Jeremiah Babe, "Two Bubbles Are About To Burst, Labor Market Nightmare"

Jeremiah Babe, 9/6/25

"Two Bubbles Are About To Burst, 

Labor Market Nightmare"

Comments here:

- https://www.youtube.com/

"The Employment Numbers Are Screaming That We Have A Major Crisis On Our Hands"

"The Employment Numbers Are Screaming 

That We Have A Major Crisis On Our Hands"

by Michael Snyder

"The employment numbers for the month of August were just released, and they are horrible. Sadly, they have now been horrible for several months in a row, and many economists are warning that conditions will get even worse during the months ahead. Other than during the early days of the pandemic in 2020, we haven’t seen anything like this since the Great Recession. If you have a job that you value, hold on to it very tightly, and if you are currently looking for work try to find something as soon as you can before competition for jobs becomes even more intense.

Each month, the U.S. economy must add about 150,000 new jobs just to keep up with population growth. According to the BLS, the U.S. economy only added 22,000 new jobs during the month of August… U.S. job growth continued to slow down in August, with just 22,000 new jobs—a sign that the labor market is deteriorating markedly. Friday’s report adds to a summer of slow hiring and points to a stagnant job market that has lengthened job searches, shut young people out of employment and increased unemployment for Black workers. This number was much worse than most analysts were projecting.

After the report was released, one prominent economist stated that it looks like the U.S. economy is “heading into turbulence without the soft landing achieved”… “The job market is stalling short of the runway,” said Daniel Zhao, chief economist at jobs site Glassdoor. “The labor market is losing lift, and August’s report, along with downward revisions, suggests we’re heading into turbulence without the soft landing achieved.”

Just like we have seen so many times before, the figure for the month of August will probably end up much lower once it is revised. So by the time it is all said and done, I expect that the final number for the month of August will actually be negative.

Interestingly, the number for the month of June was just revised down into negative territory…"On Friday, the BLS revised the prior two months’ data, showing that employers shed 13,000 jobs in June, revising the month’s hiring downward by 27,000 fewer jobs. That marks the first monthly decline in hiring since December 2020, when the U.S. was in the midst of an economic crisis caused by the pandemic." Please read that last sentence again.

Thanks to the birth-death model, it is very difficult for the BLS to actually produce a negative number. The last time it happened there were lockdowns all over the nation due to the pandemic. But now the number for June is negative.

That is a huge red flag, and Mark Zandi is suggesting that the U.S. economy may have already entered the next recession… “It’s clear the job market is struggling,” Mark Zandi, chief economist at Moody’s Analytics, told Fortune. “The economy is on the edge of recession: In fact, we may already be in one. As more revisions come in, it will probably show that employment is declining in a consistent way.”

Overall, during the first eight months of this year the U.S. economy has added the fewest jobs that we have seen since 2009.

Do you remember 2009? The Great Recession was a very difficult time. Would our country be able to handle another downturn of that magnitude? Personally, I think that it is a really bad sign that our economy continues to bleed manufacturing jobs…"The United States lost 12,000 manufacturing jobs for the month, continuing a downward trend since its most recent peak in February 2023, according to the federal Bureau of Labor Statistics."

This wasn’t supposed to happen. But it is happening. As I discussed yesterday, the numbers that we are getting are confirming over and over again that the U.S. economy is heading in the wrong direction. Unfortunately, we are being warned that our problems could soon accelerate even more. One economist is telling us that “the labor market has headed off a cliff-edge”… “August’s employment report confirmed that the labor market has headed off a cliff-edge,” Bradley Saunders, North America economist at Capital Economics, said in a Friday research report."

That doesn’t sound good at all. If you want to look for a silver lining, the good news is that it looks like the Federal Reserve will probably give us a rate cut next month. One economist is urging the Fed to give us rate cuts in October and December too…“The Federal Reserve needs to cut interest rates in September and probably October and December, too. The ‘no hiring’ economy is turning to a layoff economy and if that worsens, it will lead to a recession. This needs to be stopped,” Heather Long, chief economist at Navy Federal Credit Union, said in an email."

Hopefully those rate cuts will actually happen, because we desperately need them. But cutting rates will not reverse our economic momentum. And the government numbers are not giving us the full picture. As I have documented in previous articles, government economic numbers almost always make things look better than they actually are.

I believe that the numbers that we get from private sources are much more accurate. According to a new report that was just released by Challenger, Gray & Christmas, the number of announced job cuts in August was 39 percent higher than it was in July…"U.S.-based employers announced 85,979 job cuts in August, up 39% from the 62,075 announced in July. It is up 13% from the 75,891 announced in the same month last year, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas."

August’s total was the highest for the month since 2020 when 115,762 job cuts were recorded. After 2020, it is the highest August total since the thick of the Great Recession in 2008, when 88,736 cuts were announced. August marks the sixth time this year that the job cut total surpassed that of the corresponding month one year prior. Can anyone out there think of a way to make those numbers look good? Because I can’t.

Overall, the number of announced job cuts in the United States is up 66 percent compared to last year…So far this year, companies have announced 892,362 job cuts, the highest YTD since 2020 when 1,963,458 were announced. It is up 66% from the 536,421 job cuts announced through the first eight months of last year and is up 17% from the 2024 full year total of 761,358. That last number totally blew me away. We still have four months left to go in 2025, and we have already beat last year’s grand total by 17 percent.

Let’s be very honest with ourselves. We have a major crisis on our hands. And as bad as things are now, the truth is that they will soon get even worse. The consequences of decades of incredibly bad decisions are starting to catch up with us in a major way. Brace yourselves and your families for what is coming next, because the months ahead are not going to be pretty."

- https://theeconomiccollapseblog.com/t

Musical Interlude: 2002, “Deep Still Blue”

Full screen recommended.

2002, “Deep Still Blue”

"A Look to the Heavens"

"Is this one galaxy or two? The jumble of stars, gas, and dust that is NGC 520 is now thought to incorporate the remains of two separate disk galaxies. A defining component of NGC 520 - as seen in great detail in the featured image from the Hubble Space Telescope - is its band of intricately interlaced dust running vertically down the spine of the colliding galaxies. A similar looking collision might be expected in a few billion years when our disk Milky Way Galaxy to collides with our large-disk galactic neighbor Andromeda (M31). 

The collision that defines NGC 520 started about 300 million years ago. Also known as Arp 157, NGC 520 lies about 100 million light years distant, spans about 100 thousand light years, and can be seen with a small telescope toward the constellation of the Fish (Pisces). Although the speeds of stars in NGC 520 are fast, the distances are so vast that the battling pair will surely not change its shape noticeably during our lifetimes."

- https://apod.nasa.gov/apod/ap210907.html

The Poet: Mary Oliver, "Mysteries, Yes"

"Mysteries, Yes"

"Truly, we live with mysteries too marvelous

to be understood.

How grass can be nourishing in the

mouths of the lambs.

How rivers and stones are forever

in allegiance with gravity

while we ourselves dream of rising.

How two hands touch and the bonds

will never be broken.

How people come, from delight or the

scars of damage,

to the comfort of a poem.

Let me keep my distance, always, from those

who think they have the answers.

Let me keep company always with those who say

"Look!" and laugh in astonishment,

and bow their heads."

~ Mary Oliver

"Reality Avoidance"

"Reality Avoidance"

by Morris Berman

"It’s quite amazing how the news is endlessly about filler, which is what I call it. Very little of this has anything to do with reality, which the Mainstream Media and the American people avoid like the plague. What then is real?

1. The empire is in decline; every day, life here gets a little bit worse; all our institutions are corrupt to varying degrees; and there is no turning this situation around.

2. A crucial factor in this decline and irreversibility is the low level of intelligence of the American people. Americans are not only dumb; they are positively antagonistic toward the life of the mind.

3. Relations of power and money determine practically everything. The 3 wealthiest Americans own as much as the bottom 50% of the population, and this tendency will get worse over time.

4. The value system of the country, and its citizens, is fundamentally wrong-headed. It amounts to little more than hustling, selfishness, narcissism, and a blatant disregard for anyone but oneself. There is a kind of cruelty, or violence, deep in the American soul; many foreign observers and writers have commented on this. Americans are bitter, depressed, and angry, and the country offers very little by way of community or empathy.

5. Along with this is the support of meaningless wars and imperial adventures on the part of most of the population. That we drone-murder unarmed civilians on a weekly basis is barely on the radar screen of the American mind. In essence, the nation has evolved into a genocidal war machine run by a plutocracy and cheered on by mindless millions.

Most Americans hide from these depressing, even horrific, realities by what passes for ‘the news’, but also by means of alcohol, opioids, TV, cellphones, suicide, prescription drugs, workaholism, and spectator sports, to name but a few. This stuffing of the Void is probably our primary activity. In a word, we are eating ourselves alive, and only a tiny fraction of the population recognizes this."

- https://morrisberman.blogspot.com/

"The Cost Of Raising Kids Is Completely Out Of Control!"

Full screen recommended.

Michael Bordenaro, 9/5/25

"The Cost Of Raising Kids 

Is Completely Out Of Control!"

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"This Proves Everything: Don't Say I Didn't Warn You!"

Full screen recommended.

Steven Van Metre, 9/5/25

"This Proves Everything: 

Don't Say I Didn't Warn You!"

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The Daily "Near You?"

Oklahoma City, Oklahoma, USA. Thanks for stopping by!

"I Went to Most Popular Park in Moscow: VDNKh"

Full screen recommended.

Travelling With Russell, 9/5/25

"I Went to Most Popular Park in Moscow: VDNKh"

"On the last day of Summer, what do you do in Russia? Take a walk around the World Famous VDNKh Park in Moscow, Russia. First opened in 1935, VDNKh serves to highlight the Exhibition of Achievements of the National Economy. The Soviet name VDNKh is an acronym meaning 'the Exhibition of the Achievements of the National Economy.'"

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"The Worst Part..."

"People cry not because they are weak.

It's because they've been strong for too long."

 - Johnny Depp

"Col. Douglas Macgregor, 'America: A Dangerous Time On The Brink Of Annihilation'"

Gerald Celente, 9/5/25

"Col. Douglas Macgregor, 'America: 

A Dangerous Time On The Brink Of Annihilation'"

"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."

- https://trendsjournal.com/

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Judge Napolitano, "INTEL Roundtable w/Johnson & McGovern: Weekly Wrap 5-September"

Judge Napolitano - Judging Freedom, 9/5/25

"INTEL Roundtable w/Johnson & McGovern: 

Weekly Wrap 5-September"

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"How It Really Is"

 

Adventures With Danno, "A Very Disappointing Trip To Meijer"

Adventures With Danno, AM 9/5/25

"A Very Disappointing Trip To Meijer"

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"Publishers Clearing House - The Checks Just Stopped!"

Full screen recommended.

Dan, I Allegedly, AM 9/5/25

"Publishers Clearing House - 

The Checks Just Stopped!"

"Publishers Clearing House has stopped their famous prize checks, leaving winners in a tough financial spot. In today’s video, I explain how this shocking situation unfolded and why it’s a powerful reminder to always choose the lump sum when offered payments. From lawsuits and bankruptcy to financial advice about annuities and settlements, this story has it all. Plus, I share insights into other financial news, including Spirit Airlines' bankruptcy and lessons from Bobby Bonilla's legendary annuity deal."

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- https://www.youtube.com/

"The FED Is About To Make Things Much Worse, Careful What You Wish For"

Jeremiah Babe, 9/5/25

"The FED Is About To Make Things Much Worse, 

Careful What You Wish For"

Comments here:

- https://www.youtube.com/

Bill Bonner, "All Aboard"

"All Aboard"

by Bill Bonner

Paris, France - "The train keeps rumbling and trundling down the tracks. Out the window, the most exciting financial trend we’ve seen so far this year? Al Jazeera: "The gold market is booming as investors seek a safe haven for their investments amid global economic uncertainty. The price of gold has risen by nearly a third over the past year, surpassing $3,550 per ounce on Wednesday to hit an all-time high." And the biggest worry? Bloomberg: "Global Bond Selloff Deepens with Longer Debt Leading Losses."

What are these news stories telling us? We don’t know for sure, but we think this train is headed for a place that begins with an ‘s.’ “The real problem is the money…the dollar,” we explained to French friends last night.

“When the Nixon administration switched to a pure-paper currency, it falsified our money and skewed everything. Foreigners were able to make things cheaper…partly because they are just lower-cost competitors…but also because the US was pumping up labor rates, along with everything else.”

Today, the ‘labor cost’ part of making a product in China, for example, is only about 1/5th of what it is in the US. In Vietnam, it’s only 1/16th as much as the US. This labor cost gap widened after the phony dollar was put into service. As the fountainhead of worldwide money-printing, US manufacturing costs increased faster than those of other countries - making the US less and less attractive as a place to make things. That’s why so many things are no longer ‘Made in America.’

“It had nothing to do with the lack of tariffs…or with foreigners taking advantage of us,” we continued. “Last year, trillions in trade changed hands, at low tariff taxes…with less than 1% average difference between what we had to pay in tariffs and what others paid us. Tariffs were never the problem. And raising them now won’t solve anything. It will just raise costs by creating new barriers to trade.”

That little discourse seemed to do the trick. Our friends changed the subject. We’d like to change the subject too. But our subject is money. And the new tariff regime is going to ‘play Hell’ with it.

Tariffs are essentially a sales tax. And a sales tax - averaging maybe 15% - is going to reduce consumer purchasing power…and cut into sales and profits. That is, it will be downer.Fewer goods and services will trade hands. GDP growth will slow. Sales and profits will fall. A real slowdown, in other words. And look, we strain our eyes…we can now make out the first four letters of the sign ahead - s, t, a, and g….

The tariffs may be struck down next month, along with many other features of the Big Man’s rule. Not knowing what comes next also contributes to a slowdown. No one wants to make a major financial decision while so many balls are up in the air. They might come down on our heads.

Rising bond yields (falling prices for bonds) tell much the same story. It will be more expensive to borrow money tomorrow than it was yesterday. Projects that might have made sense in May or June are looking less attractive in September. Because the cost of finance has gone up.

But of course…there’s always more to the story, isn’t there? And the more to this story is on the signpost ahead -- f, l, a, t, i, o, n. That’s the part the gold market is probably talking about.

Tariffs will drive up prices. So will uncertainty itself. Producers will be reluctant to ramp up output. They will want to see sustained price increases before they make further investments. Supplies will go down; prices will go up. And the job market will soften. A report out yesterday told us that the feds are about to announce a big revision in the unemployment numbers – in which almost a million jobs will disappear. And then, the Fed, whose job is to make sure we have full employment, will have to lower interest rates…and ‘print’ more money. Next stop. Stagflation."

- https://www.bonnerprivateresearch.com/

Jim Kunstler, "The Grifters' Lament"

"The Grifters' Lament"

by Jim Kunstler

"We are the sickest country in the world. That's why we have to fire people at 

the CDC. They did not do their job! This was their job to keep us healthy!" 

- Robert F. Kennedy, Jr.

"What a gruesome spectacle it was to see HHS Secretary Robert F. Kennedy, Jr. take on a conclave of vicious grifters on the Senate Finance Committee straining to warp reality in defense of their mighty patron, the nation-wrecking pharmaceutical companies. Do you understand how deep, convoluted, and grave the political sickness is?

Over the years, the public health agencies and “big pharma” had evolved into a symbiotic vector driving the nation into chronic illness. They allowed the population to poison themselves on a diet of corn syrup, engineered snack foods, and chemical additives. Result: epidemic obesity, diabetes, and many other illnesses. To counter that, they dosed everybody to-the-max with sketchily-tested pharma products while the agency employees raked in royalties and pharma got a get-outa-jail-free card in the 1986 National Childhood Vaccine Injury Act (NCVIA) - legal liability cancelled.

Then, they all badly mis-stepped, conniving in the Covid-19 operation, a still poorly-comprehended scheme to punk the American people and enable mail-in ballot fraud to steal the 2020 election. First, there was Dr. Fauci’s years’ long effort to hatch a novel corona virus, Covid-19, in labs here and overseas. Then, there was the opportune release of the virus in 2019. Then, the pharma response to the virus: a “miracle” mRNA vaccine that was likely already developed in secret, even before Operation Warp Speed was acted-out to pretend that pharma just came up with it. And, of course, there was President Trump 1.0 getting hosed by his Covid Response Team (Fauci, Birx, et al.) on all this.

Thus, you have that battery of US Senators all paid handsomely by Pharma to defend the industry with hysterical obfuscation against the lone figure, Mr. Kennedy, striving to correct all that fantastic corruption. He retorted to their malign nonsense honorably, revealing their conflicts of interest, their cupidity, the bales of dollars paid by pharma to the likes of Elizabeth Warren, Bernie Sanders, and the rest over the years, and their longstanding silence on the afore-mentioned poisoning and drugging of America.

Incidentally, to understand how this grift got so exorbitant, look to the unfortunate 2010 Supreme Court decision Citizens United v. Federal Election Commission (558 U.S. 310). In a 5-4 ruling (by majority conservative justices, then including Alito, Thomas, and Scalia), SCOTUS decided that previous prohibitions on corporate money in election campaigns were unconstitutional because corporations enjoy legal status as persons, that is, as citizens, and giving money to election campaigns is a form of free speech under the first Amendment, which can’t be abridged by any law.

And so, the spigot opened on vast fortunes laid on politicians by corporations seeking to protect their interests. If anything went to warp speed, it was the Beltway lobbying industry. The Citizens United decision was a singular tragedy for our country. The legal reasoning behind it was specious because corporations, unlike real human citizens, do not have duties, obligations, and responsibilities to the nation, entailed in their citizenship. Rather, corporations have duties, obligations, and responsibilities solely (and explicitly in law) to their shareholders, whose interests are not necessarily consistent with the public interest. Why has no one noticed this?

Well, they haven’t and that is exactly where American politics went badly off-the-rails. The resulting accelerated corruption in the public health agencies of our government has been a disgusting side effect of all that, which RFK, Jr., has been called to clean up, a Herculean task. The most visible manifestation of that corruption is the chronic illness of the people - 76.4 percent of all of us, he told the committee, with eight out of ten young men physically unfit for military service. We’re the sickest nation in the world.

When the senators confabulate over “the science,” what they really mean is the armature of medical authority that has enabled the money-flow to their campaign committees (and eventually to their own bank accounts.) It’s that very scaffold of authority that has collapsed. Why? Because the medical authorities lied over and over about the Covid-19 episode, and especially about the vaccines, which were never properly tested, and were neither safe nor effective.

Your own doctors got paid extravagantly to push the vaccine. The so-called Pfizer Papers, collected, collated, and analyzed by Naomi Wolf’s organization (because nobody else would do it) showed the sloppiness of the whole process behind the vaccines’ development and release, and the pharma companies’ evasion of responsibility for the damage done. The medical journals lied about everything from the origin of the virus to the efficacy of the vaccine. The CDC campaigned against viable, inexpensive treatments for the virus. The CDC pushed the worthless, gamed PCR tests to jack up the case numbers. The CDC pushed the idiotic mask rules, school closings, business closures, and the vaccine mandates. The hospitals killed people with remdesivir and respirators, and got paid for it! The authority of all these parties is blown, especially the CDC’s - and these perfidious senators have the gall to hide behind this “science”?

What Mr. Kennedy is challenged with is sorting through all the official lies told by these agencies - the so-called “data” - to arrive at a comprehensible picture of what really happened. And then to inquire beyond Covid into many other pharma products that might be making Americans sick. Neither the politicians nor the people employed by the agencies when Covid went down want that to happen."

- https://www.kunstler.com/

Musical Interlude: 2002, "Feast of Immortals"

Full screen recommended.

2002, "Feast of Immortals"

"In Irish folklore, Manannán Mac Lir hosted

 banquets at which those who ate never grew old."