Independent thinking for complex markets and current events
5 largest U.S. cities don’t have enough money to pay bills. At the end of fiscal 2024, all five cities didn’t have enough money to pay their bills despite having balanced budget requirements. In order “to claim their budgets were balanced, as is required by law in the five cities, elected officials” didn’t include “the …
Eight teenagers were arrested Saturday after Polk County deputies said they stole thousands of dollars’ worth of merchandise from a Dick’s Sporting Goods store.
South Korea wants to modernize the US navy South Korea proposed a shipbuilding project worth tens of trillions of won to US during the tariff negotiations, Yonhap News says, citing unidentified sources. South Korea’s Industry Minister Kim Jung-kwan explained the shipbuilding industry cooperation proposal, the so-called “Make American Shipbuilding Great Again (MASGA),” during the negotiations …
Leading indicators suggest inflation is set to rebound: The index of prices paid by New York manufacturers jumped to 51 points in April, the highest since August 2022. At the same time, the Philadelphia manufacturing prices paid index rose to 51 points, the highest since July 2022. All while the Dallas and Kansas manufacturing prices …
*IMF CUTS GLOBAL GROWTH FORECAST TO 2.8% IN 2025, CITING CENTURY-HIGH U.S. TARIFFS — Investing.com (@Investingcom) April 22, 2025 US Philadelphia Fed Non-Manufacturing Activity Apr: -42.7 (prev -32.5). 👇🏼 pic.twitter.com/YwRqrzxYT4 — Kalani o Māui (@MauiBoyMacro) April 22, 2025 U.S. FACES “MANUFACTURED” RECESSION IN 2025, IIF WARNS The IIF expects a policy-driven downturn—not a shock like …
by confoundedinterest17 It is a brave new world as the US attempts an Argentina-like shift from an over-regulated, corrupt economy to a more free economy. While Argentina has Javier Milei, the US is stuck with greedy Democrats and RINOs and their bloated spending sinking any attempt to cut wasteful spending. So as we transition from woefully …
The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point to #stagflation. Sorry, Fed. — Peter Schiff (@PeterSchiff) December 19, 2024 The markets still don't …
🔥🚨HAPPENING NOW: A massive anti-Trump protest has started in Chicago Illinois outside the Trump hotel after President Elect Trump won his election last night. pic.twitter.com/MHUvxVChFG — Dom Lucre | Breaker of Narratives (@dom_lucre) November 7, 2024 🔥🚨BREAKING NEWS: Democratic Rep Eric Swalwell told liberals not to ‘go quiet’ and ‘get loud and get active’ just …
This reeks of desperation… https://philadelphia.craigslist.org/cps/d/philadelphia-get-paid-to-talk-to/7772086165.html At the Kamala Harris rally in Philly today and the crowd is already lining up down the block. Doors haven’t even opened yet. Expecting 10k+ to come tonight. Fired up for Kamala Harris and Tim Walz! pic.twitter.com/WrmDCu7lVu — Aaron Parnas (@AaronParnas) August 6, 2024 h/t MT Ballsack
On July 11, 2024, a dangerous fire erupted inside a four-story apartment building in Northeast Philadelphia near Cottman Avenue and Roosevelt Boulevard. Flames leapt above the building into the night sky, and the fire quickly grew from a 2nd to a 3rd alarm blaze.
by confoundedinterest17 It’s not always sunny in Philadelphia! And not because the Eagles got stomped by Baker Mayfield and the Tampa Bay Bucs. Manufacturing activity in the Philadelphia region continued to decline in January (for the 18th month of the last 20). The headline Philly Fed survey printed -10.6 (worse than the -6.5 expected) and …
via Natural News: The Philadelphia Police Department is currently searching for five men suspected of stealing boxes of frozen beef from a refrigerated truck on Nov. 15 in South Philadelphia. The heist took place at around 12:30 a.m. on the 700 block of Pattison Avenue in South Philly East. The targeted tractor-trailer was parked overnight at the …
Joe Biden stumbles multiple times walking up steps ahead of speech in Philadelphia… pic.twitter.com/howoKQYihh — Rare (@Rare) October 16, 2023 h/t Coastie Patriot
Shameless Philadelphia ‘influencer’ and looter dubbed ‘Meatball’ BEGS for cash to help her legal fund after release on $25k bail: Dayjia Blackwell, 21, was released on $25,000 bail Thursday Shortly after her release, she was sharing her experience in jail on social media Philadelphia influencer ‘Meatball’ who posted bail Thursday morning after being arrested for …
"It just started and we ain't finished!" A #BLM protester threatens more mass looting after Philadelphia Police made arrests of looters in downtown. Video uploaded by @OSiiNT: pic.twitter.com/NvTjGW9m7L — Andy Ngo (@MrAndyNgo) September 27, 2023 The excuse for all this? A Philly judge dropped the manslaughter charges against a cop who shot a driver. Bodycam …
https://twitter.com/_/status/1706843611290374398 #BLM rioters looted a liquor store in Philadelphia during a night of mass theft in the name of racial justice. pic.twitter.com/F1qh546UCE — Andy Ngo (@MrAndyNgo) September 27, 2023 https://twitter.com/Travis_in_Flint/status/1706849530480619797 Parents picking up bread to feed their hungry children in Philly tonight. pic.twitter.com/7Izylfjy9O — End Wokeness (@EndWokeness) September 27, 2023 🚨Just in: Apple and many …
by confoundedinterest17 It’s NOT always sunny in Philadelphia. Particularly when the Philly Fed non-manufacturing survey screams stagflation (a nauseating combination of economic slowdown and inflation). After a positive surprise in July, Philly Fed’s non-manufacturing survey slumped back into contraction in August (from +1.4 to -13.1). Additionally, while respondents continue to expect a growth over the next …
…SUMMARY… A severe weather outbreak is possible across parts of the eastern U.S. today with widespread damaging winds, locally destructive, and isolated tornadoes as the greatest threats from the southern and central Appalachians to the Mid-Atlantic States. …Southeast to the Upper OH Valley to the Mid-Atlantic States… A shortwave trough over the Lower OH Valley …
by confoundedinterest17 Its not always sunny in Philadelphia, particularly when The Philly Fed (Phed?) business outlook is down in July again for the 11th straight month at -13.5. Let’s see how long The Fed (aka, Green Man) keeps removing monetary stimulus. An election is approaching!
Philly Fed manufacturing index below -25 has a 100% hit rate in leading to recessions since the 1970s We’ve already hit levels as deep as -31.3 this cycle pic.twitter.com/b0oZkiqicM — Bravos Research (@bravosresearch) July 20, 2023 BREAKING: Philly Fed Manufacturing Index comes in below expectations Expected = -10.1 Actual = -13.5 — Bravos Research (@bravosresearch) …
JUST IN – Level 2 hazmat response prompted and homes evacuated after a train carrying hazardous materials derailed outside of Philadelphia. — Disclose.tv (@disclosetv) July 17, 2023 Paging mayor Pete pic.twitter.com/nuyB9vD7S1 — Oh, That Guy (@If_only_u_knew1) July 17, 2023 BREAKING: Homes evacuated after train carrying hazardous materials derails in Montgomery County, Pennsylvaniahttps://t.co/NT6nyKvNsM — Insider Paper …
The Philadelphia gunman who left five dead has been unmasked as a cross-dressing Black Lives Matter supporter who made chilling Facebook posts about ‘evil spirits.’ Kimbrady Carriker, 40, shot dead four men and a 15-year-old boy in the Kingsessing neighborhood on the eve of the Fourth of July. He is in custody and facing multiple …
“8 people shot after gunman wearing bulletproof vest indiscriminately opens fire while walking down street in Philadelphia, Pennsylvania” BREAKING: 8 people shot after gunman wearing bulletproof vest indiscriminately opens fire while walking down street in Philadelphia, Pennsylvania pic.twitter.com/lpbURmGBvA — Intel Point Alert (@IntelPointAlert) July 4, 2023 JUST IN: Suspect was firing towards police with a …
by confoundedinterest17 As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession with the Philly Fed General Business Conditions index falling to -16.6 in June as Green …
by confoundedinterest17 Now that I know that the US is building a railroad from the Pacific Coast to the Indian Ocean (according to Resident Joe Negan), I feel so much better. /sarc On the other hand, The Philadelphia Fed’s Business Outlook index for June fell to -13.7. On the positive side, retail sales surprised to …
