PROOF Bank Crisis Still On Fire

Collapse of the USD in a single day erasing week’s worth of gains. More and more people are putting money into money-market-funds to get that 5.5% interest rate. Hopefully FDIC get more money from the banks. Liquidity continues to dry …

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July Jobs Report Disappoints! Only 187k Jobs Added, Wage Growth Of 4.4% Still Lower Than Core Inflation Rate Of 4.8%, Rent CPI (June) Is Still Roaring At 7.8% YoY (May and June Figures Revised Sharply Lower)

by confoundedinterest17 The Federal Reserve is watching July’s jobs report carefully. According to the Bureau of Labor Statistics (BLS), the US economy added 187k jobs in July, less than the expected 200k. US average hourly earnings continued at 4.4% year-over-year (YoY). However, …

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“The ultra wealthy have have never been richer & are still spending like crazy. You can thank rising stock markets & YOLO spending culture for that”.

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 …

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In June, folks earned a bit more in, spent more, causing PCE, excluding food and energy (the Fed’s barometer for if inflation is still growing) to jump up .2% for the month and 4.1% year-over-year. Still more than DOUBLE the Fed’s target of 2%!

by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even …

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Tucker Carlson Says He’s Still on the Payroll at Fox in New Biography: ‘They Agreed to Take Me off the Air, My Show Off the Air, as a Condition of the Dominion Settlement’

Tucker Carlson claims he was only given the axe from Fox to close negotiations surrounding the Dominion defamation lawsuit and ensure that Rupert Murdoch wouldn’t have to testify at trial. In a new biography, Tucker, which DailyMail.com obtained a copy …

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Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing and showing no signs of slowing!

by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in …

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The Mainstream Media Is Not Telling You the Truth About Inflation… ‘We’re Still in Terrible Shape,’ Economist Says After Inflation Report Release

  via YAHOO: Joe Biden’s race to embrace electric vehicles risks overwhelming US charging infrastructure and creating disastrous supply shortages, two of the world’s biggest carmakers have said. Toyota and Vauxhall owner Stellantis accused the President of being “overly optimistic” …

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Core Inflation Cools To 4.8% In June >2x Target, REAL Wage Growth Finally Goes Positive (1.2% YoY) While RENT Inflation Still Roaring At 8% YoY (Taylor Rule Now Implies A Fed Target Rate Of 10.42%)

by confoundedinterest17 As M2 Money growth has stalled, we are seeing inflation cool a bit. Core inflation YoY is now down to 4.8% (still >2x Fed target). The good news? REAL average hourly earnings YoY is finally positive for the …

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Bidenomics? US Bank Credit Growth Approaches Stall Speed (0.7% YoY) As M2 Money Growth Reverses Course, But Still Negative Growth At -4% YoY (Biden Contemplates Blocking The Sun To Prevent Global Warming!)

by confoundedinterest17 Bidenomics is based on massive Federal spending and massive Fed monetary stimulus. But like all stimulus, it wears off. Such is the case with bank lending as The Fed raises interest rates. US bank credit year-over-year (YoY) has …

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