Independent thinking for complex markets and current events
Everyone's talking about how the U.S just hit $1 trillion in total credit card debt But what's more concerning: That number has increased by +$250 billion in just 2 years This doesn't end well pic.twitter.com/LK7oUrne2D — Genevieve Roch-Decter, CFA (@GRDecter) May 31, 2023 U.S. Consumer Debt Piles up to $17 Trillion More, more, more. According …
by BoatSurfer600 A CULTURE-WAR RECKONING FOR CORPORATE AMERICA: A headline in New York magazine laments, “Bud Light, Target, and a New Era of Corporate Caution.” A new era of corporate caution? Don’t threaten me with a good time. Imagine a beer company that just wanted to make good beer and sell it to you. Imagine if that company …
My uncle JFK started USAID to help poor countries develop and now we use it to stuff them with totalitarian spyware. This encapsulates what has gone so horribly wrong. — Robert F. Kennedy Jr (@RobertKennedyJr) May 30, 2023 h/t Simian_Stacker
by confoundedinterest17 Another day under Biden/Yellen. Last night, “Republicans” joined Democrats to allow unlimited Federal spending and debt for the next two years. Way to go “Benedict McCarthy”! But today, we saw that ISM Manufacturing printed at 46.9 for May, the 7th consecutive month of contraction. Meanwhile, the Biden family twists the night away while Americans are ravished by inflation caused by bad …
Nudity and private information – like social security and credit card numbers –were redacted from the photos A trove of photos from Hunter Biden’s laptop has been made available to the public through a new website that launched Thursday. The website – BidenLaptopMedia.com – will house almost 10,000 photos spanning from 2008 to 2019 and took months to …
New Supreme Court Ruling Allows the IRS to Access Your Bank Records Secretly “It is now completely legal for the IRS to secretly obtain the bank records of third-party individuals who are not under Federal investigation,” reported @RomanBalmakov. “If the IRS is trying to… pic.twitter.com/8ISHEW9hGi — The Vigilant Fox 🦊 (@VigilantFox) May 31, 2023 Kevin …
by confoundedinterest17 So much for Biden’s “miracle economy.” Challenger jobs cuts report is out for May and job cuts soared 286.7% year-over-year (YoY). As M2 Money growth crashes.
Gal Luft, the “missing” witness in the House Oversight Committee’s Biden family corruption investigation, has told The Post he is alive and living as a fugitive in an undisclosed location. The former Israeli Defense Force colonel vanished from Cyprus last month while on bail awaiting extradition to the US on seven charges. He denies the allegations, which include five charges relating to …
The government is technically in default? "QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account." pic.twitter.com/BMcFE6gGKk — Financelot (@FinanceLancelot) June 1, 2023 TGA fell to $37 billion yesterday. If The TGA has …
Results are in— conservative boycotts are crushing woke corporations: -Target has lost $12 billion in the last week -Bud Light has lost $26 billion in the past 2 months -Kohls stock dropped 6.5% in two days This is what WINNING looks like. When will these companies learn… — Benny Johnson (@bennyjohnson) May 31, 2023 https://twitter.com/JoeyMannarinoUS/status/1663895742455373832 …
A new peer reviewed quantitative study published in Current Psychology finds evidence that far-left extremism is a predictor of violent, psychopathic tendencies & narcissism. Naturally, extreme leftist movements draw in such types who welcome violence.https://t.co/1ndBIYyHhn — Andy Ngo (@MrAndyNgo) May 31, 2023 (2-2) end 45 communism goals. Ideological Subversion works. pic.twitter.com/n1o7S1T3DU — Rayne' (@LibrarianGirl77) May …
by confoundedinterest17 Under Biden, the US economy is a land of confusion. Under Biden’s Reign of Error, Mortgage Purchase Demand is down -44%, Refi Demand is down -87%, and Mortgage Rates are UP 106%. Mortgage applications (demand) decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …
Grassley & Comer To Wray: Provide The Unclassified Documents Or Face Contempt WASHINGTON – House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) and Senator Chuck Grassley (R-Iowa) today issued the following statements after their discussion with FBI Director Christopher Wray about producing to Congress the unclassified, FBI-generated record alleging a criminal scheme involving then-Vice President …
White House refuses to address the fact that today the majority of Americans believe the President himself is corrupt. pic.twitter.com/ly2a6uiIH5 — @amuse (@amuse) May 31, 2023 ‘Wow!’ Stunned John Kirby Stammers Out a Denial and Leaves Podium after White House Reporter Details Joe Biden Bribe Allegations and Whistleblower Charges, Asks About Majority of Americans …
https://www.youtube.com/watch?v=GsJo-iqhgNQ 90% of Americans say that owning a home is a key part of the American dream. But today, more than half of them believe they will never own their dream home, and about 70% of U.S. households can’t afford the average-priced home, especially when considering that mortgage rates have more than doubled since 2020. …
WHITE HOUSE'S KIRBY: U.S. ANNOUNCING ADDITIONAL AID PACKAGE FOR UKRAINE No need to wait for the debt ceiling deal vote — zerohedge (@zerohedge) May 31, 2023 White House: “Horrible things will happen if the US Treasury runs out of cash”. Also WH: “We’re sending 1% of our remaining cash to Ukraine”. To know what people …
‘A court ruled the owners of Purdue Pharma, the Sackler family, will be protected from civil lawsuits linked to the opioid crisis in exchange for a $6 billion settlement. Purdue, which filed for bankruptcy in 2019 amid thousands of lawsuits, made drugs like OxyContin and is blamed for fueling the opioid epidemic.’ https://www.pbs.org/newshour/show/purdue-pharma-family-protected-from-lawsuits-in-exchange-for-addiction-treatment-funding There’s a …
Wall Street Investors have officially abandoned the Housing Market. With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023. This is the biggest annual decline on record. Even bigger than the drop that occurred in 2005 right before the last crash. pic.twitter.com/9GyHqzHCKl — Nick Gerli (@nickgerli1) May 31, 2023 2) Higher interest …
by confoundedinterest17 Sweet Home Chicago? After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest streak of prints in ‘contraction’ since the Great Financial Crisis. Under the hood, none of …
by Chris Black They also refused to sign the UN migrant pact. A reminder, governments don’t have to do as they are told by unelected organizations with a global agenda, in direct conflict with the citizens’ wishes. They may get fined by the UN though and they can leave the UN then and not pay.
by Chris Black You retards should make better decisions. You attack civilians in the capital city of Russia, then you beg them not to escalate? This is not the way war works. "In the last 24 hours, Kyiv endured three waves of Russian missile and drone attacks. These attacks shows that Putin is not serious …
by Chris Black The so-called progressives who are destroying the West are behind the massive wave of immigration from Islamic countries. Which begs the question: how stupid can you be to believe you can bring tens of millions of Muslims into your country without importing Islam as well? Breitbart: German politicians have been left fearing …
by Chris Black It is important to address a significant issue here: individuals who lack the ability to discern truth should not have the privilege to vote. This problem is glaringly apparent. If people are unable to distinguish between a deceptive video created by a prankster and genuine information, it is highly improbable that they …
by Chris Black Pakistan is a disaster waiting to happen, but Turkey deserves its own post for being geopolitically unique. Turkey’s central bank net reserve balance tumbled negative last week. A black market for currency has formed, reminiscent of Venezuela. Could see a scenario à la Venezuela since 2016 in Turkey over the next several …
by Chris Black Goldman Sachs’ online bank, Marcus, is the only large bank offering a competitive interest rate (https://www.bankrate.com/banking/money-market/rates/) on its savings accounts – over 400 times that being offered by JPMorgan Chase, Bank of America, and even Citibank. Marcus (https://www.marcus.com/us/en/savings/high-yield-savings) is the online banking platform offered by Goldman Sachs Bank USA – which is …
Guest Post by Simon Black from Sovereign Man: Paris. Such a romantic city. Sip cafe at a sidewalk bistro, while you take in the wafting smell of burning rubber from the street fires. Take a picture with the Eiffel Tower, as you dodge incoming tear-gas canisters. Enjoy the ambiance as you stroll the alleys between …
Guest Post by Adam Hamilton at Zeal LLC: The gold miners’ stocks are soaring again, just blasting to new upleg highs this week! They are following their metal higher and amplifying its gains like usual. Yet despite their dramatic surges in recent weeks, both gold and gold stocks have lots of room to keep running. …
Guest Post by Ryan McMaken, Editor of the Mises Wire at Mises.org: Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not …
Guest Post by Peter C. Earle at the American Institute for Economic Research: Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been …
Guest Post by Jordan Roy-Byrne at thedailygold.com: Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz. These targets may sound extreme, but breakouts from multi-decade bases are rare but very bullish. Furthermore, a breakout from …