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Living La Vida Biden! Fed Emergency Bank Bailout Facility Usage Hits New Record High (Regional Banks Still Suffering From Deposit Outflow) Bitcoin Above $30k, Gold/Silver Rise
by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) …
Living La Vida Biden! US Existing Home Sales DOWN -23.16% YoY In May As Fed Pauses And Prices Tumble Most Since 2011 (Inventory For Sale STILL Missing In Action)
by confoundedinterest17 Like a bad good news, bad news joke, the good news is that US existing home sales ROSE 0.2% in May. The bad news? Existing home sales are DOWN -23.16% on a year-over-year basis. And the median price …
New OCC bank derivatives report came out. Goldman Sachs is still not OK.
by laflammaster 56 trillion dollars in derivatives backed by half a trillion in assets. 1:100 leverage has to be ok right?
Bidenomics! Industrial Production Unexpectedly Heads Lower In May, Still Signaling Stagnation (Joe’s Pacific Coast To Indian Ocean Railroad Hasn’t Kicked In Yet)
by confoundedinterest17 I wonder if Biden’s proposed railroad from the Pacific to the Indian Ocean will generate massive industrial production growth? Is this more Bidenomics?? Industrial production unexpectedly dips in May. It peaked eight months ago. On a year-over-year basis, …
Biden’s Mortgage Market! Mortgage Demand Rises 7.2% In Latest MBA Mortgage Application Print, But Still Purchase Demand Still Down 27% YoY And Refi Demand Down 41% YoY
by confoundedinterest17 The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …
Bidenville! US Inflation Cools To 2x Target In May, 26 Straight Months Of Negative Weekly Wage Growth (Core Inflation Still At 5.3% YoY, Yet Fed Will Pause Rate Hikes)
by confoundedinterest17 Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and …
Regulators STILL allowing toxic BIOSLUDGE to be dumped all over food crops, polluting them with PFAS “forever chemicals”
via naturalnews: The great state of Maine is the first and only state in the United States to ban the spread of toxic biosludge on farms, but there are still many other states where the poisonous compounds are being dumped indiscriminately all …
Recession cancelled. People are still spending money like it grows on trees
by 36Taylor36 I live in western ny and just visited my sister camping in a rural poor area and its $75 a day to camp there (normal price is like $45) and the sites were packed almost full. People somehow …
How do these central bankers still have their jobs after endlessly getting it wrong on inflation and the economy?
https://twitter.com/NorthmanTrader/status/1666781333668913152?cxt=HHwWgICz-deyzKEuAAAA Janet Yellen, with one of the worst records ever of making predictions … now says this. pic.twitter.com/uv82aT3fgz — Wall Street Mav (@WallStreetMav) June 8, 2023 h/t Simian_Stacker
May Jobs Report Adds 339k Jobs, But Unemployment Rate Rises To 3.7% (Avg Hourly Earnings Cool To 4.3% YoY, Too Bad Core Inflation Still Sizzling At 5.5%)
by confoundedinterest17 The May jobs report is out and, under normal circumstances, would led The Fed to raise rates. But these are not normal times, my friends. The US economy (allegedly) added 339k jobs in May. That is the good news. The not-so-good news? …
‘We are in the fight of our lives and half the world is still in denial.’
Important speech please please please please listen. This isn’t conspiracy it is serious. Really fucking serious. pic.twitter.com/yEupyXXSaC — Concerned Citizen (@BGatesIsaPyscho) June 1, 2023 I am making a prediction. Our own government is going to blow up the power grid …
Fed pivoting their balance sheet strategy while inflation is still 6% year-over-year
“We need to keep raising rates until something breaks and inflation eases” <Something breaks> “Wait wait no, not that thing.” It’s very important that inflation is brought into check by poor people losing their jobs. Not rich people losing their deposits. NEW …