“Boodle Biden” Strikes Again! Biden Announces $16.4B in New Funding For Amtrak’s Northeast Corridor (For Middle Class Consumers, Borrowing Costs Rising, Housing Prices Rising, Banks Cautious About Consumer Lending, Shipper Maersk Announces Plans To Cut At Least 10,000 Jobs)

by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …

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Justin Trudeau’s Leadership Under Fire as Soaring Housing Prices and Rent Strains Canadians

In a revealing interview, Justin Trudeau faces harsh scrutiny as housing prices have skyrocketed by 70% during his tenure, while the average rent has surpassed $2,000 per month and continues to climb. 🔊 … Justin Trudeau gets wrecked in this interview 🚨🚨🚨 "Since you took power in 2015, the benchmark housing prices have gone up …

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Prices of Some Basic European Foodstuffs Keep Skyrocketing

via kake BRUSSELS (AP) — These days, think twice before you lavishly ladle olive oil onto your pasta, salad or crusty bread. Olive oil, a daily staple of Mediterranean cuisine and the life of many a salad throughout Europe, is experiencing a staggering rise in price. It’s a prime example of how food still outruns …

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The World Bank has issued a serious warning that oil prices and food prices could surge dramatically due to escalating conflict in the Middle East — The worst-case scenario could see oil prices rise by as much as 75%

by TonyLiberty The World Bank has issued a serious warning that oil prices and food prices could surge dramatically due to escalating conflict in the Middle East. The World Bank outlined three potential scenarios for oil supply disruptions, each with varying degrees of price increases. The worst-case scenario could see oil prices rise by as …

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Guns Of August? Home Prices Rise Again In August, +2.57% YoY (Illegal Immingrant Destinations Like Chicago, New York And Detroit Are Up The Most)

by confoundedinterest17 Bidenomics is best represented by the novel “The Guns of August” since American’s middle class is getting blasted by Biden’s economic policies and The Fed’s rate rate hikes. Find out where Texas Governor Abbot is bussing illegal immigrants and buy in the market!! Home prices rose for the 5th straight month in August …

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McDonald’s, Chipotle to raise menu prices in California next year as fast-food wages rise to $20

  Fast-food workers in California will start making at least $20 an hour in April due to a compromise between the restaurant industry and labor groups. Both McDonald’s and Chipotle Mexican Grill said customers in California will pay more to offset the rise in labor costs as a result. McDonald’s CEO Chris Kempczinski said the …

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The World Bank has issued a warning that oil prices could surge dramatically and enter uncharted waters if the conflict escalates.

by thetimeisgold The World Bank is warning that oil prices could be pushed into uncharted waters if the conflict in the middle east escalates. (Info here) They said oil prices could hit $150 If oil prices rise significantly, it could drive inflation higher, which could call for echos of the 1970s. Nightmare scenario for everyone. I …

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Rising Inflation: KFC and McDonald’s Prices Soar in Seattle and Connecticut

KFC Seattle Wa 8pc $32 12pc $46 16pc $60 – 8 piece Tenders $32.00! KFC Seattle Wa8pc 12pc 16pc$32 $46 $60 https://t.co/SEJrww8i97 pic.twitter.com/XDpyxyyleB — Dagnum P.I. (@Dagnum_PI) October 30, 2023 Big Mac Combo meal $17.59, Medium Coke $3.99 Connecticut This was at a rest stop, but these McDonald's prices are nuts right??? pic.twitter.com/0qq8Ima3ZA — Sam …

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Median US Home Prices would have to drop over 50% to match the average US rent

by Mysterious_Comb9550 Using the current average US rent price of $1,372, to match a mortgage payment with a 20% down payment, the home value would have to be around $200,000. Considering that the median home price is currently $410,000, this means that median home would have to drop over 50% to match the average rent. Source:https://t.co/0Jc89FHlmi — …

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Mainstream Economists Never Tell You Why Are Oil Prices Rising

by Chris Black Supply and demand for physical products have nothing to do with the price. The price is not set by consumers or producers. The price is set by speculators using HFT algorithms to move the price for maximum profit on synthetic contracts traded on exchanges. 99.9% of the daily volume of oil contracts …

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Apple TV customers threaten to CANCEL their subscriptions as prices are hiked – as furious customers say it ‘doesn’t have enough content’ to justify the increase

Furious Apple TV customers have threatened to cancel their subscriptions, following the news that the company is increasing prices by up to 40 per cent. The change will bring the monthly cost from ÂŁ6.99 to ÂŁ8.99 in the UK, and from $6.99 to $9.99 in the US. Some customers say they are willing to pay …

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Soaring inflation, reaching 5% annually, has driven prices up by 17% since President Joe Biden took office, resulting in an average American family’s wealth diminishing by $7,300

New inflation numbers are running hot, at 5% on an annual basis. That means prices are up 17% since Joe Biden was installed, making the average American family $7,300 poorer. And analysts are predicting high inflation for years to come. Toss in Biden's green agenda and… https://t.co/qXMifIUTYb — FXHedge (@Fxhedgers) October 20, 2023 $XAU Gold …

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Walmart CEO Warns Americans Will Freak Out This Winter As Prices Continue to Soar; Goldman Warns of a Consumer Crisis

Americans are about to hit a breaking point, according to Walmart’s CEO. Soaring prices are severely impacting consumer spending habits, and the world’s biggest retailer is worried about how this trend is going to affect its bottom line this fall and winter. Bill Simon, the head of U.S. operations for four years, revealed that for …

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Inflation drives Canadian mom to buy all her food across the border in Montana – where she saves $300 per month due to surging grocery prices

Canadian mom has gone viral sharing her savings from grocery shopping in US Brandi Dustin crosses from BC into Montana for her weekly grocery trip Canadian government is under pressure to combat soaring food prices  A Canadian mom is going viral after sharing her big weekly savings by crossing into the US for her grocery …

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Media downplays rising food prices

“One of the most expensive items the news media economic cheerleaders wants everyone to ignore is the cost of food 🚨 Unfortunately for them, most Americans still go grocery shopping and the immediate impact of higher food prices on the consumer. The chart below is based on the BLS’s own indexing to 1982 dollars and …

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Fears for the US economy as fight in the Middle East threatens oil prices and shipping through the Suez Canal and Strait of Hormuz – as experts warn it could cause MORE inflation

America’s economy could be thrown into turmoil by the war between Israel and Hamas, analysts have said – warning that the dollar could be impacted and oil prices swiftly affected. The conflict may lead to higher inflation in the United States, which would be a significant problem for President Joe Biden going in to the …

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Orange juice prices have seen an astonishing 315% increase since their 2020 low, with a 105% surge just this year, causing trading halts due to rapid price spikes.

The jump in various food commodity prices is not entirely due to inflation. However, rising food prices certainly are contributing to the ongoing issue. It truly is a unique time to be an investor/trader. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 5, 2023 https://t.co/sLpTGRJBZU — Win …

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Disney is cutting prices for kids at its theme parks.

#recession … #GFC2 US #consumer edition#deflation 📉 đź‘€ https://t.co/jH6050adSK pic.twitter.com/ODeFE8XM5y — Invariant Perspective (@InvariantPersp1) October 4, 2023 #DisneyPlus $DIS 📉 đź‘€https://t.co/duIwR6TzY5 — Invariant Perspective (@InvariantPersp1) October 5, 2023

US Strategic Petroleum Reserves supply is at 17 days, half the historical average, and oil prices are nearly 30% above the target price set for refilling.

“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …

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Netflix plans to increase prices

Netflix Plans to Raise Prices After Actors Strike Ends Company to become the latest streamer to lift fees; Disney weighs launching a new live-sports tier abroad Netflix NFLX -0.94%decrease; red down pointing triangle plans to raise the price of its ad-free service a few months after the continuing Hollywood actors strike ends, the latest in …

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It’s almost game over for the consumers and prices are still RISING.

It's almost game over for the consumers Excess savings from C19 have likely depleted Credit card debt has surpassed $1 trillion Interest rates on credit cards have crossed 20% Personal interest payments is over $500 billion Personal savings rate is at 3.9%, levels unseen… pic.twitter.com/QWoLR5qZwW — Bravos Research (@bravosresearch) October 2, 2023 Warning: Helicopter money …

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A crisis is looming: Small US banks hold over 70% of $2T in CRE loans, exceeding ’06 guidance. With $1.5T CRE refinancing ahead, vacancies high, and prices falling, excessive exposure risks instability.

“JUST IN: Nearly 700 US banks now exceed the 2006 Commercial Real Estate (CRE) loan concentration guidance. What is the CRE loan concentration guidance? It’s guidance by the FDIC for the amount of exposure that small banks should have to CRE loans. Currently, small banks hold over 70% of CRE loans which is $2 trillion …

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Making America Unaffordable Again (MAUA)? US Home Prices Rise 1% YoY In July (After 0% Growth In June) Las Vegas Leads Downturn In Home Prices Followed By Zuckerburgh (San Francisco)

by confoundedinterest17 Thanks to rampant Federal spending and overstimulus by The Federal Reserve, US housing prices are simply unaffordable for many. Particularly since the Covid epidemic (Wuhan China Flu). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in …

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