US Manufacturing Sector Shed -8k Jobs on January (Difficult To Undo Damage Done By Biden and Schumer Including Negative Home Equity)

The manufacturing sector shed -8,000 jobs in January, according to the ADP private employment report.

This marks the 32nd consecutive monthly decline, the longest streak since data began in 2010.

In 2024 and 2025, manufacturing employment fell -154,000 and -177,000, respectively.

Since the 2022 peak, -403,000 jobs have been lost, bringing total manufacturing employment down to 12.483 million, the lowest since November 2021.

The sector has now lost HALF the number of jobs wiped out during the 2020 pandemic.

The US manufacturing sector is in recession.

It is difficult to undo the damage to the economy done by Biden and Chuck Schumer with their insane spending and open borders. Like pushing up housing prices to obscene levels under Clueless Joe.

US Manufacturing Sector Shed -8k Jobs on January (Difficult To Undo Damage Done By Biden and Schumer Including Negative Home Equity).

US layoffs are skyrocketing, largely due to the cost of providing Obamacare to employees. Easier to replace full-time workers with part-time and no healthcare benefits.

Sorry Bad Bunny, Your open border fantasies are a nightmare for law and order.

Average Homeowner Tenure Rises To 8.6 Years (Americans Aren’t Moving Much)

Higher housing prices and higher than normal mortgages produces rising average homeowner tenure.

And Americans aren’t moving.

The ratio of home prices to median household income is the highest since “The Big Short” home price collapse.

Housing Bubble Part Deux! Home Price To Median Household Income Now Higher Than During Catestrophic Home Price Bubble Of 2005-2009 (Job Losses Primarily Women)

Yikes! The ratio of US Home Prices to US Median Household Income is now higher than the ratio during the catestrophic housing bubble during the latter half of the 2000s.

Here is a chart of home prices and median household incone,

The labor market is truly screwed-up. The December jobs report reveals that women account for nearly all labor force losses.

I Ain’t Drunk! Home Buyering Collapses As Home Prices 55% More Costly Than When Biden Became President (Mortgage Rates 64% More Expensive)

I ain’t drunk! But it would help in this housing market where housing prices and mortgage rates are much higher than when Joe Biden became President in January 2020. In fact, the Case-Shiller national home price index is 55% higher than when Sleepy Joe took the reins of Presidency and the 30-year mortgage rate is 64% higher.

Because of higher housing prices and mortgage rates,

The Case-Shiller national home price index is 55% higher than when Sleepy Joe took the reins of Presidency and the 30-year mortgage rate is 64% higher.

As a result of higher housing prices and mortgage rate (and Gavin Newsom’s ludicrous policies), it will take over 30 years to accumulate enough savings to buy a home in San Diego, Los Angeles, San Jose and San Francisco.

I ain’t drunk, but first-time homebuyers will need to be drunk in this housing market.

The Fed trying to help the economy.

The US-Weimar Republic! Gold Soaring With M1 Money Printing (Good Governments Don’t)

Money makes the world go around and gold prices soar!

Gold is looking eerily like gold prices during the Weimar Republic in Germany.

Tomorrow belongs to Socialists like AOC and Bernie Sanders who want to keep spending. Along with Senator Chuck

Good governments don’t print insane quantities of money.

Fear! Extreme Fear In Markets At -13 (Greed Is 50 And Above)

Collapsing crypto and metal prices coupled with a tanking stock market is pointing to EXTREME FEAR.

The BofA bull and bear indicator says the same thing.

The realization that government is just a money laundering operation for politicians and that The Fed is just a friend of the big banks says it all.

Pending Home Sales Fall To Lowest Since 2020 (Covid) As People Flee New York And California

According to Redfin, US pending home sales fell to the lowest since the Covid epidemic of 2020.

With the population change from state to state, like New York, California and Illinous to South Carolina and Idaho (home of Napolean Dynamite), it is no wonder that the housing market is in a state of turmoil.

Why leave New York? A scene from Mandami’s NYC.

State Of The Housing Market! Lowest Turnover In Decades, New Construction Premium Vanishes, Median Age Of First-Time Homebuyers Is 40

Home prices exploded under Biden and Covid Federal spending. Making housing unaffordable for millions. Now the turnover rates for homes is at its lowesst rate in decades.

Existing homes are now more expensive than new homes.

Florida housing is getting gut-punched from Naples to Punta Gorda.

Yikes! Median age of first time homebuyers is 40.

Fortunately, Joe Biden is out of office. But Chuck Schumer may make a comeback and restart the insane Covid-era spending. Schumer, the penultimate knucklehead in Congress, approved Ketanji Brown Jackson to sit on the Supreme Court of the USA.

Household Formation Slowing As Is Home Price Growth (Particularly In Bubble-prone Metro Areas Like Fort Myers FLA, Austin TX And San Franciso CA)

Household formation is slowing. Partly due to immigration slowing, partly due to increased cost on living (primarily due to Biden-era Federal spending).

But if Democrats win Congress, they will undoubtedly go for open borders … again.

Home prices are tanking in bubble-ish metro areas like Florida, California and Austin Texas. Oddly, I have lived in Austin, San Francisco and Chico CA. All before that were bubble magnates.

One way to get household formation to increase? https://x.com/i/status/2017468783267614785