Chicago PMI Screams RECESSION! Falls To Cycle Low Of 35.4, Back To 2008 Recession Levels (Copper Prices Rising!)

by confoundedinterest17 Not so Sweet Home Chicago! After unexpectedly slumping last month to 37.9, the Chicago PMI index cratered even more unexpectedly in May, when it defied hopes of a rebound to 41.5, and instead tumbled even more, sliding to a cycle low of 35.4 which was not only below the lowest estimate, but was staggeringly low. To …

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America’s Biggest Asset Class Is in Terrible Shape

For decades, home ownership was considered the foundation of middle class prosperity. Now that foundation’s crumbling… From Peter Reagan for Birch Gold Group According to one index, U.S. consumers are suffering through historically bad home buying conditions. This fact was recently summarized in a somber post by Kobeissi Letter on X: Homebuyer conditions for US consumers …

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A Growing Number of Financial Elites Throwing Their Weight Behind Trump

UNITED STATES: Bloomberg reports that a 'growing number of financial elites are throwing their weight behind Trump' — The Spectator Index (@spectatorindex) May 31, 2024 https://twitter.com/_/status/1796617047733878931 Their weight. pic.twitter.com/NiTN59jHLs — Food Today (@The_Food_Today) May 31, 2024 Financial elites pronounced Elon? — Mirth O. Molefe (@mirthdot) May 31, 2024 h/t DOORBERT

Multiple Russian Strategic-Bombers in the Air. Massive Attack on Ukraine Imminent. F16 Interception Possible.

🚨Update: 8x Russian bear bombers have taken off and are moving towards their launch positions to target Ukraine!! It’s going to be a long night across Ukraine! I’m still surprised Moscow has not carpet-bombed Kiev and Lviv, and razed both cities to the ground. pic.twitter.com/66yACcN0rx — US Homeland Security News (@defense_civil25) May 31, 2024 ⚠️❗️❗️The …

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The housing market floods with new supply, pending home sales suffer largest drop in three years.

The number of NEW single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history. Here’s the FRED chart in case anyone questions the veracity of the chart: https://fred.stlouisfed.org/series/HNFSEPUSSA New home …

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President Biden being asked about Donald Trump describing himself as a ‘political prisoner’

Smiles and runs away, this guy is suppose to debate Trump? MEDIA: President Biden being asked about Donald Trump describing himself as a 'political prisoner' pic.twitter.com/q16iF5cMyZ — The Spectator Index (@spectatorindex) May 31, 2024 The American political landscape has been rocked by what many are calling a travesty of justice. After a contentious trial, widely …

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Japan’s fiscal + monetary foundations are cracking. 2-year yield pumping, now over 0.4%. 3 decades of ZIRP and NIRP continues to end.

Japan's fiscal + monetary foundations are cracking. Everyone should be aware how a breakage will affect global capital flows and their family's wealth. $JPY pic.twitter.com/TCOWHUeGCt — IceCap (@IceCapGlobal) May 31, 2024 It looks like the #BOJ (Directly or through proxy bonks) is back at playing with currency swaps to tame the raise of the $JPY …

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Unprecedented US fiscal stimulus with massive deficit, financed via short-term issuance…. Gold’s rising global reserve status challenges fiat currencies

It's hard to understate just how unprecedented the scale of US fiscal stimulus is at the moment. Not only is the deficit massive for a non-crisis period, but its financing is almost entirely via very short-term issuance, which has never been the case before in a non-crisis time. pic.twitter.com/3mQWWPb7ds — Robin Brooks (@robin_j_brooks) May 30, …

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Congressman Donalds exposes Biden family’s 20 shell companies for alleged money laundering.

In a striking display of political disparity, Democrats have successfully convicted Donald Trump on 34 felony counts. Meanwhile, Congressman Byron Donalds unveils a web of deception involving over 20 shell companies linked to Joe Biden and Hunter Biden, allegedly used for money laundering. The revelation underscores America’s two-tier justice system, where political influence skews legal …

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Stocks’ lowered guidance signals economic slowdown. Violent reactions to bad forecasts.

Observation: Stocks are making their numbers but lowering guidance. These companies are warning you the economy is slowing down. Stocks are priced for perfection which is why the reactions to bad guidance are so violent. — QE Infinity (@StealthQE4) May 30, 2024 Stocks are meeting their current numbers but issuing lower guidance, signaling a slowdown …

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The high cost of Biden’s global humanitarian, military and strategic failures is adding up. Piers , bases and supplies left, drones captured

The Pentagon just said none of the aid from the U.S. Navy pier they built off the coast of Gaza has actually gotten to the Gazans. $320 million U.S. tax dollars and the efforts of 1,000 soldiers and sailors were wasted on this. Another blunder by Biden.pic.twitter.com/Y0OOiIhy56 — Paul A. Szypula 🇺🇸 (@Bubblebathgirl) May 26, …

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Crickets sound around this all across FinTwit… Recessions are contagions in a global economy

Crickets sound around this all across FinTwit… 🦗🦗🦗 https://t.co/lO1isTZN07 — JustDario 🏊‍♂️ (@DarioCpx) May 31, 2024 Recessions are contagions in a global economy. Because we buy and sell so much to one another. Who are the primary buyers of Hong Kong products? That will tell you who’s already in recession. https://t.co/AJfk6kSlkV — Uncle Milty’s Ghost …

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Biden Has Given Ukraine Permission To Strike Inside Russia

President Joe Biden secretly gave Ukraine permission to use U.S. weapons to strike inside Russia, two American officials said on Thursday. The decision is a U-turn that Kyiv’s allies hope helps turn the tide of the war. The decision only applies to the area around the northeastern city of Kharkiv, and aims to ensure that …

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Trump donation page just crashed due to high traffic

Holy shit, the donation page for Trump is down due to high traffic 👀 pic.twitter.com/v9BdyGEWbp — Clown World ™ 🤡 (@ClownWorld) May 30, 2024 🇺🇸 | After the verdict, Donald Trump's donation page crashed. Venture capitalist Shaun Maguire announced a $300,000 donation to Trump.#Trump #USAELECTION2024 pic.twitter.com/3x0ayN1xY2 — Planet Report HQ (@PlanetReportHQ) May 30, 2024 https://secure.winred.com/trump-national-committee-jfc/lp-website-guilty?utm_soure=website&exitintent=true …

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Corrupt Inflation Reporting Damages Social Security

Social Security cost of living adjustments (COLAs) and a number of other financial assets are indexed to inflation. That means they should rise in value hand-in-hand with your cost of living. Here’s why they don’t… From Peter Reagan for Birch Gold Group In previous articles, we’ve covered the topic of “why Social Security’s cost-of-living-adjustment (COLA) isn’t a raise.” In …

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Verdict reached in Trial: Trump found guilty on all 34 counts, sentencing date is July 11.

A New York jury has found Donald Trump guilty on all 34 felony counts of falsifying business records. This historic conviction marks the first time a former U.S. president has been convicted of a crime. The charges relate to falsifying business records related to a hush money payment made by Trump’s former lawyer, Michael Cohen, to adult …

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Massive fire devastates one of the largest free-range egg facilities.

A massive fire broke out at a poultry farm in Southern Illinois. One of the largest free-range egg facilities in the country starting burning last night. Millions of chickens dead. Millions of eggs gone. There wasn’t any determination of what may have caused the fire.… pic.twitter.com/hNKcShIJH3 — Shadow of Ezra (@ShadowofEzra) May 30, 2024 Firefighters …

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31% of recent home buyers struggled due to budget issues and high rates; 69% of US consumers fear a recession within the next year, rising sharply recently.

The recent insights into consumer sentiment and economic outlook paint a complex picture of financial strain and diverging spending patterns across different segments of the economy. With 31% of recent home buyers citing financial challenges like budget constraints and high interest rates, it’s clear that affordability concerns are widespread and impacting major purchasing decisions. Moreover, …

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Fatherhood might be bad for the health of your heart: study

Published May 29, 2024, Fathers have worse cardiovascular health than men without kids, according to a new study. Researchers from Northwestern University and Ann & Robert H. Lurie Children’s Hospital of Chicago analyzed data from 2,814 men between ages 45 and 85 and found that health outcomes varied considerably by ethnicity and how old the …

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“Did you know that 92million chickens have been killed at the behest of the Federal Government just since 2022?”

🚨🇺🇸 America – Bird Flu “Did you know that 92million chickens have been killed at the behest of the Federal Government just since 2022?” The Globalist Lunatics are attacking Farmers & food production everywhere ‼️ They want you eating Bill Gates fake meat & insect gruel.… pic.twitter.com/FLGNyQ2S2f — Concerned Citizen (@BGatesIsaPyscho) May 30, 2024 Since …

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Consumer borrowing stalls as delinquency rates surge, signaling worsening financial distress ahead.

US consumer borrowing has ground to a halt. Tapped out? pic.twitter.com/KH335Qw4lD — PPG (@PPGMacro) May 29, 2024 The recent data on U.S. consumer borrowing paints a concerning picture of financial stability. Delinquency rates, which Austan Goolsbee of the Chicago Federal Reserve Bank highlighted as a critical indicator, have indeed surged in early 2024. This uptick …

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Banking crisis deepens with major sell-offs amid loan defaults and downgrades.

Banking sector is 🚮 — Sam Smith (@Sam65488) May 29, 2024 It appears that the banking sector is facing significant turmoil, with Bank OZK’s substantial loan exposure of $915 million, particularly concerning. The potential default on $135 million allocated for ‘Echo Street West’ in Atlanta underscores broader fears about the sector’s leverage levels. This news …

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