Independent thinking for complex markets and current events
Breaking: There is no longer a "likelihood" of a recession; it's either coming or here, according to CEO and investors I speak to. Here's their logic: Companies clearly cut back on spending in run-up to the tariff war. When it hit, they went into full retrenchment mode. Now amid… — Charles Gasparino (@CGasparino) April 13, …
🇺🇸 REP. MIKE LAWLER: DOGE IS DOING A TURBOCHARGED FORENSIC AUDIT OF THE ENTIRE GOVT “We’re spending $86 trillion over 10 years—and we’re $36 trillion in debt. That’s $1T a year just on interest. DOGE is digging through every department. This is a real audit. It’s been… https://t.co/zoRdpN22b9 pic.twitter.com/lmPB41912m — Mario Nawfal (@MarioNawfal) April 11, …
Speaker Mike Johnson told Republican holdouts on the party’s crucial budget plan in a private meeting Wednesday night that they could oust him from the speakership if he doesn’t follow through with his fiscal promises, according to three people with direct knowledge of the matter who were granted anonymity to discuss it. Johnson pledged to …
Just like 2000, Saylor doesn't have a plan to strategically deploy capital. As soon as he gets money he blows it, regardless of price. This erratic, cocaine addict behavior is the reason he destroyed MicroStrategy 25 years ago. https://t.co/uLGVOgw2fv — Financelot (@FinanceLancelot) April 8, 2025 Why MICROSTRATEGY is definitely a PONZI explained: We all have …
Capex growth is slowing from here:$MSFT : “Capex in 3Q and 4Q should be similar to 2Q.”$TSLA: “Capex will be flat.”$META: “It’s possible that we’ll learn otherwise at some point, but I think it’s way too early to make that call." pic.twitter.com/06YMK2ZHKg — JaguarAnalytics (@JaguarAnalytics) January 29, 2025
Sen. Kennedy’s dead right. Taxpayers fork over $500 million+ every year to fund outlets like NPR and PBS, platforms that overwhelmingly lean left. Even if they didn’t, why should the government be in the media business at all? Free press doesn’t mean government-sponsored press.… — Noah Christopher (@DailyNoahNews) March 27, 2025
https://twitter.com/PhilipSoos/status/1903314836970410442 With this kind of spending, many Australians are beginning to feel the strain. The cost of living is rising, wages are stagnating, and housing affordability is becoming a distant dream for many. The government’s focus on these costly projects, while essential in their eyes, leaves citizens questioning how much more they will be forced …
Scott Bessent on CNBC: “The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.” pic.twitter.com/jvWGeFQNCG — unusual_whales (@unusual_whales) March 16, 2025 You gotta love this guy. Finally we have an adult in the room as Treasury Secretary pic.twitter.com/S3Cfo9iQZo — QE Infinity (@StealthQE4) March …
Pentagon to unveil cuts alongside fiscal 2026 budget request Congress will have to wait to learn more about Defense Department’s efficiency efforts Pentagon leaders plan to roll out their recommended cuts to military spending alongside their budget request for fiscal 2026, the Defense Department indicated in a newly released letter to Congress. The letter, addressed …
It’s not tariffs that are tanking the economy. It’s the sudden shut-off of deficit spending. A huge number of companies were surviving only at the government teat. — Uncle Milty’s Ghost (@his_eminence_j) March 14, 2025 Transports – new 52 week low. 👇🏼 pic.twitter.com/RC8B23NemV — Kalani o Māui (@MauiBoyMacro) March 13, 2025 Institutional selling has rarely …
by Mike Shedlock The share of spending by the top 10 percent keeps rising. Economy Increasingly Dependent on the Wealthy The Wall Street Journal reports The U.S. Economy Depends More Than Ever on Rich People Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. The top 10% …
Rand Paul’s amendment to slash at least $1.5 trillion went down in flames, 24-76, with these so-called Republicans joining the Democrats to keep the reckless spending spree alive. Voters won’t forget. 2026 is coming. Rand Paul's amendment to cut spending by at least $1.5 trillion was voted down 24-76 Of course every Democrat voted against …
Let's give Rand an ally in the senate! Vote Nate Morris! pic.twitter.com/fuIIuhJela — J.R.Franklin (@JRFranklin15) February 20, 2025
If this spending spree doesn’t get reined in fast, expect another year of missing receipts, bloated budgets, and zero consequences. DOGE finds nearly $40 billion in spending linked to government-issued credit cards The Department of Government Efficiency (DOGE) pledged on Tuesday to “simplify” the federal government’s credit card program after it cost taxpayers nearly $40 …
Sen. Rand Paul (R-Ky.) says he “won’t vote for” a reconciliation package that is not fully paid for with real spending cuts, he told Axios. Why it matters: A “no” from Paul would be an early reminder that even the Senate’s safer bet for a quick win isn’t a sure thing. The House is mired in debate over …
Rep. Raskin’s outburst against Elon Musk only highlights the extent to which the political elite will go to protect their corrupt interests. With a national debt spiraling out of control, Raskin’s defense of wasteful government programs is proof that he cares more about maintaining his power and profit than solving America’s financial crisis. As the …
To make America great again one thing we need to do is transition from an income-based tax system to a consumption-based tax system. Tariffs tax consumption. Since you get less of what you tax, tariffs reduce consumption. So, in the short run that means a severe U.S. recession. — Peter Schiff (@PeterSchiff) February 3, 2025 …
by confoundedinterest17 Wow. Money printing by The Federal Reserve went will after the Covid outbreak in early 2020. So did Federal spending. Unfortunately, politicians are addicted to Federal spending. And Senators like Chuck Schumer (D-NY) and Adam Schiff (D-CA) are trying to obstruct any spending cuts by Trump and his DOGE. Well, M1 Money printing …
Government spending is now half of the economy in most of the developed world…. pic.twitter.com/PoEfWCuf7X — The Long View (@HayekAndKeynes) January 15, 2025 Fiat currency isn’t just a tool for inflation – it’s a weapon for endless wars. Without it, governments couldn’t fund trillion-dollar conflicts without your consent. — GoldSilver HQ (@GoldSilverHQ) January 15, 2025 …
The U.S. economy is on a collision course with hyperinflation and a currency reset as reckless government spending spirals out of control. Discover why stagflation and hyperinflation are inevitable, what history teaches us about economic collapse, and how you can safeguard your wealth. Learn why physical assets like gold and silver are your best defense …
It’s more expensive than ever to rent. In fact, rents were unaffordable in 2024 for almost 25 million households in the United States, an all-time high, according to a report on America’s Rental Housing by the Joint Center for Housing Studies of Harvard University released this month. The most astonishing finding highlighted by analysts in …
The common prediction that the Federal Reserve will cut rates as a response to an economic downturn due to high interest rates misses a significant global economic factor: the widespread collapse of major currencies, driven by governments’ heavy spending to fend off recessions. This scenario complicates the traditional narrative of monetary policy response. Around the …
GOOD NEWS ALERT! Man who lost home in the Palisades Fire discovers his dog 'Oreo' is ALIVE after spending 5 nights in the rubblepic.twitter.com/iWr1rXJ41R — Breaking911 (@Breaking911) January 12, 2025 A lot of ppl weren’t home when the evacuation order was put in place in various areas. That had to be the worst feeling in …
Woke items: ‘Midnight Stroll Transgender Cafe’ https://www.foxnews.com/politics/la-county-cut-fire-budget-while-spending-heavily-dei-woke-items-midnight-stroll-transgender-cafe First, the LA fire department’s budget actually increased by more than 7% compared to the previous fiscal year: https://www.latimes.com/california/story/2025-01-10/how-much-did-the-l-a-fire-department-really-cut-its-budget Second, LA county has a budget of $49.2 billion for the 2024-2025 fiscal year (source). The amount allocated to the Gay Men’s Chorus of Los Angeles ($14,010), for instance, …
Lawmakers likely can’t count on yanking back some portions of 2021 infrastructure law spending to pay for tax cuts or other GOP priorities like border security as part of a forthcoming reconciliation bill, according to an analysis by the House Transportation Committee’s GOP staff. The memo, obtained by POLITICO, makes clear that scaling back the …
