Tuesday, April 16, 2024

First-time buyers made up half of all home buyers last year, according to Zillow's Consumer Housing Trends Report

PETER ST ONGE: In fact, there's been literally zero job growth for native-born workers since 2018, of which, according to the Center for Immigration Statistics, roughly half actually went to the 9 million illegals.

The Biden jobs miracle keeps grinding away with a "Stellar March jobs report logging nearly 300,000 new jobs" that blew away even the most meth-pumped analyst on Wall Street and it makes the third month in a row of improbably tremendous job beats."  

Just one problem: it was all part-time jobs.  

Full-time jobs actually fell by 6,000, continuing a trend over the past year where full-time workers have collapsed by almost a million and a half, replaced by nearly 2 million part-time workers.  Put them together, and presto, job growth!

Sadly what real jobs are left apparently did not even go to native-born Americans.  In fact, they lost precisely 651,000 jobs last month, bringing the 3-month tally to nearly 1.5 million jobs lost by the native-born in 3 months.  In fact, there's been literally zero job growth for native-born workers since 2018, of which, according to the Center for Immigration Statistics, roughly half actually went to the 9 million illegals.  To give a sense of the scale, over 1 in 3 U.S.-born men with a high school degree are not working.  Things are fine of course for those with a bachelor's degree.  90% of them have a job, and no doubt cheap nannies and lawn care.  Keep in mind this is all best case because I've mentioned in a recent video the epic statistical divergence between official payroll numbers, sampled from companies, and the household numbers which actually asked people if they have a job.  The gap between the two currently stands at a daunting 9 million phantom jobs; maybe they exist, maybe they don't.  The BLS just extrapolates, they don't actually work here.  Now, I mentioned in recent videos that the most amazing thing about the grim jobs picture is that this is happening even with 2 trillion dollar deficits that should, in theory at least, be buying some jobs.  After all, spend that much money, and somebody gets paid; in other words, we can only imagine what's under the hood once you peel off the trillions pouring out of Washington.  Given both the border and Washington's checkbook are wide open, expect more millions of migrants to boost the jobs numbers while holding down wage gains for natives who do still have a job.  Just a few weeks ago Jerome Powell actually bragged about this on 60 Minutes crediting the open border for holding down blue-collar wages which he likes because it does the inflation dirty work for him, of course, at the expense of those blue-collar workers or former workers buying groceries on layaway while Paul Krugman lectures them about the Bidenomics miracle.  Do not expect much relief at least until the election, and even then it will be trench warfare against a Uniparty that is addicted to government spending, the regulatory Jihad on small business, and the cheap imported labor that keeps jobs and wages under control. 

LUONGO: What happens when people realize that raising rates forces good choices onto consumers and producers versus subsidizing every hare-brained inanity uttered by a clueless Millennial....

We'll be seeing a lot more of this, 

Because the fed rate will rise and we'll be forced to make smarter buying decisions. 

The COVID "vaccines" are actually "EUA countermeasures deployed under a public health emergency." 

This is why they are not being recalled. They are not *legally* vaccines, nor pharmaceuticals. 

If you promote this point, you can get them withdrawn!

So what I I've started piecing together is a confusion about the language for drug approvals there are overlapping mutually exclusive pathways that exist and so what I have figured out is that there are three Pathways that we knew before they are all normal regulatory Pathways where we don't have emergency announcements and these normal regulatory Pathways they would include investigational use of products so you can have for example FDA fully approved drugs and it's marketed across the United States and that's the regulatory Mandate of the FDA is to regulate interstate commerce of pharmaceuticals and food so they regulate all these things labeling marketing packaging distribution traceability Obviously good manufacturing practices compliance and they have enforcement power to do recalls if the manufacturer doesn't do it voluntarily manufacturers obviously have an obligation to monitor quality Adverse Events and they have liability if they face liability under this framework.  

"your ancestors didn’t eat bowls of kale - they ate nose to tail . . ."