South Florida Rules, Lost Jobs & Durham - Takeaways - February 3rd, 2022

South Florida Rules, Lost Jobs & Durham - Top Three Takeaways - February 3rd, 2022 

1. South Florida’s better anywhere else. The weather, the beaches, the culture, given the time I could probably recite a hundred reasons why that’s the case. But this isn’t a random musing on South Florida’s general state of awesomeness – it’s about how much more money we’re making. According to just released data from the US Bureau of Labor Statistics. South Florida led the country in income growth last year. The Miami-metro (which includes Broward and the Palm Beaches) saw average income growth of 6% last year – or 20% greater than the national average and easily the best of any large metro in the county. That’s great news independent of other factors but when you consider the remarkably low unemployment rates as well, its even more impressive. Broward’s unemployment rate is a well-below average 3.6%. Palm Beach County’s still lower at 3.3% and then there’s Miami-Dade sporting a record low 1.4% unemployment rate. To have unemployment rates that are the lowest of any large metro in the country along with the highest income growth in the country says it all. There’s no better place to be working or living than South Florida. Of course, there is the one fly in the ointment and that’s the reality that with inflation running at 7.3% last year – even our best-in-the-country income growth couldn’t keep up. And that’s of course... 
2. Not good. And I began to voice my concerns about the overall economy not being so good in January. It’s not complicated, there’s only so long that inflation can run hotter than incomes before we, nor companies, can’t keep up anymore and that may have started to happen in January. The ADP private sector jobs report was not good. With a loss of 301,000 private sector jobs in January, yeah – really not good. In fact, it was the worst January for jobs since the Great Recession of over a decade ago. While that’s an ominous comparison there’s more that supports the potential for bigger concerns. The job losses came everywhere with companies of all sizes shedding jobs but with the biggest losses coming from small businesses – which are leading economic indicators. And where were the jobs shed – literally every sector except in mining. So yeah, not good. Now the hope by some is that this was a one-off omicron phenomenon. I hope so, but I’m not convinced. I’d already seen multiple economic indicators I track begin to suggest we could be in the earliest stages of something bigger. This did nothing but add to that data. The Crypto crash and stock market correction in January can be added as potential indicators as well. At least whatever will be, will be better because of how strong our economy is in South Florida. 
3. Active ongoing criminal investigation. No this has nothing to do with Jeff Zucker and the poor CNN schmuck on the receiving end of...well anyway. No, it’s a direct excerpt from the most recent court filing by John Durham in his investigation into the Russia collusion hoax. You’ve heard of a “mountain of evidence”. I think Durham’s investigation is an actual example of that. According to the court filing designed to keep the judge updated as to the status and need for the continuation of the impaneled grand jury, he said he had over 130,000 pages of evidence of criminal behavior with an additional 492,000 being processed. Now here’s the thing. And it’s a thing. Based on that initial 130,000 pages of evidence, Durham’s taken down three Democrat operatives involved in the grand conspiracy against President Trump. How many more are set to go down with the next round of 492,000 pages? And as importantly, who? POS news outlets like the aforementioned have ignored Durham’s investigation and attempted to downplay every development – which has already been huge. With what Durham is now in effect teasing – the next round is likely to be big enough that no one can ignore. There’s an active criminal investigation into the DNC, Hillary Clinton campaign and all related operatives. And the first three indictments have been based on only having processed 20% of the evidence. Stand by for news...