Independent thinking for complex markets and current events
by Mike Shedlock The share of spending by the top 10 percent keeps rising. Economy Increasingly Dependent on the Wealthy The Wall Street Journal reports The U.S. Economy Depends More Than Ever on Rich People Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. The top 10% …
HOMAN: “Let me start out by saying this. If I offend anybody today, I don't give a sh*t … I'm sure I'll be reading a lot of hit pieces on me tomorrow. I don't give a sh*t what you think about me … because we got a job to do.” 🔥 pic.twitter.com/D7Kj4wOiGA — Chief Nerd …
💢 At least three US federal agencies, including the Pentagon, FBI and State Department, told employees to ignore Elon Musk's request to document their weekly accomplishments or risk losing their jobs, reports say 📌 The Pentagon recently instructed staff to 'pause' any… pic.twitter.com/wEVCNGi73l — Anadolu English (@anadoluagency) February 23, 2025 Update (1647ET): Following Elon Musk’s …
Trump isn’t mincing words—drug dealers destroy lives by the hundreds, and he’s ready to bring the ultimate punishment. 🚨🇺🇸TRUMP: DEATH PENALTY FOR DRUG DEALERS? I AM READY FOR IT “Every country that has a death penalty has no drug problem, they execute drug dealers. When you think about it, it's very humane because every drug …
Rand Paul’s amendment to slash at least $1.5 trillion went down in flames, 24-76, with these so-called Republicans joining the Democrats to keep the reckless spending spree alive. Voters won’t forget. 2026 is coming. Rand Paul's amendment to cut spending by at least $1.5 trillion was voted down 24-76 Of course every Democrat voted against …
Momento único. Fin.@JMilei @elonmusk pic.twitter.com/dsbp3bWC6F — Manuel Adorni (@madorni) February 20, 2025 https://twitter.com/_/status/1892702003127578694 https://twitter.com/_/status/1892701566408249582 President of Argentina Javier Milei, dubbed the ‘Argentine Trump‘ presented Elon Musk with a DOGE chainsaw on stage at CPAC on Thursday, to wild cheers from the conservative gathering in National Harbor, Maryland. Musk said, “This is the chainsaw for bureaucracy!” …
Rep. Garcia, Sen. Schumer, and other Democrat leaders—the same ones who preach about accountability—are now facing serious legal trouble. .@RepRobertGarcia is now under investigation by the DOJ for threatening Elon Musk with violence. Garcia should be censured and then expelled from Congress. He should also be deported since he originally came to the US illegally. …
🚨🇬🇧 “Donald Trump has left Britain simply no choice but to plan for military conscription” – Former NATO Chief Sir Richard Shirreff How would you feel about being forced to join the army to go camp out in Ukraine? pic.twitter.com/VedELZK8Jk — Concerned Citizen (@BGatesIsaPyscho) February 19, 2025
If Norin sells foreign bonds now, it suggests deep liquidity trouble beyond CLOs. https://twitter.com/Bogachan_1971/status/1892415980887855409 Japan’s second-largest bank, Norinchukin, is deep in a liquidity crisis, and it’s becoming nearly impossible to hide its mounting losses. A Credit Suisse-like Collapse is Looming in Japan And there is no good/easy/inexpensive way to clean up the mess Japan's Second …
– SSA was not cooperating with DOGE – Obscure person who was in charge of the Fraud department started assisting DOGE – SSA leader tries to fire this person – Person is now in charge of SSA https://www.dailywire.com/news/almost-fired-for-working-with-doge-social-security-fraud-expert-now-leads-the-agency Leland Dudek was an obscure bureaucrat at the Social Security Administration who dedicated his career to stopping …
President Donald Trump on Wednesday threw his support behind congressional efforts for a federal takeover of the nation’s capital, saying he approves putting the District of Columbia back under direct federal control. Speaking to reporters aboard Air Force One, Trump complained about crime and homelessness in the district, saying, “I think we should take over …
Germany is bankrupt, and now, European officials are scrambling to cobble together a mind-blowing €700 billion defense package. The goal? To boost defense spending and support Ukraine, which, frankly, looks like a sinking ship. 700 billion euros. That’s the figure that’s being floated for a defense boost that “has never been seen before,” according to …
https://x.com/bonchieredstate/status/1892365330007101667 When she didn’t get the answer she wanted, you could see her whole demeanor shift—face dropping, frustration creeping in.
Pete Hegseth orders defense leadership to draw up plans for huge budget cuts as DOGE enters the Pentagon: report Defense Secretary Pete Hegseth reportedly asked Pentagon officials Tuesday to draw up plans to slash defense spending for each of the next five years — as the department became the latest target of the Elon Musk-led …
This is just the start of a downward spiral. The Bank of England’s decision to cut rates when inflation was already creeping up looks like a massive misstep, and people will be feeling the consequences for a while. https://twitter.com/rev_cap/status/1892149956833657199 Ouch‼️ UK #inflation jumped to 3.0% in January, from 2.5%, led by transport and food. The …
Nikola filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. The filing marks the finale of the company’s yearslong fall from grace. Nikola’s core products are all-electric and fuel cell electric semitrucks. At its peak in 2020, Nikola was valued more than Ford Motor at $30 billion, …
The grift is real pic.twitter.com/DT95M8LjWg — Gimme3Steps (@TheSouthGAJohn) February 18, 2025 🚨BREAKING: President Trump lists MASSIVE fraud in Social Security: 200 to 209 years old, 879 people. 210 to 219 years old, 866 people. 220 to 229 years old, 1,039 people. 240 to 249 years old, 2 people. 1 person that is 360 years old. …
It’s almost comical how left-wing populists love to preach about the rich paying their fair share. But let’s get real here—top 1% income earners in the U.S. are already paying nearly as much in taxes as the entire rest of the country combined. The truth? Socialists don’t build—they take. They’ve never built a business, never …
A popular burger restaurant has been forced to apologise after a customer found a racist message on their receipt – and an employee has been sacked. Fergburger, in the New Zealand tourist hotspot of Queenstown, has welcomed A-listers such as Ed Sheeran but is now making headlines for all the wrong reasons. A customer dined …
This is our House calendar for 2025. Yellow is our in session weeks. Thought it would be good to share for anyone planning trips to visit your Representative. pic.twitter.com/erQpYZUloH — Former Congresswoman Marjorie Taylor Greene🇺🇸 (@FmrRepMTG) February 17, 2025
DOGE has just exposed a massive financial oversight—$4.7 trillion in payments linked to an optional field. The Treasury Access Symbol (TAS) code was often left blank, making it nearly impossible to trace where the money went. With this critical field now mandatory, we can start seeing where taxpayer money is really flowing. The Treasury Access …
In Canada, bankruptcies, consumer proposals, and insolvencies are at a 5-year high. 📢 🇨🇦 Consumer Insolvencies Just Hit A 2009-Level Surge If this is a "strong" economy, what happens in a downturn? Why is this a massive warning sign for 🇨🇦 consumers & real estate. 🧵 pic.twitter.com/9T64MjMXLj — Shazi (@ShaziGoalie) February 17, 2025 https://twitter.com/ShaziGoalie/status/1891536438933561782
With a mind-boggling price tag of $62,000,000,000,000 (£49trillion) for a single gram, this substance is by far the most expensive thing on Earth. However, even if you had the money, there might not be as much as a gram of this material anywhere in the universe. Unlike precious gems or metals, you can’t just dig …
As European leaders prepare for emergency Ukraine talks in Paris, Russia’s Foreign Minister Sergei Lavrov is heading to Saudi Arabia for talks with the US Lavrov will discuss possible peace talks with the US Secretary of State Marco Rubio on Tuesday Meanwhile, UK Prime Minister Keir Starmer says he’s ready to put UK peacekeeping troops …
“I’m very glad that President Macron has called our leaders to Paris,” Sikorski said, adding he expects the European leaders to discuss, “in a very serious fashion,” the new Trump administration. French President Emmanuel Macron has summoned Europe’s leaders to Paris on Monday for an emergency summit, where President Trump will be on the agenda …
The world is awash in uncertainty; it now exceeds the onset of the pandemic in 2020. pic.twitter.com/bwkNWbDefU — Diane Swonk (@DianeSwonk) February 16, 2025 Bears must love SPX seasonality for the next 30-40 days. pic.twitter.com/cJOxQ30YCI — BraVoCycles Newsletter (@BraVoCycles) February 15, 2025 ‼️Short-sellers are CAPITULATING: Short interest on S&P 500 ETF, $SPY, has declined to …
They say after 150,000 miles the battery starts to go For the long term Customers loyalty, Tesla needs to lower Main Battery pack replacement cost, costing 12K to replace Model 3 battery pack leaves bad taste, it should be around 5-6K, Battery replacement cost is reaching total car value ,means, if main battery pack fails, …
by Mike Shedlock The GDPnow Nowcast for the first quarter took a dive on February 14. Weather-related utility production lessened the blow. GDPNow data from the Atlanta Fed, chart by Mish There were three significant reports on February 14: Retail Sales, Industrial Production, and Import-Export Prices. Import-Export Prices did not seem to matter. Contributions to …
Natalie Winters has just destroyed Zuckerbucks! pic.twitter.com/rd1YfHDDrh — Karli Bonne’ 🇺🇸 (@KarluskaP) February 14, 2025 ZELENSKY WILL NOT MEET WITH PUTIN TO NEGOTIATE PEACE. Zelensky says he will only meet with Putin after there is a peace agreement in place with Trump and Europe — in other words, Zelensky wants Putin to have no part …
