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Schaftlein Report: Economist Jerry Bowyer Discusses Everything About the Economy

Guest Jerry Bowyer Economist, Journalist, Author talks to us about the economy, jobs, taxes, and everything…

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Trending: TV Anchor Who Wrote Anti-Clinton Book Dies of ‘Apparent Suicide’

Guest: Jerry Bowyer – Economist, Journalist, Author of multiple books including The Maker Versus the Takers, Founder of the Allegheny Institute

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Topics:

1) The Jobs Market Heats up – Unemployment falls to 5.8% which is the lowest since March 2020 – 559K Job created in May
Production wages grew at 9% annual basis for April and May – Hospitality wages up 17%
Many parts of the country are experiencing unemployment rates at or below – 3%, yet we have 7.6M fewer jobs than February 2020
There are 9.2M Job Openings in the US
Average earnings are at $30.33 per hour
What is the effect of generous Unemployment benefits having on the labor market, specifically the extra $300 per week from the Federal Govt
US ISM MFG Production Index is at 61.2 not too far from an all time high?

2) Biden’s Infrastructure Plan if approved by Congress faces many hurdles and problems few politicians are talking about
Problem 1 – There are fewer workers to fill jobs
Problem 2 – We have a shortage of Cement Mills, Steel, Lumber (30% has to come from Canada), Aluminum for appliances – Copper for wiring and cement foundations – This may crowd out housing
Problem 3 – US producers are already overbooked on orders

3) Inflation is currently running in the range of 3-4% – Is it transitory or baked into the system – The FED says it is transitory?

4) Why is the 10 year note still in a range of 1.5% to 1.6% with all of the Government spending and the Fed buying $150B of bonds per month?

5) What are the implications of the proposed Global minimum corporate Tax of 15% being pushed by Sec. Yellen and other Finance Ministers? What are the chances of that becoming law?

6) Small Businesses are worried about the tight labor market and Inflation

Opinion

Donald Trump Issues Stern Warning About America’s Future, Unless…

“Hopefully, courage will prevail”.

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As his time in the Oval Office came to a close, Donald Trump began to develop some serious doubts about the way in which American elections are held, and whether or not the system is sustainable. These worries have continued long after he stepped away from the West Wing, as The Don continues to suggest that the contest was stolen from him – a claim that a great many of his supporters share as well. Now, as he plots his next move, the former Commander in Chief has a worrisome warning for this great nation of ours. In an email to his supporters, Trump said the Department of Justice has “no choice” but to “look at the massive voter fraud” that took place during the 2020 presidential election. “The Department of Justice (DOJ) is adding more people onto its roles in order to fight against efforts to limit voting and, I assume, other illegal voting acts,” he wrote in the Saturday email. “Based on that it would seem the DOJ has no choice but to look at the massive voter fraud which took place in certain Swing States, and I assume elsewhere, during the 2020 Presidential Election Scam,” the former president continued, listing a number of ways voter tallies could have been compromised: “whether it be voting machines, underaged people, dead people, illegal aliens, ballot drops, ballot cheating, absentee ballots, post office delivery (or lack thereof!), lock boxes, people being paid to vote, or other things, the 2020 Presidential Election is, in my mind, the Crime of the Century.” And that wasn’t all: “It will only get worse,” he predicted, saying “the voting irregularities and fraud of that election must be brought to light, immediately.” If left unchecked, Trump speculated a grim future. “Otherwise, we have no Country, certainly not…

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Opinion

TV Anchor Who Wrote Anti-Clinton Book Dies of ‘Apparent Suicide’

Those who’ve long suspected the Clintons of foul play were buzzing this week.

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Hillary Clinton

In many cultures around the world, we find the same tale over and over, of a boogeyman who snatches up wayward or misbehaving children and carts them off to their doom. This is largely a shared mythos; an amalgam of all of the dangers of the world around us, meant to reinforce the idea that youngsters aren’t yet ready to face the world alone. But the concept isn’t exclusive to parents raising their children, however.  There are political boogeymen as well, who seem to see their critics disappear at a rate much higher than the median.  These are folks like Vladimir Putin, or the Crown Prince of Saudi Arabia. And, of course, the Clinton family, whose decades of watching their enemies perish has been the stuff of legend in online conspiracy circles. Those forums were again buzzing this week. CHRISTOPHER Sign, an award-winning TV news anchor who wrote a 2016 exposé on Bill Clinton, has died. Local police chief Keith Czeskleba said on Saturday the death is being investigated as a suicide after the ABC 33/40 newsman was found at his home around 8am. Here’s where it gets interesting, at least for believers in the “Clinton Body Count” conspiracy theory. Sign, a former University of Alabama football player, penned a book about a secret tarmac meeting between Bill Clinton and then-Attorney General Loretta Lynch in June 2016. ‘Secret on the Tarmac’ was published in 2019. The idea that the Clintons are involved in a nefarious plot to wipe out their political opponents has been so widespread that it even has its own Wikipedia page.

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