Layoffs, Unemployment Increasing, Recession Signals Flashing | Morning Brief 

There has been what, 6 major banks that have failed. That's not including the ones that haven't been reported. There is NO way that all of those losses can just be brushed aside. The dollar is worthless.

So glad you're here. Thanks for sharing.

Sell into strength... Thanks for sharing.

Some good news I guess. Thanks for sharing.

Thank you for watching and sharing.

@@chrisferretti7020 the dollar is just being propped up long enough to keep everyone in control until they can roll something new out.

In combo with more money creation. This will be fun...

@@armandoreyes2750 That's what WW3 will be for...the excuse to roll out the new system.

The market might sell off for a week immediately following the rate cut move. But then, I expect a rally, led by biotechs which need lower rates.

We called last week. But the Government won't call it until November.

@@ophidiaparaclete I agree. It's to protect this administration.

… yet.

I’m a technology consultant and I can say we are definitely in a recession, at least for a year.

Thanks for sharing.

@@Ricbender Honest Question here. What about the job losses that aren't being reported? How high could that be? For example, Truck Drivers that have been forced to shut down.

@@armandoreyes2750 I'm actually trying to get more facts on this. The numbers I have come up with at this point are insane.

@@Ricbender I believe it.

Never trust the numbers coming from this administration

I heard the exact same thing. That is one Job Sector that I would have never thought would be impacted by Layoffs. It's brutal out there!

True. I was running some research on the sector yesterday. Thanks for sharing.

True. Thanks for sharing.

@@ToddKirst Yes and it wasn't too long ago that I thought if you had a job in tech you were set up for life!

@@bourbonlover7158no,that’d be government.

Initial jobless claims are up - here is official document: Need to read to the middle of the document -- The number of people claiming unemployment benefits in the US fell by 2,000 from the previous week to 231,000 on the period ending August 24th, in line with market expectations of 232,000. Despite this decrease, the figure remained well above the averages seen earlier this year, reinforcing the ongoing trend of a softening labor market, as highlighted by the July jobs report and the significant downward revision to nonfarm payrolls for the year ending in March and more than likely this is inaccurate as with most initial reports need revisions.

Thanks for sharing.

Great point. Thanks for sharing.

He is on throne... Amen. Thanks for sharing.

@@Ricbender On the throne when you arrives to his millennial kingdom at the time of his second coming rule there Jerusalem