A hub for independent voices and hard truths
“Here’s what’s going on with the Fed and Wall Street right now and it’s kinda wild when you understand the full picture (save this). The Fed created something called the Standing Repo Facility (SRF) back in 2021 as basically an …
US mass layoff warnings are rising at a concerning pace: 39,006 Americans were given advance layoff notice in October, the 2nd-highest since the 2020 pandemic. These notices are issued under the Worker Adjustment and Retraining Notification (WARN) Act, which obligates …
The Harvard Endowment’s Biggest Public Investment is Now Bitcoin The endowment dramatically increased its holdings of a spot bitcoin ETF since its previous such report. According to a new SEC filing, the Harvard University endowment’s largest publicly-traded investment is now …
Affordability crisis rattling mom-and-pop shops… “Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing …
AI could wipe out half of all entry-level white-collar jobs and spike unemployment to 10% to 20% in the next one to five years, predicts Anthropic CEO Dario Amodei. https://t.co/K53oCApIeF pic.twitter.com/6BgAlQ30pM — 60 Minutes (@60Minutes) November 17, 2025 Anthropic CEO’s …
US grocery prices have never been more expensive: The average cost of groceries for a family of 4 is now up to a record $1,030/month. This marks a +$280 increase since January 2017, when the average family spent $750 a …
“We’ve essentially reached a deal with Switzerland,” U.S. Trade Representative Jamieson Greer told CNBC’s “Squawk Box” on Friday morning. Duties will be reduced to 15%, the Swiss government said in a post on X, adding that further details will be …
The congressional funding bill included a THC cap that effectively bans most hemp products, a move industry leaders say threatens the $28 billion market. More than 300,000 jobs are at risk, with economic impacts expected in states with large hemp …
Authored by Mike Shedlock via mishtalk, The job cut hit parade line just got 15,000 more members. Verizon Looks to Slash Expenses The Wall Street Journal reports Verizon to Cut About 15,000 Jobs Verizon Communications VZ is planning to cut roughly …
https://gasprices.aaa.com/ https://www.cnbc.com/quotes/@CL.1 https://www.cnbc.com/quotes/@LCO.1
by Michael It is starting to look a lot like the Great Recession again. I thought that the pace of layoffs in 2024 was bad, but it has just exploded here in 2025. Vast numbers of good paying jobs are …
by Michael Do you want the good news or the bad news first? The good news is that 50 percent of food stamp benefits will be paid out during the month of November. The bad news is that a lot of …
by Michael After many years of steady economic deterioration, a very dark cloud of economic pessimism hangs over our country. The cost of just about everything has been rising faster than paychecks have been, thousands of stores are closing all …
Key reasons cited by respondents include: Soaring tuition costs, which many say are out of reach for average families. Poor job preparation, with skepticism about whether degrees translate into real-world skills. Concerns over free speech and ideological bias, particularly among …
by Michael Millions of Americans are discovering that at some point the money runs out and the party is over. Vehicles are being repossessed at the fastest pace since the global financial crisis, foreclosure filings are up 18 percent compared …
Authored by Mike Shedlock via mishtalk, Consumer Sentiment as measured by University of Michigan drops slightly. University of Michigan Consumer Sentiment Please consider the Preliminary University of Michigan Sentiment Report for October. Overall, consumers perceive very few changes in the outlook for …
by confoundedinterest17 Feelin’ stronger for the most part. Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 3, 2025. The Market Composite …
Over 89,000 electric trucks were sold in the first half of 2025, up 140% from the same period last year. China accounted for almost 80K of those, w/ sales in Europe making up most of the balance. h/t straightdge
The math is brutal, and yet no one is screaming it from the rooftops. Ninety-seven percent of all stocks are held by the top 10 percent of Americans. Half of all equities are concentrated in the hands of the top …
by Michael I am so glad that I am not a young adult looking for a job in this very difficult economic environment. Every month, federal bureaucrats tell us that the unemployment rate in this country is low, but at …
Week ending September 10 in Vaughan did not just nudge the market downward, it slammed it into a pit nobody wants to admit exists. Detached median sold price fell to $1.36 million, one of the lowest points anyone remembers, down …
Rent vs Wage Growth Data: “Since 2000, housing costs have been rising faster than median household income. Inflation-adjusted rents have grown steadily, to more than 20 percent above their 2000 level. Inflation-adjusted prices for single-family homes have grown even faster… …
The numbers are falling and with every poll, confidence across the country is bleeding away. Inside the White House, the quiet grows heavier, as if no one wants to admit what everyone already sees. Donald Trump’s job approval has dropped …
France is on the edge and everyone is pretending it is not. Debt is rising faster than the government can admit, deficits are stuck above 5 percent of GDP through 2027, and the debt-to-GDP ratio is on track to hit …
by Michael When two-thirds of all the workers in your entire country are just barely scraping by from month to month, you have got a major crisis on your hands. For a long time, our standard of living has been …
Authored by Mike Shedlock via mishtalk, A Gallup poll shows the percentage of Americans saying college is “very important” has fallen to 35% Please note The Perceived Importance of College Hits New Low Americans have been placing less importance on the …
Larry Ellison climbed past Elon Musk because he forced the market to pay attention to what no one had expected. Oracle reported $455 billion in unfulfilled contracts, more than double what analysts predicted. Investors didn’t pause. They poured money into …
They can keep the whole thing afloat as long as they’d like The release valve is just the currency. Inflation is running at 3%-5% …and there's a 100% probability that the Fed cuts at least 25bps in ten days As …
Global confidence in the dollar is already fragile. Any serious move into gold signals that investors no longer trust Washington to manage debt or preserve purchasing power. This is more than a market event. It is a warning that the …
German manufacturing didn’t falter, it imploded, and the numbers are not merely weak, they reveal deep structural decay. July’s industrial orders fell by 2.9 percent after an expected gain of 0.5 percent. June’s numbers were quietly revised downward, and the …