A hub for independent voices and hard truths
Via SchiffGold.com, Assuming CPI measurements are not understatements, the dollar’s value has plummeted by a staggering one-fifth since 2020, yet, rather than acknowledging its role in fueling this economic turmoil, the Biden administration deflects, casting capitalism and corporate greed as the villains. The latest February CPI data show more signs of the upcoming inflation …
Japan Steps Closer to Intervention as Yen Hits Lowest Since 1990 Japan stepped closer to currency intervention with its strongest warning yet after the yen slid to the weakest level in about 34 years against the dollar. “We are watching market moves with a high sense of… pic.twitter.com/TJbwb6ZeKj — Tracy …
CRB stands for “Commodity Research Bureau,” which is a widely followed index that tracks the prices of various commodities. It includes 19 commodities in its index. Just as Powell gets dovish, the CRB index is within 1% of its highest close since August 2022. pic.twitter.com/xqYwUYZrmV — Peter Boockvar (@pboockvar) March …
https://twitter.com/WallStreetSilv/status/1772015363586134336 Cuba’s government has for the first time asked the UN’s food programme for help as food shortages on the Communist-run island worsen. The World Food Programme (WFP) said it had received an unprecedented official request from the Cuban government for help providing powdered milk to children under seven years …
TPTB have always known the power of information. Have you ever wondered how society has seemed to change every decade or so since the 1880’s? From pop culture to world politics. It was all planned and done on purpose. You could say our reality has always been fake, but it …
Poverty in the United States (2/2) Since 1975, the percentage of the population living well below the poverty line has increased by 49%. Relative poverty is a measurement of income inequality within a social context. It does not measure hardship or material deprivation but… pic.twitter.com/rMCp5W9SOq — Reef Insights (@ReefInsights) March …
He notably participated in Republican National Committee (RNC) debates, a requirement of which was a promise to endorse the eventually nominee. https://justthenews.com/politics-policy/pence-wont-back-trump-2024 “It should come as no surprise that I will not be endorsing Donald Trump this year. Look, I’m incredibly proud of the record of our administration. It was …
This trend raises alarm about the broader risks from interlinked dependencies. LONDON, March 14 (Reuters) – Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness. A record 80% of new European private credit funds borrowed from …
Global Corporate Defaults hit highest level since the Global Financial Crisis pic.twitter.com/A676mRcBI7 — Win Smart, CFA (@WinfieldSmart) March 14, 2024 Meanwhile in US: WARNING: Credit card default rate for small lenders have just hit a new record of 7.8% These levels have never been seen since 1991 pic.twitter.com/DrCN9MF0bv — Bravos …
Uhhh ohhhhh. Someone wants Haitian immigrants that are arrested in Florida to be sent to NYC? Does he already forget what happened the last time they couldn’t stop themselves from virtue signaling? h/t 2201992
Global central bank assets vs. S&P 500 What gives? pic.twitter.com/Mt4JbZukHN — Otavio (Tavi) Costa (@TaviCosta) March 13, 2024 Never forget, this time it’s different Chart @IanRHarnett pic.twitter.com/2Y5PxlBbrT — Michael A. Arouet (@MichaelAArouet) March 12, 2024 Investors have ALWAYS priced in a soft landing after the Fed stops hiking. #macro #hope pic.twitter.com/VNn8ipHAlz …
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)… Source: Bloomberg The 3-month …
Additionally, US consumer SERIOUS (90+ days) delinquency rates in auto loans and credit card debt for the most productive cohort (18-39) have been the highest since the Great Financial Crisis The mighty US consumer is getting through some notable issueshttps://t.co/puJCEOhOzW — Global Markets Investor (@GlobalMktObserv) March 11, 2024
Nikkei suffers biggest one day decline since early October and is now back below its 1989 high. Did Japan just suffer a 35-year double top? pic.twitter.com/DoCn6OqS8P — Barchart (@Barchart) March 11, 2024
via Mike Shedlock Questions about foreign workers came up yesterday on Twitter. The numbers are from the BLS. US and Foreign Born Employment Data from the BLS chart by Mish Since the data is not seasonally adjusted, it’s important to compare numbers to the same month a year ago. I …
by confoundedinterest17 Somehow, Biden left this factoid out of his State of The Union (SOTU) address. In February, immigrants added 1,277 million jobs while native Americans lost -420,000 jobs according to the BLS. Or maybe Biden can change his campaign motto to “Make America Great Again … For Immigrants, NOT Natives.” In …
THEY WENT WOKE AND YOU KNOW THE REST: Victoria’s Secret Falls Most Ever in Faltering Turnaround. Underscoring the retailer’s struggle to gain relevance with customers, the company said Wednesday it expects net sales of $6 billion this year, weaker than last year. Thursday’s share decline is Victoria’s Secret’s largest since its …
The United States has approved and delivered on more than 100 arms sales to Israel since October 7, US officials recently told Congress in a classified briefing, according to a Washington Post report citing unnamed officials. According to the report, the sales included thousands of precision-guided munitions, small-diameter bombs and …
Property owners in Denver are being asked to rent their places out to migrants as the Colorado city shuts down four public-run shelters. The Mile High City’s migrant services issued an email this week to property owners in the area seeking assistance in housing the city’s “newcomers” to get them …
Biden to launch joint FTC-DOJ task force to crack down on ‘unfair and illegal pricing’ President Joe Biden on Tuesday will launch a new task force to take on “unfair and illegal” corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of …
🇨🇳China Stocks See Largest Weekly Outflow Since October, Says BofA Chinese stock funds saw the largest weekly outflow since October, as the government seeks to stem a decline in the stock market, according to Bank of America Corp. strategists. About $1.6 billion was pulled… pic.twitter.com/uTbqAbcoaS — Tracy Shuchart (𝒞𝒽𝒾 ) …
What an uneducated woman….she is so into the “Pay me” stuff, she doesnt even care what she says. GOLDBERG: “You know what Joe Biden could do since he is presently President?! He could throw every Republican in jail!” pic.twitter.com/Yjwn8yHNhR — Breaking911 (@Breaking911) March 1, 2024 Related: MSNBC says white rural …
https://tradingeconomics.com/united-states/durable-goods-orders Signs that the economy is slowing down. Fed plan is working, now they have to thread the needle on when to start lowering rates to balance out inflation. h/t Aegidius25
IT’S BEEN 30 YEARS SINCE FOOD ATE UP THIS MUCH OF YOUR INCOME The last time Americans spent this much of their money on food, George H.W. Bush was in office, “Terminator 2: Judgment Day” was in theaters and C+C Music Factory was rocking the Billboard charts. Source:… pic.twitter.com/9CMWtL8RiF — …
Median performance in the following 13 and 26 weeks is +2.0% and +5.5%, respectively, but this has happened so rarely in the last 50 years, it is hard to argue we should draw any conclusions from it. h/t mrmrmrj
by confoundedinterest17 The Hollies said it best: Stop, stop, stop. FIAT Money Printing that is. Typically, we look at M2 Money Velocity (GDP/M2) as a measure of how much the economy grows by expanding the money supply. M2 Money Velocity is currently at 1.344, and still below where we were under Trump …
Borrowers approved under SAVE plan will receive emails from President Biden Education Department will identify eligible borrowers and cancel debt under the plan on a regular basis going forward Administration has canceled nearly $138 billion in student loan debt in total for almost 3.9 million borrowers to date 150,000 borrowers …
ATTENTION: Housing defaults have just hit the highest levels since 2013 This is now starting to look scary pic.twitter.com/IP2J3mCYHs — Bravos Research (@bravosresearch) February 18, 2024 Home prices just saw the largest year-over-year decline, dating back to 1964: https://t.co/kn2vAsyI15 — Reef Insights (@ReefInsights) February 20, 2024 Na pic.twitter.com/eBLQWa1HGM — Darth …
Aimed to prepare for a potential war with Russia, NATO’s Steadfast Defender exercises have become the alliance’s largest military drills since the Cold War, NATO’s Military Committee Chair, Admiral Rob Bauer, told the Financial Times. The experience gained during the Steadfast Defender exercises is expected to form the basis for …
via Mike Shedlock US-born employment is lower now than it was in January of 2020. Foreign-born workers make up over 100 percent of the employment gains. The Center for Immigration Studies reports Compared to 2019, All Employment Growth Has Gone to the Foreign-Born Comparing the fourth quarter of 2019 to the …