Independent thinking for complex markets and current events
A 57-year-old second-grade teacher who was arrested for allegedly teaching while being drunk will not face charges, because of a lack of evidence. Wendy Munson, 57, was detained on October 2, 2023 after Sutter County sheriff’s deputies were alerted to a staff member appearing intoxicated at Nuestro Elementary School in Live Oak, north of Sacramento, …
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 …
China once enjoyed an optimistic and confident middle class. It supported the economy’s growth path with sometimes exuberant spending and aggressive investing. Sadly, those millions are now losing ground, with many slipping back toward poverty. This is no small problem for the Chinese Communist Party (CCP). It has long had an implicit contract with the …
For decades, home ownership was considered the foundation of middle class prosperity. Now that foundation’s crumbling… From Peter Reagan for Birch Gold Group According to one index, U.S. consumers are suffering through historically bad home buying conditions. This fact was recently summarized in a somber post by Kobeissi Letter on X: Homebuyer conditions for US consumers …
h/t Dodger007
You’ll own nothing and be happy If current financial trends continue, middle-class Americans may find things they used to afford unattainable. Over the next five years, housing, healthcare, and transportation could exceed the budget of average earners. Though this trend is troubling, there are things that can help, like solid financial planning and changes to …
People pay a premium for high end CPUs because they’re promised a certain level of performance. If users need to gimp the performance just to keep the the CPU stable then that’s grounds for a lawsuit… TL;DR: Intel CPUs are crashing due to silicon degradation caused by pushing them too hard to compete with AMD. …
by confoundedinterest17 Fed Chairs Ben Bernanke and Janet Yellen started the home price fire that Powell is trying to extinguish but can’t. Throw in a 10% burst in illegal immigration and Biden/Mayorkas just added fuel to an already out-of-control fire. Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new …
Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new study by Creditnews Research, in 2024, middle-class households could afford to buy an average home in just 52 of the country’s 100 largest metros. Just five years earlier, they could afford a home in 91 of the top 100 metros. …
The precipitous decline in the value of a prominent Class A office tower, 750 Lexington in NYC, sends shockwaves through the commercial real estate sector, with Morningstar reporting an alarming 83% decrease in valuation since 2015. The transfer of a $130M loan tied to the building into special servicing due to default further exacerbates concerns …
Don Lemon asked Elon Musk about his personal medical prescription in a public interview. Elon was kind enough to answer him. Shame on you Don❗ 📹 youtube/thedonlemonshow pic.twitter.com/Lr3FU4VrBt — DogeDesigner (@cb_doge) March 18, 2024 Elon Musk tries to explain how lowering the standards for doctors could result in more deaths. Don Lemon is unable to …
Uncover the bitter truth surrounding the fate of the middle class in the United States through these 30 eye-opening statistics. From income stagnation to rising economic challenges, prepare to witness the many factors that have been plaguing and swallowing the backbone of America’s workforce today. https://www.youtube.com/watch?v=6j1lqon93Gw
America has two simultaneous problems – record homelessness, and record high rents. Plus groceries are still as expensive as ever and it seems like things just get harder and harder for average Americans…. why is that?
A newly-proposed class action lawsuit alleges that Apple has “marked up its iCloud prices to the point where the service is generating almost pure profit.” As reported first by Bloomberg Law, the plaintiffs accuse Apple of “rigging the competitive playing field” by only allowing iCloud to manage device backups and other storage needs. “Apple device holders …
(March 3, 2024 / JNS) More than 8,000 plaintiffs, including 1,500 dual American-Israeli citizens and 6,500 Israelis, have filed a lawsuit in the United States District Court for the District of Columbia demanding permanent defunding of the United Nations Relief and Work Agency for Palestine Refugees in the Near East (UNRWA). The plaintiffs are represented by …
by confoundedinterest17 According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top 1% (the elite class) horde more and more wealth. An example of the Sisyphus economy? …
The American middle class, once a symbol of the American dream, is facing unprecedented challenges today. In this eye-opening video, we delve into the harsh reality of how the middle class is being wiped out, struggling to make ends meet amidst soaring costs and stagnant wages. From skyrocketing housing prices to mounting debt and diminishing …
Banking rollercoaster: From denial to acknowledgment, uncertainty surrounds likelihood of commercial bank failures. Real estate magnate Barry Sternlicht has sounded the alarm on the challenges facing the commercial real estate (CRE) sector, particularly the office market, labeling it an “existential crisis.” Sternlicht estimates that the $3 trillion asset class is now likely worth around $1.8 …
A new study shows that middle income new yorkers are leaving the city while millionaires are moving to NYC. Why is this happening?
Chemistry is absolutes, not racist; it’s a science where things are absolutes… How alter a science based on absolutes? Chemistry, being a hard science, does not care about skin color. You can either do the Chemistry thing, or end up with burns from 10 mole HCL. via dailycaller: Rice University, a prestigious academic institution, is …
Authored by Charles Hugh-Smith via oftwominds, The mainstream holds the Fed is busy planning a return to the glory days of zero interest rates, but ZIRP is on the downside of the S-Curve; it’s done, gone, history. Let’s summarize what the Federal Reserve accomplished since embarking on its massive interventions to control volatility, risk, bond …
by confoundedinterest17 Bidenomics is the pride of the donor class. After all, much of the Federal spending splurge in green energy has gone to big donors, including the Chinese. The top 1% of US earners now have more wealth than the middle class. Biden’s song. All he wanted to do was destroy the US middle class. And …
Economic inequality worsens in the U.S. as the top 1% amass more wealth. Housing affordability declines. The 1% are crushing it 👇 pic.twitter.com/0Wfsj4EbR6 — Win Smart, CFA (@WinfieldSmart) December 14, 2023 Housing is less affordable for both renters and buyers alike, per Bloomberg: pic.twitter.com/vT3bMKiKxV — unusual_whales (@unusual_whales) December 14, 2023
Full Story: https://t.co/cKkQZUus2A — Chief Nerd (@TheChiefNerd) November 25, 2023 This is what I heard: School loans Car loans (Plus full cov. ins. & gas) House mortgage loan (Plus utilities and ins.) THESE THREE ARE KILLER ALL AT ONCE! h/t Tonight We Ride!
by Michael If you are wondering why so many Americans are stressed about their finances these days, just look at the numbers. The Social Security Administration just released national wage statistics for 2022, and the figures that they have given us do not paint a pretty picture at all. In particular, we should all be …
An intriguing shift is observed among almost a third of millionaires in the U.S., who now identify themselves as part of the middle class, according to MoneyWise. A Bloomberg study further reveals that 25% of America’s “regular rich,” earning at least $175,000 annually, perceive themselves as “very poor,” “poor,” or “getting by but things are …
Trend emerging… Excess savings gone. Lag effects feeding through. Student loans back on. pic.twitter.com/1hjq2GnH7Q — Geiger Capital (@Geiger_Capital) November 21, 2023 Best Buy cuts sales forecast, as holiday shoppers hunt for deals. “CEO Corie Barry said consumer demand ‘has been even more uneven and difficult to predict.’”
by confoundedinterest17 Republicans elected Mike Johnson from Louisiana as House Speaker, then were surprised when Johnson agreed with big spending Senators McConnell and Schumer on Biden’s mega spendathon. Also, several Republicans voted with Democrats NOT to impeach Cuba Pete (Mayorkas) for allowing 8 million illegals to cross the southern border. Bottom line: the Biden Administration and Congress …
LaToya Cantrell faces charges for violating state ethics laws The New Orleans Democrat Mayor spent $29,000 of the city’s money on first class flight upgrades She previously came under fire for treating her guards like ‘servants’ and living rent-free in a government apartment just 3 miles away from her 500k home The 51-year-old politician claimed …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …