Tag: Biden economy

Five critical factors why prices will stay high for years

Via Sovereign Man

At approximately 9am local time on February 21, 1972, a Boeing 707 airplane dubbed Spirit of ‘76 landed in Shanghai’s Hongqiao airport.

The airplane’s main door opened, and out walked US President Richard Nixon.

The trip shocked the world. There had been no formal communication or diplomatic ties between the US and China for 25 years. And Nixon’s voyage not only normalized relations between the two countries, but it kickstarted decades of worldwide economic growth.

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Biden Administration’s Jobs Report: Altered, Manipulated, Fake

Via Blue State Conservative

The jobs number Biden is touting as showing how stupendous his economic policies have been?  Fake.  A Survey. An altered benchmark.  A faulted, defunct means of measuring employment and unemployment that requires continual modification each month as real numbers are released.

Presented by the Bureau of Labor Statistics, the numbers vary dramatically when compared to the actual payroll audit done monthly by ADP.   ADP’s audit of actual payroll takes a month to compile before it is released which makes more sense.   As a test I looked what ADP reported for December compared to the BLS:   ADP – a loss of 301,000 jobs.   BLS – a gain of 510,000. A discrepancy of 811,000.   Therefore, the 467,000 being surmised by BLS for January is significantly suspicious and could be completely wiped to another revision of -350,000 when ADP releases their report in March.

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EVERYTHING IS FINE

Submitted by Hardscrabble Farmer

Zerohedge

Tyson Foods Soars To Record After Hiking Beef, Chicken And Pork Prices By Double Digits

Stock of Tyson Foods, the world’s second largest processor and marketer of chicken, beef, and pork after Brazil’s JBS S.A., is soaring 9%, hitting an all time high and is one of the S&P’s best companies this morning…

… after the company reported blowout earnings (thanks to passing on surging food prices) and announced that it is raising prices even more as it grapples with a tight labor market and smaller livestock herds. According to the report, beef prices jumped by 32% in the quarter, with chicken up ~20% and pork 13%.

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