Independent thinking for complex markets and current events
I think people are going into massive credit card debt. — Robin Flynn (@RobinFlynn2014) May 30, 2024 Jamie thinks stagflation is now unavoidable at this point. Solid read pic.twitter.com/1GxmSzSVkv — QE Infinity (@StealthQE4) May 29, 2024 Article: https://t.co/4D8UiezEoi — E.J. Antoni, Ph.D. (@RealEJAntoni) May 30, 2024
Ranchers are warning that our food systems are in great danger right now. Cattle production has plummeted to the lowest point in decades, and new diseases are rapidly spreading across U.S. beef cow herds, which is threatening our entire food supply chain. This is the sign for you to start stocking up on basic staples …
via Mike Shedlock School systems complain about the rising costs of handling illegal immigrants. Here’s a spotlight on two cities, one in Massachusetts, the other Colorado. In Stoughton, Mass., students arrive with traumatic pasts and little English. The same is happening in Denver. The Wall Street Journal comments on The Massive Immigration Wave Hitting America’s Classrooms …
Financial earthquakes shake Asia: China’s record bank withdrawals, Japan’s historic stock exodus. BREAKING 🚨: China China sees largest bank withdrawals in history last month of just under 4 trillion yuan pic.twitter.com/EDJSfL8ZyB — Barchart (@Barchart) May 24, 2024 🚨 🚨 Japan Stocks just saw the largest weekly outflow in history of $5.9 billion pic.twitter.com/uyFnbkHeQx — Win …
It’s going to be a MASSIVE day for tech — curious to see which direction the top semiconductor valuations will go after todays report https://t.co/NpVMBx97vN — Shay Boloor (@StockSavvyShay) May 22, 2024 $NVDA earnings today! The odds are in favor of the BULLS. Since 2016, buying NVDA at the close before earnings and selling at …
President Biden has invoked executive privilege to block the release of audio recordings from his interview with Special Counsel Robert Hur, investigating his handling of classified documents. This move has sparked debates over transparency, accountability, and the use of executive privilege in criminal investigations. Critics argue that the use of executive privilege in this case …
Russian forces are massing for another cross-border assault northwest of Kharkiv as Ukrainian soldiers struggle to fight off an attack that threatens the city, Ukraine’s spy chief has warned. General Kyrylo Budanov, head of Ukraine’s military intelligence, told the New York Times that Ukraine was running out of reserves and that the battlefield situation was …
President Donald J. Trump, 45th President of the United States of America, will deliver remarks at a Rally in Wildwood, New Jersey, on Saturday, May 11, 2024, at 5:00 p.m. EDT. h/t DestinyAKA-Des
Canadian banks are anticipating a jaw-dropping 60% hike in monthly mortgage payments for those with variable rates is nothing short of a financial catastrophe waiting to happen. With housing costs already soaring, this sudden and substantial increase in mortgage payments is a recipe for disaster, putting countless Canadian families at risk of losing their homes. …
BIGGEST RALLY YET: President Trump takes the stage for a crowd of MORE THAN 100,000 people in Wildwood, NJ 🔥 pic.twitter.com/Vhrfhtuxhp — Karoline Leavitt (@karolineleavitt) May 11, 2024 .@realDonaldTrump during a campaign rally on the beach in Wildwood, N.J. pic.twitter.com/PyZB51bBV1 — Doug Mills (@dougmillsnyt) May 11, 2024 Donald Trump’s rally that is being held at …
One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque services for …
BREAKING: Massive fire at facility of Alpitronic, a fast-charging station manufacturer, in Bolzano. Italy forces airspace closure pic.twitter.com/pPQahPvfIe — Insider Paper (@TheInsiderPaper) May 8, 2024 According to local media reports, the fire started at around 9:20 a.m. on Wednesday inside Alpitronics’s warehouse. By midday, the fire brigade announced it “largely controlled the fire” and prevented …
Authored by Tom Ozimek via The Epoch Times (emphasis ours), Tesla CEO Elon Musk has sounded the alarm on the Biden administration’s massive deficit spending, warning that unless steps are taken to slow down the growth of America’s national debt, the U.S. dollar will become worthless. “We need to do something about our national debt or …
BREAKING: IRELAND ERUPTS IN PROTESTS OVER IMMIGRATION Thousands gathered in Dublin to protest government immigration policies, calling for prioritizing Irish citizens’ needs. 🚨🇮🇪BREAKING: IRELAND ERUPTS IN PROTESTS OVER IMMIGRATION Thousands gathered in Dublin to protest government immigration policies, calling for prioritizing Irish citizens' needs.pic.twitter.com/Ak0VV1Qivr — Mario Nawfal (@MarioNawfal) May 6, 2024 Custom House, Dublin🇮🇪 Is …
Berlin is engulfed in “toxic” smoke following a fire at a metallurgical plant belonging to defense-industrial company Diehl. Diehl manufactures various products, including the Iris-T air defense systems. Germany: Berlin covered in ‘toxic’ smoke due to a fire at a factory. This is reportedly a metallurgical plant of the defense-industrial company Diehl, local media write. …
CVS’s staggering 50% drop in first-quarter net income rattles markets, raising concerns over consumer resilience and economic stability. BREAKING: CVS Pharmacy stock, $CVS, crashes 13% after posting a massive earnings miss and lowering guidance. CVS' net income fell to $1.12 billion in Q1 2024, down from $2.14 billion in Q1 last year. That's a near …
https://www.youtube.com/watch?v=aVv4Ev-zWLE 1 in 4 Worry They’ll Lose Their Job In the Next Year. “The anxiety among American workers appears justified. Biden and his Democrat allies at the state and local level have made immigrant employment a top policy priority — a move that has suppressed the wages of American workers — in the name of combating …
via SCHIFFGOLD The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation …
There is growing concern about the Federal Reserve’s decision to raise interest rates. Initially, this decision was seen as a necessary step to fight inflation, but now it is causing anxiety that could destabilize the economy. This decision had a ripple effect throughout the markets, leading to a mass exodus of billionaires and institutional investors …
People from all over the U.S. are getting outraged by the price increases they’re seeing at grocery store chains operated by Amazon. The behemoth retailer is also raising service fees, and shutting down more unprofitable locations this month, even after laying off almost 30,000 employees over the last year, and reporting record profits for the …
via Mike Shedlock: The Biden administration claims Chinese companies help Russia rebuild its war machine. Our sanction proposal counter is laughable. China’s counterthreat isn’t. U.S. Takes Aim at Chinese Banks The Wall Street Journal reports U.S. Takes Aim at Chinese Banks Aiding Russia War Effort The U.S. is drafting sanctions that threaten to cut some Chinese …
Once seen as the future of sustainability and advanced technology, the electric vehicle industry is currently facing a major disruption. The cause of this disruption is Tesla, a leading company in the electric vehicle revolution. Recently, Elon Musk, the innovative CEO of Tesla, announced a series of notable layoffs, which has caused widespread speculation and …
MASSIVE Israeli airstrike in Rafah, earlier today.pic.twitter.com/GUYvJCvpGQ — Citizen Free Press (@CitizenFreePres) April 21, 2024
Brazil’s Copacabana beach transforms into a battleground for free speech, led by former president Jair Bolsonaro. Defying government censorship, Bolsonaro rallies a massive crowd in a fervent defense of democracy. 🚨🚨🚨 Video coverage of Massive pro-free speech protest at Copacabana beach in Rio de Janeiro, Brazil. Former president Jair Bolsonaro reportedly rallied the massive crowd, …
The Federal Reserve just released a new study showing that credit card default rates in America have surged up to the highest level on record. In some cases – even worse than what we saw in 2008. These skyrocketing credit card defaults are an ominous sign of the US Economy and Consumers. Particularly for those …
Florida’s Housing Market has hit an inflection point in 2024. Where inventory and new listings are surging, in part due to a big selloff from Airbnb investors happening in cities like Orlando, Tampa, and Miami. These Airbnb investors bought in Florida’s real estate market during the bubble in 2021 and 2022. But now many are …
via moneymetals: It was deja vu all over again. The Biden administration ran yet another massive budget deficit in March. Tax receipts were up last month compared to February, but so was spending. That led to a $236.46 billion budget shortfall, according to the latest Monthly Treasury Statement. With another huge monthly deficit on the books, …
Alarm bells ring as JP Morgan’s Chairman and CEO, Jamie Dimon, dumps a staggering 178,222 shares of $JPM, totaling $32 million, adding to his already substantial sales this year exceeding $180 million. With Dimon’s actions signaling significant insider activity, concerns mount over the implications for the market, particularly amidst fears of quantitative tightening (QT). As …
