If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening. According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number that is needed just to keep up with population growth. Of course some in the mainstream media are attempting to put a positive spin on this, but there really is no denying that this is a truly awful number. In fact, we have not seen a number this bad in more than 9 years…
Job creation skidded to a near-halt in May in another sign that the U.S. economic momentum is slowing.
Companies added just 27,000 new positions during the month, according to a report Wednesday from payroll processing firm ADP and Moody’s Analytics that was well below Dow Jones estimates of 173,000.
The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000.
9 years is a very long time, but this terrible employment number is perfectly consistent with all of the other horrible economic numbers that have been rolling in lately.
Time after time in recent weeks I have been using phrases such as “since the last recession” to describe what we are witnessing. The U.S. economy has not been in such rough shape in nearly a decade, and things just keep getting worse.
So how did Wall Street respond to the latest employment news?
Actually, stock prices surged, because investors are super excited about the prospect that the Federal Reserve could soon lower interest rates…
Stocks added to strong week-to-date performance on Wednesday as investors grew even more confident that the Federal Reserve will lower interest rates this year to reignite an economy wounded by trade battles.
The Dow Jones Industrial Average rose 207.39 points to 25,539.57, while the S&P 500 advanced 0.8% to 2,826.15. The Nasdaq Composite closed 0.6% higher at 7,575.48.
Pushing interest rates all the way to the floor certainly helped the stock market recover after the last recession, but this time around there is a major twist.
The U.S. is currently engaged in a major trade war with China, and the normal tools that the Fed utilizes may not be powerful enough to overcome the negative effects of such a conflict.
And to make things worse, now the U.S. is also starting a trade war with Mexico. On Wednesday, President Trump made it clear that “not nearly enough” progress had been achieved during negotiations with Mexican officials…
President Donald Trump said “not nearly enough” progress was made in talks with Mexico to mitigate the flow of undocumented migrants and illegal drugs, raising the likelihood that the U.S. will follow through with tariffs next week.
So tariffs will be slapped on Mexican goods starting on Monday, and President Trump seems quite excited about this…
“If no agreement is reached, Tariffs at the 5% level will begin on Monday, with monthly increases as per schedule,” Trump tweeted Wednesday. “The higher the Tariffs go, the higher the number of companies that will move back to the USA!”
Of course the Mexicans will almost certainly retaliate, and both countries will start seeing higher prices and significant job losses.
In fact, one study has concluded that the U.S. economy could lose more than 400,000 jobs as a result of these tariffs on Mexico. The following comes from CNN…
If the 5% US tariff on all goods from Mexico takes effect and is maintained, more than 400,000 jobs in the United States could be lost, an analysis released this week found.
The tariffs on Mexico, set to go in effect on Monday, would cost Texas alone more than 117,000 jobs, according to the analysis by The Perryman Group, an economic consulting firm. Texas is Mexico’s largest export market, making the two economies closely intertwined.
And the truth is that those numbers could actually be on the low side.
According to Marc Thiessen, a trade war with Mexico would literally put millions of U.S. jobs at risk…
Indeed, Mexican tariffs could be even more devastating for Americans than those imposed on China. Deutsche Bank estimates the tariffs could raise the average price of automobiles sold in the United States by $1,300. Indeed, U.S. and Mexican auto-supply chains are so deeply integrated that many parts cross the border multiple times before they end up in a finished vehicle — which means they would be hit by tariffs multiple times, compounding costs. Ten million U.S. workers’ jobs depend on this supply chain; tariffs would put those jobs at risk, including those of the “forgotten Americans” in the industrial Midwest whose jobs Trump vowed to protect.
We shall see what happens, but the outlook for the U.S. economy for the rest of this year is not good at all, and beyond that things look exceedingly grim.
Hopefully I am wrong, but it certainly appears that a major economic downturn is developing just in time for the 2020 presidential election.
There is one more thing that I would like to mention before I wrap up this article. This week, a Russian news source reported that Russia and China “will sign an agreement” regarding the use of their own national currencies in bilateral trade with one another…
Russia and China will sign an agreement on possible payments in national currencies. A decree of the Russian government on signing of a relevant agreement with the Chinese side was released on the official portal of legal information on Wednesday.
According to the draft decree approved through that government document, “settlements and payments for goods, service and direct investments between economic entities of the Russian Federation and the People’s Republic of China are made in accordance with the international practice and the legislation of the sides’ states with the use of foreign currency, the Russian currency (rubles) and the Chinese currency (yuan).”
In other words, they are dumping the dollar in favor of their own national currencies when trading with each other. This is a direct threat to the international dominance of the U.S. dollar, and other countries have been discussing similar moves.
For decades, the U.S. dollar has essentially been a global currency. More dollars are actually used outside of the United States than within this country, and most Americans don’t realize that.
This has given us some enormous advantages in the global marketplace, and it could be just a matter of time before those advantages begin to disappear.
Things that used to take months or years to happen are now happening in a matter of days. The pace of change is really picking up, and right now the momentum of events is heading in a direction that is definitely not favorable to the United States.
About The Author
Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.
Woman reels in weird fish with two mouths
Image Credit: Facebook / Debbie Geddes
Why does this fish have two mouths?
Debbie Geddes had been fishing in Lake Champlain with her husband when she caught this peculiar specimen.
The bizarre fish, which is believed to be a trout, has what looks like two separate mouths.
“When it bit, it felt like I had a nice fish on,” said Geddes. “I actually commented, ‘I hope it’s as big as it feels’. When we got it in the boat I couldn’t believe what I was seeing! Two mouths! And yet this fish was healthy and thriving! Pretty amazing! We quickly took a few pictures and released the fish.”
Photographs of the unusual catch later went viral, leading to a great deal of speculation over the nature of the fish on social media.
Some have speculated that the fish could be a mutant that was born with two mouths, while others subscribe to the theory that the second ‘mouth’ developed due to an injury the fish sustained.
“I just can’t believe all the attention this has received,” said Geddes.
“The public’s responses and theories are quite interesting. I personally believe it was caused by a previous injury, most likely from another angler.”
Too much karaoke gives man a collapsed lung
Image Credit: PD – Kane Reinholdtsen
Too much karaoke can be bad for your health.
A man in China recently ended up in hospital after an evening of belting out songs caused his lung to collapse.
For most of us, the ordeal of singing pop songs in front of an audience is punishment enough, but for one man in China recently, singing karaoke almost had fatal consequences.
The 65-year-old, who has been identified only as Wang, sang at such intensity and for so long that he started to experience difficulty breathing as well as pains in his chest.
When he visited a hospital the next day, doctors discovered that his lung had literally collapsed “because of the high lung pressure caused by singing high notes.”
The condition, which is known as pneumothorax, happens when air is rerouted into the area between the lung and the chest wall, putting pressure on the lung and causing it to collapse.
It is believed however that Wang must have had a pre-existing condition beforehand.
“Typically, a collapsed lung requires some degree of architectural abnormalities within the lung,” said Dr. Enid Neptune at Johns Hopkins School of Medicine in Baltimore, Maryland. “An absolutely, totally normal lung usually doesn’t suffer spontaneous pneumothorax in the absence of trauma.”
Source: Live Science
Creepy Dolls Mysteriously Appearing in Missouri are Unexplained and Spreading
“All the dolls look similar. They are very realistic. People living in the community said it is not only the dolls that are creepy but where they are placed that is strange.”
The crime reports out of Festus – a small town on the eastern border of central Missouri – usually look like those of any other small municipality … DUIs, break-ins, noise complaints, etc. Residents may be referring to those as “the good old days” now that the city is in the throws of a mysterious epidemic of creepy dolls appearing in odd places that is keeping people and their kids indoors and the police on alert.
“When we found this one, it was laying in front of our building. We picked it up and it was the doll, they’ve been hanging on top of stop signs, laying in front of the license office.”
The worried residents of Festus told local media they‘re finding the dolls on the ground, on the tops of road sign, hanging from light poles, leaning up against a building and other strange spots. The locations aren’t the only creepy part – the dolls are sometimes carefully placed to appear to be small children – sitting, leaning against a wall, on the ground as if they fell, etc. (Video here and photo here.) That causes concerned witnesses to stop and see what’s going on, says police chief Tim Lewis.
“If you were to see it from behind it looks like a little girl. If you’re out and about and you see that, it looks like a little girl crying, against a pole and someone is going to stop,” he said. “In this town, people are good-hearted. People are going to stop to make sure that’s not a child. They are going to get hit or they are going to get run over and then you’re dealing with a catastrophe.”
It’s bad enough when they realize they stopped for a doll. What’s worse is when they flip it over and find the doll has no face. Some have no heads at all. The doll leaning against the building had its hands sewn to its face. Many of the dolls appear at busy intersections, causing traffic jams. Others are in remote locations. No matter where they are, no one has seen (or admitted to seeing) who puts them out. Some have quickly disappeared and no one seems to have seen that either. Chief Lewis suspects the culprit or culprits are hiding, watching the commotion and laughing. While the number incidents have gone down, local station KSDK reports that at least one creepy doll has appeared in nearby Crystal City.
“Dolls are just creepy in general to me. I don’t like them.”
Resident Logan Galczynski probably speaks for many people who feel the same way about life-sized dolls as they do about clowns. Some think it’s linked to the new Annabelle movie, but it could be something more sinister, like the so-called voodoo dolls found last year all over the Russian town of Zavetny. Those were the size of adult store mannequins but dressed like school girls. The voodoo part comes from the dolls being pierced by needles, some threaded. That thread finally help investigators determine that the dolls were once used in puppet theater, then donated to a museum, threw them out (too creepy?) but they were found and given to a school, which also threw them out (definitely too creepy for school) but someone found them in the trash and began placing them around town. That culprit was never caught.
Are the residents of Festus and now Crystal City doomed to deal with the dolls forever? Will they desert their towns, leaving them to the dolls like the island of haunted dolls in Mexico known as La Isla de las Munecas? Perhaps Logan Galczynski is right.
“Dolls are just creepy in general to me. I don’t like them.”
Source: Mysterious Universe
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