Independent thinking for complex markets and current events
The current economy is putting many businesses on the brink, and Costco is no exception. Execs seem deeply worried about the company’s performance in recent months because sales have been weakening all across the board. Even though buying in bulk can save consumers’ money down the line, for many, shopping in big quantities isn’t making …
by Michael This month, rumors about the petrodollar have spread like wildfire all over the Internet. Some of what is being said is true, and some of what is being said is false. When other sources were reporting on “the death of the petrodollar”, I was asked why I was not writing about it. Well, …
The narrative is changing? BofA: The market is now more concerned about growth than rates pic.twitter.com/VcF11jM6Ko — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 17, 2024 This month, US households' real income expectations hit the lowest levels in over a decade. pic.twitter.com/dqk9as12aY — (((The Daily Shot))) (@SoberLook) June 17, 2024
“Overprotected as they are, a lot of city kids are missing out on so many important encounters with material reality: with death or danger or manual labor. These encounters can be unpleasant, even painful. It’s understandable that we want to save our children from them. But they lose something essential when we do.” Plus: “Here’s …
Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks a 3% …
#China has become an aggressive, vengeful nation under Xi, one that disobeys international law at will, employs "wolf warrior" tactics, & engages in "debt-trap diplomacy." China's reputation has suffered greatly as a result of Xi's scofflaw activities! 2/2 — Samina Siddiqui (@SSiddiqui855) June 15, 2024 In recent years, the Chinese Communist Party has arbitrarily detained …
Population: As of 2023, the population of California is approximately 38.94 million and the population of Texas is approximately 30.50 million. So, California has about 27.7% more people than Texas, not 50%. Jobless Claims: As of the week ending June 8, 2024, Texas had 17,093 new jobless claims. In the same period, California had about 41,200 new jobless claims. So, California has about …
via notayesmanseconomics: The calling of an election in France has already caused some questioning of what some regarded as economic certainties. One is the trope represented by the French finance ministry yesterday. France’s finance minister has warned that the country could face a debt crisis akin to the UK’s gilt market turmoil under former prime …
Doctors are being warned that a lifesaving cancer therapy may cause new tumors to form in rare cases. In a report in the New England Journal of Medicine, researchers urged physicians to ‘be on the lookout’ for unusual symptoms in patients who receive CAR-T therapy. Twenty-five people in the US out of around 30,000 have …
pic.twitter.com/sPe47caohl Congratulation to All you fucking morons who put Ukraine Flags in your profile cuz you're too stupid to figure out you're being lied to again by the War Machine. Russia is now sending hypersonic missiles to Cuba (missiles we can not protect against and… — Jimmy Dore (@jimmy_dore) June 10, 2024
A new analysis has revealed the dangers of buying CVS’ own-brand drugs. FDA data shows America’s largest pharmacy chain recalled 133 over-the-counter medicines over the last decade, or about one a month. That was more than twice as many as its competitor Walgreens, which had 70 recalls over the same period, and three times more …
A double parked car blocking the path of fire trucks and an ambulance cause chaos and gets sideswiped byu/Rave4life79 inPublicFreakout
Trudeau hits the panic button: "We have seen around the world a rise in populist right wing forces in about every democracy" You're next, tyrant. pic.twitter.com/OtOJXYpK6C — End Wokeness (@EndWokeness) June 10, 2024 I normally wouldn’t trust this source but if it’s true it’s really insane what they get away with in Canada. So the …
by confoundedinterest17 Under Bidenomics and Fed monetary “policies”, we now have the wreck of the US middle class. To begin with, America’s paychecks are bigger than 40 years ago, but purchasing power of those larger paychecks is about the sames as it was 40 years ago. Great job Washington DC!!! … NOT!!!! Meanwhile, credit card delinquencies …
A new animated show is coming to Fox about two guys who lose their jobs to robots but get an unconditional basic income of $3,000 a month. And there will be at least two seasons of it. It’s called “Universal Basic Guys.” The premise of the show is that the town of Glantontown is the …
CDC raises concern over bird flu strain first found in Texas cattle https://t.co/8ZqR1SUfKl — Chron (@chron) June 8, 2024 After testing bird flu found earlier this year in a Texas dairy farm worker, the Centers for Disease Control and Prevention said in a report Friday that the H5N1 strain originating in the Lone Star State …
Keith Gill, better known as “Roaring Kitty” on X and YouTube and as “Deep——-Value” on Reddit, hosted his first livestream since the meme stock craze that took place three years ago. Gill said he believes in the video game retailer’s reinvention under CEO Ryan Cohen, reiterating his previous investing thesis and offering little new reasoning …
Rep. Elise Stefanik questions FBI Director Christopher Wray about an audio recording of Joe Biden admitting to finding “classified stuff downstairs” he shouldn’t have. Wray laughs in acknowledgment, confirming he knows about it. Yet, no charges. No felonies. “Are you aware that there’s an audio recording of Joe Biden saying to his ghostwriter in February …
Forget about #TikTok. Look at America's No. 1 news app NewsBreak. It is founded and controlled by Chinese Entities! Where do you get your "news" everyday? Watch my detailed explanation of this matter at https://t.co/OLGTUjyyKhOr read the entire script with all the evidence at… pic.twitter.com/EnGfbpsdl0 — Inconvenient Truths — Jennifer Zeng Reports (@jenniferzeng97) June 6, …
Short highlight from Tucker's interview with Nayeb Bukele in El Salvador. Bukele is 100 percent right about Trump.pic.twitter.com/dfQqzg1SPp — Citizen Free Press (@CitizenFreePres) June 6, 2024 BUKELE: Why don’t leaders seek God? “They forgot to represent people that elect them.” “There’s a SPIRITUAL war & there’s a physical war. If you win the spiritual war,it’ll …
WARNING: Default rate on consumer loans have now hit the highest level in a decade Such aggressive rises have systematically ended in recessions since 1987 At this rate, history is about to repeat again pic.twitter.com/59wW22Rq5e — Bravos Research (@bravosresearch) June 4, 2024 US Job openings year-over-year change has been negative for over 2 years. In …
via Daniel Lacalle The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. There is only one problem. She is wrong. According to the Congressional Budget Office (CBO) baseline, which does …
More than one million United Methodists have quit the church overnight over new rules about homosexuality. During a North Carolina conference in early May, the United Methodist Church – a global denomination of Protestantism based in the US – changed some regulations to allow gay pastors and same-sex marriage. The Ivory Coast division – which …
Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. This downturn in economic sentiment comes at a precarious moment, with all eyes fixed on …
Is the so-called “YouTube Bank” about to go under and become our next Bank Failure? It’s very complicated, allow me to explain. First of all, we’re talking about a bank called Yotta. And it’s not actually, technically a “Bank”, it’s a “Savings App”. Why is it called the “YouTube Bank”? Because a couple years ago, …
Last year, California enacted its first law to protect a species threatened by climate change, placing Joshua trees under state safeguards. However, a planned solar farm in the Mojave Desert may lead to the destruction of thousands of these iconic trees, all in the name of combating the very issue that the previous legislation had …
