Author: Author1

Zero Hedge: There was an absolute shocker in today’s JOLTs report.

While consensus was expecting the BLS to report a print of 9.270MM in June job openings, which would be a new all time high and a modest increase from Mayh’s 9.209MM, nobody – not even the most optimistic whispers – was prepared for the shocking 10.073 million job openings that hit the tape at 10am ET sharp.

“Go to the ant, thou sluggard; consider her ways, and be wise” Proverbs 6:6 KJV

This unprecedented number of job openings was made possible as more than 3.3 million openings were added in the past 6 months, with every single month of 2021 seeing an increase in job openings, the longest such stretch in history.

Looking at the details, the increase in job openings was driven by a number of industries with the largest increases in professional and business services (+227,000); retail trade (+133,000); and accommodation and food services (+121,000).

The record number of job openings stands out in stark contrast against the countless Americans who are still collecting various pandemic emergency unemployment claims, which in the latest week was just above 11 million. Read More

Zero Hedge: On Monday morning millions of smartphone users awoke to a flurry of push alerts from news organizations touting urgent, ground-breaking news: what Bloomberg described as an “epochal” new report from “the world’s top climate scientists” warned that the planet will likely warm by 1.5ºC over the next two decades…without a dramatic reduction in emissions resulting from a change in human activity.

“Fire and hail, snow and clouds;
Stormy wind, fulfilling His word” Psalm 148:8

The report represents the latest update from the UN’s Intergovernmental Panel on Climate Change. Although scientists have been warning for years that climate change represents an apocalyptic threat to the human race (it’s the stated motive behind Elon Musk’s mission to Mars), this latest report “for the first time speaks with certainty about the total responsibility of human activity for rising temperatures”…so human responsibility for climate change hasn’t been a ‘sure thing’ in the eyes of science…until now? CNN added that the scientific community has concluded for the first time that human responsibility is “unequivocal”.

“While the earth remains,
Seedtime and harvest,
Cold and heat,
Winter and summer,
And day and night
Shall not cease.”Genesis 8:22

“It is unequivocal that human influence has warmed the atmosphere, ocean and land,” wrote the authors of the IPCC’s sixth global science assessment since 1990 and the first released in more than eight years. The crucial warming threshold of 2°C will be “exceeded during the 21st century,” the IPCC authors concluded, without deep emissions cuts “in the coming decades.” Read More

Epoch Times: It may seem that everywhere you turn, costs are going up. Earlier this year, Chipotle raised its menu prices by about 4 percent. Food products were 2.4 percent more expensive in June 2021 than in June 2020. Used cars are creeping toward the typical tag of a new car, and rent prices are up 7.5 percent nationwide.

” … And he who earns wages,
Earns wages to put into a bag with holes.” Haggai 1:6

“We’re currently seeing price increases across the major segments that impact consumers’ wallets,” Henrique Aveiro, director of machine learning and AI at Insite AI, told The Epoch Times. Insite AI helps consumer goods manufacturers and brands with revenue cycle management and decision-making using artificial intelligence.

“The only food subcategory that had declining prices was cereals and bakery products,” Aveiro said.

Looking a little further down the line can also spark concern. PepsiCo reported its intent to raise prices in 2021. Toymakers Hasbro and Mattel echoed plans to increase prices during the second half of the year. Whirlpool’s appliances will get stickers with increases between 5 and 12 percent.

“Our data shows that inflation will grow more over the next couple of months as businesses recoup their pandemic losses,” Aveiro said.

While the rising prices may seem to indicate tough financial times ahead, knowledge of the causes behind the hikes can be powerful. Read More

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Wolf Street: Joe Manchin, Democratic Senator from West Virginia, sent a letter today to Fed Chair Jerome Powell in which he, after the required good-job and thanks-for-saving-the-universe-as-we-know-it, hammered on Powell to get off the money-printing binge that is causing “the most inflation momentum in 30 years.”

“And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a ^[c]denarius, and three quarts of barley for a denarius …” Revelation 6:6

“With the recession over and our strong economic recovery well underway, I am increasingly alarmed that the Fed continues to inject record amounts of stimulus into our economy by continuing an emergency level of quantitative easing (QE) with asset purchases of $120 billion per month of Treasury securities and mortgage backed securities,” Manchin wrote.

“The Fed has sustained $120 billion per month in asset purchases since June 2020, despite increasing vaccination rates to combat the virus and additional fiscal stimulus from Congress in the ARP,” he wrote in the letter.

“The record amount of stimulus in the economy has led to the most inflation momentum in 30 years, and our economy has not even fully reopened yet,” he wrote. Read More