Independent thinking for complex markets and current events
The Internal Revenue Service plans to hire thousands of new workers as part of its sweeping plan to crack down on potential tax violations by wealthy Americans. The tax-collecting agency announced Friday that it plans to fill more than 3,700 openings nationwide to “help with expanded enforcement work focusing on complex partnerships and large corporations.” …
via townhall: “As it turns out, the Biden White House relied on foreign “disinfo” activists to pressure Facebook to censor Americans. Worse, it turns out the group supposedly targeting disinformation had their facts wrong. Facebook knew it, too.” Those “independent” activists are just a smokescreen for laundering hit jobs. And yeah, I know that’s a …
https://www.youtube.com/watch?v=-c7EKqC-Krg Target’s products are going to get more expensive this fall. The company’s CEO is warning about tougher conditions for shoppers and also raising the alarm about the state of the U.S. economy. The retailer is one of the biggest general merchandise companies in America, and its household goods, groceries, and clothing are about to …
Authored by Charles Hugh-Smith via oftwominds, In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows. September 1, 2025: The Federal Reserve announced that the nation’s inflation rate has finally reached its target of 3%, after seasonal and hedonic adjustments. “The brief period of modestly higher …
California council member, Kalimah Priforce, himself fell victim to a crime while he engaged in conversation with local shopkeepers regarding the safety in the area. He subsequently reported it to the police. According to Fox News, during his visit to the business owners in Emeryville, California on Monday, Priforce had his wallet and keys stolen …
via Mike Shedlock: Fed Chair Jerome Powell delivered a message today at the annual Jackson Hole meeting. Powell reiterated the Fed’s commitment to a 2 percent target. Inflation: Progress and the Path Ahead Please consider snips from Inflation: Progress and the Path Ahead by Jerome Powell at Jackson Hole, Wyoming. emphasis mine. Today I will review our …
Car owners who travel with portable devices should make sure they never leave their electronics behind or else they’ll risk the chance of a vehicle break-in, police say. The Livermore Police Department in California issued a public safety announcement this month to alert residents that thieves in the San Francisco Bay Area are using cellphones …
by Chris Black Maybe it’s just me, but I think black people in the US don’t really understand the concept of stores, or the concept of ownership, i.e. they don’t understand that if someone owns something, it means they did something to acquire ownership. On a broader level, they lack a basic understanding of the …
https://t.co/PdGrwxyHOu — Stephen Miller (@StephenM) August 8, 2023
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 prices (like the Fed does …
by confoundedinterest17 Will this be the last time for a Fed rate hike? Today, The Fed raised their target rate to 5.50%, up 525 basis points from 0.25% on 3/15/2022. That is one big rise in rates over a short period of time. Will they stop with one rate hike? If The Fed Funds Futures …
Of all the biggest retailers in America, Target is the one reporting the worst performance right now, fresh data shows. Even its top executives admit that the chain has alarming problems, and those are having a disastrous impact on the retailer’s bottom line. Target has dealt with an unprecedented 90% drop in profits in the …
by Chris Black This guy tries to buy a bike but doesn’t understand that self check-out doesn’t take cash, Target employees call the cops on him and he’s arrested. This is comically evil if you ask me. A man gets arrested for trying to buy bike at Target! The APD police officer is fired for …
BREAKING: Trump says special counsel told him he's a target in January 6th probe pic.twitter.com/lZsvvj0kzr — Insider Paper (@TheInsiderPaper) July 18, 2023 🚨BREAKING: President Trump announces he has received a letter from the DOJ signaling he will be arrested and indicted for January 6th Yes, the same J6 where national guard troops were rejected by …
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 bad rent CPI, typically the …
via naturalnews: The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, the recent boycott causing profits to plummet and the ongoing threat from shoplifting and other organized retail crime incidents. (Related: Target on pace to lose $1.2 billion in profits …
by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it was “transitory.” Looks pretty permanent to me! The Federal Reserve’s preferred measures of US inflation …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on …
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 Ukraine to influence American poliicies). Not only is Biden an attrocious human being, but his …
NoBoDy iS AbOvE tHE LaW 😵💫 Notice how everybody else gets away with the same thing done to a greater degree The target is any nail standing tall who hasn’t been hammered into submission yet Innocent? Indict first, then find a process crime The process is ALWAYS the punishment — James O'Keefe (@JamesOKeefeIII) June 10, …
via aflegal.org: WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost the corporation over $12 …
via naturalnews: Once again, USA Today, the far-left rag that claims to be so ‘neutral’ in its reporting, has been caught outright lying to its readers. The paper reported last week that Target stores in some locations were being inundated with threats, including bomb threats over LGBTQ “Pride month” displays of clothing and other merchandise specifically aimed at …
