🌎 2nd Quarter GDP growth rates by nation.

Denmark, Croatia, and Romania are leading with rates of 1.2% or greater in the first case.

Italy (-0.1%), Germany (-0.3%), and Finland (-0.4%) are negative.

🇩🇰 CHART WATCH 🇫🇮

🇺🇸 Employees on Nonfarm Payrolls: Total Month-over-Month Net Change (seasonally adjusted)…

Note: the Birth-Death Model put in heavy work on this one, reversing a 74K decline to a 96K gain. The malfeasance in government statistics offices knows no bounds.

🔺️ CHART WATCH 🔺️

🌎 Where Remittance Exceed Top Export Revenue (Africa)

In other words: where the people exported send more money home to a country than the amount exported goods & services can muster for that country.

Gambia is way out in the lead with a multiple of 36.1X.

💰 CHART WATCH 💰

🇺🇸 We’ve got fresh polling on the New York mayoral race, courtesy of Tulchin Research…

Democratic socialist Zohran Mamdani still leads a 4-man 5-man race with 42%. Disgraced ex-governor Cuomo would be the closest at 26%, followed by Republican Curtis Sliwa with 17%.

The current mayor of New York, Eric Adams, is polling only 9%. He is being discussed for an ambassadorship to Saudi Arabia (likely to get him out of Cuomo’s way).

🗳 CHART WATCH 🗳

🇺🇸 Tesla ($TSLA) has been consolidating awhile…

⚡️ CHART WATCH ⚡️

🇺🇸 Durable goods manufacturing is losing jobs at an accelerating pace.

In better news, the government is still losing jobs.

📊 CHART WATCH 📊

🇩🇪 Germany’s energy has stopped contracting, but wind has been a real letdown of late (there isn’t much of it).

Solar is doing better than ever (clearly the winner between the two in the grand European experiment), but it was renewed usage of coal that truly saved the day.

☀️ CHART WATCH ☀️

🇺🇸 The U.S. Job-Finding Rate fell from 26.8% to 24.7%.

The rate attempts to approximate the odds of an unemployed person finding a job within a given period, typically a month.

📉 CHART WATCH 📉

🇺🇸 More polling on the New York mayoral race from the Tulchin Research report. This shows ex-Governor Andrew Cuomo defeating Zohran Mamdani by 11 percentage points in a hypothetical head-to-head contest.

Cuomo garners 52% of the vote to Mamdani’s 41%. Rumors have flown about the White House aiding in cutting down on the participants. The voting begins October 25th and runs through Election Day, November 2nd.

🗳 CHART WATCH 🗳

🇫🇷 France’s debt-to-GDP ratio is at 113% and pushing the COVID highs of 115%.

🇩🇪 Germany, on the other hand, is not suffering from a debt crisis but a stagnation crisis. Its debt-to-GDP ratio is 62.5%.

📈 CHART WATCH 📈

🇺🇸 The growth in American jobs has been woefully dependent on additions to the Health Care and Social Assistance sector.

If you remove those from non-farm payrolls, we’ve lost 143,000 jobs over the last four months.

📉 CHART WATCH 📉

🇺🇸 The 3-month moving average of total job growth excluding healthcare.

It’s been noted this is the first time in 25 years that it has gone negative outside of a recession.

📉 CHART WATCH 📉

🇺🇸 The gerontocracy in the House of Representatives.

📈 CHART WATCH 📈

🇺🇸 It appears most of the nation is entering or already is in recession.

🌎 CHART WATCH 🌎

🇪🇺 This is the change in government primary balance (y axis) and the change in the unemployment rate (x axis)in the Eurozone, latest vs. Q4 2019.

Best Fiscal Shape: 🇬🇷 🇪🇸 🇨🇾
(Greece, Spain, Cyprus)

Worst Fiscal Shape: 🇫🇮 🇦🇹 🇩🇪
(Finland, Austria, Germany)

📊 CHART WATCH 📊

🇮🇹 🇫🇷 This says more about France than Italy.

This is a trillion dollar issue Paris has to deal with…

📉 CHART WATCH 📉

🇺🇸 The Fed Funds & Unemployment Rates

📈 CHART WATCH 📈

🇺🇸 Total Job Growth Before & After CES Benchmark Revisions (thousands, seasonally adjusted)

More at NFU: We Need Independent Public Data Collection

The madness of making financial & economic decisions on the basis of the work of statisticians with immense career incentives to politicize (both in the partisan & nonpartisan senses) the numbers must end.

🛠 CHART WATCH 🛠