ECONOMICS

In the past year we have discussed on multiple occasions that US labor market data has been repeatedly doctored to artificially appear better than it really is (see "Here Is The "Unexpected" Reason Why The Fed Will Rush To Cut Rates As Soon As Possible", "Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000" and "Here Comes The Job Shock: Philadelphia Fed Admits US Jobs "Overstated" By At Least 1.1 Million"), although thanks to a (more…)

By Philip Marey of Rabobank

Summary

• With the elections approaching, Trump and Biden are outbidding each other to show who is the toughest on trade. Trump has proposed a universal tariff and even higher tariffs on China, while Biden has kept the Trump tariffs of 2018 and added specific tariffs on “strategic” imports from China.
• Since Trump is ahead in the polls and we expect the economic data to deteriorate, we made a Trump victory our baseline in February. A universal (more…)

Authored by Thomas McArdle via The Epoch Times (emphasis ours),Costco’s new CFO, Gary Millerchip, sent disciples of the ultra-low-priced warehouse chain into ecstasy when he told Wall Street analysts in…