THE ECONOMY & MAIN STREET • THE MIDDLE-CLASS SQUEEZE
The ADP private-sector jobs report landed yesterday, and it landed hard. Just 38,000 new positions in August. In May, that same report showed 122,000. Three months… and it dropped 69%. But here’s what should really bother you: education and healthcare alone added 45,000 jobs — more than the economy’s entire net gain. A handful of other sectors grew too, but manufacturing cut 17,000. Professional services cut 16,000. Add it all up without healthcare and education, and the private sector shrank. Friday’s official BLS report is next, and the last one showed the economy losing 23,000 jobs.
DO NOT invest in OpenAI and Anthropic’s IPOs
The mainstream media is wrong about IPOs
DO NOT invest in OpenAI and Anthropic’s IPOs before you hear this.
I understand that the mainstream media is hyping these IPOs up…
The Wall Street Journal promises they’ll deliver a “charitable windfall”...
And Forbes claims they’ll create a new wave of new under 30 millionaires.
As exciting as it sounds, don’t fall for the hype!
Wall Street rigs the IPO game in their favor.
While big name institutional investors cash in on IPOs…
Retail investors are left holding the bag.
In fact, Dr. Shiller, a Nobel prize winner in Economics, found that Wall Street deliberately uses shady tactics to mislead retail investors into investing in IPOs.
But don’t get me wrong…
It’s still possible to profit from OpenAI and Anthropic’s IPOs…
But history shows us that the real money isn’t in the IPOs themselves…
Instead, there’s a lesser-known “backdoor” way that’s available RIGHT NOW before OpenAI and Anthropic go public.
Strip out healthcare and education, and the rest of the American private sector didn’t add jobs in August — it lost them.
