A hub for independent voices and hard truths
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s …
The U.S. deficit, as reported by The Wall Street Journal, is expanding at a pace twice as rapid as initially projected, primarily due to the previously undisclosed student loan debt. This trajectory points to a 2024 deficit that could surpass …
Biden is sending a $105 billion spending bill to Congress, most of it is for other countries. $60 billion of it is for Ukraine to get him thru 2024. 🤨 pic.twitter.com/IDqSXIzvBK — Wall Street Mav (@WallStreetMav) October 26, 2023 How …
"The consumer is in excellent shape." Me: checking sales of luxury goods… – Gucci: -7%– Yves Saint Laurent: -12%– Bottega Veneta: -7%– Other: Balenciaga/Alexander McQueen etc: -15% Probably nothing. pic.twitter.com/dnhRqpGx0G — Genevieve Roch-Decter, CFA (@GRDecter) October 24, 2023 "Consumer spending …
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed …
The US’s mountain of debt has become a cause of concern for investors this year. The government is likely to spend more on interest payments than on defense over the next five years, per Capital Group. The ballooning debt burden …
Searches for "Can't pay credit card" hitting all time highs pic.twitter.com/s7hkSebIq2 — Darth Powell (@VladTheInflator) October 15, 2023 Credit card spending is finally starting to collapse… pic.twitter.com/XaMDwzyEIc — Bravos Research (@bravosresearch) October 16, 2023 Parallels of 2018 keep flashing red. …
Gen-Z shoppers think using cash doesn’t count as spending, that anything under $5 is effectively FREE and that riding a $400 bike 400 times means it only costs a dollar The new phenomena of ‘girl’ and ‘boy’ math is taking …
From a government spending perspective, the increasing tensions between Israel and Hamas arguably carry an even greater significance. Unlike the Russia-Ukraine war, the recent conflict will likely receive bipartisan support for additional military aid due to Israel's strong… pic.twitter.com/gbvZW5MqKq — …
Hamas and Hezbollah now reporting that Iran helped plan the Hamas terror attacks for weeks. Who opened the floodgates and supplied Iran to the tune of $100+ billion? Obama. Biden. Valerie Jarrett. The Iran Deal. This situation is far beyond …
Wage growth is dropping fast. Down to 3.9% YoY for American Workers. 📉 That is now the lowest rate of wage growth since the pandemic started. And also below the 60-year average. Bad news for US Economy & Housing Market. …
Warning: Bank credit is offically contracting This has only happened during the Financial Crisis Buckle up pic.twitter.com/QpF0evOdNs — Bravos Research (@bravosresearch) October 4, 2023 https://twitter.com/leadlagreport/status/1709918710310338758 U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 …
Game over pic.twitter.com/2LvKu0YXdN — zerohedge (@zerohedge) October 4, 2023 The median income last year was $74,580 compared with $76,330 in 2021, according to the Census Bureau. The 2.3% drop in incomes was the most since 2010. It was the third-straight …
The US National Debt has now increased by over $2 trillion since the debt ceiling was suspended just 4 months ago. pic.twitter.com/lWiHaYW7Ht — Charlie Bilello (@charliebilello) October 5, 2023 2 days ago, the US added $275 billion in 1 day …
via WSJ: Americans spent more in August 5.8% YoY, far more than inflation at 4.0%. The experience economy boomed this summer. Airlines had record revenues and Ticketmaster had 18% YoY increase in ticket sales. According to the NY Fed, the …
https://twitter.com/_/status/1708191999701000420 https://twitter.com/_/status/1708191997272400348 ‘US politicians on Saturday struck a deal to fund the government and avoid a shutdown. Democrats and Republicans in the House of Representatives voted 335-91 on a short-term funding bill – known as a continuing resolution – according …
US housing market affordability is, by far, at its lowest point in history. Even in the worst part of the 2008 financial crisis, affordability was ~15% BETTER than its current levels. With the recent move higher in treasury yields, we …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 …
Congress is not a retirement home. We need Term Limits and Age Limits NOW. People should not be dying while in Office. They are clearly not making important decisions for the people they supposedly represent. Finesteon has been in power …
1. The Pentagon bill, absent Ukraine aid, cleared the lower chamber in a 218-210 vote, with two Republicans – Reps. Tim Burchett (R-Tenn.) and Ken Buck (R-Colo.) – opposing it, and two Democrats – Reps. Jared Golden (D-Maine) and Marie Gluesenkamp Perez …
Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last …
via reason: As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren’t feeling the so-called success of “Bidenomics.” …
Kevin McCarthy faces battle with hard-right Republicans as shutdown looms Kevin McCarthy will return from his August recess on Tuesday facing the latest in a long series of conundrums for the Republican House leader: should he force a government shutdown, …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20230906.pdf This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. Highlights: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying …
People make less money, and prices are rising everywhere. Housing prices are going crazy. 😢 Are we in a quiet recession already? So many people earn less and everything costs more. Inflation has eroded earnings dramatically in real terms. Meanwhile, …
Communist Party Priorities Complicate Plans to Revive China’s Economy Another party journal, Study Times, chimed in with an article that specifically argued against handing out cash to consumers. “While such measures could work in stimulating consumption to some extent, the …
via WSJ: The sporting-goods chain slashed its profit targets for the year after missing Wall Street forecasts for the second quarter. Sales slowed after a pandemic-fueled surge for outdoor gear, leaving it with excess inventory. Executives said thefts of merchandise …
Hawaiian Electric focused obsessively on renewable energy while only spending $245,000 on wildfire safety Hawaiian Electric knew about the threat of wildfires but waited for years to act They focused energy on renewables – only investing $245,000 on wildfire safety …
