Welcome To The Theater Of The Absurd

March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops We titled our nonfarm payroll preview post "a substantial bounce" and boy were we right: with consensus expecting a material rebound from February's negative print (which was revised as usual worse, from -92K to -133K), what the BLS reported instead was a huge beat to expectations of a 65K increase, with March jobs reportedly rising by 178K, the biggest increase since December 2024. The number was driven entirely by a surge in private workers...

Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected). The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - retreated by 3.2 points to 121.2. The Expectations Index -...

"Mr. Biden Lives Abroad": Hunter Leaves Country As Former Lawyers Seek Millions Authored by Jonathan Turley, “Mr. Biden lives abroad.” Those four words in a filing from Barry Coburn confirmed what had long been rumored about his client: Hunter Biden has left the country as his former lawyers and creditors seek millions in unpaid debts. He added, “He cannot pay his current lawyers.” As I wrote about years ago, Biden’s art grift would dry up as soon as he could no longer deliver influence and access to power. Reportedly unable to move art, Hunter has moved...