Independent thinking for complex markets and current events
It's in the nature of the monetary system for these ratios to go exponential. In the short term, something might give way, but in a few years, we'll be repeating this conversation as the debt level has surged exponentially. pic.twitter.com/mS05NNJ3UJ — Phoenix Capital (@PhoenixCapitalH) February 15, 2024 70% of largest U.S. cities lack funds to …
Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as legendary investor Paul Tudor Jones says a ‘debt bomb’ set to go off in US Interest payments on the US national debt will eclipse defense spending in 2024, grim new projections show. Federal debt is at a historic high, …
A south Chicago suburb is under the spotlight for possible corruption after its mayor was accused of lavishly spending money on luxuries while the Village of Dolton wallows in serious debt. Dolton Mayor Tiffany Henyard has come under scrutiny for making very questionable spending decisions as mayor even as the village’s bills are going unpaid, …
Nato is set to announce on Wednesday that 18 of its 31 members will meet the target of spending 2% of gross domestic product on defence this year https://t.co/cpDD8uIjp4 pic.twitter.com/XqAWLlhB6L — Financial Times (@FT) February 13, 2024 Idea Of Trump Winning Re-Election Gets Record Number Of NATO Members To Meet Spending Pledge When it comes …
by confoundedinterest17 As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen …
Earlier this week, journalist James O’Keefe of O’Keefe Media Group visited a Ramada Inn by Wyndham converted to a migrant housing facility that is reportedly being run by the Casa Alitas program in Tucson, Arizona. According to O’Keefe, buses were coming in with new migrants every 15 minutes, including during his “interrogation” by a Pima …
It's a terrible idea to put forward and pass a bill that tries to secure other countries' borders before we secure our own. We need to address our problems here at home in a REAL way. — Rand Paul (@RandPaul) February 8, 2024 The only reason we are considering this legislation now is so Schumer …
Oh, the epitome of educational excellence! Spending $47,000 per student to achieve the remarkable feat of ZERO passing math proficiency. Bravo, Illinois! https://twitter.com/eyeslasho/status/1754894367439900947 Spry Community Links High School, in the Heart of Little Village in Chicago, says its vision is to “provide a challenging and supportive environment…to enable our students to succeed in the 21st …
via Mike Shedlock On January 1, 2023, 38 states had noteworthy tax changes. 37 of the changes put extra money in people’s pockets. Here’s the result in pictures. Tax data from the BEA, chart by Mish The Tax Foundation noted State Tax Changes Taking Effect January 1, 2023 On January 1, 2023, thirty-eight states have noteworthy …
Center for Immigration Studies senior fellow Todd Bensman explains how the migrant crisis is affecting taxpayers’ wallets. #foxnews
Senator Rand Paul exposes eyebrow-raising government expenditures, highlighting instances where taxpayer money is allocated to seemingly absurd studies. The revelations include: $2.3 Million for injecting beagles with cocaine, aiming to understand the adverse effects, despite the evident societal impact of the drug. $700,000 spent on studying how male parrots attract mates, raising questions about the …
via JOHN RUBINO: Stocks are melting up while government officials claim credit for a soft landing. And yet… The US Index of Leading Economic Indicators (LEI) continues to predict a slowdown while GDP, which normally tracks the LEI, remains strong. Which one is right? The December index of business conditions in the New York Fed’s territory plunged …
KEY POINTS “Doom spending” occurs when you spend to cope with stress from such things as the economy and your finances. 27% of survey respondents admitted to doom spending, and 32% have taken on more debt in the last six months. Doom spending may be even more common among millennials (43% reported doing it) and Gen …
What should you do when you are worried about your finances and the economy? Gee, how about spending even more money? Yep, that’s what many in the U.S. seem to be doing these days, with about 96% of surveyed Americans being concerned about the current state of the economy. Indeed, 27% of respondents to a recent …
House Speaker Mike Johnson, R-La., tells ‘The Story’ why his deal with Senate Democrats was the right move.
Yeah it was due to covid. They were apart for a year.
Real Time Credit Card 💳 Spending pic.twitter.com/wGZgxYaTGZ — Win Smart, CFA (@WinfieldSmart) January 3, 2024 Buying conditions have collapsed pic.twitter.com/jUZ7ebxaqM — Bravos Research (@bravosresearch) January 3, 2024 "The share of U.S. homebuyers looking to move to a different metro area declined for the third straight month in November, dropping to 23.9%, the lowest share in …
New Argentinian President Milei was videotaped flying commercial – on state carrier Aerolineas Argentinas, which he has proposed to privatize turning ownership over to employees. Milei has also issued a decree opening Argentinian aviation up to foreign competition. Any world carrier would be able to fly to the country and also to engage in cabotage, …
San Francisco’s public schools have an enviable amount of money to spend on their students compared with many if not most of the other 1,000 districts in California. The funding windfall comes from additional voter-approved funding streams and City Hall’s financial support added to the state and federal dollars. But district officials, including the superintendent …
by Stephen Green Colorado’s year-over-year inflation continues to outpace the national rate of 3.1%. While inflation rates in the Denver metro area have dropped to 4.5% in November, down from 5.4% in September, Colorado’s year-over-year inflation rate still surpasses the national average of 3.1%. According to analysis conducted by the Colorado State Initiative (CSI), the average …
Gruesome Newsom Orders Commiefornia Spending Freeze Legal Insurrection readers may recall that I reported on California’s staggering $68 billion deficit, caused by an “unexpected” economic downturn. What is truly unexpected is that Gov. Gavin Newsom’s administration has just ordered a state spending freeze. In a memo sent across California agencies and departments this week, the director of …
by TonyLiberty Taxes kept climbing. People moved. Population shrinking, tax base shrinks. Seems straight forward. Time to cut back on taxes and things will rebound. I’m not a Trumpian but just cut taxes at the state level back to early 2000 levels and more people can afford to live in the state. Growing the tax …
In straightforward terms, let’s address a pressing concern: Inflation is here to stay, and the US deficit is spiraling out of control. Despite Treasury Secretary Yellen’s reassurances, there’s reason to be uneasy about the mounting US debt. Facing the facts, $1 trillion-plus US budget deficits are becoming the norm, and federal projections paint a grim …
This comes exactly 2 months after Argentina's central bank raised rates to a record 133%. Argentina has averaged a 40% inflation rate per year over the last 10 years. Is this last ditch effort going to work? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December 12, 2023 …
by Chris Black If anyone actually cared about these Africans, the last thing they’d do is bring them over to the most expensive and overcrowded cities on earth, where every single item and service costs more than almost anywhere else, and instead try to help them where they are, or as close as possible to …
via politico: The Senate’s top Democratic appropriator is warning that accepting Speaker Mike Johnson’s fallback idea for government funding would be “absolutely devastating” for federal agencies and families across the country if bipartisan spending negotiations falter. “It’s dangerous and a non-starter,” Senate Appropriations Committee Chair Patty Murray said in an interview on Wednesday. “Everybody needs …
Credit card spending has taken a nosedive, officially entering contraction territory, despite a reported 35% surge in retail sales above pre-pandemic levels. The discrepancy between retail sales growth and the significant decline in credit card transactions reveals a stark contrast in consumer behavior. Amidst a backdrop of soaring prices, with a 20% increase since before …
Interest rate futures indicate expected rate cuts from March 2024, with a growing chance of cuts starting in January. Three weeks ago, markets anticipated an additional rate hike and cuts in June 2024; now, there’s a 2% chance of an extra hike and five expected rate cuts in 2024. Despite these market shifts, Fed Chair …
Here is a list of companies pulling their ads from X in an attempt to blackmail Elon Musk – Apple– Disney– Washington Post– Paramount– NBC– Marvel– IBM– Sony Pictures– CBS– The Colbert Show– Comcast– Lionsgate– Warner Bros. Discovery Is it time to boycott them? pic.twitter.com/CYzaBq4LRx — TaraBull (@TaraBull) November 30, 2023
