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Another Lehman moment is coming, and people are still thinking we are heading for a soft landing

https://t.co/D5KGWmAADo — Win Smart, CFA (@WinfieldSmart) August 18, 2023 Evergrande, one of China’s real estate giants, just filed Chapter 15 bankruptcy. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. All while China just “unexpectedly” …

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They still dont know why this house exploded yesterday in PA

Expressing his condolences, Allegheny County Executive Rich Fitzgerald said this was “certainly a sad, sad day and a sad, sad time” for the community. He praised the support for Plum from surrounding communities: “It just shows what people in southwestern Pennsylvania do when there’s these types of incidents.” Imbarlina said …

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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 up even as the fed sells off treasuries and mortgage …

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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, the last core inflation reading was 4.8% YoY, so real …

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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 is authoring its own satire at this point. NBC News …

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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 if we leave out the usually volatile food and energy …

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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 of, Carlson says he ‘understands’ why Fox gave him the …

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And He Still Would Have Been Better Than Obama Or Biden…

Mitt Romney can’t even be normal talking about hot dogs. Why are so many politicians so super awkward? I just don’t get it. pic.twitter.com/kF0V1bFZL8 — Clay Travis (@ClayTravis) July 21, 2023 Still, this doesn’t inspire confidence: Sen. Mitt Romney one of lead negotiators on bill that determines U.S. response to a …

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Bidenomics? Existing Home Sales Crash -19% YoY In June, 23rd Straight Month Of Negative Growth (Median Price Falls To -1.16% YoY) Inventory For Sale STILL MIA

by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory for sale has vanished. The face of Bidenomics, code for …

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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 June. Rent increased by 0.5%, and owners’ equivalent rent (for …

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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” in his push for a rule that would require two …

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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 second time under Bidenomics. It is now 1.2% YoY. Too …

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Portland Still Full of Homeless Camps After Ban

by Chris Black Portland is a very liberal city which, up until recently, was extremely pro-homelessness, drug addiction, and general criminality. We’re seeing a trend now. A lot of this wacko… Continue reading by subscribing. Username Password Remember Me     Forgot Password

Jobs Friday! Only 209k Jobs Added In June, Avg Hourly Earnings Rises 4.4% YoY, Too Bad Core CPI YoY Still At 5.3%! (Silver UP Almost 2% This AM)

by confoundedinterest17 After yesterday’s surprise ADP jobs report, I was expecting a better June jobs report. But alas, today’s job report was a disappointment. Only 209k jobs were added in June. On the other hand, average hourly earnings YoY rose slightly to 4.4%. Too bad core inflation at the last reading …

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Consumers down to $533bn excess savings and still spending like rates are zero… ‘Don’t see a Recession? It’s Last Call at the bar’

“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 The remainder will wake up tomorrow with regrets https://t.co/jn65YPXxhk — …

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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 stalled to a lowly 0.7% rate as M2 Money growth …

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OCEAN GATE still offering paid Titanic submarine expedition trips, $250,000 per person!

via independent.co.uk: “The company that operated the doomed submersible that imploded in the depths of the Atlantic Ocean is still advertising expeditions to the Titanic wreckage on its website. Reports emerged last week that OceanGate Expeditions closed its doors indefinitely after its CEO Stockton Rush, British billionaire Hamish Harding, French …

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