Charles Hugh Smith: The Psychology of Inflation: What Makes You Say, “No Way Am I Paying That”?

Guest Post by Charles Hugh Smith from his blog, Oftwominds.com: Value varies. Invest in what’s valuable. It’s a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation. As essentials soar in cost–i.e. non-discretionary expenses such as shelter, food at home, utilities, childcare, healthcare insurance, …

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Unknown Russian weapon killed Ukrainian soldiers in Klysifka – Huge “Mushroom” in Kherson: Ashes 3,000 tons of ammunition of Kiev

Unknown Russian weapon killed Ukrainian soldiers in Klysifka – Huge “Mushroom” in Kherson: Ashes 3,000 tons of ammunition of Kiev A large area was flattened in Kherson – First use of a North Korean weapon? https://warnews247-gr.translate.goog/agnosto-rosiko-oplo-exaylonei-oukranous-stratiotes-stin-klisifka-terastio-manitari-stin-chersona-anatinachtikan-apothikes-oukranikon-taxiarchion-me-3-000-tonous-oplismou/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en Russian Air Force and Artillery massively pound Ukrainian positions along the entire frontline with …

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German airline Lufthansa says it would consume half of Germany’s electricity if it were to switch to green fuels!

While Lufthansa has tried to do its bit to adopt sustainable practices, the company’s chief has said that switching the airline to green fuels like e-kerosene could come at a big price—half of Germany’s electricity supply. “We would need around half of Germany’s electricity to create enough of the fuels,” …

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Another fine example of the success of Bidenomics…

53,000 Las Vegas hospitality workers vote to strike, not seen in 39 years. Vegas casino worker unions authorize a strike, threatening first major walkout in 39 years Members of the Culinary and Bartenders unions overwhelmingly voted Tuesday to authorize their negotiating committees to call for a strike by some 53,000 …

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America has become a “Cluster B society”

Writer and New York Times best-selling author Christopher Rufo has recently unveiled a mind-boggling new short film that’s already been watched by over two million people. This film revolves around a rather unusual set of psychopathologies known as the “Cluster B Society,” which has a chokehold over the United States. …

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AirBNB is Causing the Housing Crisis

by elProtagonist As you can see from the graph, there is a direct link between the growth of AirBNB listings and housing prices. The economists have been looking at the housing market the wrong way. The problem is that RESIDENTIAL properties are being used for COMMERCIAL purposes. People are buying …

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Lloyd Austin’s salary cut to $1 in republican bill…

House Republicans on Wednesday approved a measure to slash Defense Secretary Lloyd Austin’s salary from more than $221,000 annually to less than $1, based on their dissatisfaction with his work so far. The move has little chance of becoming law, but underscores the growing animosity between conservatives and military leaders …

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AUSTRALIA BANS BAD GRADES.

“University students who score less than 50 percent in their exams will be entitled to a slew of educational life-savers. University-funded tutoring, counselling, examination do-overs, special exams, and extended deadlines… [A] hefty fine of $18,780 per student will be introduced for those institutions that fail to help their students rise …

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Offshore Wind makes lobsters more expensive…

National Lobster Day is a good time to look at what Bidenomics is going to do to lobsters and the $400 million lobster industry. And it isn’t good. It isn’t good for electric users’ budgets either. Biden’s 30 GWs of offshore wind is catering to the left’s rush to “end …

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The true cost of shoplifting: Retailers lost up to $80BN in 2022 – up by $13BN in a year as soaring crime grips Democrat-run cities

The true cost of shoplifting: Retailers lost up to $80BN in 2022 – up by $13BN in a year as soaring crime grips Democrat-run cities compunded with inflation and costs being spread to consumer perfect storm to kill an economy and close business and coupled with woke policies giving control …

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GAETZ: “We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat Senators with cash alone! You need to bring gold bars to get the job done, just so that the bribes hold value!”

GAETZ: "We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat Senators with cash alone! You need to bring gold bars to get the job done, just so that the bribes hold value!" pic.twitter.com/EJzk50sTAz — Townhall.com (@townhallcom) September 27, 2023 The people running our …

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Is the market losing faith in the Fed again?

The S&P 500 is now down 340 points, or 7.5%, since the Fed removed a recession from their forecast. On July 26th, the Fed raised rates and said they were not longer expecting a recession. The Fed marked the EXACT high in the S&P 500 which just hit its lowest …

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US dollar Index reaching 2023 highs

More pain in financial Equity markets is almost guaranteed with the US dollar Index reaching its 2023 highs of the year. Not only that but oil is bouncing back very hard despite the strong dollar. What’s up almost 3% for the day. We’re going to see an oil shock like …

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Last week, the Fed’s balance sheet plunged by almost $75BN last week, its biggest weekly drop since July 2020.

A total bloodbath in Treasury notes, bonds, and mortgage-back securities again: Here is a reminder that these instruments account for over 80% of the Federal Reserve's balance sheet. If they were to be reevaluated using a mark-to-market methodology, the Fed's assets could be… pic.twitter.com/x0YNQez2iJ — Otavio (Tavi) Costa (@TaviCosta) September …

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MSN reports on Trudeau G20 cocaine allegations

Deepak Vohra, a former Indian ambassador to Sudan, made the accusations Monday on Indian television. “When Justin Trudeau came to India for the G20 this month, his plane was full of cocaine,” Vohra said during a debate show hosted by journalist Deepak Chaurasia on Zee News. “He did not come …

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California enacts first gun and ammunition tax in the country

California Governor Gavin Newsom signed several firearms and ammunition-related bills into law on Tuesday, including one to tax guns and ammunition and another that places more rules on people seeking a concealed carry weapons permit. The federal government already taxes the sale of guns and ammunition at either 10% or …

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10Y YIELD HITS 4.62%! Interest rates on just about everything are going to shift significantly higher. Percentage of credit card and auto loan balances transitioning to serious delinquency have surpassed pre-pandemic levels.

The 10-year note yield is skyrocketing and now at 4.63%, its highest since June 2007. Since last week’s Fed meeting, the 10-year note yield is up 35 basis points. Since the last Fed rate hike in July, the 10-year note yield is up 60 basis points. Interest rates on just …

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