Corte Madera, CA -- (ReleaseWire) -- 06/27/2022 -- The JOLTS open jobs number has revealed itself as not a reasonable representation of serious job openings and thus cannot be confidently relied upon in the future. Below is the detailed report on this, and the pdf version with references and full calculations can be downloaded for free here.

R.I.P. J.O.L.T.S.
Economists can easily determine there's a substantial labor surplus as even CPI-gauged real wages decreased 2.4% in 2021, a year of record corporate profits by every system of measurement (e.g, after tax profits increased 37.3%). Add at least another -4.6% to the decrease in CPI-gauged real wages for a total decrease in real wages of at least 7% based on actual inflation (mainly due to CPI's blatant massive underestimation of rent and owner equivalent rent; see Exhibit A) and that means that there's actually a massive labor surplus. We also know there's a massive labor surplus by looking at comparative OECD Working Age Employment Rates wherein several countries absolutely destroy the US despite having universal healthcare and thus working not being a matter of life and death. Faced with a massive labor surplus, employers have seen no need to substantially raise wages in order to retain or obtain employees despite having ample excess revenue with which to do so.

While inflation may not have been noticeable to the average worker in distant years past, the fact that big inflation has been upon us currently for over a year now is no secret to anyone (with CPI hitting 5% in May 2021). Everyone who eats food, which is to say everyone, knows inflation is raging. The average person doesn't know what the heck a CPI is, but they know how much they need to maintain or improve their standard of living. After all, they're the ones who know what their own budget and bills are.

However, during this time period of massively decreasing real wages, the gap between the U-3 reported number of unemployed (jobless people actively applying; 5,964,000) and the JOLTS reported number of open jobs (10,353,000) greatly widened to 4,389,000 (a gap that taken on its own could even imply a large labor shortage to laymen) thus exposing the reported open jobs number as useless and incompatible with the standard economic model. In other words, the JOLTS open jobs number is not a reasonable representation of serious job openings. This revelation represents a loss for economists who now have one less citable data point. The only alternative to getting rid of the JOLTS open jobs number, at least under its current methodology, would be to get rid of the law of supply and demand. The ability to confidently cite the JOLTS open jobs number has always just been wishful thinking as it is a self-selected, self-reported survey with zero scrutiny as to the employer's level of seriousness toward hiring for the reported open job (even merely accepting applications satisfies the requirement). Further, while we can't just create jobless people out of thin air, we can create reported open jobs out of thin air, and treasonous organizations even have the incentive to do so in attempt to influence government policies in ways that cut their costs such as: (1) reducing the perceived need for social safety nets in order to reduce their tax burden, (2) promoting massive increases to work visas and illegal immigration, and (3) promoting international "free trade" agreements purposed to outsource jobs.

A government statistic has plausible believability until the day that it doesn't. When you report 73.6% more open jobs than jobless people actively applying in the face of an at least 7% decline in actual-inflation-gauged real wages and an increase in after tax corporate profits of 37.3%, that day has very obviously come for the JOLTS open jobs number with it being exposed as completely unbelievable and consisting of a high percentage of very unserious "openings." While the unseriousness of reported job openings can also come in forms that are more qualitative and difficult to measure (such as the extent to which employers are unwilling to train or the extent to which employers limit their consideration to people who fulfill an impossibly unreasonable wish-list and only hypothetically exist), when we've got the quantitative data outlined in the previous sentence, it's an open and shut case that all of the "THerE's a laBOr shoRTAge" phony hand wringing and just-so stories in the world cannot defeat. In fact, the idea that there's a general "labor shortage" is something typically espoused by people who don't even know what those words mean. While it is possible that there is a labor deficit at wage levels currently being offered, you cannot lower your offer price in real terms for an item and then claim there's a shortage of it. A shortage is when there is no price high enough that will buy enough to meet demand.

The year of 2021, a year of big profits and big supposed job openings was a stress test for the JOLTS open jobs number and it failed big time as revealed by the massive decrease in real wages. Now that the JOLTS open jobs number has revealed itself as just one more useless thing published by the BLS, the general public is left with the OECD's quarterly publication of the Working Age Employment Rate as the only high level thing of value worth paying attention to regarding the unemployment situation as it automatically takes into consideration that the retirement age in the US is 65 and thus neutralizes (renders meaningless) the effects of changes in birth rates compared to the Labor Force Participation Rate which does not. Between this paper and the paper "Inside Donald Trump's Unemployment Rate," BLS has had all of their most famous statistics completely debunked and now sits at the precipice of irrelevance. Rather than continue to propagate zombie ideas and waste taxpayer money on all of the work that goes into the various useless unemployment rates and the useless open jobs number, BLS should begin publishing the Working Age Employment Rate and do so on a monthly basis. As automation grows, the context of the Working Age Employment Rate will likely have to be supplemented with a weekly average hours worked per worker statistic.

As an aside, it should go without saying that, as the US is an approximately 70% consumer based economy, when employers decide to so violently lower real wages, it causes a contraction in economic activity.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Corte Madera, CA -- (ReleaseWire) -- 04/14/2022 -- Unless you're only semi-literate or have been living under a rock, you are no doubt aware that Nazism and corruption are major problems in Ukraine. But just how Nazi is Ukraine? The answer is that Nazism is flat out endemic in Ukrainian culture and any attempt to deny that fact is purely dishonest.

Bruin Financial Management has compiled a jacket on Nazism in Ukraine which can be downloaded for free in pdf form, fully referenced, here. The jacket, which is titled "Just How Nazi is Ukraine? Considerations for Global Investors and Multinational Corporations" appears in this article below the dashed line, without references.

Nazis in Ukraine are becoming ever increasingly armed with heavy weapons such as Javelin and Stinger missiles which may be used to terrorize Europe for years to come.

This matters as not merely a moral hazard for global investors and multinational corporations, but as a public relations nightmare as historians will not be kind to those who collaborate with Nazis, and sophisticated entities will not be treated as having been merely naive.

It's hard to believe that this even has to be said, but the US American people view Nazis as bad and view Nazi collaborators and sympathizers as traitors who spit on the graves of our veterans. Those who cross this redline do so at their own peril.

You can be certain that someone somewhere is keeping a list.

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Just How Nazi is Ukraine? Considerations for Global Investors and Multinational Corporations

- Since the 2014 violent coup in Ukraine that removed a democratically elected president, Ukraine has been erecting Nazi monuments nearly every week. As of January 2021, Ukraine's cities have hundreds of public monuments to Nazis consisting of large outdoor statutes, large outdoor plaques, museums, and schools dedicated to key Nazi figures as well as many hundreds of streets named after them. Some of the Nazis most commonly celebrated with monuments in Ukraine include Stepan Bandera, Yaroslav Stetsko, and Roman Shukhevych. Stepan Bandera and Yaroslav Stetsko were the leaders of the Organization of Ukrainian Nationalists, Bandera Faction (OUN-B) who formulated OUN-B's Nazi incorporation and much of OUN-B's plan to systematically exterminate Jews leading it to participate in the slaughter thousands of Jews during the Holocaust. Apologists often cite the fact that Bandera and Stetsko were later temporarily jailed by the Germans, but this was because Bandera and Stetsko were dead set on establishing a new Ukrainian state and were mistaken in their belief that their German partnership would help facilitate it. Roman Shukhevych was a leader in a German Nazi battalion and the commander of the OUN-controlled militia, the Ukrainian Insurgent Army which murdered thousands of Jews and 70,000-100,000 Poles.

- In 2015, Ukraine passed a law designating two WW2 Nazi paramilitaries as heroes: the Organization of Ukrainian Nationalists and the Ukrainian Insurgent Army. Ukraine has threatened prosecution against anyone who denies the hero status of these Nazi paramilitaries.

- In 2018, Ukraine banned books that detail the true history of Ukrainian Nazi paramilitaries and other murderous Ukrainian anti-Semites.

- In 2018, a WW2 Nazi paramilitary chant was made the official salute of the Ukrainian Army.

- In 2018, Ukraine made WW2 Nazi paramilitary leader Stepan Bandera's birthday a national holiday.

- Nazi groups have led the attacks on the Donbas region of Ukraine which killed over 3,300 unarmed civilians between April 2014 - June 2021.

- Current militant Nazi organizations in Ukraine include: Right Sector (Pravyi Sektor), C14, Azov Battalion, and Centuria among others.

- The Bandera worshipping Right Sector initiated the 2014 coup of a democratically elected president. Right Sector operates the Ukrainian Volunteer Corps, a large private military with many thousands of members that have done much of the attacks on civilians in the Donbas region of Ukraine.

- In 2021, current Ukrainian President, Volodymyr Zelensky, awarded Right Sector Commander, Dmytro Kotsyubaylo, the "Hero of Ukraine" award. Also in 2021, founder of Right Sector, Dmytro Yarosh, was appointed as an advisor to the Commander-in-Chief of the Armed Forces of Ukraine.

- C14, which has received funding and authority from the Ukrainian Government, has underwent a series of systematic attacks on Roma Gypsies, sometimes assisted in the violence by Ukrainian police.

- Azov Battalion was officially incorporated into the Ukrainian National Guard in 2014 and its vigilante team, National Militia, patrols the streets alongside police. Azov Battalion's first commander, Andriy Biletsky, served in the Ukrainian Parliament from 2014-2019 and penned a manifesto stating that Ukrainian nationalists must "lead the white nations of the world in a final crusade for their survival, a crusade against the Semite-led Untermenschen [German for subhumans]."

- Former Azov Battalion Deputy Commander, Vadym Troyan, was appointed as Kyiv's Chief of Police in 2015 and as the Deputy Chief of National Police in 2019.

- In 2016, the Ukrainian Parliament elected Andriy Parubiy as Speaker of Parliament. Parubiy is the founder of the Nazi groups Social National Party of Ukraine and the Patriots of Ukraine which later became the core of Azov Battalion.

- Ukraine is a main hub for training Nazis worldwide. Between 2015-2020, an estimated 17,000 people came to Ukraine internationally for military training from the Azov Battalion, and globally no other white supremacist group can match its recruitment strength. The Azov Battalion's main recruitment center, The Cossak House, was loaned to them by the Ukrainian government. Azov Battalion also has a youth summer camp for aspiring young Nazi internationals.

- Centuria is an elite Nazi group of military academy cadets and graduates that seek to shape the Ukrainian military's policies from within.

- In 2017, there were more incidents of anti-Semitism in Ukraine than in all of the rest of Eastern Europe/the former Soviet countries combined.

- Current Ukrainian President, Volodymyr Zelensky, has attempted to use his Jewish ancestry as a shield stating that he is Jewish and therefore cannot be a Nazi, thus seeking to erase the evil mass murderous deeds of many Jewish Nazis throughout history such as Chaim Rumkowsky, Ans Van Dijk, Jozef Szerynski, and Abraham Ganwajch who conspired in the murder of hundreds of thousands of Jews.

- Current Ukrainian President, Volodymyr Zelensky, has also said, "There are indisputable heroes. Stepan Bandera is a hero for a certain part of Ukrainians, and this is a normal and cool thing."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Corte Madera, CA -- (ReleaseWire) -- 10/07/2021 -- The SAT Myth, that being that the SAT test is essentially uncoachable and a person cannot significantly raise their SAT test score by taking a prep course, began being promulgated by the SAT's owner, College Board, at least as early as 1965 and continued to be promulgated by College Board at least as late as 2015:

"increases in scores on the SAT that may result from coaching are negligible." - College Board (1965)

"The evidence collected leads us to conclude that intensive drill for the SAT, either on its verbal or its mathematical part, is at best likely to yield insignificant increases in scores." - College Board (1965)

"Unfortunately, by the time most students begin to worry about admission tests, it's too late to do much about the results. Preparation should begin well before the letters S-A-T or A-C-T are even mentioned." - College Board (2001)

"Some students simply have modest abilities in the areas being tested. Their test scores probably won't improve if they take a special preparation course. In fact, scores might even go down." - College Board (2001)

"Fact: SAT Coaching Schools' Programs Yield Modest Score Gains: ... While studies have provided slightly different estimates, on average, the effect of coaching on the math section is between 10–20 points, and between 5–10 points for the verbal section (15 to 30 points in total)." - College Board (2015)

Research recently published in November 2019 titled "Calculating SAT Test Prep Course Return on Investment: A Reanalysis of the Systematic Scientific Literature Review" proved the SAT Myth to be patently false. All scientific studies on the effectiveness of SAT test preparation courses were analyzed to find SAT prep's true effectiveness (the average point change per hour). The scientific studies complete with both known average point change and known average course length (complete scientific studies) yielded an average gain of 3.29 points per hour with the independent complete scientific studies yielding an average gain of 6.42 points per hour and the College Board/ETS complete scientific studies yielding an average gain of 2.84 points per hour.

For many decades, the two most prominent prep companies have been Kaplan and the Princeton Review. Kaplan began as a 64 hour course in 1946 (a 3.5 month course) and Princeton Review is on the historical record as being a 64 hour course at least as early as 1992 (a 1.5 month course), if not beginning with its creation in 1981. The recent research reveals that a 64 hour course yields an average gain of 210.56 points per the analysis of all complete scientific studies and 410.88 points when only considering the independent complete scientific studies. Many of the US's most famous universities have since outlawed the SAT.

Nevertheless, the war on science persists, perpetuated by many of the US's most famous and most illegitimate universities who continue to use the SAT for admission. Not even the forces of the Universe itself have been enough to bring these organizations to heel. A sign of the times.

The research can be downloaded here for free.

Bruin Financial Management is a financial analysis and economic research firm located in Marin County, California. You can contact us at info@bruinfm.com with any questions.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Corte Madera, CA -- (ReleaseWire) -- 06/03/2020 -- Bruin Financial Management has developed a quick cheat sheet on how to discern authentic economists from manufactured experts (posing as economists) and hackademics (some of which are bought off dishonest actors and some of which are just hacks) among public intellectuals and celebrity academics who often talk about economic related issues on TV and in print.

It's not hard to spot these people when you know some of their common tells. They seem to be following a script. While everyone has their blind spots, anyone of the discrepancies covered in the chart should at least raise eyebrows, and any combination of two or more is rather dispositively indicative of a dishonest actor or hack.

The chart can be downloaded for free here: pdf version or image version.

In the age of intensified fake news, about five conglomerates own about 90% of the US media and often act as propaganda arms for the other companies under their umbrellas and their advertisers including many, many a military weapons and surveillance equipment manufacturer.

The problem of fake news cannot be overstated. Fake news seeks to take advantage of those in our society with the lowest mental capacity, including taking advantage of the cognitive decline of old people, many of which now believe the Russians, Chinese, and Mexicans are coming to get them.

If you or someone you know consumes TV news either for entertainment, work, or in hopes of being informed, this chart can be an invaluable resource for discerning whether you are being lied to.

Further, this chart can also be an invaluable primer for TV hosts for use in pushing back on clowns they are forced to interview by their bosses, thus forcing said clowns to tell the truth or directly lie rather than just getting away with lying by omission.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Corte Madera, CA -- (ReleaseWire) -- 03/25/2020 -- The Unemployment Rate Myth, that being that the Headline Unemployment Rate has something to do with the rate of unemployment, has been promulgated by the Bureau of Labor Statistics (BLS) and the media for decades. However, recent research, including a thorough quantitative and qualitative analysis, was unable to detect any relationship whatsoever between the Headline Unemployment Rate and the rate of actual unemployment. The recent research titled "Inside Donald Trump's Unemployment Rate" can be downloaded here for free.

Whatever the official BLS unemployment total ends up being once the Corona Virus population lockdown is in full swing, it's important for government entities to understand that the actual total of jobless people that want work is at least 17 million higher or else risk completely bungling the response. Generally speaking, this is what it is and there is no data to suggest otherwise. Go ahead and look for it until you're blue in the face, you won't find it, it doesn't exist. Even the BLS has admitted they don't have the data to contradict this fact.

Further, it is vital for government entities to understand in general just how much of the US population is already economically vulnerable thus physically vulnerable. When adjusting for inflation, approximately half of the US population was already in poverty prior to the pandemic (strictly not the 11.8% reported by the Census Bureau which uses a poverty threshold defined in 1964). An outstanding summary of this topic was done by Paul Buchheit in his article "Yes, Half of Americans Are in or Near Poverty: Here's More Evidence."

Several of the anemic economic stimulus proposals being floated by members of Congress thus far have illustrated a total and complete lack of understanding of basic economics and reality. A non-understanding of the pre-existing fragility of the US economy and population illustrated by the above points can lead politicians to choose pinchpenny measures inadequate to meeting the moment due to a belief that there is more durability in the financial situations of US households and thus the economy than is actually the case.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Corte Madera, CA -- (ReleaseWire) -- 12/19/2019 -- The SAT Myth, that being that the SAT test is essentially uncoachable and a person cannot significantly raise their SAT test score by taking a prep course, began being promulgated by the SAT's owner, College Board, at least as early as 1965 and continued to be promulgated by College Board at least as late as 2001:

"increases in scores on the SAT that may result from coaching are negligible." - College Board (1965)

"The evidence collected leads us to conclude that intensive drill for the SAT, either on its verbal or its mathematical part, is at best likely to yield insignificant increases in scores." - College Board (1965)

"Unfortunately, by the time most students begin to worry about admission tests, it's too late to do much about the results. Preparation should begin well before the letters S-A-T or A-C-T are even mentioned." - College Board (2001)

"Some students simply have modest abilities in the areas being tested. Their test scores probably won't improve if they take a special preparation course. In fact, scores might even go down." - College Board (2001)

Recent research titled "Calculating SAT Test Prep Course Return on Investment: A Reanalysis of the Systematic Scientific Literature Review" proves the SAT Myth to be patently false. All scientific studies on the effectiveness of SAT test preparation courses were analyzed to find SAT prep's true effectiveness (the average point change per hour). The scientific studies complete with both known average point change and known average course length (complete scientific studies) yielded an average gain of 3.29 points per hour with the independent complete scientific studies yielding an average gain of 6.42 points per hour and the College Board/ETS complete scientific studies yielding an average gain of 2.84 points per hour.

For many years, the two most prominent prep companies have been Kaplan and the Princeton Review. Kaplan began as a 64 hour course in 1946 (a 3.5 month course) and Princeton Review is on the historical record as being a 64 hour course in 1992 (a 1.5 month course). The new research reveals that a 64 hour course would yield an average gain of 210.56 points per the analysis of all complete scientific studies and 410.88 points when only considering the independent complete scientific studies.

The research can be downloaded for free here.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm