This is the worst year in the US stock market since 1969. The S&P 500 is down 24% year-to-date, and the Bloomberg U.S. Aggregate Bond Index has surrendered about 16%.
The job market is actually much worse than the Government has let on, because they have been using larger than normal “seasonal adjustments” to hide the fact that the job market is worse than it actually is. Through the first nine months of the year, seasonal adjustment has boosted private payrolls by 851,000. That’s a half-million extra jobs compared to the average seasonal adjustment from 2013 to 2021. The gap is even higher over the past seven months, with this year’s seasonal adjustment providing an average boost of 539,000 more jobs than the average seasonal adjustment over the prior nine years. This is causing the numbers to appear far better than they are. For example, this year private-sector employment fell by 2.4 million jobs, but the Labor Department reported a gain of 492,000 private jobs after “seasonal adjustment.” A swing of nearly 3 million jobs.
The average price of gasoline in the US was $2.33 per gallon in January 2021. It hit a peak of $4.93 in June, but then Biden began artificially manipulating the price by releasing oil from the SPR. The price now stands at $3.70 per gallon, and more than half of our petroleum reserves are gone.
Inflation is running wild. That’s causing the IRS to have to increase the standard deduction and adjust ta brackets by far more than the previous few years. Social Security is increasing its payments by large amounts. The Biden administration is playing this as a good thing, but that has caused the Fed to massively increase interest rates.
In the past three weeks, our national debt has increased by a quarter of a trillion dollars.
Crime is up. For 2021, the number of murders reported in the U.S. rose by 4.3% since 2020, according to the FBI. 2020 itself was a record, with the murder rate rising by 29.4% from 2019 to 2020.
But leading officials do not believe this is an accurate picture, since only 11,794 of 18,806 law enforcement agencies chose to submit expanded homicide data. With 52% of law enforcement agencies nationwide reporting, this means roughly 48% of law enforcement agencies across the country did not submit any data in 2021, leaving significant gaps in coverage. The FBI has concluded that participation for 2021 remained “below a statistically acceptable level to be nationally representative,” meaning that crime is likely even higher.
The CDC thinks that it is even worse. They think that US firearm homicide and suicide rates each increased by more than 8% from 2020 to 2021. CDC researchers estimated that there were over 20,000 firearm homicides and over 26,000 firearm suicides in the United States in 2021. This means that the US had more homicides than in any year in over 25 years.
Our border is not so much a sieve as it is simply wide open.
Name one thing that has improved in this country in the past 36 months.
9 Comments
Joe Blow · October 20, 2022 at 6:19 am
Everything you said is 110% true. So is this: its all being done on purpose!
Bigus Macus · October 20, 2022 at 6:42 am
The CDC has no credibility at this point.
Bear Claw · October 20, 2022 at 7:26 am
and that standard deduction will not show up till 2024 when you file 2023 taxes so it effectively will not help this year or next.
Fed reserve and congress critters are trading in the stock market front running insider information. It’s in our face. Bastard sociopaths.
Exile1981 · October 20, 2022 at 7:27 am
Home school rates have gone up drasticly last 2 years. Of course that could be because sexual assault rates of students by teachers is also way up.
Don Curton · October 20, 2022 at 7:41 am
Name one thing that has improved in this country in the past 36 months.
Memes?
Big Ruckus D · October 20, 2022 at 9:30 am
A quarter of a trillion in 3 weeks. Think on that for just a second. What was it – last week I think – that it was shown the US went from $30 to $31 trillion debt in 8 months? I predicted right here in the comments the next trillion would be an accomplished fact in less than 6 months. Looks like they are on track to do it in 4.
That’s a a clean halving (or doubling depending on how you look at it) in one cycle. That is truly end-of-the-line exponential growth in debt. Suppose that pattern holds, the burn rate will be a trillion a week by 3Q next year. That is the impetus for some Weimar or Zimbabwe level inflation.
Since you asked, the one thing that has improved in the last 36 months is our odds of getting nuked. Yeah, I know that’s a shit answer. But it’s all I can come up with.
As an aside, any conclusive test results yet on your grandson?
Jonathan · October 20, 2022 at 9:50 am
And unfortunately we’re now where near the end – we MAY be near them admitting how bad it is, but that will only happen if they feel they can blame it on someone else.
Jonesy · October 20, 2022 at 9:57 am
And to think there is a significant portion of this country that will lie and cheat to keep it this way, if not amplify it.
We have to vote en masses from here on out. Really show up to vote. Not just the midterms, not just 2024. Every election from here out will have grave consequences. Otherwise, we’ll have to resort to other means, and that won’t be good for anyone.
Anonymous · October 20, 2022 at 10:10 am
I don’t believe anything from the CDC or FBI, especially FUD for gun control.
I don’t believe anything from the government about consumer prices, they’ve been lying since at least 1980; see http://www.shadowstats.com/alternate_data/inflation-charts
If the S&P goes down 24%, to recover that loss takes a gain of 31.6%. But buying and selling to pick better investments are taxable events, so now you need to earn 31.6% plus the tax rate. This is usually impossible.
Queen Victoria was on the gold standard; there was a business cycle before and after her reign, but not during. https://en.wikipedia.org/wiki/Control_theory shows central banks don’t dampen the business cycle, they create it; central banks are an oscillator, not a regulator. This allows elites to front-run both the ups and downs and transfer your middle class savings to them.
Our border is not so much a sieve as it is simply wide open.
Don’t confuse the lack of an iron curtain and a free market in labor, both good things, with people receiving benefits they didn’t pay the taxes to supply. Those two policy choices are completely separate. It would be simple to require five consecutive years of net positive tax returns before receiving welfare, or voting.
Name one thing that has improved in this country in the past 36 months.
The government is getting closer to destroying its own logistical tail and credit rating, after which it will be unable to hurt innocents.
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