A hub for independent voices and hard truths
by confoundedinterest17 Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus. Is that all there is?? US Industrial …
by confoundedinterest17 Inflation is a killer to the middle class and low-wage worker. Yet there are always apologists for terrible Federal spending and Federal Reserve monetary policies. Like Alex Bereson with his “How we stopped inflation without a recession (hint: by …
Keep this in mind when you hear, "The consumer is strong." Just because they're spending, doesn't make them strong. — Frank Iozzo (@RetireWithFrank) August 11, 2023 Not something you want to see if federal reserve interest rates have skyrocketed over …
The US just published their budget numbers showing a $221 BILLION deficit in July ALONE. With $276 billion in receipts, the US spent a massive $497 billion last month. Total interest on US debt YTD is now at $726 BILLION. …
NYC is spending more money on illegal migrants than "sanitation, parks, and the fire department combined." $5 billion for the fiscal year. Adams is on TV this morning begging for more money and taking no responsibility for encouraging the crisis. …
Since the debt ceiling crisis, the US has already added nearly $1.5 trillion in debt. Meanwhile, tax receipts are down sharply this year. We are spending more and making less, a recipe for disaster. Follow us @KobeissiLetter for real time …
by confoundedinterest17 The US Fiscal position is very bad and the US is beginning to look like a third world economy. And with Biden and Democrat AGs filing indictments against Biden primary Presidential oppoonent, that country is Venezeula! Like skyrocketing …
Once people start to repay student debt again all those expensive trendy useless mall shops will start shuttering their satanicly advertised windows: US Economy Braces For Chaos As $1.5 Trillion Student-Loan Pause Ends After a three-year pause due to the …
On top of printing $4 trillion, the Fed lowered rates to 0% overnight in March 2020. Now, we have the fastest rate hike campaign in history. It’s unclear if zero interest rate policy was a net positive. Follow us @KobeissiLetter …
https://twitter.com/NorthmanTrader/status/1685201566196748289 https://twitter.com/NorthmanTrader/status/1685637032415043585 “Why the Federal Reserve has made everything more expensive to make things less expensive” actual title of article by NBC, they to on to call this “A little bit of science and a little bit of art” Clownworld …
In recent news, the increased weapon purchases by the Internal Revenue Service (IRS) have raised concerns on Capitol Hill. Rep. Stephanie Bice, R-Okla., expressed her unease in a letter to IRS Commissioner Daniel Werfel. Rep. Bice highlighted the the agency’s …
New Post: A Platform Of Sound Economics For RFK To Run On, Part 2 https://t.co/D5k0ly6fzo pic.twitter.com/qrmb37F27W — David Stockman (@DA_Stockman) July 27, 2023
When are they going to stop this madness? she has no free will! they are doing it in the open! who are the handlers. 90-year-old Dianne Feinstein is told to "just say aye" at vote on the defense appropriations bill. …
by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To …
via YAHOO: (Bloomberg) — US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors. The credit outlook is expected to deteriorate later this …
Authored by William Astore via AntiWar.com/Bracing Views, Days ago, I got a story in my New York Times email feed on “A Turning Point in Military Spending.” The article celebrated the greater willingness of NATO members as well as countries like Japan …
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon …
https://twitter.com/JoleneBlahahaha/status/1680677891023990785 https://twitter.com/BernieSpofforth/status/1680892369300865025
In the same year the US is on track for ~$1 trillion in interest expense, tax receipts hit a 3Y low. Meanwhile, spending is rising at one of the fastest paces in history. In 10 years, the US will have …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services …
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav …
by Dismal-Jellyfish https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. The RBNZ expects the OCR to …
More than 2,200 stores are closing across the US in 2023. Here’s the full list: It’s not exactly the retail apocalypse of prior years, but it’s a shakeup nonetheless. An Insider tally of announcements by major retailers in 2023 finds …
The Biden Admin Is Scrambling To Spend $27 Billion ‘Slush Fund’ Before Congress Claws It Back President Joe Biden’s Environmental Protection Agency (EPA) is making plans to rapidly invest billions of dollars in green energy and technology projects before the …
“The smart people have already paid the tab and gone home The remainder will wake up tomorrow with regrets” Don’t see a Recession? It’s Last Call at the bar The smart people have already paid the tab and gone home …
Poor baby. I paid my student loans, you pay yours. I’m not inclined to pay mine and then pay your too. h/t Mitchisboss
by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it …
I love this ratio (old definition/new definition), specially the rate at which it has been increasing since 2021…👇 https://t.co/pXs2htkAra — Alvaro (@Alvaro128929138) June 25, 2023 Can you spot a difference between the two boxes? Identical in size and price of …
via dailyhodl: One of the biggest banks in Australia is making significant changes to the amount of cash customers can withdraw and how much they are allowed to spend using their debit cards. Westpac is reportedly restricting the amount of …
