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The green new scam is falling apart just like the economy. EV makers are now laying people, it's all falling apart. The people are now reporting that they are worse off now than when Trump was in the WH. The [CB] has failed and the fake news is now reporting that we are in a selective recession, Biden/Fed ready to counter. The [DS] cannot stop the great awakening, once the people started to wake there was not stopping it. Trump hints at a change of batter and the fake news begins the narrative that Kamala can step into Biden's shoes. Kenya delegates are in DC, Obama is in the WH, coincidence? Trump is making the election to big to rig, this will force the [DS] to abandon their cheating system. No matter which way the [DS] turns they are trapped.

 

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Economy

Luxury Electric Vehicle Maker Becomes Latest In Industry To Announce Huge Layoffs

Electric vehicle (EV) maker Lucid Motors announced that the company would be laying off staff in a bid to lower expenses amid a slowdown in the market.

The layoffs will affect 6% of its workforce, equating to around 400 employees, and will trim from all employee levels, including leadership and mid-level management, according to a filing submitted Friday with the Securities and Exchange Commission (SEC). Lucid is one of several EV makers to announce layoffs in recent months as consumers decline to adopt the product at the rate expected.  

The company estimates that it will have to pay out between $21 million and $25 million in severance pay and benefits in connection with the layoffs, according to the filing. The planned terminations are expected to be done by the end of the third quarter.

 

Source: dailycaller.com

Durable Goods Orders Suffer Yet Another Downward Revision 

Following yesterday's 'good' news from PMIs, this morning we get 'hard' data confirming that 'good' news with preliminary April Durable Goods orders surging 0.7% MoM (vs -0.8% MoM expected). However, as is the way with Bidenomics, March's +2.6% MoM surge in orders was revised down to a +0.8% MoM rise. This is the third month in a row of MoM gains for durable goods new orders and lifts the nominal YoY move to +1.3%...

Source: Bloomberg

Over the last 14 months, durable goods orders have been revised lower 9 times (and the downward revisions are considerably larger than the upward revisions)...

Source: zerohedge.com

https://twitter.com/Fxhedgers/status/1793713188669944312

https://twitter.com/WallStreetSilv/status/1793788590972895667

TAKE A LISTEN

https://twitter.com/KobeissiLetter/status/1794042209433456968

 

https://twitter.com/prayingmedic/status/1793725838246203708

https://twitter.com/BitcoinMagazine/status/1793927733707505796

https://twitter.com/WallStreetSilv/status/1793710577212170606

 applying pressure earlier this year with tweets and getting people to call the co-sponsors to change it to a complete 100% ban.

 

https://twitter.com/BitcoinMagazine/status/1793750833592455475

 

The US economy is in a 'selective recession' as lower-income consumers can't cover the cost of living, JPMorgan says  

Lower-income Americans are already in a recession, according to JPMorgan's Matthew Boss.

The analyst said the US was in a "selective" recession as some consumers .

67% of middle-class Americans said they believed their income wasn't keeping up with the cost of living. 

The US economy is in a "selective recession," as lower-income Americans are struggling to ge...