Independent thinking for complex markets and current events
via Mike Shedlock New HUD energy rules will raise the cost of home construction by imposing stricter building codes. Payback time is 90 years. Homes To Become Even More Unaffordable The Wall Street Journal comments on Biden’s New Plan for Unaffordable Housing. The Department of Housing and Urban Development is mandating costly new energy standards for …
Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Meanwhile, despite significant Federal Reserve rate hikes, US “super-core” inflation is surging, as per BofA analysis. Large …
Tommy Tuberville’s recent stock transactions have once again drawn scrutiny, particularly his purchases of $HUMA shares, known for their tissue implant technology, just before the Ukraine conflict escalated. His position on the Armed Services Committee adds another layer of concern, highlighting potential conflicts of interest. The lack of transparency and regulation surrounding congressional stock trading …
https://www.youtube.com/watch?v=NuWuaIoZyPI Adams plans to give NYC bureaucrats $2.1B raise as he pushes program cuts over migrant crisis Mayor Adams Mayor Eric Adams signed off on a order that will provide more than 100,000 administration officials and other non-union employees with a retroactive pay increase boosting their salaries by 16.2%. ED REED Mayor Eric Adams …
Mayo Clinic experts say puberty blockers can lead to withering testicles, fertility problems and even cancer among the trans kids who take them, in the latest study to raise alarm about transgender medicine. The findings cast doubt on the ‘reversibility’ of puberty blockers — a key claim of the trans activists who promote the drugs, …
Inflation increased 3.2% in February 2024 from a year ago. Understanding what inflation is, why it matters and how to handle it can help when making financial decisions. The current U.S. inflation rate is 3.2% for the 12-month period leading up to February 2024. The rate of inflation was up 0.4% in February from the …
“How many Black communities are in a situation where they come from a circumstance where they’re in difficult, where they have difficulty? … Even those families that are really poor don’t have any books in the house.” Biden on Milwaukee radio: "How many Black communities are in a situation where they come from a circumstance …
BREAKING — Lawmakers unveil a $1.2 trillion government funding package, setting up a high-stakes sprint to pass the legislation as a shutdown deadline looms – CNN — Insider Paper (@TheInsiderPaper) March 21, 2024
President Joe Biden’s plan to raise taxes on billionaires was applauded by Republican Senators Ted Cruz and Josh Hawley on Thursday night. Biden vowed to raise taxes on billionaires to a minimum rate of 25 percent during his 2024 State of the Union address, joking about the “great sacrifices” that billionaires are currently making by …
Californians in two industries are set to get new minimum wages just for them next year, and that could lead to pay bumps for other workers, too. Gov. Gavin Newsom this year signed two union-backed bills that will boost fast-food and health care workers’ minimum wages. California-based fast-food workers for chains with 60 or more locations around …
by confoundedinterest17 The Federal Reserve (aka, The Keep) is back in the saddle again. The Fed has been unable to control inflation since Federal government spending was so fast and furious after Covid that little thought was given to the long-term ramifications of insane spending. Not to mention The Fed’s overreaction to Covid. Example? Home price growth …
In a captivating exchange, Aaron Rodgers and Joe Rogan delve into controversial topics, shedding light on the lab leak theory and other conspiracy theories that faced wrongful censorship. Rodgers, in particular, emphasizes a perceived “playbook” utilized by unnamed entities and drops a cryptic reference to “Disease X,” leaving listeners intrigued and skeptical. As the conversation …
https://www.bloomberg.com/news/articles/2024-02-06/boeing-labor-strife-poses-next-big-risk-to-plane-production Machinists inspired by auto workers, Hollywood seek 40% raise Labor chief doesn’t want strike, ‘but we’re willing to do it’ Union leaders will demand a 40% pay raise over three or four years, emboldened by a resurgent US labor movement, a scarcity of qualified aerospace workers and pressure on Boeing to stabilize work in …
“Yesterday Challenger reported 82.3K layoffs in Jan., the worst January since 2009, excluding 2023. Wed. ADP reported just 107K #jobs created in Jan. Today the Govt. reported 353K jobs created in Jan,. smashing expectations of 170K. Do you believe the Govt. or the private sector?” Challenger Job cuts in January were still slowing on a …
As the earnings season unfolds, the SPX’s first-quarter and year-ahead earnings projections are on a downward spiral. Earnings surprises are meager at +6.1%, marking 2023’s weakest performance. With a grim earnings growth of about -2%, the initial expectations of +2% have crumbled. Over 20% of the S&P 500 has reported lackluster results, raising concerns about …
Multiple LNG vessels stranded in Persian Gulf after air strikes on Houthi rebels Qatar appears to have paused sending LNG tankers through the Bab el-Mandeb Strait after the air strikes raised regional risks. Multiple liquefied natural gas tankers were held up over the weekend… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) January 15, 2024
by mark000 The financial plumbing is getting problematic which will require rate cuts and to end QT. Meanwhile global trade supply issues, OIL, govt deficit, wage growth etc may be calling for rate hikes at the same time. 2024 going to be very interesting This crisis is going to occur during Q1, so within the …
By Martin Armstrong President Biden has signed an executive order to implement a 5.2% pay raise for civilian federal workers in 2024, which is the largest pay increase for the federal workforce in over 40 years. This raise includes a 4.7% across-the-board boost to basic pay and an average 0.5% increase in locality pay. Military …
President Biden on Thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month. As first proposed in his fiscal 2024 budget plan last March, the increase amounts to a 4.7% across-the-board boost to basic pay, alongside an average 0.5% increase in locality pay. As …
As we navigate the currents of financial markets, the landscape reveals a precarious situation. Reflecting on the March 2020 crisis, which extended beyond the realm of COVID-19 to a massive blowout of the basis trade, the present scenario raises alarms. Collateral haircuts hover at zero or near-zero levels, with banks shouldering increasing risks. Astonishingly, the …
Japan faces a significant economic shift as bankers grapple with the challenge of learning to raise rates, prompted by a back-to-back wage bonanza. The move is seen as opening the door for a potential exit from the ultra-loose monetary policy by the Bank of Japan (BOJ), with Pimco already positioning by buying yen in preparation …
In Nebraska, over 14,000 solar panels were destroyed by hail and sent to a landfill because recycling them was considered too expensive. The image of a wind turbine graveyard in Texas highlights the environmental impact of renewable energy, as by 2030, an estimated 52,000 tonnes of blade waste will need disposal, potentially causing groundwater contamination. …
A World Economic Forum professor has declared that parents will soon need to obtain a license from the government in order to raise their own children. According to Connor Kianpour from the WEF-funded University of Colorado Boulder, parents will need to prove that they accept the pro-pedophilia and transgender agenda by the elite before being …
The current economic landscape is giving rise to growing concerns, with labor market deterioration, tightened lending standards by banks, and persistent inflation creating a potential stagflationary environment that could impact consumers’ purchasing power and lead to an economic slowdown. This situation, where interest rates rise while prices surge, is beginning to resemble past scenarios that …
Can get additional money for housing, meals, without receipts confirming the bills Bidenflation apparently isn’t a worry to many members of Congress who are taking advantage of a $34,000 “pay raise” that they voted for themselves through an internal rule change that avoided the political backlash of openly allocating themselves more money, according to a …
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 …
BREAKING: Maidan massacre trial finds that former Ukrainian President Yanukovych didn’t order snipers to shoot protesters. The US coup d'état in Ukraine was made possible by CIA funded Ukrainian Nazis who killed their own people and blamed Yanukovych. The US Govt wrecked Ukraine. https://t.co/v58A63B1II — Kim Dotcom (@KimDotcom) October 27, 2023 🔊 … Senator Chris …
The record-high subprime auto loan delinquency rate in September is deeply concerning, but it’s not just about the car market. The ripple effects extend to people struggling with their bills, families losing their means of transportation, and the broader economy. Many people have asked me to why I haven’t commented on the concerning auto loan …
Bowman calls out she is in the rates higher for longer camp while leaving room to continue raising rates. She calls out the PCE index rising but fails to mention that it was being undercounted previously and is actually HIGHER going back the last two years and registered at 3.5% in August, still WELL above the 2% …
We had a good rally on Friday, but in the intermediate term, we’ll probably see downward pressure on the stockmarket. Additionally, a jump in WTI oil to $86.29 due to the attack on Israel will definitely not help in the short term. Higher oil prices will translate to higher cost of goods and keep inflation …