One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles.

via YAHOO: The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to sell some bonds including those from riskier LGFVs and private developers …

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Bankruptcy on the Rise

by Martin Armstrong Chapter 11 bankruptcies in the US rose by 68% during the first six months of 2023, according to Equip Bankruptcy. You may have survived the pandemic, but surviving Bidenomics is proving too much for many businesses. There were …

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Peak Disinflation

by Chris Black Today, we saw June headline CPI tumble to 3% YoY (year-over-year), down from 4% in May (https://t.me/marketfeed/416509) and 4.9% in April (https://t.me/marketfeed/404852). Could June, a… Continue reading by subscribing.

Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing and showing no signs of slowing!

by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in …

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About the GDP Lie

by Chris Black Measuring wealth through traditional liberal economic metrics like GDP per capita is absurd. Jackson, Mississippi has a higher GDP per capita and greater PPP than Berlin, Germany… Continue reading by subscribing.

Disney World is Empty

by Chris Black Turns out people don’t want their kids groomed by pedophiles. Disney World in Orlando is suffering – here it is nearly mid-July, schools are out, families are on vacation, and the streets at Disney are just about …

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Kamala Harris Explains AI

For your enlightenment by your VP who is 1-heartbeat from the Presidency MORON pic.twitter.com/KoCXruhuW5 — The_Real_Fly (@The_Real_Fly) July 12, 2023 h/t Dodger007

Inflation Alert! Purchasing power of dollars continues to VANISH! In June, purchasing power of $100 in January 2000 is now $55.40 (-$.20 from April & $1 since January!)

by Dismal-Jellyfish Remember, CPI tracks the loss of the purchasing power of your dollars, & thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing …

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Federal Reserve Alert! Beige Book July 12, 2023: “many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins.” Is the ‘Greedflation’ Peak in Sight?

by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally …

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US Coastal Area On LOCKDOWN

Something is going on off the United States coastline that has caused the government to issue a Notice to Air Missions (NOTAM) closing the air space over waters along much of the east coast from Boston to south of Washington, …

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Ukraine Rejected From NATO Again

by Chris Black Keep giving Ukraine hope but keeping it in the friend-zone. Very sad. 🚨BREAKING: NATO rejects Ukraine attempt to joinMay be able to join in future but NATO refuses to provide timelineWW3 is held off…for nowhttps://t.co/yow3qZH1dU— DC_Draino (@DC_Draino) …

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The Mainstream Media Is Not Telling You the Truth About Inflation… ‘We’re Still in Terrible Shape,’ Economist Says After Inflation Report Release

  via YAHOO: Joe Biden’s race to embrace electric vehicles risks overwhelming US charging infrastructure and creating disastrous supply shortages, two of the world’s biggest carmakers have said. Toyota and Vauxhall owner Stellantis accused the President of being “overly optimistic” …

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