I have always shared your view – the only one supported by Biblical Scripture. It is amazing to me that anyone would accept the premise that Christ rejectors are God’s people. 4000+ years of lies and propaganda and here we are.
I have this view that the Jews are simply a major franchise for the Synagogue of Satan and that there is some sort of controlled demolition in progress for the franchise. This might be a necessary step for the SOS to unveil their one world religion. Just a thought.
Ken
There’s no better way to exploit the God-given Bible for a satanic gain than by claiming to have two covenants and rejecting Jesus the Christ at the same time.
What makes Jesus the real deal is the fact that
1) he knew his gospel would be preached to the whole world (given that there was no technology or vehicles to navigate the world at the time) and,
2) those claiming to be Jews would be the cause of the end times.
It’s readily apparent now that these two facts are true, but two thousand years ago, nobody except Jesus knew what he was talking about.
That’s prophecy.
Earnings, participation rate, and payrolls slightly higher than expected… Stocks and bonds don’t like the numbers on the surface.
Average Hourly Earnings (MoM) (Nov)
Act: 0.4% Cons: 0.3% Prev: 0.2%
Average Hourly Earnings (YoY) (YoY) (Nov)
Act: 4.0% Cons: 4.0% Prev: 4.0%
Average Weekly Hours (Nov)
Act: 34.4 Cons: 34.3 Prev: 34.3
Government Payrolls (Nov)
Act: 49.0K Cons: Prev: 65.0K
Manufacturing Payrolls (Nov)
Act: 28K Cons: 30K Prev: -35K
Nonfarm Payrolls (Nov)
Act: 199K Cons: 180K Prev: 150K
Participation Rate (Nov)
Act: 62.8% Cons: 62.7% Prev: 62.7%
Private Nonfarm Payrolls (Nov)
Act: 150K Cons: 153K Prev: 85K
U6 Unemployment Rate (Nov)
Act: 7.0% Cons: Prev: 7.2%
Unemployment Rate (Nov)
Act: 3.7% Cons: 3.9% Prev: 3.9%
The BLS household survey looks even stronger than the establishment survey. That normally hasn’t been the case…
https://www.bls.gov/news.release/empsit.a.htm
The civilian labor force rose by 532,000. The number of employed rose by 747,000. This is why the unemployment rate dropped to 3.7% from 3.9%. These are very strong numbers.
The global economy hitting the skids, despite all the deficit spending and wealth consolidation shows up in a bearish Dow Jones commodity chart….
https://www.terminaleconomics.com/wp-content/uploads/2023/12/DJCIchart.jpg
Heads, asset owners win. Tails, asset owners win….
Oil in Worst Losing Run Since 2018 as OPEC+ Fails to Stem Rout
(Bloomberg) — Oil headed for the longest weekly losing streak since 2018 on escalating concerns about a global glut, with traders doubtful that deeper supply cuts by OPEC+ will be effective.
Global benchmark Brent, which traded above $74 a barrel, is headed for a seventh straight weekly drop. West Texas Intermediate was below $70 a barrel after retreating by 11% over the past six sessions. Widely watched timespreads are mired in bearish contango structures through to the middle of next year, with prompt contracts trading at a discount to later-dated ones.
Crude has closed every session lower since last week’s meeting between the Organization of Petroleum Exporting Countries and its allies as the group’s plans for deeper cuts were met with skepticism. The slump has come even after leading producer Saudi Arabia said the curbs could be extended beyond March, followed by similar remarks from Russia, Algeria and Kuwait.
There are also concerns about the trajectory of demand. Chinese consumption is expected to grow by 500,000 barrels a day next year, according to a Bloomberg survey, less than a third of the increase seen in 2023. In the US, meanwhile, many economists see a recession starting next year.
“The oil demand outlook remains bleak,” said Ravindra Rao, head of commodity research at Kotak Securities Ltd. in Mumbai. “China’s recovery failed to gain traction, while Western factory activity continues to be in contraction.”
The prolonged retreat in oil — as well as declines in related products such as gasoline — will be a boon for central bankers as they seek to rein in inflation. Average retail motor fuel prices in the US have collapsed to the lowest in a year, according to data from the American Automobile Association.
While OPEC+ has been reducing supplies in an attempt to rebalance the market and support prices, production from drillers outside the cartel has been expanding. Official data show US supply running at more than 13 million barrels a day, up from about 12 million at the start of the year.
As the people keep getting sicker and as the Yolo spending fades, GDP estimates and inflationary expectations keep dropping. I should have waited to refinance, but I have enough cash to buy another property. This spring’s home selling season will be a doozy…
_____
Atlanta Fed GDP latest estimate: 1.2 percent — December 07, 2023
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 1.2 percent on December 7, down from 1.3 percent on December 6 after rounding. After this morning’s wholesale trade release from the US Census Bureau, the nowcast of fourth-quarter real gross private domestic investment growth decreased from -2.9 percent to -3.0 percent.
The CCP economy will continue to feel the pressure until the global conflict and force majeure later in the decade…
Tata Plans New iPhone Factory to Hasten Apple’s India Expansion
(Bloomberg) — Conglomerate Tata Group plans to build one of India’s biggest iPhone assembly plants, tapping Apple Inc.’s ambitions to increase manufacturing in the South Asian country.
Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, according to the people, who declined to be named discussing unannounced plans. The goal is for the site to be operational in 12 to 18 months.
The plant would bolster Apple’s efforts to localize its supply chain and strengthen its partnership with Tata, which already has an iPhone factory it acquired from Wistron Corp. in the neighboring Karnataka state. Apple is diversifying its operations away from China by working with assembly and component manufacturing partners in India, Thailand, Malaysia and elsewhere.
An Apple spokesman declined to comment, while a Tata representative didn’t respond to a request for comment.
The Indian conglomerate has taken other steps to increase its business with Apple and expand beyond its traditional businesses that range from salt to software. It has accelerated hiring at its existing facility in Hosur, where it produces iPhone enclosures, or metal casings. Tata has also said it’ll launch 100 retail stores focused on Apple products. For its part, Apple has opened two stores in the nation and is planning three more.
Prime Minister Narendra Modi’s production-linked subsidies have spurred Apple’s key suppliers such as Taiwan’s Foxconn Technology Group and Pegatron Corp. to ramp up in India. That helped Apple assemble more than $7 billion of iPhones in India in the previous fiscal year, increasing the country’s share of the device’s production to about 7%. The rest are assembled in China, which until a few years ago made all of them.
The new plant is set to be mid-sized among iPhone factories globally. It would likely be bigger than the one Tata acquired from Wistron, which employs more than 10,000 people, and smaller than Foxconn’s biggest China facilities that employ hundreds of thousands.
Apple and Tata could likely urge the government to award subsidies for the new factory as it’s expected to begin production just as previous state-backed financial incentives are set to expire.
As the consumer gets sicker and his stimulus money is continually shifted into the balance sheets of the asset owners, demand keeps fading.
To wit, RH is struggling in after market. RH is the quintessential fluff retail outlet for pissing away money.