A hub for independent voices and hard truths
Housing was already becoming impossible for many Americans. Then demand kept rising. A Federal Reserve related analysis looked at the housing surge from early 2021 to early 2024 and estimated that increased immigration contributed to a significant share of rising …
ISM manufacturing prices paid index spiked to 84.6 points in April, a 4-year high. Over the last 3 months, prices paid have SKYROCKETED over 20 points, marking one of the biggest spikes in history. Meanwhile, the employment index dropped to …
Treasury Secretary warns Hormuz blockade threatens global food security… US Presidency of G20 pivots to “well-functioning” fertilizer supply chains… Move aims to isolate Iran as “enemy of the global south” over trade disruptions… Diplomatic cables: US seeks to prevent a …
NEW: The International Energy Agency chief is sounding the alarm that Europe is running out of fuel due to the Strait of Hormuz blockade: "We have maybe 6 weeks or so of jet fuel left… I can tell you soon …
Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts. Saudi Arabia’s sovereign wealth fund is on the verge of announcing it …
10-year Treasury yields hit 4.4% for the first time since July 2025. But war, exploding debt and soaring inflation will drive yields much higher. Without big rate cuts and massive QE (a mistake), stocks and real estate will crash, resulting …
Hundreds of Valero layoffs begin in California as company idles major refinery #MacroEdge — MacroEdge (@MacroEdgeRes) January 15, 2026 Are California’s regulations killing energy jobs faster than companies can adapt? Valero is idling its Benicia refinery due to high operational …
They finally figured out that they both have so much trouble at home, that neither can afford a trade/cold/hot war…. Why the sudden reversal on the trade war? Something doesn’t smell right. Weekend futures keep dropping. Tonight’s open will be …
Paramount Skydance is about to put Bari Weiss in charge of CBS News. This is not a small shuffle. Weiss has built a career on provocation and taking sides. She will report directly to Paramount CEO David Ellison, bypassing CBS …
Markets cheered, but the message was hawkish. Powell didn’t promise cuts. He didn’t hint at September. He made the Fed’s caution sound like reassurance. That’s not dovish. That’s tight policy, carefully cloaked. “Risks to inflation are tilted to the upside, …
So I’m supposed to believe the Fed is about to cut rates when credit spreads are sitting at multi-month tights? Cutting here = loosening financial conditions just as inflation pressures re-accelerate. That’s a policy mistake in the making and likely …
Trump just tore into Chuck Grassley not over policy, but over perceived weakness. On Truth Social, he mocked the Iowa senator for clinging to the Senate’s blue slip tradition, a rule that lets home-state senators block federal judge nominees. Trump …
Telegram’s founder, Pavel Durov, has made a stunning claim. According to him, the U.S. government pressures tech engineers to install backdoors in software—without informing their employers. This revelation, shared in an interview, has ignited concerns about privacy, surveillance, and the …
My take is that 30yr mortgage is in a pause before heading higher. — Alistair (@kiwiangloameric) December 21, 2024 BREAKING: 30 year average US mortgage rates are above 7% again, per Mortgage News Daily. — unusual_whales (@unusual_whales) December 21, 2024 …
Today's hotter-than-expected #inflation data, following similar news yesterday, is putting more downward pressure on #gold. But gold will soar when investors realize the Fed will keep cutting rates despite inflation, and return to QE, sending both inflation and gold much …
No major economy in the world today is pursuing such an aggressively expansionary fiscal policy while shouldering an unsustainable cost of debt service. pic.twitter.com/J7QOca997s — Otavio (Tavi) Costa (@TaviCosta) December 9, 2024 This trajectory, in our view, is untenable and …
Global investment bank UBS published a report Monday highlighting the enduring value of gold as a hedge, despite a recent pivot among speculators toward equities following the U.S. presidential election. While the market appears optimistic, UBS cautions that policy uncertainty …
Sell house now or hold and wait to see if market improves We bought our house 2 years ago and our monthly payment was 4,500 (3,600 mortgage 900 escrow) a year later our monthly payment is 5,200 (3,600 mortgage 1,600 …
Christine Lagarde, the President of the European Central Bank, has indeed warned that the global economy is facing pressures reminiscent of the 1920s. She highlighted several factors contributing to this situation, including the aftermath of the COVID-19 pandemic, ongoing geopolitical …
Three years ago, Eric Adams, then a rising Democratic star, would have been the main attraction at an event like this: a politically star-studded Democratic fund-raiser at the famed Junior’s Restaurant in Brooklyn, the borough where Mr. Adams made his …
The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark. Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis. …
Copper prices surge to an unprecedented high of $5.08 per pound, marking a staggering 30% increase year-to-date and fueling concerns of rampant inflation. This new record surpasses the previous peak observed in March 2022, coinciding with the fastest inflation rate …
This is not looking good at all … Core PPI, which excludes energy costs, spiked by 6.1% annualized in April from March, seasonally adjusted, the biggest increase since July, also driven by the spike in services and made worse by …
The US faces a fiscal dilemma as record spending, deficits, and debt levels clash with inflationary green energy policies, potentially sparking a conflict between the Federal Reserve and government. Key points: Record non-crisis spending, deficits, and debt levels pose fiscal …
Despite a seemingly positive uptick in retail sales, recent data unveils a troubling reality: inflation’s pervasive impact on essential goods like food and energy. While headline figures may suggest economic resilience, deeper analysis reveals concerning trends, with nondiscretionary goods experiencing …
Market turbulence ensues as S&P 500 futures plummet nearly 100 points within minutes following March CPI inflation data. Rising inflation for the second consecutive month sparks concerns and fuels speculation about potential rate cuts. BREAKING: S&P 500 futures are now …
This is deeply concerning! New York Community Bank’s 40% stock drop, dividend cut, and unexpected loss signal potential trouble. Small banks remain vulnerable, especially with the looming Fed’s emergency loan program expiration. Many of these small banks hold tons of …
More disturbing news from #Germany. German #Construction #PMI cratered to 36.2 in November, approaching #COVID lows. https://t.co/rwnjssSGh5 pic.twitter.com/Xr82qi8J7y — jeroen blokland (@jsblokland) December 6, 2023 🇩🇪 The HCOB Germany Construction PMI 36.2 Lowest since April 2020!Excluding pandemic, lowest ever! Chart: …
The soaring Debt to GDP ratio at 124%, driven by the government’s extensive money printing, poses a heightened risk of long-term economic consequences and increased inflationary pressures. Despite a slight dip from the previous peak in 2020, the current ratio …
Global Central Banks Set to Diverge on Rates as Stubborn Inflation Stalks Fed, ECB Quarterly outlook on what to expect from monetary policy A less synchronized picture is emerging for the world economy Stubborn inflation keeping US and European officials …