Category: Economy

Did Snapchat Fake Growth Numbers To Boost Its IPO Value? This Ex-Employee Seems To Think So

According to a lawsuit filed in L.A. Superior Court by former employee Anthony Pompliano, Snapchat has been faking its growth numbers in order to boost its value in an upcoming IPO.  Pompliano, Snapchat's "growth lead", says he was hired away from his position at Facebook to provide confidential and proprietary information about Facebook's systems and…

Fed’s Williams: Get Used to Sub 2% GDP Growth, Meaningless Fiscal Stimulus and Higher Interest Rates

In a CNBC interview today with San Fransicko's Fed Williams, we heard several things that have been repeated ad nauseam by the establishment elite. Get used to very weak GDP growth — thanks to lack of investment and productivity. Trump's fiscal stimulus, although inspirational, won't move the needle all that much.  We're at full employment, despite the…

Trump’s Favorability Up Bigly Before Inauguration – Increasing Number Of Hispanics View As Good Hombre

Given the left’s predilection for using identity politics to slander opponents and incite hatred, it’s important to try and shed light on who actually thinks what. In the latest People’s Pundit Daily poll to “correct the record,” President-elect Donald J. Trump’s favorability has risen slightly above Bloomberg’s December 7th calculation of 51% in advance of Inauguration day. Solid gains were realized across the diverse…

“Blind Faith” Has Ended: The World Is A Complicated Place (And Getting More So)

"I’ve got news for you," warns Bloomberg's Richard Breslow, the world is a complicated place and getting more so, not less… This is not your happy, some would say mind-numbing, environment where the only thing that ultimately mattered was blind faith in the global commitment of central banks to “do whatever it takes”. It will…

Payrolls Preview: Blame Weakness On Weather, Strength On Trump

With all eyes likely on wage growth indications in the subtext of tomorrow's payrolls report (following The Fed Minutes' comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment…

California Farmers Fret Over Labor Shortages As Trump Vows To Deport Their Work Force

Unbeknownst to most Americans, the Central Valley of California is an agricultural powerhouse producing nearly 50% of all fruits and vegetables grown in the United States, including over 90% of popular items like almonds, carrots and table grapes.  But producing all those fruits and vegetables is extremely labor intensive requiring up to nearly 500,000 laborers…

EU lost 400,000 jobs and €17,6 billion to anti-Russian sanctions in 2015

According to a new report released by the Austrian Institute of Economic Research (WIFO), losses from EU anti-Russian sanctions and Russian counter sanctions have been calculated at 17,6 billion euros in 2015, and have cost Europe 400 thousand jobs. In compact Austria the job loss figure stands at 7000, while in Germany nearly 100,000 jobs are believed…