Employers Not Hiring College Grads

Employers don't value college degrees as much as originally thought, recent survey data shows, and the disdain is behind a restored appreciation for blue-collar job-seekers that bring skill and experience over education.

The study, known as the Freedom Economy Index (FEI), a joint project of job recruiting service RedBalloon and PublicSquare, surveyed opinions from 70,000 small businesses between Oct. 25 and Oct. 30, with 905 respondents, a 3% margin of error and a 95% confidence level.

When asked about the "return on investment" of higher education, a whopping 67% of participating employers responded "strongly no" when asked if they believed institutions of higher education were "graduating students with relevant skills that today's business community needs."  READ MORE...

Weak EV Demand

On Thursday, Ford withdrew its full-year results forecast, citing "uncertainty" over its tentative deal with the United Auto Workers and warned of continued pressure on electric vehicles as customers balk at paying a premium for EVs over other models.

"It's been a challenging situation, for sure," Ford CEO Jim Farley (right) said during the company's third-quarter earnings call after posting greater losses than expected on EVs. "Matter of fact, our business is never short of challenges, especially right now with the evolution of the EV market and new global competitors from China, as well as the technology disruptions."  READ MORE...

Only One Way Out of Inflation

Jerome Powell - Bank of America

Severe recession needed to cool inflation, Bank of America analysts say

Bank of America: 'Sticky' inflation could take some time to come down

FOX BUSINESS REPORTS...

The only way to cool down inflation is with a recession...  economists define a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

In this case, SEVERE means intense and longer than normal...  whatever normal is because in an economic sense normal is a flexible variable and difficult to define when situations occur that are different than expectations...

This means a recession could last for the next two years of the Biden Administration...  and, if our recession is this severe then you should expect lots and lots of layoffs, a reduction of goods and services to the marketplace resulting in much higher prices.  The Fed will continue to raise interest rates making it rather difficult for individuals, families, businesses, and corporations to borrow money.  These higher rates will apply to ALL LOANS and MORTGAGES.

Our Gross Domestic Product (GDP) will decline which means our economy will decline...  and, as our economy declines then the value of our dollar will decline as well.

• Businesses will spend less
• Consumers will spend less
• Banks will loan less money
• Unemployment will increase
• The Govt might extend unemployment benefits
• If the govt spends more our debt will increase
• Businesses will not expand operations
• Businesses will not invest in future technology
• Businesses will not be globally competitive
• States will reduce services
• Cities will reduce services
• Illegal immigration will deplete resources
• Crime and violence will increase

REMEMBER:  it was not Trump's policies that caused this to happen...  it was Joe Biden's policies that caused this to happen, starting with his attack on the OIL INDUSTRY...

What we are experiencing are the UNINTENDED CONSEQUENCES OF THE DEMOCRATS...