A hub for independent voices and hard truths
Rep. Raskin’s outburst against Elon Musk only highlights the extent to which the political elite will go to protect their corrupt interests. With a national debt spiraling out of control, Raskin’s defense of wasteful government programs is proof that he …
by notayesmanseconomics Let me start today’s update with some better news which is that the UK has exported some 0.5GW of electricity over the past 24 hours according to iamkate. But the reality over a longer perspective has been rather …
Musk And Ramaswamy’s DOGE Is Hiring 'A Small Number' Of Full-Time Salaried Employees https://t.co/rUTlgcNuUE #OAN — One America News (@OANN) January 9, 2025 The Department of Government Efficiency (DOGE), led by Trump allies Elon Musk and Vivek Ramaswamy, recently announced …
An recently resurfaced video from Feb. of 2018 from an appearance by actress Claire Danes on Stephen Colbert’s show has gone viral for what it reveals about the connection between Hollywood and the intelligence community. In the clip Danes talks …
Job cuts remain elevated to end the year at 71,894 – up year/year and highlighting firms desire to continue shedding jobs into 2025. Expect job cuts to surge in January as firms rightsize & continue outsourcing – especially in white …
FED reassures the market that inflation is over by cutting rates.Bond market reassures FED that inflation ain't over. Shaping up to rival 73' -75' repeat. God help us all. pic.twitter.com/ZiKJ4qazxB — The Great Martis (@great_martis) December 27, 2024 Yields will …
President Milei is a Rockstar. pic.twitter.com/bnPABtuANQ — I Love America News (@ILA_NewsX) December 27, 2024
$7.6 trillion of 🇺🇸 U.S. treasury debt must be rolled over in 2025. People are calling this the "U.S. debt wall."pic.twitter.com/IpJPt5usXj https://t.co/NW8w8gndX9 — Financelot (@FinanceLancelot) December 27, 2024 h/t TonyLiberty
Conservatives who want to slash the federal budget are hoping they can enlist President-elect Donald Trump and Elon Musk to their side come January. But last week’s meltdown over government funding underscored that Trump doesn’t always share their fiscal restraint. …
"Ottawa Sharpens the Axe" Thousands of federal public servants brace for potential layoffs as Ottawa targets $15.8B in budget cuts. 🪓 pic.twitter.com/IsYAPpTBoa — Shazi (@ShaziGoalie) December 24, 2024 1/ RE/MAX predicts a 5% national price increase in 2025, with GTA …
As expected, RRPs are down again, now below $100 billion as Fed's rate cut has reduced incentive to park liquidity at this facility; we'll be seeing repurchase agreements ramping up in the New Year and then the '19 repo crisis …
1. The thought is the Fed could make homes more affordable by cutting interest rates So far, mortgage rates are doing opposite, and rising instead Why? Because mortgage rates move with the yield on the 10-year Treasury, which has surged …
What have we learned from the market this Fall? There are 2 paths forward for Real Estate and both are painful: 1. Higher rates, stagnant market, layoffs, prices grind flat or down 2. Lower rates that come when the economy …
by Mike Shedlock Based on Fed economic projections, it should not have cut interest rates today. Lead image is from today’s Summary of Economic Projections (SEP) from today’s FOMC meeting. Key SEP Projections PCE inflation for 2024: 2.4 percent up from 2.3 …
It’s just a matter of where and how much Musk will cut our Social Security and Medicare benefits now. BREAKING: @RepGregLopez says outside the first meeting of the DOGE Caucus that "there will be some cuts" to Social Security and …
Enjoy your rate cut this week. There might not be another one for a long time. pic.twitter.com/Z04lWsu2Tn — QE Infinity (@StealthQE4) December 16, 2024 This is what “sticky” inflation looks like. pic.twitter.com/zcKIeq34a2 — QE Infinity (@StealthQE4) December 16, 2024 Yields …
TLDR: IRS recouped $4.7B from unpaid taxes and criminal proceeds after Inflation Reduction Act boost. $1.3B from overdue taxes by wealthy individuals. $2.9B from criminal cases targeting drug traffickers, cybercriminals, and terrorist financiers. $475M from whistleblower tips on hidden income …
Today's hotter-than-expected #inflation data, following similar news yesterday, is putting more downward pressure on #gold. But gold will soar when investors realize the Fed will keep cutting rates despite inflation, and return to QE, sending both inflation and gold much …
JetBlue has cut scores of routes across the US, including several flights from New York’s John F. Kennedy airport to other major American cities. The budget airline is axing flights from JFK to Austin, Houston, Miami and Milwaukee. It is …
US JOB CUT ANNOUNCEMENTS ARE SKYROCKETING⚠️ US-based firms announced 57,727 job cuts in November, the third-highest number since the 2008 FINANCIAL CRISIS. Year-to-date there have been 722,566 job cuts, the largest amount since 2009 (Financial Crisis), excluding 2020 Crisis. ⚠️US …
by notayesmanseconomics This has been a rather extraordinary year for interest-rate expectations. We came into the year with expectations having been fed by the US central bank. The quotes below come from the 14th of December last year. So we …
At the current pace, US debt could hit $40 trillion within the next 2 years. Calls for major spending cuts are growing, but not being acted on yet. We are on an unsustainable fiscal path. Follow us @KobeissiLetter for real …
Euro plunges below $1.04, lowest level in 2yrs as bets on ECB rate cuts byu/betsharks0 inwallstreetbets #Eurozone #manufacturing 📉 #services 📉https://t.co/rn0txeYG04 pic.twitter.com/rK9WqoU3sM — Invariant Perspective (@InvariantPersp1) November 22, 2024
Liar. That is an out-of-context example he gave of how a 75% reduction could be done. He went on to speak on merit based selection. But the cuts are coming. They have to, we are $35Trillion in debt and the …
81% of voters want to shrink the federal government 🤯 Considering 15% of voters *work* for government, that means roughly everybody else wants it to shrink. https://t.co/fsfieL5m9J pic.twitter.com/eQjeSxJips — Peter St Onge, Ph.D. (@profstonge) November 15, 2024 The U.S. National …
Bond yields surge despite Fed cuts, exposing weakening control over markets. The 10 year note yield is just causally up another +13 basis points today. That's +85 basis points since the Fed started CUTTING interest rates. And, no one seems …
Lost in the payroll mess, the ISM (manu) dropped to fifteen-month low not far off it. Worst part of it is how employment has dropped off during the summer, more evidence aligning with payrolls, hiring, layoffs, nominal incomes, etc. Firms …
People seem to be very motivated to sell. Personally I say let it rot. Interest rates need to drop back down to 2.5%. Probably should still let it rot a bit more after that. The plunge in active residential construction …
Key Points Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any preset course,” he told the …
