From The Desk of Holy Heresy

A trillion dollars in unsold cars, farmers harvesting crops with no buyers, a jobs report that's not just weak but being revised down into the negative, these aren't disconnected headlines. They are the symptoms of a single, systemic illness festering at the heart of the American economy. Our market is not on the verge of a simple recession; it is caught in a profound stasis of its own making, a perfect storm of policy errors and institutional failures that, if left unaddressed, could lead to a catastrophic market failure. The latest jobs report from the Bureau of Labor Statistics serves as a stark warning. The anemic growth of just 22,000 jobs in August, coupled with the shocking revision that showed a loss of 13,000 jobs in June, reveals that the engine of our economy is not just slowing, it has stalled. This isn't an anomaly; it is the predictable consequence of a fundamental breakdown in consumer demand. How can jobs be created when manufacturers are burdened with a mas...

  The most important economic story this month isn’t on Wall Street, it’s in a Costco food court. There, for $1.50, Americans are still buying the same hot dog and soda combo they’ve relied on for decades. This year, across Costco and Sam’s Club, more than 750 million ultra-cheap meals will be sold. That’s not a celebration of thrift. That’s an indictment of a system in collapse. Because while you’re waiting in line for that last affordable meal, the economy is quietly crumbling beneath your feet. This week, the U.S. unemployment rate rose to 4.3%, the highest since 2021. Just 22,000 jobs were added in August, a near standstill in a country of 330 million people. What’s worse, fewer Americans now believe they could even find a new job if they lost theirs. Consumer confidence in the labor market is at its lowest point in over a decade. None of this is an accident. We are living in the aftermath of economic choices made… Tariffs, already imposed, were sold to Americans as protectioni...