months’

“Historically, when inflation crosses 8%, it takes years, not months, before it falls back below 2%.”… Number of Americans able to afford $400 surprise bill slides in era of ‘Bidenomics’

https://t.co/fZhvHiuQ6S — Win Smart, CFA (@WinfieldSmart) August 4, 2023 Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of 'Bidenomics' https://t.co/3dV6xksB5F — zerohedge (@zerohedge) August 4, 2023 #Fed QT accelerates. Fed balance sheet shrank $91bn in July, -$759bn from peak, biggest drop ever to $8.2tn, lowest level since July 2021. Fed has …

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Second Amendment: 48 Consecutive Months of One Million+ Gun Sales

National Instant Criminal Background Check System (NICS) numbers released by the FBI at the end of July show the U.S. has enjoyed four years of one million-plus gun sales a month. The National Shooting Sports Foundation (NSSF) goes through the FBI’s figures following their release each month, and Public Affairs Manager Director Mark Oliva commented …

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Manufacturing ISM Declines 9 Straight Months, New Orders Down 11 Months

via Mike Shedlock: The manufacturing ISM has been a broken record for nine months. Chart and excerpts below by permission from the Institute for Supply Management ® ISM®  Economic activity in the manufacturing sector contracted in June for the ninth consecutive month following a 28-month period of growth according to the Institute for Supply Management. …

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Mississippi man sentenced to an additional 40 years for attempting to escape 4 months before his release

Pearl, Miss. — A Mississippi man was sentenced Monday to 40 years in state prison for breaking out of a correctional facility and holding three people at gunpoint last year, just months before he was to have completed a seven-year sentence. Shunekndrick Huffman, 21, pleaded guilty to two counts of kidnapping and a circuit court …

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223,000 tech layoffs in 2023, 60,000 more than 2022’s total, and we are only 7 months in; Nasdaq surpasses Dow by 30% this year, the largest margin since 1971.

There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming the Dow by more than 30% this year – the widest margin on record in …

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The US national debt has increased by $1.8 trillion since the “debt ceiling crisis”. They did it in less than 2 months. At this rate, in 3 months, the debt will be 4 trillion. US Treasury is issuing $102B of long-duration bonds in the upcoming weeks.

by RedditIsOwendByTheWS The government now lives from month to month. soon it will be from week to week. Then from day to day. and finally from hour to hour. Source : Traders Brace for $102 Billion Wave of Treasury Bond Sales – Bloomberg

U.S. Bank lending on the decline! Commercial and Industrial loans slide for two weeks straight. Meanwhile, GDP up 2.4% last quarter? Is it sustainable growth or fueled by mounting debt? #Economy #BankLending #GDP #Debt”

by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial (C&I) …

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Bidenomics At Work! US Pending Home Sales Crash -14.8% YoY As Fed Pushes Rates Up, Negative Growth For 24 Of Last 25 Months (Is Fed Chair Powell Actually Mr. Freeze?)

by confoundedinterest17 The Biden Administration is gushing about Q2’s Real GDP report of 2.4% QoQ. Wow, after trillions of dollars of stimulus spending and The Fed going wild with monetary stimulus, all we got was 2.4% growth?? But let’s turn the cameras on the housing market. Pending home sales crashed -14.8% YoY in June. Is …

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MEGA HAPPENING: MITCH MCCONNELL HAS STROKE LIVE ON TV

by Chris Black It’s the climate change folks. BREAKING: Republican Senate leader Mitch McConnell freezes and appears unwell at a press conferencepic.twitter.com/k98r8X7xzW — The Spectator Index (@spectatorindex) July 26, 2023 This literal Golem doesn’t even look halfway alive. We really need term limits. BREAKING: Mitch McConnell has cognitive malfunction at podium Has to be escorted …

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When the word recession peaks its about 12 months later that it actually happens (the second peak)

by InternationalTop2405 It’s no surprise that the search term “recession” has spiked in recent years, as the global economy has taken a turn for the worse. What is surprising, however, is how much interest there is in this topic from around the world. People are clearly worried about their financial future and are looking for …

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Israeli PM Netanyahu Passes Judicial Overhaul Bill After Months of Protests

by Chris Black I’ve started rooting for Bibi, just because everyone hates him. 💥Netanyahu's coalition members are threatening to topple the government if they don't get what they want: unfettered power. pic.twitter.com/SBr1VCVcpP — Noga Tarnopolsky נגה טרנופולסקי نوغا ترنوبولسكي (@NTarnopolsky) July 24, 2023 💥#Breaking: The final vote has started. DefMin Yoav Gallant & PM Netanyahu …

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China’s exports, a significant contributor to domestic growth, have plunged in recent months as global growth has slowed.

BEIJING — China’s Commerce Ministry on Wednesday said non-economic factors were growing and interfering with the country’s foreign trade which was facing an “extremely severe” situation in the second half of this year. “Some countries’ forceful push for ‘decoupling,’ ‘severing [supply] chains’ and so-called ‘de-risking’ are human-made obstacles blocking normal commerce,” Li Xingqian, the head …

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Americans face increased credit rejection rates, reaching 21.8% in 12 months through June. The rejection rate for auto loans exceeded the application rate.

Americans are having a much harder time accessing credit. The rejection rate for loan applicants jumped to 21.8% in the 12 months through June, the highest level in 5 years: Fed data. The rejection rate for auto loans exceeded the application rate. https://t.co/Ag5BnmDKlP pic.twitter.com/w6iSrPAqoj — Lisa Abramowicz (@lisaabramowicz1) July 17, 2023 ​ https://www.newyorkfed.org/microeconomics/sce/credit-access#/ Wut mean? …

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Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing and showing no signs of slowing!

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 June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …

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Bidenomics In 3 Charts! Share of Total Net Worth Held by the Top 1% Near All-time High, 25 Straight Months Of NEGATIVE Real Wage Growth, 3 Straight Quarters Of NEGATIVE Net Worth Growth

by confoundedinterest17 Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt administation, it is more like …

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Bidenomics? “We Created More New Jobs In Two Years Than Any President Did In Their Entire Term” … Except Trump! (25 Consecutive Months Of NEGATIVE Real Weekly Earnings!, 10Y-2Y Yield Curve Crashing)

by confoundedinterest17 Yes, Resident Biden, our bumbling, corrupt “leader” said “We created more new jobs in two years than any president did in their entire term.” Of course, like almost everything that comes out of Biden’s mouth was a lie. Actually, the US economy added 12.53 million jobs after April 2020 (Trump) while Bidenomics created …

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Bidenomics? US Pending Home Sales Plunge More Than Expected In May To -20.8% YoY (Negative On Top Of 25 Straigth Months Of Negative REAL Wage Growth)

by confoundedinterest17 Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY. After existing home sales were flat and new home sales exploded higher, pending home sales …

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50 Shades Of Joe! Misery Indices All Point To Americans Being Almost Twice As Miserable Under Biden Than Pre-Covid Trump (25 Straight Months Of Negative Weekly Wage Growth)

by confoundedinterest17 I could have used 3 shades of Joe, but 50 shades of Joe sounds better! But the fact remains that Americans are far more miserable under Biden than they were under Trump before the Chinese Wuhan Covid virus was unleashed. 9.03 today (Core CPI YoY + U-3 Unemployment) than it was in February …

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Fed’s cumulative losses equal -71.875 billion remitted to Treasury in 9 months.

by Dismal-Jellyfish Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury -71.875 billion as of 6/21/2023. Let’s talk about the Fed’s cumulative losses in 9 months that equal almost as much (-71.875 billion vs $76 billion) that they remitted to the U.S. Treasury for ALL of 2022… ​ https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed is …

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Something is broken? Its not just the Fed… World Central Banks starting to add liquidity; Corporate Insiders are selling heavily into the stock market rally over the last 2 months

Its not just the #Fed… World Central Banks starting to add #liquidity See our latest liquidity heatmap pic.twitter.com/ryLxnyE4Sp — CrossBorder Capital/ GLIndexes (@crossbordercap) June 20, 2023 Corporate Insiders are selling heavily into the stock market rally over the last 2 months pic.twitter.com/bwBupLJWuh — Barchart (@Barchart) June 20, 2023 Credit card debt is now less than …

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Bidenville! US Inflation Cools To 2x Target In May, 26 Straight Months Of Negative Weekly Wage Growth (Core Inflation Still At 5.3% YoY, Yet Fed Will Pause Rate Hikes)

by confoundedinterest17 Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and Ukraine to influence American poliicies). Not only is Biden an attrocious human being, but his …

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I-95 will take months to repair due to overpass collapse.

I-95 is going to take months to repair, sparking chaos on the major interstate that funnels 150,000 vehicles across the East Coast every day, officials have warned. Pennsylvania Governor Josh Shapiro last night said the highway was going to take ‘some months’ before it is running smoothly again following the overpass collapse. It comes as …

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Four children aged 13, nine, four and 12 months are found ALIVE deep in the Colombian jungle FORTY DAYS after surviving plane crash

Four Colombian children who were missing for six weeks alone in the Amazon jungle after a plane crash have been found alive – and malnourished but otherwise healthy. The siblings, Lesly, 13, Soleiny, nine, Tien Noriel, four, and baby Cristin who had his first birthday while lost in the jungle, had been travelling in a …

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