Recession - 2022 / 2023 / 2024

[E. Bryant]

Things are not adding up;

U.S. initial jobless claims fall 28,000 to 187,000 in latest week to lowest level since 1969​

Jobless claims usually bottom out prior to a recession:

Initial Jobless Claims Historical Chart

This interactive chart shows initial unemployment claims back to 1967.

www.macrotrends.net

Note that I trimmed the right side of the chart because the April 2020 numbers fuck up the Y-axis scale.

So, if history holds true, we're maybe 6-12 months out from the next recession. I don't place much faith in this prediction because of *waves hands at everything*

 

[Hobo Hilton]

Unfortunate for the first time home buyer's. Get ready for a big jump in property taxes, home insurance and maintenance cost.
___________

The average rate on a 30-year fixed mortgage rose to 4.42% this week, its highest level since January 2019, according to Freddie Mac’s Primary Mortgage Market Survey. The increase was more than one-quarter of a percentage point jump from last week’s rate of 4.16% and 1.25 percentage points higher than the same week last year.

Home prices are nearly 12% higher than a year ago, on average

Supply remains an issue, with new listings down 7% compared to the same period in 2021.

fortune.com

Mortgage Rates Rose Even Higher—Again

The average rate on a 30-year fixed mortgage rose to 4.42% this week, according to Freddie Mac's Primary Mortgage Market Survey. The increase was more than one-quarter of a percentage point jump from last week's rate of 4.16% and 1.25 percentage points higher than the same week last year.

www.barrons.com

 

[Hobo Hilton]

Jobless claims usually bottom out prior to a recession:

Initial Jobless Claims Historical Chart

This interactive chart shows initial unemployment claims back to 1967.

www.macrotrends.net

View attachment 7834494

Note that I trimmed the right side of the chart because the April 2020 numbers fuck up the Y-axis scale.

So, if history holds true, we're maybe 6-12 months out from the next recession. I don't place much faith in this prediction because of *waves hands at everything*

I agree. That is why the first thing Jerome Powell said was "No one can forecast where we will be at the end of 2022"... The next 9 months will be an eye opener for many.

 

[Hobo Hilton]

This is a very quick about face for Home Depot. Damage control.
_____________________
February 22, 2022
That's the environment facing Home Depot (HD) - Get Home Depot, Inc. Report as it tries to hire 100,000 seasonal workers across its stores and warehouses over the next few weeks. That total is up from the normal 80,000 workers the company hires for its busy spring season.
___________________
Home Depot cut its overall workforce but boosted salaried employees by 20% last year

Home Depot Inc., HD Quick Chart - (NYS) HD, Home Depot Inc. Stock Price - BigCharts.com

HD - Home Depot Inc. Basic Chart, Quote and financial news from the leading provider and award-winning BigCharts.com.

bigcharts.marketwatch.com

 

[Hobo Hilton]

Can anyone tell me just exactly who "WE" is ? Right now $2 billion would certainly help a lot of low wage earners here in America or build the wall... When I see these kind of headlines, I ask myself "What's in it for me?"......
_________________________________

2 minute ago
Brussel, Brussels Hoofdstedelijk Gewest
Biden: We decided to continue to support Kyiv with military equipment and provided 2 billion in aid to Ukraine

 

[Snuby642]

How much is being kicked back and does it include access to underaged children for him and his son?

 

[Snuby642]

We could have paid for illegal aliens to build our border wall by now.

But no, there is no graft for the bidens so that's why it's not happening.

 

[Nik H]

Things are not adding up;

U.S. initial jobless claims fall 28,000 to 187,000 in latest week to lowest level since 1969​

Can you make up your mind...LOL! What a difference a year makes

 

[Hobo Hilton]

Starting to hear this expressed more and more inverted yield curve..... Deja Vu.... We have been there before, 3 - 4 times in my life time.
_______________

What Does an Inverted Yield Curve Suggest?​

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

Also, the case for buying Tesla's stock and how to plan for retirement.

www.marketwatch.com

Not buying TSLA

 

[Choid]

Starting to hear this expressed more and more inverted yield curve..... Deja Vu.... We have been there before, 3 - 4 times in my life time.
_______________

What Does an Inverted Yield Curve Suggest?​

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

Also, the case for buying Tesla's stock and how to plan for retirement.

www.marketwatch.com

Not buying TSLA

That's funny, we've done it at least 7 or 8 times in my career, and that only goes back to '95. It's really a measure of risk appetite and future assumptions about rates. IIRC, 2019 was the last inversion. It's a better predictor than the stock market is, but it isn't perfect because it doesn't always have the same causes.

Can you make up your mind...LOL! What a difference a year makes

View attachment 7834709

Note that only one person on here was saying exactly this since 3/11/21. Sometimes it makes sense to listen to actual professionals rather than, well...

PortaJohn

https://redstate.com/nick-arama/2021/05/25/biden-officials-shut-down-state-department-investigation-into-wuhan-lab-leak-theory-n386447 How much video does china have on pj and hunter????????????? I was expecting this. Is there no decency in this man and his administratioin?

www.snipershide.com

Other than not accounting for the marginal increased pressures of a war and concomitant sanctions, don't know you could have made a better guess at the time. Weird that the above thumbnail is wrong, but the link is correct.

 

[Hobo Hilton]

The end of "globalisation" ?..... IDK but it could open up some investment opportunities in the USA in the way of small start up companies.
___________________________

March 23 – Financial Times (Brooke Masters): “Russia’s invasion of Ukraine will reshape the world economy and further drive up inflation by prompting companies to pull back from their global supply chains, BlackRock chief executive Larry Fink has warned. ‘The Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three decades,’ Fink wrote… While the immediate result had been Russia’s total isolation from capital markets, Fink predicted ‘companies and governments will also be looking more broadly at their dependencies on other nations. This may lead companies to onshore or nearshore more of their operations, resulting in a faster pull back from some countries.’”

Credit Bubble Bulletin

- Chronicling History's Greatest Financial Bubble

creditbubblebulletin.blogspot.com

 

[E. Bryant]

Has anyone done a wellness check on Thomas Friedman or Paul Krugman lately? They cannot be doing well right now.

 

[Hobo Hilton]

Has anyone done a wellness check on Thomas Friedman or Paul Krugman lately? They cannot be doing well right now.

Drivel.... Stagnation....Writers interviewing writers. I did not fact check

 

[Hobo Hilton]

“We expect that March jobs and inflation data to further harden the resolve of Fed hawks -- and pull in those who were still skeptical -- of the need for a 50bps hike at the May meeting.”

U.S. Labor Powers On as Price Gauge Hits 40-Year High: Eco Week

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergLow-Priced Omega Speedmaster Prompts Global Swatch Store ChaosUkraine Update: Biden Says Putin ‘Cannot Remain in Power’German Industry Powerhouse Shaken to Core...

ca.finance.yahoo.com

 

[Hobo Hilton]

The University of Michigan consumer sentiment for the US was revised slightly lower to 59.4 in March of 2022 from a preliminary of 59.7, the lowest reading since August of 2011.​

United States Michigan Consumer Sentiment

Consumer Confidence in the United States increased to 79.40 points in March from 76.90 points in February of 2024. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction...

tradingeconomics.com

 

[Hobo Hilton]

Global bond markets are looking messy.
Treasuries have been selling off, and while bond prices have fallen across maturities, short-term yields have climbed most. That has pushed another part of the yield curve upside down. The Treasury market has posted a loss of 2.6% so far this year, according to ICE Indices.

Another Part of the Yield Curve Just Inverted. It's the First Time Since 2006.

Yields on 5-year Treasuries briefly rose above 30-year yields on Monday morning, but economists generally watch other parts of the curve for recession signals.

www.barrons.com

 

[Hobo Hilton]

OatsCommodity​

7.50+0.17+2.32%
02:20:00 PM
MI Indication

Up 96% since the beginning of 2022.

 

[Bigfatcock]

U.S. auto sales slump as less affluent buyers walk away

(Reuters) -U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday. "Make no mistake, this market...

www.yahoo.com

Interesting. Of course the chip shortage and the ukraine thingy are to blame.

I think it boils down to people don’t WANT to pay the cost for vehicles and have realized that the money is much better spent elsewhere.

 

[Hobo Hilton]

U.S. auto sales slump as less affluent buyers walk away

(Reuters) -U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday. "Make no mistake, this market...

www.yahoo.com

Interesting. Of course the chip shortage and the ukraine thingy are to blame.

I think it boils down to people don’t WANT to pay the cost for vehicles and have realized that the money is much better spent elsewhere.

Property taxes, home owner's insurance, auto repairs, etc are eatin' up the budget through the back door.... Hopefully Uncle Sugar will stop feeding people and paying their rent. Then reality will come into the market place.

 

[Hobo Hilton]

The USPS needs to stop, immediately, delivering packages for UPS, FedEx, etc. Why are taxpayers paying for the final delivery on packages that are supposed to be shipping by other carrier's ?

Biden proposes $15 bln for election funding, including $5 bln for USPS

The White House on Monday said it is proposing $15 billion over 10 years in election assistance to states and to support vote-by-mail efforts.

www.reuters.com

 

[Hobo Hilton]

Some good information in this thread. I’ll offer up some realizations to contribute to the thread here…wife and I own a Powersports shop in Texas selling major OEM brands. 2021 was one of the best years we ever had and going into 2022 thru today more and more customers keep buying. The average sale keeps going up and more are paying cash and no it’s not all oilfield guys it‘s everyone. Not doing anything different than before no advertisjig to speak of but they keep coming buying higher ticket items. I feel blessed not complaining but I keep wondering how long can this continue? Making It while we can because I remember 2008 was a banner year and by mid 2009 there were very few customers calling or buying it was bad I mean almost broke bad. Starting to feel the same way like it’s 2008 again.

Thank you for that message. America needs realization at this time. Those cash buyer's would rather have something they can put their hand on and use it... Nothing wrong with that. I agree about it feeling pre-recession, but just a bit different.

 

[Alpine 338]

I was at the local power sports shop picking up my sled after some warranty work. It's basically end of the season for snowmobiling because of the warm weather and lack of any significant new snow.

Guy at the shop said that sleds were flying out the door, don't understand why?

 

[Hobo Hilton]

I was at the local power sports shop picking up my sled after some warranty work. It's basically end of the season for snowmobiling because of the warm weather and lack of any significant new snow.

Guy at the shop said that sleds were flying out the door, don't understand why?

That is exactly what JR_PRO77 said over in the "Recession" thread. Perhaps having money sitting in the bank is not such a good idea.... IDK

 

[Bigfatcock]

That is exactly what JR_PRO77 said over in the "Recession" thread. Perhaps having money sitting in the bank is not such a good idea.... IDK

That’s been my mindset with building materials, tools, parts, and maintenance items the last two months. It looks like I’m starting my own fucking hardware store, lol.

I’m buying for pretty much the next 10 years, lol.

 

[lariat]

That’s been my mindset with building materials, tools, parts, and maintenance items the last two months. It looks like I’m starting my own fucking hardware store, lol.

I’m buying for pretty much the next 10 years, lol.

files. Bastard, rat tail, traingle. Coarse, fine. All of them.

 

[Ison]

That’s been my mindset with building materials, tools, parts, and maintenance items the last two months. It looks like I’m starting my own fucking hardware store, lol.

I’m buying for pretty much the next 10 years, lol.

I have been buying / collecting tools and equipment for a off grid cabin build for months. I'm debating buying hardware / fasteners for the cabin build vs buying it after my extended road trip up north. I think I'm going to go ahead and start buying all the screws / nails I'm going to need if I can and find a deal. I think that if I wait, I might regret not having what I need.

 

[Bigfatcock]

I have been buying / collecting tools and equipment for a off grid cabin build for months. I'm debating buying hardware / fasteners for the cabin build vs buying it after my extended road trip up north. I think I'm going to go ahead and start buying all the screws / nails I'm going to need if I can and find a deal. I think that if I wait, I might regret not having what I need.

I have been buying no matter the cost. I want it on hand now. Don’t care if the price drops 6 months from now.

 

[Ison]

I have been buying no matter the cost. I want it on hand now. Don’t care if the price drops 6 months from now.

I'm starting to change my mindset a little now. I have tried to get deals on everything I have been buying so far but now I'm at the point where I just want to know that I have what I need like yourself. I'm going to go ahead and order a sawmill and buy a wood stove also. I think that having a wood stove is going to be worth its weight in gold very soon the way things are going. I have been buying extra chainsaws / generators as well.

 

[Hobo Hilton]

I have been buying / collecting tools and equipment for a off grid cabin build for months. I'm debating buying hardware / fasteners for the cabin build vs buying it after my extended road trip up north. I think I'm going to go ahead and start buying all the screws / nails I'm going to need if I can and find a deal. I think that if I wait, I might regret not having what I need.

I have a good friend who has been in the custom cabinet and door business for 30 years. Hardware, drawer slides, hinges and fasteners are in very short supply... The "good stuff" is disappearing quick, the cheap stuff is available... Difficult to match hardware finishes for an entire house.

 

[Bigfatcock]

I have a good friend who has been in the custom cabinet and door business for 30 years. Hardware, drawer slides, hinges and fasteners are in very short supply... The "good stuff" is disappearing quick, the cheap stuff is available... Difficult to match hardware finishes for an entire house.

I noticed this a year or so back. Higher end stuff was moving, el cheapo shit wasn’t. Seems people found that high quality items are much cheaper than shit items.

 

[BCP]

I noticed this a year or so back. Higher end stuff was moving, el cheapo shit wasn’t. Seems people found that high quality items are much cheaper than shit items.

What I have seen in my business is a smaller but more competitive market full of people who have almost unlimited budgets transposed against a much larger market of people who are on critically tight budgets.

 

[Hobo Hilton]

I noticed this a year or so back. Higher end stuff was moving, el cheapo shit wasn’t. Seems people found that high quality items are much cheaper than shit items.

Food is doing the same thing.... Notice the full shelves versus the empty shelves... Quality of produce, fruits, veggies... Much more "fillers" (soy meal, etc).. things are changing.

 

[JR_77]

What I have seen in my business is a smaller but more competitive market full of people who have almost unlimited budgets transposed against a much larger market of people who are on critically tight budgets.

This…not quite as many customers but the ones you earn have more money to spend.

 

[lariat]

I have a good friend who has been in the custom cabinet and door business for 30 years. Hardware, drawer slides, hinges and fasteners are in very short supply... The "good stuff" is disappearing quick, the cheap stuff is available... Difficult to match hardware finishes for an entire house.

Some help in that area: if the hardware cannot be found you can try to go to a machine shop for pulls, etc. You know, the stuff everyone sees. They can program the machines to crank those out if the quantity was high enough. I know I would be tempted to do it if someone explained the situation and we could come to an agreement on price and design.

 

[Snuby642]

The USPS needs to stop, immediately, delivering packages for UPS, FedEx, etc. Why are taxpayers paying for the final delivery on packages that are supposed to be shipping by other carrier's ?

Biden proposes $15 bln for election funding, including $5 bln for USPS

The White House on Monday said it is proposing $15 billion over 10 years in election assistance to states and to support vote-by-mail efforts.

www.reuters.com

I pay brownells and midway extra shipping to make sure the retards at the usps don't touch my packages.

Having packages driven past your house while looking at the post office truck and then getting a failed delivery attempt message because the driver didn't want to stop? WTF

I called them out on it and all they did was protect thier driver and try and lie. The asshole had packages for up and down the street and did not feel like doing it?

I wish FedEx and ups would never drop to the postal service and pay extra to ensure they dont.

 

[Hobo Hilton]

There is no oil shortage. There are political roadblocks stopping the movement of oil from the well head to the refineries. I call them "roadblocks" because they have been strategically placed for the past 14 months. Appearing that all along the plan has been to drain the Strategic Oil Reserves. IDK, blame it on the pandemic, the Russians or the Boogey Man.

President Joe Biden is weighing releasing a record amount of oil from US reserves as high gas prices persist.
A plan being considered involves releasing around 1 million barrels per day from the Strategic Petroleum Reserve for the coming months, a person familiar with the deliberations says.

Biden announces historic oil reserve release and presses oil companies to do their part to reduce gas prices

President Joe Biden on Thursday announced an unprecedented release of oil from US reserves and several steps his administration is taking to punish oil companies for not increasing production from unused leases on federal land.

www.cnn.com

 

[Snuby642]

Well if that stupid son of a bitch doesn't let the oil industry drill, pump and flow it will be short lived with no long term replacement.

Biden is a God Damn Traitor.

 

[Hobo Hilton]

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.
The figure reported Thursday by the Commerce Department was the largest year-over-year rise since January 1982. Excluding volatile prices for food and energy, so-called core inflation increased 5.4% in February from 12 months earlier.
Robust consumer demand has combined with shortages of many goods to fuel the sharpest price jumps in four decades. Escalating the inflation pressures, Russia’s invasion of Ukraine has disrupted global oil markets and accelerated prices for wheat, nickel and other key commodities.
The inflation spike took a toll on consumers, whose spending in February rose just 0.2%, down from a much larger 2.7% gain in January. Adjusted for inflation, spending actually fell 0.4% last month.

Key inflation gauge sets 40-year high as gas and food soar

Robust consumer demand has combined with shortages of many goods to fuel the sharpest price jumps in four decades.

www.wistv.com

 

[Hobo Hilton]

First trading day of the Second Quarter... Note the sector where the loses are... Hmmmm, money leaving the transportation sector. Less goods to be moved in the near future.

TOP DECLINERS​

JBHT	J.B. Hunt Transport Services Inc	181.51	9.602%
NSC	Norfolk Southern Corp	265.84	6.795%
ODFL	Old Dominion Freight Line Inc	278.5	6.756%
CSX	CSX Corp	35.51	5.18%
UNP	Union Pacific Corp	259.96	4.85%
MPWR	Monolithic Power Systems Inc	463.6	4.546%
FDX	FedEx Corp	221.25	4.382%
CHRW	CH Robinson Worldwide Inc	103.13	4.252%
DXC	DXC Technology Co	31.35	3.923%
QCOM	Qualcomm Inc	146.99	3.815%
UPS	United Parcel Service Inc	206.64	3.646%
RF	Regions Financial Corp

US Market Movers

Hottest stocks trading today on the U.S. Markets. Gainers and decliners of the largest equities on the S&P 500, Nasdaq Composite and Dow Jones Industrial Average.

www.cnbc.com

 

[Hobo Hilton]

Well written, lengthy article. The dots are connected for you.....

Russia has been stockpiling food, and last week Putin announced to his people on Russian TV that the country had five years of food stockpiled, so they need nothing from the USA- or frankly, anyone else. China has stockpiled 18 months of wheat to feed their people, but their agents are busily moving around America buying any stored wheat they can get their hands on- by the trainload, at whatever price they have to pay- and sending it on cargo ships back to China.

Crash Positions

Well, folks, we’re here. Over the past decade I’ve written a few essays on the coming economic collapse of the USA. I noted in 2013 that the on-book national debt was an estimated $16 Trillio…

capitalisteric.wordpress.com

 

[Mr.BR]

Self induced recession coming fast, while the global south will suffer war and famine thanks to Brandon and Putin . Where the fuck is Kamala with her Venezuelan blowjobs for oil tour?

The Executive Order is here and it does seem to prohibit crude oil imports from Russia.
However, three weeks later the U.S. is still importing Russian crude oil
Some U.S. refineries at the south coast are designed to only process heavy oil variants. Since 2019 the U.S. has blockaded heavy oil imports from Venezuela and replaced them with imports of heavy Ural variants from Russia. It has now send two officials to Caracas to try to get Venezuela's oil flowing again. That would of course require to lift all sanctions off Venezuela and to return all confiscated companies and the gold that is owned by that country. It is not going to happen anytime soon.
Diesel and heating oil consist of long hydrocarbon chains. Lighter types of crude oil lack these. There are ways to create longer hydrocarbon chains from shorter ones but those processes are expensive. It is much easier to start off with heavy crude oil and to break it down when needed.
Without heavy Russian Ural crude oil the U.S. has no efficient way to create diesel and heating oil. This while we are in a global diesel crisis:
Diesel is what freight transport uses to deliver goods to consumers, but it is also what industrial transport uses for fuel. With Russian refiners cutting their processing rates in the wake of several waves of Western sanctions, the already tight diesel supply is going to get a lot tighter.
"Governments have a very clear understanding that there is a clear link between diesel and GDP, because almost everything that goes into and out of a factory goes using diesel," the director general of Fuels Europe, part of the European Petroleum Refiners Association, told Reuters this week.
As Vitol's Russell Hardy noted earlier this week, "Europe imports about half of its diesel from Russia and about half of its diesel from the Middle East. That systemic shortfall of diesel is there."
Europe is not the only one feeling the diesel pinch, however. Middle distillate stocks are on a decline in the United States, too, Reuters' John Kemp wrote in his latest column.
The Biden administration announced yesterday that it would release 1 million barrels of crude oil per day from the U.S. Strategic Petroleum Reserve (SPR). While this voter bribe will likely lower elevated gasoline prices it is doubtful that the SPR includes enough heavy crude to make a difference in the diesel market.It is diesel, more than gasoline, that is driving inflation.
The U.S. is therefore likely to continue to cheat on its own sanctions.

Brandon induced global hunger is kicking off.

Sri Lanka takes emergency measures to avoid food crisis

The ban on the import of agrochemicals in April 2021 allegedly accentuated the crisis. During the ban, the use of substandard organic fertilizers and pesticides sharply reduced vegetable and fruit crop yields. After intense farmer protests, the government lifted its agrochemical import ban in...

economictimes.indiatimes.com

Food shortage, 13-hour power cuts, and no paper: How Sri Lanka's economic crisis has worsened

The island nation is seeing severe shortages of essentials, sharp price rises and crippling power cuts in its most painful downturn since independence in 1948. On Thursday, it led to violent protests outside President Gotabaya Rajapaksa’s house, demanding his resignation

www.firstpost.com

 

[Hobo Hilton]

I think the war we are witnessing is happening in a very timely manner. We have some younger generations that think "War" is what has been portrayed by Hollywood / Video games / Liberal propaganda and allowing a society to retreat into denial... I hope every young American gets to view the photos and video's from the war.... Unfortunate they can't smell it and feel it on their skin and in their eyes and ears.

Why do I say this ? Perhaps it will be a motivating factor when it sinks in that what is being seen in the Ukraine will soon be seen in their neighborhood if things don't change here in America.

JMHO

 

[Snuby642]

They bitch when communists invade the Ukraine but it's crickets when it happens in America.

Leadership in the Ukraine is as filthy as the current administration in the USA.

 

[Hobo Hilton]

That’s been my mindset with building materials, tools, parts, and maintenance items the last two months. It looks like I’m starting my own fucking hardware store, lol.

I’m buying for pretty much the next 10 years, lol.

Not that you and I require "validation".. Just pointing out how other's see the future.

MIKE ADAMS ON THE DEATH OF THE DOLLAR - American Partisan

(Natural News) “If you want gas, find roubles.” Those are […]

www.americanpartisan.org

 

[Hobo Hilton]

From the FED Reserve:
A definite maybe. Currently the best plan is to have hope.

Fed's Williams: Pace of rate increases depends on how economy responds

The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how the economy reacts, New York Fed President John Williams said Saturday.

www.reuters.com

 

[Hobo Hilton]

127 million +/- American's are employed full time.
Total U.S. population as of Dec. 1, 2021 was estimated at 331,893,745,
One out of every 3 Americans are earning a paycheck... a very rough figure, I know.
Getting to be a heavy load on the backs of very few....


Target Corp (TGT.N) is preparing to let shoppers use food stamps to pay for online orders, following in the footsteps of Walmart Inc and

https://www.nasdaq.com/articles/food-stamp-recipients-are-the-new-frontier-for-target.com

 

[DarnYankeeUSMC]

Now take out the city, county, state and federal workers from that employed number. They are leaches on the tax dollars of the producers.

127 million +/- American's are employed full time.
Total U.S. population as of Dec. 1, 2021 was estimated at 331,893,745,
One out of every 3 Americans are earning a paycheck... a very rough figure, I know.
Getting to be a heavy load on the backs of very few....


Target Corp (TGT.N) is preparing to let shoppers use food stamps to pay for online orders, following in the footsteps of Walmart Inc and

https://www.nasdaq.com/articles/food-stamp-recipients-are-the-new-frontier-for-target.com

 

[Bigfatcock]

I want food stamps

 

[NoDopes]

Total U.S. population as of Dec. 1, 2021 was estimated at 331,893,745,

Not sure that includes the 25M+ illegal immigrants who are also mostly getting welfare from US taxpayers.

 

[Hobo Hilton]

Not sure that includes the 25M+ illegal immigrants who are also mostly getting welfare from US taxpayers.

Government likes to hide that number...