Independent thinking for complex markets and current events
A new congressional report highlights the alarming economic toll of illegal immigration, estimating a burden ranging from $150 billion to $450 billion per year on taxpayers. This translates to approximately $13,000 for every individual migrant, with a mere 20 cents contributed for every dollar taken. The report attributes the fiscal strain to factors such as …
The scale of illegal immigration across the US southern border is staggering https://t.co/Sd4KaLpJaJ — Elon Musk (@elonmusk) November 1, 2023 https://twitter.com/PhilipSoos/status/1719479592002392365 Senator Kennedy dresses down senior Biden immigration official under testimony over border crisis— BRUTAL. pic.twitter.com/dqS0fi1x5w — Benny Johnson (@bennyjohnson) October 31, 2023 Those two might save the world from the woke mind virus…
by confoundedinterest17 To paraphrase AC/DC, the US is back in red. Let’s start with personal savings as a percentage of disposable income. It has been in the red (meaning very low) under Billions Biden. And The Fed is really in the red under Biden’s inflation rattling spending with losses leading to a surge in remittances. And …
Shorting large cap tech stocks has been a losing trade for over a decade. It's unlikely that changes without a shift in market sentiment. It may really be that a few stocks driving the market is the new normal. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October …
by PepeLives00 View post on imgur.com https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs Biden is celebrating the new jobs report showing 336,000, but when you actually break it down, it’s terrible: 70,000+ are Gov’t jobs 151,000 are part-time Full time jobs actually went *down* 22,000 If someone has 2 part-time jobs, Biden counts that as 2 new jobs DC Math! pic.twitter.com/Q1tnCrmbAG …
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 Production is DOWN -0.23% YoY while up slightly in MoM terms. As I said a …
This is fine: https://twitter.com/multi_finance/status/1683202109150494723 h/t Simian_Stacker
One in five Americans think they will never retire, according to a new poll. Some 20 percent of adults in the US fear they will never be able to retire – of them 70 percent said the reason was that they wouldn’t be able to afford it. The survey – by Axios and research group …
