Seriously, what kind of press releases does your local sheriff make?🤣

Hey Max do you think we should try to put him in touch with RJ? They seem to have a whole lot in common.. 🤵‍♀️👰

Just picked this up. Decided to take my hobby to the next level. Now I should be able to shoot holes in paper from over half a mile away.. 😎

Naming a courtroom after a guy who used stolen money to bribe public officials.. Only in Broward🤦‍♂️ At least Udine voted against..

Hearing Broward Sheriff Tony PhD. 'strongly suggested' 500 of his officers show up at the budget meeting tonight. They've increased their budget 8% every year. and now need an 'extra' $250 million to protect us by building a private health club for officers. It's only our money..

Made it to Friday.. Jobs report at 8:30 is a big one. Most are expecting weakness.

"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." -James Madison

Another week. Another $2 Billion blown at the Fed.. I remember when $200 Billion used to be a lot of money.

Sounds about right for this election cycle.

That explains why it didn't reduce inflation. Wait until we learn it had no effect on climate change™ either...

Madison also wrote something else that was kind of important..

Kind of a weak-ish report. Clearly a slowing economy.

I'll have a lot more around lunchtime.. Manufacturing jobs rapidly going away. Majority of gains in Healthcare and Government

This is probably the most telling part of the report. We lost 438k full-time jobs. 50bps still on the table.

Table A-7 It's tough to go month to month on July vs August because of summer jobs. But over the past year: Employed: Foreign Born: +1.24 Million. Native Born: -1.32 Million.

Markets correctly decided the jobs report actually sucked. Manufacturing was hammered. Big uptick in servers (second jobs) Only about 15% of the construction jobs were housing, the rest civil engineering and green energy. (subsidized) Healthcare continues to lead.

This is the BLS 12 month Employment industry chart. All that talk about US Manufacturing, and we lost 14k manufacturing jobs over the last year. Healthcare is largely government backed, so is 80% of the construction. There has been almost no private sector growth..

I've been complaining about BLS revisions for years now. 7 months of reports. 6 have been revised lower. What are the odds?

There are lots of measures of unemployment. The most common one only counts people who have physically looked for a job in the last 4 weeks. U-6 Unemployment counts all people who would like to work, but aren't. Excluding covid, that number is now the highest since 2018.

A fair financial media would ask more questions about what happened to Manufacturing. It's not like they told us it was back or anything?