Shares across the world tumbled Friday - as investors panicked over signs of weakness in the US economy.
Japan's benchmark Nikkei 225 suffered its second largest points drop in history and was down a staggering 5.8 percent overnight.
Then Friday morning, unemployment among Americans rose to the highest level since October 2021 - 4.3 percent - suggesting the US economy is spluttering.
Just closed my retail store of 20 years this month. Covid inserted the blade, Biden twisted and pushed downward!
ReplyDeleteI'm really sorry to hear that.
DeleteEvery year the business that has an inventory pays taxes on the value of that inventory.
DeleteWhat does a lawyer get taxed on? I dunno..
I think The System is designed to be harder for the small businesses. They don't have the economy of scale so the costs of compliance for all the regulations costs them a bigger chunk of what would have been profits. Just my opinion, I could be totally wrong..
Sorry to hear about your store. Last month I had zero clients for the first time in at least 20 years. Now one has returned after they learned the value of what I provide, but it's risky to put ads out to get new biz because things are so slow. Everyone else is in the same boat. Bidenomics indeed!
Deletesorry, man......you & many others fucked by the fickle finger of creeping communism
ReplyDeleteAnother stellar accomplishment for the Bribem/Harris regime.
ReplyDeleteStick a fork in'em they're done. Couldn't happen at a better time with all of the major news and most of the polling outlets cheering for Harris at every turn and the Demonrat Convention coming up in a couple weeks. Kinda shoots their "great economy" message in the foot with the dual news of lousy job creation and rising unemployment.
This is what happens when an election is stolen and a dementia patient is installed and given the appearance that he's running the country. Eventually, even the money wises up to the disaster his party created. Then they try to right their ship by promoting a do nothing VP who has no accomplishments on her resume, except earning her rise on the national stage on her knees and spewing word salad that even she doesn't understand.
Remember when Obama praised her early in his tenure at 1600 Penn Ave when a reporter asked who he viewed as the rising stars in the Demonrat party? No one had heard of her nationally before his mention.
Now, suddenly, she's the only viable(in their minds) candidate the Demonrats can come up with. Stealthily revealing who is STILL actually running the country from his basement, in his sweats, with his phone, via the left over surrogates from his presidency now on Bribem's staff at the WH.
Enjoy what's left of your run Demonrats. It's now all over but the cryin'. They'll STILL try to steal it, but it'll now be so obvious even Stevie Wonder will see it.
Nemo
When I took Economics in 1990, we learned an unemployment rate at 5% was the normal amount in a healthy economy. But the .gov is using all kinds of statistical smoke to mask the true numbers now . I wouldn't be surprised if it's really 25% or more.
ReplyDelete