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πŸ‡ΊπŸ‡Έ US employment falls by 818,000

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πŸ‡ΊπŸ‡Έ US total credit card debt

Three years ago: $0.78 trillion

Now: $1.14 trillion

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🚨🚨 Global Debt Hits All-Time High $315 Trillion

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πŸ‡§πŸ‡Ύ πŸ‡ΊπŸ‡¦ Belarus President Lukashenko says if #NATO troops enter Ukraine, both tactical and strategic nuclear ☒️ weapons will be used.

"This will start World War 3."


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JUST IN: πŸ‡ΊπŸ‡Έ California State Senate Committee approves bill to allow illegal immigrants to buy homes with $0 down payments and 0% interest loans.

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πŸ‡¨πŸ‡³ Walmart $WMT sold its entire $3.7B stake in $JD to focus on its own operations in China - Reuters

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πŸ“Š Odds of a 50 bps interest rate cut at the September Meeting have increased again to 36.5%

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πŸ“Š Current situation:

1. US job additions revised lower by 818,000, largest revision since 2009

2. US unemployment rate is up to 4.3%, highest since 2021

3. 5 out of the last 6 jobs reports have now been revised LOWER

4. A record number of Americans are now working multiple jobs

5. US Dollar has lost 25% of its purchasing power in 4 years

6. 11% of credit card balances in the US are now delinquent, the highest in over a decade

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πŸ“£ LinkedIn co-founder predicts 9-5 jobs will be extinct by 2034

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πŸ‡·πŸ‡Ί πŸ‡ΊπŸ‡¦ President Putin says Ukraine tried to attack Russia's nuclear power plant in Kursk.

The attack was unsuccessful and drones were intercepted.

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BREAKING: πŸ‡ΊπŸ‡Έ Robert F. Kennedy plans to drop out of the presidential race by the end of the week, per ABC news.

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🚨🚨 Congo reports more than 1,000 new mpox cases in a week.

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Presidential worth before and after Office:

πŸ“ˆ Barack Obama: $1.3M to $70M
πŸ“ˆ George Bush: $20M to $40M
πŸ“ˆ Bill Clinton: $1.3M to $241.5M
πŸ“ˆ George H.W. Bush: $4M to $23M
πŸ“‰ Donald Trump: $3B to $2.3B

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πŸ‡ΊπŸ‡Έ U.S. Dollar is being used in 48% of global payments, the highest level in over a decade.

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JUST IN: Money-Market Fund Assets climb to all-time high of $6.24 trillion

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BREAKING: πŸ‡¨πŸ‡³ Chinese Stock Market on track for a record high number of delistings

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BREAKING: πŸ‡·πŸ‡Ί πŸ‡¨πŸ‡³ Russia to launch stablecoins linked to the Chinese Yuan and BRICS currency in moves to ditch the US dollar for trade.

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πŸ‡ΊπŸ‡Έ Powell says confidence in 2% inflation path has increased, time has come to adjust policy, does not seek further cooling of the labor market: Jackson Hole

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BREAKING: πŸ‡ΊπŸ‡Έ RFK Jr. is officially withdrawing from the 2024 presidential election and endorsing Donald Trump.

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JUST IN: 🚨 US start-up failures jumped to 254 over the past year, the highest level since at least 2019.

The annualized rate of start-ups going failing is now 7 TIMES larger than 5 years ago.

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πŸ‡ΊπŸ‡Έ SUMMARY OF FED CHAIR POWELL'S REMARKS (8/23/24):

1. "The time has come for Fed policy to adjust"

2. Fed "will do everything" to support a strong labor market

3. Fed does not welcome further weakening of the labor market

4. Confidence has grown that inflation is heading to 2%

5. Balance of risks to Fed mandates has changed

6. Inflation has declined significantly toward the goal

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