Independent thinking for complex markets and current events
Read an article based on this report on Bloomberg Business Week, an article about this report on The Crimson (Harvard’s student newspaper), and a harsh critique from AgriInvestor on how Harvard has reacted to our report. —– One of the world’s major buyers of farmland is under fire for their involvement in land conflicts, environmental destruction and risky investments. A …
Authored by Tom Ozimek via The Epoch Times (emphasis ours), Tesla CEO Elon Musk has sounded the alarm on the Biden administration’s massive deficit spending, warning that unless steps are taken to slow down the growth of America’s national debt, the U.S. dollar will become worthless. “We need to do something about our national debt or …
https://twitter.com/Mankosmash/status/1787140756123349428 https://twitter.com/WallStreetSilv/status/1787204479638470764 https://twitter.com/dlacalle_IA/status/1787019969613496349
Imagine spending $80k tuition to learn how to be homeless 🤣 pic.twitter.com/y0aGYFJjm0 — X Citizen Journal (@xcitizenjournal) April 29, 2024
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 challenges with no end in sight. Green energy policies, like those in Germany, have led …
by HarmoniousLight Yeah so what’s up with that? “Hurr durr we need wealth tax! We need a gooning tax! We need a breathing tax!” The government brings in $2 trillion a year already. Where is that shit going? And you want to give them MORE money? Does the government need more money or do they …
by confoundedinterest17 COVID was a gift to Biden. The furious Federal spending of Q2 2020 through Q1 2021 helped keep GDP growth above recession levels. Ignore Biden’s demented rants/lies about cutting the debt in half. Biden has claimed he cut the $34+ trillion national debt by $7 billion, $1.4 trillion, $1.7 billion, $1.7 trillion, and …
Tucker Carlson’s scathing expose reveals how credit card companies exploit Americans with hidden fees, driving them into debt. Senators Vance, Marshal, and Hawley lead the charge for change with the Credit Card Competition Act, aiming to alleviate the burden on consumers. Meanwhile, alarming spikes in delinquency rates at major issuers like Discover Financial signal economic …
The intricate dance between economic indicators unveils a sobering reality: as US government debt skyrockets, Gold emerges as a beacon of stability, outperforming Bonds in a landscape of uncertainty. With national gasoline prices surging past $3.70 per gallon amid persistent inflationary pressures, concerns deepen over the prospect of breaching the $4.00 mark for the first …
Just as excess savings have been depleted pic.twitter.com/exP6JjsGHn — Bravos Research (@bravosresearch) April 22, 2024
by confoundedinterest17 Biden and Congress have never met a project that they weren’t willing to fund (except a border wall with Mexico, of course). Inflation is heating up again as the Federal government continues to spend. 4-5% by November… US CPI on trend for 4-5% at US election in November. Source: BofA Above 5%…? Strong CPI …
With 30 major central banks poised to slash rates and over 70 nations heading into elections, the global economy braces for the most coordinated easing since the Great Financial Crisis. More Easy Money Will Plunge Us into Stagflation 30 major central banks are expected to cut rates in the 2H24, a year when more than …
In fiscal year 2024, U.S. national debt interest has exceeded spending on the military. The federal government spent $412 billion on military programs at the Department of Defense during the first half of FY2024. However, the rapidly growing cost of servicing the national debt surpassed military spending. Interest expenses from the $34 trillion national debt totaled $440 billion in the first six months of FY2024, representing a 43% increase from …
Here's an interesting trend: More than 60% of US federal spending is now deemed as "mandatory." This is more than DOUBLE the amount deemed as mandatory in the 1960s. Meanwhile, interest expense now accounts for 11% of the budget and is expected to reach 14% by 2029. In… pic.twitter.com/GqG2npgBT9 — The Kobeissi Letter (@KobeissiLetter) April …
The US credit card debt has already reached $1.1 trillion in March, an all-time record. Moreover, even when adjusted for inflation this debt has hit a record, surpassing the 2020 levels. Are US consumers' finances seriously stretched? Full analysis below👇 pic.twitter.com/cPrbTdAcy3 — Global Markets Investor (@GlobalMktObserv) April 3, 2024 Are US consumers’ finances seriously stretched? …
BIDEN: "The federal deficit is down by 160,000— 160,000,000 bucks!" He is, of course, LYING. pic.twitter.com/Y4fIbhhldE — RNC Research (@RNCResearch) March 26, 2024 US government spending is spiraling out of control, with Debt-to-GDP ratios on a dangerous trajectory towards unsustainable levels. With a Debt-to-GDP ratio skyrocketing to 124% and on track to surpass 130% by …
by confoundedinterest17 Biden loves to blame Republicans for the border crisis. Although he has it in his power to close and secure the border, but won’t. It’s easier to blame the opposition, like “extreme MAGA Republicans.” Huh, I didn’t realize that as a conservative American I am considered extreme by the Biden Administration. Unfortunately, Biden, …
Someone should have read the bill before signing it. Biden DOJ launches new center to promote track all gun owners to determine if they’re a threat, and then take their guns. You know who’s going to be determined to be a threat right? Justice Department Launches the National Extreme Risk Protection Order Resource Center 🔗: …
1 billion $USD per page, not bad 🤭 https://t.co/G7p5e1eLLk — JustDario 🏊♂️ (@DarioCpx) March 22, 2024 Congress’s recurrent passage of Omnibus Spending Bills has become a concerning hallmark of US fiscal policy. These bills, notorious for their labyrinthine complexity and rushed voting processes, encapsulate the unchecked expansion of government spending. The latest iteration, a whopping …
The agreement, the details of which are yet unclear, may not have come in time to prevent vast swaths of the government, including the Homeland Security, Defense and State departments, from at least partially shuttering just after midnight Saturday. The House, where the measure will originate, requires 72 hours’ notice before voting on legislation. The …
Chief Economist Warns Of High Chances Of Recession Due To Rising Unemployment And Declining Consumer Spending The chances of the economy sliding into a recession are “extremely high,” as the United States is on the brink of experiencing a surge in unemployment and a significant decline in consumer spending. Joe LaVorgna, the chief economist of …
Wait, so Biden’s “Infrastructure bill” allocated $5 billion towards building charging stations, and only 8 have been built?! Not 8,000, Not 800, *8*, For $5 billion Wait, so Biden’s “Infrastructure bill” allocated $5 billion towards building charging stations, and only 8 have been built?! Not 8,000 Not 800 *8* For $5 billion This is why …
via Mike Shedlock The answer to the question appears to be yes, starting October of 2023. Six pictures of real vs nominal advance retail sales tell the story. Real and nominal advance retail sales. Real sales are inflation-adjusted by the CPI. Every month the commerce department reports Advance Retail Sales. Advance estimates of U.S. retail and …
Sports Illustrated estimated that 80% of NFL players go broke in their first three years out of the league. Adrian Peterson is no exception. Adrian earned $103 million during his NFL career, and remains the highest-earning running back in NFL history. But Adrian got caught up… pic.twitter.com/H5NBvYUdnx — Darrell Aden (@darrelltalksfi) March 13, 2024 The …
A prominent evangelical advocacy organization plans to significantly ramp up political spending in the 2024 election with one goal in mind: returning Donald Trump to the White House Faith & Freedom, a conservative-leaning organization, intends to spend $62 million registering and turning out evangelical voters, texting and calling supporters, and door-knocking — $10 million more …
by confoundedinterest17 In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending and jump in Federal debt. Federal debt under Biden started at $27.7 trillion and is …
Time to VACATE Mike Johnson.
In the grand theater of Congress, Representative Thomas Massie has stepped into the spotlight, holding the script of fiscal responsibility while accusing his Republican colleagues of staging a budgetary masquerade. Basing his criticisms on the Congressional Budget Office (CBO) numbers, Massie doesn’t mince words. According to him, the FY-2024 spending extravaganza led by Johnson-Schumer is …
by Michael It seems odd to talk about 2021 as “the good old days”, but the truth is that the cost of living was far lower just three short years ago. Earlier today, I did an interview with Sam Rohrer of Stand In The Gap Today in which we discussed how food prices have gotten wildly out …