Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

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 …

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Looting & Rioting in Philly

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 …

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Not Always Sunny! Philly Fed Non-Manufacturing Survey SCREAMS Stagflation (Powell And Fed Acholytes Descend On Jackson Hole Wyoming)

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 …

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Train Derails outside Philly. Hazmat Crews Respond

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: …

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Mass Shooter in Philly – 8 Shot, 4 Dead

“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 …

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Not Always Sunny! Philly Fed Business Conditions Declines To -16.6 In June (Powell Aka Green Man Faces Tricky Task of Explaining Rate Pause in Congress)

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 …

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