A hub for independent voices and hard truths
2/ Tech is currently the most expensive it has been since the Financial Crisis, at 1.4x the S&P 500 The only time it was more expensive was during the Dot Com bubble pic.twitter.com/RQilbntVFZ — Bravos Research (@bravosresearch) July 18, 2023 …
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March …
by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in …
I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people …
Biden provoked the War in Ukraine by insisting on NATO membership. Now that 300,000 Ukrainians are dead or wounded, the country is destroyed, and Russia is winning, Biden says "just kidding" and that Ukraine not ready for NATO membership. What …
View post on imgur.com via BBC: In a small room near the Alps in northern Italy, containers filled with millions of crickets are stacked on top of each other. Jumping and chirping loudly – these crickets are about to become …
So let me get this straight… The WH was evacuated & HazMat teams were dispatched to secure this bag of schedule 1 narcotics You have a visitor log of everyone that entered You have video footage Possible fingerprints & DNA …
ALAMEDA, Calif. – A 69-year-old woman who was dragged by a robber’s car in Alameda said Monday that she would do it all over again. “For me, to fight all the way to the end, I feel good about it,” …
Today is worse, today you need like four min wage hours to cover door dash fees to get the Bic Mac delivered to you pic.twitter.com/P1lcJmWfkX — Travis H ✞ (@hallectj) June 17, 2023
via naturalnews: Local officials in the small city of Steubenville, Ohio are installing a new generation of powerful and pervasive surveillance systems to impose maximum surveillance on some of the neighborhood’s least affluent residents, and all the while these same officials claim …
by confoundedinterest17 Don’t kid yourself. The talking heads at The Federal Reserve (more like Feral Reserve) are only about halfway there in terms of rate hikes. There is still over $8 trillion in monetary stimulus sloshing around the economy. The Taylor Rule implies a target rate of 10.12% while the current target rate is just over half …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for …