Independent thinking for complex markets and current events
Cameron met Zelensky yesterday in Kiev reaffirmed UK commitment to seeing Russia militarily defeated at all costs. Gave Zelenzky UK approval to use UK provided Missiles to strike deep inside Russia. Also told Zelensky UK will provide US $ 3.74 Billion a year every year until Russia is militarily defeated. Remember Cameron is an unelected …
Heavy rains pummeled the UAE on Tuesday, flooding out portions of major highways and leaving vehicles abandoned on roadways across Dubai, per the AP. Over 4.75" of rain had fallen by evening—the typical average rainfall for one year—with more expected in the coming hours. pic.twitter.com/oxa3j7Fnlk — Julia 🇺🇸 (@Jules31415) April 16, 2024 Dubai Airport right …
WASHINGTON – House Republicans are scheduled to depart for their annual retreat on Wednesday. But this year, a number of lawmakers are opting to skip it, harboring frustration and exhaustion at the infighting that has locked down the party’s ability to govern. “Everybody’s tired. I know I’m tired,” one House Republican, who spoke on the …
America’s electricity bills have emerged as an unexpected driver of inflation despite energy costs in general moving downwards. January’s inflation data shows the electricity index rose 3.8 percent in the last year – above the 3.1 percent overall figure. But a new study by Texas Electricity Ratings reveals how some bills can vary by as much as $2,400 between …
https://www.rt.com/on-air/ "Without Russia, there is no solid peace in the world." President Putin addresses Russia's parliament two weeks ahead of an election he is almost guaranteed to win.https://t.co/8869o6grJw 📺 Sky 501, Virgin 602, Freeview 233 and YouTube pic.twitter.com/92BOj6dkTW — Sky News (@SkyNews) February 29, 2024
Breaking: Klaus Schwab is currently delivery opening remarks at the WEF 24 Annual Meeting in Davos. The theme this year is Rebuilding Trust. pic.twitter.com/V17DJTWKgY — Rukshan Fernando (@therealrukshan) January 16, 2024 https://www.youtube.com/@wef/streams
The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation. The losses added to already large federal deficits that have required bigger auctions of Treasury debt. The …
Claudine Gay resigned as president of Harvard after only six months in the job Gay’s salary as president of Harvard is unspecified but earned $879,079 in 2021 Outgoing Harvard president Claudine Gay will retain a salary of around $900,000-a-year from the university, despite being forced to resign amid a plagiarism scandal. Gay, 53, resigned on …
https://twitter.com/TRobinsonNewEra/status/1741898726665335284 h/t Cannabis Kills People!….
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
WASHINGTON – The Pentagon has again failed its independent annual audit, mainly because defense officials could not provide auditors with enough information to form a full accounting evaluation, according to the Defense Department’s yearly financial report released Wednesday. “Auditing the department’s $3.8 trillion in assets and $4 trillion in liabilities is a massive undertaking,” Pentagon …
Mass illegal immigration resulting from the Biden administration’s open border policies is costing American taxpayers hundreds of billions of dollars to provide an unprecedented number of migrants with medical treatment, housing, education, and other welfare services, not to mention law enforcement. A new congressional report that includes federal and state figures reveals the shocking price of supporting …
by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, we see that interest of US debt just hit $1 TRILLION! $1.027 trillion in interest …
This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 percent of the Federal budget for fiscal year 2022. https://www.breitbart.com/economy/2023/11/07/bloomberg-u-s-debt-interest-bill-soars-past-1-trillion-a-year/ This is based on the current book debt of $33+ trillion. It doesn’t reflect the $211+ trillion in unfunded liabilities. (lower right) https://www.usdebtclock.org/# Make no …
RIP to whoever lent the EU money for 30 years at a -0.5% annual return Your options: Sell now at a ~64% loss, or watch Christine Lagarde charge you .5% per year for the privilege of eroding your purchasing power via inflation. Sovereign debt bag holders rekt. pic.twitter.com/iQt9tE14Dc — Stack Hodler (@stackhodler) September 25, 2023
“US ECONOMY EXPANDS 2.1% IN Q2, LESS THAN ADVANCE ESTIMATE”: This means that the U.S. economy’s Gross Domestic Product (GDP) grew at an annualized rate of 2.1% during the second quarter (Q2) of the year. However, this growth rate was lower than what was initially estimated in the advance estimate. Ok? “US 2Q CORE PCE …
A police officer was sexually assaulted and six others were bitten at the final day of Notting Hill Carnival. The Metropolitan Police Federation (MPF) have said 75 officers in total were assaulted at the festival. There were 275 arrests, with eight being stabbed. https://www.independent.co.uk/news/uk/crime/notting-hill-carnival-police-warfield-road-b2401089.html https://twitter.com/_/status/1696437805956710546 How do you feel when you watch this video of …
https://www.megamillions.com/ https://www.megamillions.com/News/2023/Estimated-Mega-Millions%C2%AE-Jackpot-Now-at-$1-58-Bill.aspx $1.58 Billion annuity prize paid out in 30 yearly installments. That is = $783.3 million lump sum cash prize. There is someone in Florida who is very happy tonight. . . Edited to add this Mega Millions Press Release about the win: https://www.megamillions.com/News/2023/Smashing-Jackpot-Run-Ends-With-Big-Florida-Win.aspx “Smashing Jackpot Run Ends With Big Florida Win RELEASE DATE: …
via Yahoo: Bogged down by inflationary pressures, customers are opting for lower-priced animal protein over alternatives such as plant-based products. The ambiguity around the health benefits of plant-based meat is also weighing on growth, said CEO Ethan Brown in a post-earnings call. “This change in perception is not without encouragement from interest groups who have …
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …
The new director of the U.S. Centers for Disease Control and Prevention said Thursday that her agency would likely come out with guidance in the fall that Americans should get an annual COVID-19 booster shot. “We’re just on the precipice of that, so I don’t want to get ahead of where our scientists are here …
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 green at all costs, is …
Housing Bubble 2.0 is bursting, & the wipeout of fake “value” created by fake money is going to be epic. via dailymail.co.uk: House prices in Britain fell at the fastest annual rate in 12 years in June, latest figures show. Halifax said the annual fall of 2.6%, equating to around £7,500 being wiped off the …
Buying NVIDIA shares today costs you 40 times historical annual revenues. That's 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio. Good luck! pic.twitter.com/tYUZc3Ito8 — Michal Stupavsky, CFA (@MichalStupavsky) June 20, 2023 Due to the fact that sell-side analysts' forward estimates are usually on the margin too …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf Remember, From 1st quarter 2022 to 1st quarter 2023, total household debt has increased $1,205 billion to $17.05 trillion (+7.57%)–Mortgage balances ($864 billion), HELOC ($22 billion), Student loans ($14 billion), Auto loans ($93 billion), Credit Card debt ($145 billion), Other ($67 billion): Total household debt has risen by $148 billion, or 0.9 percent, …