reached
Mike Johnson removes SAVE Act from spending bill — Funding deal reached until December.
House Speaker Mike Johnson announced a temporary agreement that would keep the government funded until Dec. 20. The measure does not include any part of the SAVE Act, the election security proposal backed by former President Donald Trump, the Republican nominee for president. It would include “only the extensions that are absolutely necessary” to avoid …
Have we reached peak social media?
by CharlesIntheWoods I’m 28 years old, so I’m right on the cusp of Gen Z. I started posting videos to YouTube when I was 11 and made my Facebook account when I was 12. My adolescent years were defined by social media platforms and trends. For the past three years I’ve been in charge of social …
FOMC Minutes: “The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system’s financial vulnerabilities as notable.” “Hedge fund leverage reached its highest level since 2013.” Ruh-roh…
Source: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf TLDRS: The Federal Reserve’s July FOMC meeting minutes highlight economic concerns and financial vulnerabilities. Usage of the Overnight Reverse Repo (ON RRP) facility slightly declined, with a more noticeable decrease expected later in the year due to increased Treasury bill issuance but could change due to idiosyncratic factors specific to some ON RRP participants. …
SCE Labor Market Survey: The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023, highest since March 2014. The average expected likelihood of becoming unemployed in the next four months reached a series high.
Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The rise in job searches was particularly pronounced among those over 45, without a college degree, …
When Japan reached US-level demographics, real estate prices fell for 28 years straight.
When Japan hit current US level demographics, real estate prices fell for 28 years straight. In 1995, the median aged Japanese person is the same age as a median aged American today. pic.twitter.com/NCuxhXqLYp — Darth Powell (@VladTheInflator) July 22, 2024 We had the largest speculative mania in house in US history. Bigger than 05-08 and …
History suggests it’s about to get ugly: more inversion days typically mean a deeper drawdown, and we’ve already reached over 700 days.
2/ The yield curve has now been inverted for the longest period since 1929 This signal has accurately predicted every economic downturn And also reflects the condition of the labor market pic.twitter.com/TBSFZxciOG — Bravos Research (@bravosresearch) July 24, 2024 4/ Conversely, after yield curve inversions the curve steepens This usually suggests a weakening labor market …
“China has already reached its economic peak, it cannot catch up with the USA”
Predictions that China might indeed become number one have been increasingly frequent since the financial crisis, which slowed growth in the United States and Europe for years afterward. Before the financial crisis, China’s GDP had been growing at double-digit rates for years. Even in the first decade after the crisis, the Chinese economy grew at …
James O’Keefe: “Good news; A few Secret Service agents have reached out to @OKeefeMedia. They are in tears, they are discouraged.
Good news; A few SS agents have reached out to @OKeefeMedia They are in tears, they are discouraged. There is the physical courage to fight, and then there is a more rare form of moral courage to have the stones to stand up publicly. I know they will soon. 9143159415 (signal) — James O'Keefe (@JamesOKeefeIII) …
$NVDA is above and beyond the level of insanity reached 20+ years ago…
And for those who love comparing $NVDA with $CSCO in 2000, sorry but $NVDA is above and beyond the level of insanity reached 20+ years ago… https://t.co/bcxRORbKEP pic.twitter.com/MMcqlOS3OT — JustDario 🏊♂️ (@DarioCpx) July 2, 2024 Nvidia Nefarious price action . Carnage visits soon pic.twitter.com/nDDulzSDrN — The Great Martis (@great_martis) July 2, 2024 INSANITY IS AN …
Verdict reached in Trial: Trump found guilty on all 34 counts, sentencing date is July 11.
A New York jury has found Donald Trump guilty on all 34 felony counts of falsifying business records. This historic conviction marks the first time a former U.S. president has been convicted of a crime. The charges relate to falsifying business records related to a hush money payment made by Trump’s former lawyer, Michael Cohen, to adult …
Simply Unaffordable? US Home Prices Reached New Record High In March, Despite Soaring Mortgage Rates (Home Prices UP 34.5% Under Biden, Mortgage Rate 157%)
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the …
Tensions between Russia and the UK reached a boiling point
Moscow issued a stark warning of retaliation against British targets in Ukraine or beyond. The ominous threat came in response to remarks by British Foreign Secretary David Cameron, suggesting that Ukraine could use UK-provided missiles to strike deep inside Russian territory. In a dramatic escalation, Ambassador Nigel Casey was summoned to the Russian Foreign Ministry, …
We’ve just reached the pinnacle of absurdity.
https://www.youtube.com/watch?v=0B2hYubfzPw Jennifer Lopez always knows how to throw in a subtle shake-up when it comes to her looks, whether she’s giving businesswear a mermaid spin or layering a fluffy fur coat over a gray sweatsuit. On Sunday afternoon, the This Is Me… Now: A Love Story star surprised us yet again when she sported a …
Housing defaults have now reached the highest level in a decade.
Housing defaults have now reached the highest level in a decade. Multi-family = Apartments This is not looking too good … 🔥🔥🔥 pic.twitter.com/WLmNtorY9I — Wall Street Mav (@WallStreetMav) April 25, 2024 Purchase applications for homes continue to collapse. Exactly as zero of the "housing analysts" predicted pic.twitter.com/ZW8pMkMGv4 — Darth Powell (@VladTheInflator) April 25, 2024
Agreement reached on Trump’s $175 million bond…. Alina Habba is pissed — Judge Engoron doesn’t even understand Money Market funds.
Alina Habba in the last hour. This is hilarious. Judge Engoron doesn't even understand Money Market funds. Agreement reached on Trump $175 million bond.pic.twitter.com/CJwUR04VNl — Citizen Free Press (@CitizenFreePres) April 22, 2024
Larry Summers: Inflation Reached 18% Using The Government’s Previous Formula
Numerous commentators—especially those defending President Biden’s economic record—have puzzled over why Americans are sour about the state of the U.S. economy. Unemployment rates have returned to pre-pandemic lows, commentators correctly point out, and the official rate of inflation is declining. So why are Americans ignoring the view of many experts that the economy is doing …
The layoffs have finally reached Apple.
Looks like they’ve reached the Last Resort 😬 pic.twitter.com/ykDP2IsekD — Rho Rider (@RhoRider) March 22, 2024 $AAPL Apple employs approximately 12,000 engineers, designers, and marketers, excluding store and support staff. In the 3rd quarter, the company allocated $7.69 billion towards R&D, amounting to $641,000 per employee over 3 months or $7,000 per employee per day. …
U.S. Consumers Have Reached A Breaking Point
by Michael Over the past several years, the cost of living has been rising significantly faster than paychecks have. As a result, U.S. consumers have reached a breaking point. Delinquency rates are spiking and bankruptcies have risen to a very dangerous level. I have been hearing from so many people that are struggling to survive in this suffocating …
The alarming corruption within the American judiciary has reached a level reminiscent of a Latin American banana republic.
by Stephen Green Judge Kathaleen McCormick rescinded Elon Musk's $55 billion Tesla compensation package, overturning the company's board and 80% of its shareholders. McCormick also ruled against @elonmusk during his Twitter acquisition. Before becoming the head of the Delaware Chancery Court,… pic.twitter.com/k2F4CHDJuT — KanekoaTheGreat (@KanekoaTheGreat) February 1, 2024 More: Before becoming the head of the Delaware …
Microsoft P/E multiple is 38x and almost reached record highs of late 2021. What is next?
High priced in growth indicates lower future expected returns. For the future, expect low price growth or price contraction if AI isn’t the cash cow the market thinks it is, all while Microsoft remains a highly profitable company that will keep paying it’s dividend. h/t ChampionshipUsed9855
Bill O’Reilly has reached his absolute limit.
Bill O’Reilly has reached his absolute limit. pic.twitter.com/FkuGovnDHs — Big Fish (@BigFish3000) January 11, 2024
America’s Empire Of Money Has Reached The Endgame
by Michael We did it Joe! It took a tremendous push down the stretch, but the U.S. national debt was able to hit the 34 trillion dollar mark before the end of 2023. At this moment I am just so overwhelmed that I don’t know who to thank first. Over the past few years, Joe …
Has Whatever Is Spreading Like Wildfire In China Already Reached The United States And Europe?
by Michael Why are so many children all over the world suddenly developing pneumonia? For the moment, health authorities are telling us that there is no reason to be alarmed. They are telling us that all of these cases of pneumonia are being caused by the flu, RSV and other common respiratory diseases. Hopefully that …
The European Parliament and Member States just reached an agreement on introducing the Digital ID
ROB ROOS MEP BREAKING: Very bad news. The European Parliament and Member States just reached an agreement on introducing the Digital Identity, #eID. Directly afterwards, #EU Commissioner Breton said: “Now that we have a Digital Identity Wallet, we have to put something in it…”, suggesting a connection between #CBDC and eID. They ignored all the …
The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford a median-priced home — To put things in perspective, the median household income is only $75,000.
by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many Americans. If you’re looking to …
In previous tightening cycle interest rates reached peak in July 2006. During next 18 months gold increased by 28%, then recession started.
by ChampionshipUsed9855 Gold is currently trading at $1,999.90 per ounce, up 0.72% from yesterday’s close of $1,983.18 per ounce. Gold prices are up 28.4% since December 2007 and have outperformed the 3-month Treasury yield by a wide margin over that time period.
LA Already Reached Utopia
by Chris Black This sh*t is pretty hardcore. I’m kinda surprised this is even allowed in California. I mean, women prostituting themselves in broad daylight, in front of kids…come on, man… New York Post: Emboldened by new California laws that make it nearly impossible for cops to bust prostitutes, sex workers in Los Angeles’ red …