A hub for independent voices and hard truths
In other breaking news today, GS forecasted stock market to go up, go down, or stay flat. pic.twitter.com/TXMDLXD5Yd — Michael A. Arouet (@MichaelAArouet) November 29, 2023 pic.twitter.com/jPonUjRa2e — Alessio (@AlessioTMAD) November 29, 2023
In a pivotal moment for the market, the S&P 7, responsible for 95% of the S&P 500’s gains this year, is facing scrutiny due to its overvaluation. With a price-to-earnings ratio reminiscent of historic bubbles, including the tech boom of 2000, concerns grow as some S&P 7 components exhibit P/E …
by confoundedinterest17 The US economy is drowing in debt, going down, down, down. US Federal debt just hit $33.71 TRILLION. And unfunded liabilities (promises from Uncle Spam) are now $211 TRILLION. That is 526% of the the current debt load. Which means either lots of additional debt, higher tax rates or …
by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of …
by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% in August 2023, with all four regions of the U.S. …
by confoundedinterest17 Going down! The US housing market, that is! Federal Reserve Jerome Powell said at the luncheon in New York City that “Inflation is still too high”, meaning that rate cuts are on hold and maybe a rate hike or two may come. According to the National Association of Realtors, • Active …
https://www.cnbc.com/amp/2023/10/09/brent-wti-prices-jump-after-hamas-attack-on-israel.html
The Canadian Army’s website was hacked and taken down momentarily by a group of hackers. Reports suggest that the hack was carried out by a group of Indian hactivists called the Indian Cyber Force, in reaction to the tensions between India and Canada Canadian Army’s website hacked, taken down; Indian …
This chart shows the Ten Year Yield where 40 = 4.0%. Currently at 4.65%. View post on imgur.com Bloomberg today: "Rates aren't rising because of inflation, they're rising because of the bond market" Looks like they finally woke up to the truth 👇 — Financelot (@FinanceLancelot) September 28, 2023 Rates …
House Speaker Kevin McCarthy has sent the House home for the week without a resolution on the looming government shutdown, after members of the Freedom Caucus refused to play ball, scuttling plans to pass a Continuing Resolution (a 30-day band-aid to avoid government shutdown), and putting 11 appropriations bills in …
via justthenews: California’s COVID-19 medical misinformation law, which threatens the licenses of doctors who deviate from a fluctuating “scientific consensus” in conversations with patients, got a frosty reception in front of trial and appeals courts this year. Signed into law by Democrat Gov. Gavin Newsom nearly a year ago, AB …
Every single jobs report in 2023 has been revised down, per Peter Tarr, @ProfitsTaken: pic.twitter.com/Bdei0AWtfK — unusual_whales (@unusual_whales) September 6, 2023 DOES ANYONE CARE ABOUT THE REVISIONS? 😳 pic.twitter.com/3fgGRwQcUu — Win Smart, CFA (@WinfieldSmart) September 6, 2023 Biden "job miracle" built on an illusion as BLS admits between 4 million …
https://www.reuters.com/world/us/one-death-reported-burning-man-thousands-stranded-mud-rain-2023-09-03/ They’re being told to Shelter In Place And Not to Leave They Are Under Lockdown Proof: All Roads Closed AC
by confoundedinterest17 Bidenomics just got jolted! US job openings in July collapsed by -22.4% to 8.82 million job openings. As M2 Money growth remains negative. You can see the same collapse in growth of job openings in this chart. Apparently, Powell and The Gang at The Federal Reserve have to keep …
by Frequent_Quail_2202 Bank of California announced that it was going to buy PacWest for an all share deal. Warburg Pincus & partners graciously offered to inject $400M at $12.30 into $BANC. Since the announcement, after the initial surge, the stock has ground lower and is currently just above this $12.30 …
Antifa to hold recruitment and radicalization event in Portland park this weekend Organizers invited people to “redecorate” and bring a “fash banner or flag [they’ve] liberated but haven’t burned yet.” Members of Antifa are gearing up to host a “radicalization & recruiting event” in Portland, Oregon this weekend. The “Fash …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity as stable for the second month in a row. Remember, …
by Dismal-Jellyfish Source: https://www.marketwatch.com/story/silvergate-capital-ceo-alan-lane-to-exit-as-crypto-bank-winds-down-c5f5c698 Silvergate Capital Chief Executive Alan Lane and other executives are leaving the company amid the wind down and liquidation of Silvergate Bank. Lane and Chief Legal Officer John Bonino will both leave, effective Tuesday. Chief Financial Officer Antonio Martino will exit, effective Sept. 30. The company said in …
via YAHOO: WASHINGTON (AP) — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point. While price increases have cooled over the past year — the inflation …
https://twitter.com/_/status/1689368427729747968
by confoundedinterest17 As Bidenomics (why Biden would brag about massive inflation in energy, food and shelter is beyond me), lurches forward, we have another shred of lousy economic news: US mortgage purchase demand fell -19% from the previous week and is how down -53% under Bidenomics). Mortgage applications increased 0.9 …
by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. Mortgage applications increased 3.0 percent from one week earlier (using …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: May 2022 purchasing power: 57.8 (down -3.80% in purchasing power in the last year!) May 2021 purchasing power: …
“A class-action lawsuit is underway after a travel company left passengers stranded across the country in a travel horror story. A once-respected tour company abruptly ceased all operations, leaving passengers out of luck. Some got to the airport to find their trip canceled as Vantage Deluxe World Travel shut down. …
The government is technically in default? "QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account." pic.twitter.com/BMcFE6gGKk — Financelot (@FinanceLancelot) June 1, 2023 TGA fell to $37 billion …
by confoundedinterest17 Under Biden, the US economy is a land of confusion. Under Biden’s Reign of Error, Mortgage Purchase Demand is down -44%, Refi Demand is down -87%, and Mortgage Rates are UP 106%. Mortgage applications (demand) decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …
