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Florida & Texas Lead Jobless Claims Rebound From Near Record Lows
Florida & Texas Lead Jobless Claims Rebound From Near Record Lows
The number of Americans filing for unemployment benefits for the first time rose last week to 211k (more than the 205k expected), but remain well within the range of the last five years, near record lows...
Source: Bloomberg
Florida and Texas saw the biggest rise in initial claims while California and Michigan saw the largest declines...
Continuing jobless claims also rose modestly last week, up to 1.782mm Americans (but still well below the 1.9mm Maginot Line)...
Source: Bloomberg
Combined with last week's positive payrolls...
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Feb 23, 2026 / Larry C. Johnson
War With Iran on Hold… But for How Long?
Trying to figure out what Trump and Netanyahu are going to do vis-a-vis Iran is like trying to read tea leaves in a monster hurricane. Let me start with the facts, i.e., what we know to be true: Rumors are flying around social media that Trump is going to order the attack as soon as […]
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May 12, 2026 / Tyler Durden
Truth Is The First Casualty Of War; The Currency Is The Second...
Truth Is The First Casualty Of War; The Currency Is The Second...
Authored by Nick Giambruno via InternationalMan.com,
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
— Ernest Hemingway
Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted...
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May 1, 2026 / Tyler Durden
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
Authored by Mary Prenon via The Epoch Times,
America’s mortgage debt continues to escalate, hitting the $13.2 trillion mark, according to an April 30 WalletHub report.
The personal finance website and app indicated that the average U.S. household owes nearly $109,000 in outstanding mortgage balances and that mortgage debt has remained on an upward trend over the past few years.
“Mortgage rates are the highest they’ve been in around a decade, and home prices have seen a meteoric rise in recent years...
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