What happened? Powell went from cautiously hawkish to openly dovish over the course of a month. We have seen in past that even when interest rates are high it took around 5 years for inflation to go down.

https://twitter.com/TRUMP4USD/status/1735657299811909701 Save this article headline … This is going to be one of those we look back on and laugh at. pic.twitter.com/qJs5C4TwJD — Wall Street Mav (@WallStreetMav) December 15, 2023 *WILLIAMS: WE AREN’T REALLY TALKING ABOUT RATE CUTS RIGHT NOW Two days ago: POWELL: RATE CUTS ARE A TOPIC OF DISCUSSION RIGHT NOW — zerohedge …

READ MORE

WHAT COULD GO WRONG? California’s latest insane gender policy takes effect next month.

Wouldn’t first the state have to prove that gender exists, and then define it? via washingtonexaminer: Parts of California are so downtrodden that people need to consult “ poop maps ” to avoid human feces while walking outside, homelessness is rampant in major cities, and the cost of living is out of control. But California’s state government thinks now …

READ MORE

Ukraine has less than 1 month left

BREAKING: Ukraine aid to run out by year’s end, White House warns READ: https://t.co/aRsXgS1IZa pic.twitter.com/CLlirFIO0l — Insider Paper (@TheInsiderPaper) December 4, 2023 The White House budget chief warned the US Congress on Monday that failure to agree fresh funds for Ukraine by the end of the year would “kneecap” Kyiv on the battlefield. In a …

READ MORE

AI-Generated Woman Makes $11K a Month Selling Pictures

by Chris Black This is the future folks. Retarded virgins looking to buy a robot sex-fren. New York Post: Aitana Lopez is a vivacious, 25-year-old pink-haired model who has garnered a massive online following thanks to her stunning looks. But there’s a catch: She isn’t real, although her income sure is. The buxom babe is actually …

READ MORE

Home prices rise, home sales hit 13 year low; Homebuilder confidence falls for 4th straight month.

via CNBC: Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down …

READ MORE

Survey of Consumer Expectations: U.S. households probability of being able to come up with $2,000 if an unexpected need arose within the next month falling to its lowest level since 2013.

Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …

READ MORE

Addicted To Gov? US Added $600 Billion In Debt In One Month And $10.47 TRILLION Since Covid Outbreak, Credit Card APR Now 28.93% As Credit Card Debt Exceeds $1 TRILLION, Family Healthcare Costs Surge 7% To $24,000, Q3 Real GDP Rises 4.9%

by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …

READ MORE

An urgent issue looms over the car market. Shocking reports reveal potential car buyers being slapped with quotes exceeding $1,000 per month in certain markets!

The car market is facing an urgent crisis due to record-high auto insurance rates, with reports of potential buyers being quoted over $1,000 per month in certain markets, severely impacting volume and profitability. Brewing issue in the car market: Record-high auto insurance rates. It’s hurting volume and profitability in a big way, even more so …

READ MORE

Inflation drives Canadian mom to buy all her food across the border in Montana – where she saves $300 per month due to surging grocery prices

Canadian mom has gone viral sharing her savings from grocery shopping in US Brandi Dustin crosses from BC into Montana for her weekly grocery trip Canadian government is under pressure to combat soaring food prices  A Canadian mom is going viral after sharing her big weekly savings by crossing into the US for her grocery …

READ MORE

Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month

Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month 👀😱 pic.twitter.com/kIch4yy52b — Barchart (@Barchart) October 12, 2023 Fed governor Chris Waller compares the run-up in Treasury yields to the bank stress events from March. The Fed dialed back planned hikes after the SVB-initiated bank stress. "Now, once again, financial …

READ MORE

China property crisis: Country Garden faces reckoning, faces fresh debt payments, could announce restructuring soon. The developer, which missed two dollar interest payments last month, has two coupons totaling $66.8 million coming due on Oct 09…

by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …

READ MORE

Canada had Pride month June, then extended till September as “ Pride Season”. October is now 2SLGBTQQIA+ Month

Pride Month/Canada/Date (2023) Thu, 1 Jun 2023 – Fri, 30 Jun 2023 Turned into …. ‘June to September is Pride Season in Canada, a time to celebrate 2SLGBTQI+ people (that is, people who are Two-Spirit, lesbian, gay, bisexual, transgender, queer, or intersex, or who use other terms related to sexual or gender diversity) and honour …

READ MORE

California’s coffin homes: Tiny 4ft pods in San Francisco are rented for between $500-$900 per month

California housing crisis: Tiny 4ft pods in San Francisco are rented for $900 per month – but resident claims you get ‘cool, hacker’ neighbors and the communal lounges ‘are actually nice’ The California housing crisis sparked a creative alternative living concept which gives you a 4ft pod and a communal living area for $900 a …

READ MORE

September 2023 marks the least affordable month for U.S. housing this century, surpassing the record set just a month prior in August 2023.

This century meaning since 2000. The early 80s were, according to most housing affordability metrics, worse than this. — Lance Lambert (@NewsLambert) September 27, 2023 Homes ‘unaffordable’ in 99% of nation for average American… The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common …

READ MORE

Mark Milley resigns end of month

The Pentagon’s chairman of the Joint Chiefs of Staff, General Mark Milley, is set to retire at September’s end. Whatever credit he deserves for serving the inharmonious presidencies of Donald J. Trump and Joe Biden and backing material support for Ukraine against an international war-crime syndicate in Russia cannot overshadow how Milley effected the orders …

READ MORE

You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month

by TonyLiberty You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month. The total principal invested would only be $190,000 but $1,710,000 would be from the magic of compound interest over 30 years. +11.51% is the Average Annual …

READ MORE

Just when you thought you were done with “pride month” California steps in and says, not so fast!

How many days, weeks, and months does the LGBTQIA community need? pic.twitter.com/SsUNHqf4Ul — The Post Millennial (@TPostMillennial) September 8, 2023 Sacramento – Today the California State Assembly voted to declare every August moving forward, Transgender History Month. The move comes as over 500 anti-LGBTQ bills have been introduced in State Legislatures across the country with …

READ MORE

California Assembly names August ‘Transgender History Month,’ becomes nation’s first official recognition

View post on imgur.com   (FOX40.COM) — The California State Assembly has voted to officially recognize August as “Transgender History Month,” beginning in 2024. The resolution, which passed on Wednesday, makes California the first state in the United States to have a month that officially recognizes the history and contributions of transgender people. Assemblymember Matt …

READ MORE

ISM Services Expand for the 39th Month, Prices Increase 75 Straight Months

via Mike Shedlock: If the Fed is taking economic clues from the Services ISM or from energy, it’s not done hiking. Manufacturing is a different story. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®  Please consider the August 2023 Services ISM® Report On Business® emphasis mine. Economic activity in the services sector …

READ MORE

Prosecutors to Seek Hunter Biden Indictment This Month will ask a grand jury to indict Hunter Biden this month

Federal prosecutors plan to indict Hunter Biden on charges by the end of the month A new bombshell court filing from Special Counsel David Weiss Wednesday said that the ‘government intends to seek the return of an indictment’  The charges will most likely be related to the first son lying on a form to obtain …

READ MORE

A Draconian New Law Went Into Effect On August 25th That Institutes Extreme Censorship Of The Internet On A Global Basis

by Michael The Internet just changed forever, but most people living in the United States don’t even realize what just happened.  A draconian new law known as the “Digital Services Act” went into effect in the European Union on Friday, and it establishes an extremely strict regime of Internet censorship that is far more authoritarian than …

READ MORE