas stations only to find prices have jumped AGAIN overnight. Eggs, bread, meat, fuel all higher than last week. The media shrugs it off as normal inflation, but this feels different.


Did your store or gas station raise prices suddenly this week?
Could this be tied to global shipping issues and those subsea cable cuts?
Or is it being deliberately engineered to push people into digital rationing systems?
If it’s this bad in early September… what’s coming this winter?

Glp