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Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Last Friday's dismal jobs report (where 23K jobs were lost) had a silver lining: the unemployment rate dropped to 4.1%, the lowest since June 2025, dinging expectations that the AI revolution would lead to a spike in unemployment. There was just one problem: unemployment dropped not because more people found a job, but because the labor force shrank by a whopping 264K, and down more than 2 million since the start of the year.
To be sure,...
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Jul 15, 2026 / Larry C. Johnson
Iran No Longer Bound by MoU, Adjusts Tactics
Iran’s announcement declaring the MoU dead was quickly followed by a definitive change in Iran’s military tactics. On Tuesday, Iran’s Deputy Foreign Minister, Kazem Gharibabadi: ‘The U.S. has not merely ‘violated’ the Memorandum of Understanding. With tonight’s action (naval blockade) the MoU has been completely dismantled. Iran is no longer bound by the MoU. Until today […]
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Jul 27, 2026 / Tyler Durden
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
By Tsvetana Paraskova of OilPrice.com
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying Saudi crude to Asia to choose the much longer route through the Suez Canal, the Mediterranean, and around Africa.
The supertanker Olympic Luck, partially laden with Saudi crude at Yanbu on the Red Sea, transited the Suez Canal into the Mediterranean late on Sunday, according to shipping data monitored by Bloomberg.
The U-turn...
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Feb 21, 2026 / Mark Thornton
Four-Letter Economic Words
Seven four-letter words: one clear roadmap for staying productive, solvent, and sane in chaotic times.
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