More dominoes falling as Housing Bubble 2.0 implodes…

Perth builder City Residence falls into liquidation Property owners have been left scrambling after another construction company has fallen into liquidation – but there’s still hope money will be recovered. Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS …

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One Bubble Is About to Pop…and No One Is Talking About It, Office space and its effects on the economy and cities

The Biden administration, the media, Democrats, and Republicans are all either willfully ignorant or blithely unaware of the looming economic crisis that’s about to hit. Inflation is part of the problem, but we’re going beyond job creation reports and the fallout from Silicon Valley Bank. It’s a crisis that could …

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Bidenomics! Nationwide Spike In Family Homelessness, UP 37.6% YoY (NYC Homeless Rate UP 66.4% YoY, Chicago UP 82.2%!)

by confoundedinterest17 Wasting away again in Bidenville, looking for my lost economy. In June, the White House revealed a new public relations campaign called “Bidenomics” to define President Biden’s economic agenda ahead of the 2024 presidential election cycle.  “I don’t know what the hell that is, but it’s working,” Biden …

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CEO fires 90% of support staff and replaces them with AI chatbot saying it was ‘tough but necessary’ and results are more efficient

Suumit Shah, founder and CEO of Bangalore-based e-commerce company Dukaan, said that the bot, which was built by one of the firm’s data scientists, could respond to initial queries instantly, compared to staff taking an average of one minute and 44 seconds. Shah, who founded the company in 2020, said …

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LA business owner fined for sidewalk sign, and having an American flag, instead of homeless camps right next to store!

A Los Angeles business owner says city code enforcement officials have relentlessly targeted him for setting a sidewalk sign too close to city property while ignoring the growing homeless encampments. Air said code enforcement officials in the past have ticketed him for flying an American flag outside the shop. “The …

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There Goes The Economy! US Producer Prices Approach Deflation With 0.1% Annual Rise (US Dollar Down -8.2% Since Sept ’22 As Fed Tightens The Noose) Silver UP >2% Today!

by confoundedinterest17 There goes the economy! As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June. Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going …

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Biden plans to reduce air conditioning usage to combat global warming; 40% reduction in HFC consumption in next four years.

UPI reported: The Biden administration has announced plans to continue its reduction of hydrofluorocarbons, releasing a new rule that aims to cut the United States’ use of the greenhouse gases by almost half starting next year. Hydrofluorocarbon is a category of greenhouse gases used for refrigeration and air-conditioning as well as …

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Europe to melt with 116.6°F across the continent…

“A deadly heatwave hitting Europe has forced cities to issue red alert warnings due to ‘unbearable’ temperatures that are set to intensify further and could equal the 48.8C record for the continent. British tourists across the Mediterranean are being warned of the life-threatening effects of the sweltering heat after an …

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‘Sound Of Freedom’ Sabotage?

Some people have experienced bizarre issues while attempting to see the newly released drama, ‘Sound Of Freedom’. ‘Sound Of Freedom’ Sabotage? Some people have experienced bizarre issues while attempting to see the newly released drama, ‘Sound Of Freedom'.https://t.co/EskuG5ySpF — THEWATCHTOWERS (@THEWATCHTOWERS) July 13, 2023 I had no idea Anthony (Tony) …

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Ukraine Receives Cluster Munitions. That was “ fast”

KYIV (Reuters) – Ukraine has received cluster munitions, a military spokesperson said on Thursday, less than a week after the United States announced it would transfer such munitions to Ukrainian forces. Valeryi Shershen, a spokesman for the Tavria military command in southern Ukraine, confirmed a CNN report citing the commander …

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China faces trade pressure amid weak demand and global growth.

“The weakening external demand continues to impact China’s trade,” said Lyu Daliang, spokesman of the the General Administration of Customs. “The global economy’s recovery is lacking a driver. Global trade and investment is slowing, while unilateralism, protectionism and geopolitical risks are rising.” https://ca.finance.yahoo.com/news/china-worse-expected-exports-deal-045804232.html China’s Drop in Exports Signals Deepening Slowdown in …

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Detailed video showing how Titan sub imploded and killed five men on board becomes YouTube sensation and is watched by 5M people in just 11 days.

A detailed video showing how the Titan submersible imploded and killed five men on board has gone viral on social media. YouTube account AiTelly detailed the unnerving implosion which occurred last month – showing how and why the sub, destined for the wreckage of the Titanic, collapsed in on itself …

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Disney extends CEO Bob Iger’s contract through 2026, two years longer than planned

Source: https://www.cnbc.com/2023/07/12/disney-extends-ceo-bob-igers-contract-through-2026-two-years-longer-than-planned.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard As a non-shareholder, I just can’t help but cringe at Disney’s current situation. Everyone lauded Bob Iger until it became obvious all the guy knew was overpaying for existing IP. That style of “growth” blew up in his face with the recent Fox acquisition, and not having built up …

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Recession probability reaches highest since 1980s.

Warning: The probability of a recession is at its highest level since the early 1980s pic.twitter.com/1XmuWtjmdW — Bravos Research (@bravosresearch) July 12, 2023 Business inventories are a leading indicator of inflation A continued decline in inventories indicates lower inflation However, sharp drops have coincided with a recession since 1995 pic.twitter.com/IGHSrhJoF8 …

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