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The old Federal Reserve system is imploding. The [CB] are in trouble. Trump is now putting all the pieces in place and he is dismantling the Federal Reserve System. Trump is continually added more pieces to the puzzle to remove the people from the system and create a new system that will fund the government. The [DS] is in a panic today, Pam Bondi continually threatened the [DS] with the Epstein client list and she was able to expose the sleepers in NY Fed office. Kash and Pam are now investigating. We are in an information war and this was a test to see what ammunition the [DS] has. Phase I complete of Epstein release, moving to the next phase.
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Economy
Initial Unemployment Claims Spike by 22,000 Not DOGE Related
Unemployment claims jumped but it’s not Federal in nature.
In the week ending February 22, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 22,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 219,000 to 220,000.
The 4-week moving average was 224,000, an increase of 8,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 215,250 to 215,500.
Initial Claims and 4-Week Average
DOGE, Random, or Something Else?
The Department of Labor data rules out DOGE.
Source: mishtalk.com
US Pending Home Sales Collapse To Record Lows
Pending home sales tumbled 4.6% MoM in January (after dropping 4.2% MoM in December), dramatically worse than the 0.9% MoM decline expected and dragging YoY sales down 5.2%...
Source: Bloomberg
This drop pushed pending home sales index to its all-time lows…
Contract signings tumbled 9.2% in the South – the biggest home-selling region in the country – parts of which experienced historic snowfall. That marked the biggest drop since the start of the Covid-19 pandemic.
Worse still, home prices continue to rise and squeeze would-be buyers.
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Source: zerohedge.com
Eli Lilly Announces Plan To Invest $27 Billion In America Amid Trump Tariff Threats
Eli Lilly announced that it plans to more than double its U.S. manufacturing investment this year to $50 billion as President Trump threatens to place tariffs on pharmaceutical imports.
The drug giant plans to begin building four domestic manufacturing locations in 2025 and add 13,000 high-wage manufacturing and construction jobs, according to a press release. The company claimed the plans account for the largest pharmaceutical manufacturing investment in U.S. history.