america’s

Macy’s reports uptick in credit card delinquencies – as America’s household debts swell to $1 TRILLION thanks to rampant inflation and higher interest rates

Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the rise in delinquencies. Bosses said they had expected to see a rise in delinquencies post-pandemic …

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Zelenskyy’s mother-in-law buys $4,850,000 luxury villa in El Gouna, adjacent to Jolie’s estate…. VIVEK: Ukraine is not in America’s interests

Zelenskyy’s mother-in-law has just purchased a Luxury Villa in El Gouna, Egypt… The Villa was purchased for $4,850,000USD and is next door to the estate of Angelina Jolie… Now you know where the humanitarian aid funds are going. pic.twitter.com/2iH8XkxwYJ — Pelham (@Resist_05) August 25, 2023 VIVEK: UKRAINE IS NOT IN AMERICA’S INTERESTS pic.twitter.com/AER7tVbqeH — The_Real_Fly …

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SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures and agreed to pay combined penalties of $289 million. Wedbush Securities, Houlihan Lokey, SMBC Nikko, SG Americas, Moelis, Wells Fargo, Mizuho, BMO, BNP Paribas

by Dismal-Jellyfish SEC Order – Wedbush Securities Inc SEC Order – Houlihan Lokey Capital Inc. SEC Order – SMBC Nikko Securities America Inc. SEC Order – SG Americas Securities LLC Moelis & Company LLC Wells Fargo Securities LLC, Wells Fargo Clearing Services LLC, and Wells Fargo … Mizuho Securities USA LLC BMO Capital Markets Corp. …

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Some clear thinking about America’s “downgrade”

by Simon Black Last week, the credit rating agency Fitch downgraded the US national debt. Predictably, senior officials like Treasury Secretary Janet Yellen claimed Fitch’s “flawed assessment was based on outdated data” and that the downgrade was “entirely unwarranted.” What a joke. Just consider the US government’s surging interest payments on the national debt— This …

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America’s Fiscal Time Bomb and the Fitch Downgrade of US Debt in Pictures

via Mike Shedlock: “Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem,” said Fitch in its downgrade of US debt. Government expenditures and receipts through 2023 Q1 from the BEA, chart by Mish Government Expenditures and Receipts Notes The Bureau of Economic Analysis (BEA) numbers are incomplete …

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David Stockman: America’s Prolonged Economic Stagflation

via brownstone.org: Here is a large caliber smoking gun. The BEA series for real personal income less transfer payments is a pretty serviceable proxy for private market output before the impact of Washington stimmies and distortions caused by transfer payments and government borrowing. After all, earned income – wages, salaries, bonuses, profits, interest and dividends …

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Bidenomics Or How Washington Ruined America’s Future: Interest on Federal Debt Rose 76% Under Biden (US Interest On Federal Debt > 6x EU Defense Spending As Unfunded US Liabilities Exceed $192 TRILLION!)

by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To show up how messed up this is, the EU’s defense budget (remember Ukraine?) is far …

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Explaining The Mass Exodus Out Of America’s Large Left-Wing Cities

by Michael Over the past several years, thousands of businesses and millions of people have left America’s large left-wing cities.  Of course when moderates and conservatives leave, that just causes those cities to shift even further to the left, and the politicians just implement even more self-destructive policies.  So now many of our biggest metropolitan …

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Is THIS America’s most expensive Big Mac? Diner discovers meal deal costs almost $18 at Connecticut gas station – as McDonald’s is accused of ‘greedflation’

A McDonald’s outlet has come under fire for charging nearly $18 for a Big Mac meal – after the firm was accused of ‘greedflation.’ The Connecticut restaurant, located by a popular interstate, drew attention for its inflated menu prices – with other burger meals also listed for the same cost. Diner Sam Learner wrote on …

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America’s Massive Deficit Saves the Rich, Slays the Poor

by DAVID HAGGITH No, this is not another tax-the-rich-more-to-save-the-poor article. It is a tax-them-the-SAME article by ending all their privileged welfare! The Biden-Trump deficit is off the charts. Yes, blame for the nation’s record deficit, gaping wider by the day, belongs equally to both. Both parties are saturated with and ruled by what I call …

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U.S. Corn And Soy Crops Are At Risk As Drought Conditions Rapidly Spread In America’s Breadbasket

by Michael Every time I write about this, conditions are even worse.  If you look at the latest map from the U.S. Drought Monitor, you will see that almost all of America’s heartland is now in some state of drought.  Much of Kansas is dealing with either “severe” or “exceptional” drought, and in previous articles I …

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