Originally published at: https://peakprosperity.com/daily-digest/pharmaceuticals-misogynism-politics-as-usual/
Economy
Economic sentiment among Americans is currently more pessimistic than during the Great Recession, despite lower unemployment rates. This sentiment is echoed by macro experts Stephanie Pomboy and Grant Williams, who suggest that the economy may already be in a recession. Indicators such as flat inflation-adjusted retail sales and declining full-time jobs support this view. They predict that the Federal Reserveās delayed actions could lead to a risk-off phase in financial markets. The experts also discuss the burden of inflation on consumers, with rising costs and stagnant wages making many feel as though they are already in a recession. They foresee disinflation in the near term, potentially leading to broader deflation if the Federal Reserve does not act preemptively. Both experts advise caution with paper assets and suggest holding gold and long-term treasuries.
In related economic news, major US economic data is experiencing widespread downward revisions across various government agencies. This trend, which began with payrolls, has now affected retail sales and industrial production. For instance, retail sales in July initially exceeded expectations, but previous monthsā data were revised downward, indicating a less robust economic picture. Industrial production data also shows significant downward revisions, suggesting a decline since May. These consistent downward revisions imply that the economy is weaker than initially reported, raising concerns about a potential recession.
Politics & Society
In the UK, the government reportedly plans to treat extreme misogyny as a form of extremism under new counter-extremism strategies. Home Secretary Yvette Cooper has ordered a review to determine how best to tackle threats posed by harmful ideologies, including hatred of women. The review will also examine the rise of Islamist and far-right extremism, as well as the radicalization of young people. This initiative follows concerns around āIncel cultureā and incidents like the 2021 Plymouth mass shooting. The review aims to map and monitor extremist trends and identify gaps in existing policies to address these threats effectively.
In the US, the Kamala Harris campaign requires all its workers to be COVID-vaccinated and up-to-date on all COVID shots. This requirement reflects a broader trend of vaccination mandates in various sectors. The campaignās stance may indicate future public health policies under a potential Harris administration.
Health
Tucker Carlson recently interviewed Calley and Casey Means. The discussion centers on their new book, which critiques the American healthcare system. Casey, a Stanford-educated physician, and her brother Calley, a former lobbyist, argue that the focus on specialized medicine and pharmaceutical profits overlooks the root causes of diseases. They advocate for a holistic approach to health, emphasizing the importance of whole, unprocessed foods and lifestyle changes to prevent and reverse chronic diseases. The Means siblings call for policy changes to reduce the influence of the food and pharmaceutical industries on public health.
Sources
Economic Pessimism Surpasses Great Recession Levels as Experts Warn of Looming Recession
People think that their income outlook is worse today than it was when unemployment was 10% at the depths of the global financial crisis, the Great Recession.
Source | Submitted by rhollenb
āRevision Disease: The Epidemic Undermining US Economic Dataā
Revision disease has become entirely too commonplace and spread all throughout some of these major economic accounts.
Source | Submitted by rhollenb
UK Government to Classify Extreme Misogyny as Form of Extremism
Extreme misogyny will be treated as a form of extremism under new government plans, the Home Office has said.
Source | Submitted by Russdee
āKamala Harris for Presidentā Campaign Mandates COVID Vaccination for All Workers
āthe campaign requires all its workers to be COVID-vaccinated and āup-to-dateā on all the COVID shots.ā
Source | Submitted by richcabot
Tucker Carlson Unveils āArt of the Surgeā: An Exclusive Look Inside Trumpās Presidential Campaign
Itās a documentary series called Art of the Surge. Itās all behind-the-scenes footage shot by an embedded team that has never-before-seen footage of what itās actually like to run for president if youāre Donald Trump.
Source | Submitted by Mike from Jersey