Michael A. Arouet: ‘It would be naive to assume that nothing will burst this time…’

With each round debt/GDP ratio is higher — Michael A. Arouet (@MichaelAArouet) October 9, 2023 And just like that starting with next quarter earnings should grow double digits. Is it always next quarter? pic.twitter.com/X19PIjuSiE — Michael A. Arouet (@MichaelAArouet) October 10, 2023 Never forget children, this time it’s different. Via @acemaxx pic.twitter.com/aU1xdV57gi — Michael A. …

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We are Now Through Fiscal Year 2023 and It Is Time to Sum Up the Illegal Immigration Figures for the Year

by Chris Black Border Patrol, CBP and other assorted agencies have encountered a staggering 3.1 million people at the southern border (https://www.fairus.org/legislation/biden-immigration-border-policy/border-security/cbp-posts-record-number-border) of the United States through fiscal year 2023. People are crossing from all over the globe. (https://www.pbs.org/newshour/politics/smugglers-are-steering-migrants-into-the-hot-arizona-desert-posing-new-border-patrol-challenges). Chinese, Pakistanis, Bangladeshis, Haitians and of course throngs of South and Central Americans. 62.6% of those …

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Inflation Alert! Fed Governor Michelle Bowman: “Inflation continues to be too high, and I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time”

Bowman calls out she is in the rates higher for longer camp while leaving room to continue raising rates. She calls out the PCE index rising but fails to mention that it was being undercounted previously and is actually HIGHER going back the last two years and registered at 3.5% in August, still WELL above the 2% …

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BREAKING: Rep. Matt Gaetz to McCarthy: “You’ve been working for Democrats the entire time. And blocking the subpoena to Hunter Biden.”

I kept government open so the families of our troops and border agents could get paid. If a handful of Republicans side with Democrats to remove me for that—it's a fight worth having. pic.twitter.com/BBz8yuC0ez — Kevin McCarthy (@SpeakerMcCarthy) October 3, 2023 You’ve been working for the Democrats the entire time. Debt LimitCR And you’re blocking …

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Elon Musk: “At the risk of stating the obvious, I don’t know what’s going on with every part of this platform all the time, but our policy worldwide is to fight for maximum freedom of speech under the law.”

At the risk of stating the obvious, I don’t know what’s going on with every part of this platform all the time, but our policy worldwide is to fight for maximum freedom of speech under the law. Anyone working for X Corp who does not operate according to this principle will be… https://t.co/9gkIOnF8hu — Elon …

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Desperate For War: For The First Time, Joe Biden Approves Direct US Military Aid To Taiwan

The Biden administration has approved funding for the first-ever transfer of US military equipment to Taiwan under a program typically saved for sovereign nations, according to a notification sent to Congress on Tuesday. The package – which is part of the State Department’s foreign military financing (FMF) program – totals $80 million and will be …

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They are not saving the financial system; they are buying banks time.

They aren't saving the financial system. They're buying the banks time to unload their positions. https://t.co/VJwzpZ471r pic.twitter.com/M3nl4eQEuB — Financelot (@FinanceLancelot) March 28, 2023 ‘Current unrealized losses in the US banking system is -$1.8 trillion out of only $2.2 trillion capital With corporate taxes due Sep 15 & possible gov shutdown Oct 2, the general public …

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Energy bills to remain ‘volatile’ for some time, warns Ofgem boss as seven million Brits face paying MORE this winter with most vulnerable put in desperate situation of choosing between ‘heating or living’

Energy bills for Britons will remain ‘volatile for some time to come’, regulator Ofgem warned today as it confirmed the price cap will fall after wholesale costs dropped. The cap will drop from an average of £2,074 per year to £1,923, but campaigners said bills remained unaffordable amid calls for an ‘urgent reboot’ of the …

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“These vulnerabilities will remain for some time.” Fitch Ratings lowered the operating environment score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening & gaps in in the regulatory framework.

by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in the regulatory framework. The lowering of the OE score did not negatively affect the ratings …

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America-Last: Bribery Biden Offers Maui Fire Survivors Measly $700 ‘One Time’ Payment Same Day $200 Million Announced for Ukraine Nazis

If Republicans are actually serious about overthrowing President Joe Biden in the 2024 general election, perhaps they should spend less time bickering among themselves and spend more time paying attention to the octogenarian-in-chief himself, because he’s doing a bang-up job writing the GOP sales pitch for them. While some may (rightfully) feel that both Joe …

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“DeSantis Campaign slapped with a VIOLATION letter from the FEC”, Laura Loomer: “DeSantis could be facing jail time”

Looks like @RonDeSantis could be facing jail time for his FEC violations that I have exclusively reported on this morning. I obtained a copy of the letter sent to @TeamDeSantis by the FEC, notifying DeSantis’s campaign that they are in violation of federal campaign finance laws.… https://t.co/odkpfpBXYc — Laura Loomer (@LauraLoomer) August 11, 2023 JUST …

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New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking…

by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including refinances, were at $393 billion, up by $70 billion from Q1. Auto Loans: Increased by $20 …

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European Central Bank raises rates for 9th time, a 23-year high. Business credit conditions in the EU at 2008 levels

The European Central Bank just raised rates for the 9th consecutive time Inflation in Europe is still 5.5% Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 Business credit conditions in the EU at 2008 levels ⚠️ pic.twitter.com/uH6x9eiT1E — Longview Economics (@Lvieweconomics) July 27, 2023 Home …

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Eurozone M2 money growth negative for first time; European banks flag bad loan risks

  OOPS! #Eurozone M2 money growth turned NEGATIVE for the first time in Eurozone history, in a promising sign for #inflation. M2 growth revised to -0.1% in May from initially +0.3%, and falls deeper into negative territory in June to -0.5%. pic.twitter.com/DSvBFl0Jz4 — Holger Zschaepitz (@Schuldensuehner) July 26, 2023 As the Global Economy Falters, European …

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For the FIRST TIME, the yuan, used in 49% of China’s cross-border transactions last quarter, outpaced the dollar…

The yuan was used in 49% of China's cross-border transactions last quarter, topping the dollar for the first time This is huge news Many continue to be in denial The worlds second-largest economy has the dollar in its cross hairs and is stockpiling gold Enjoy the wild ride — Gold Telegraph ⚡ (@GoldTelegraph_) July 25, …

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Don’t expect it to work. It didn’t last time.

Bulls, praying is your new investment strategy. Don't expect it to work. It didn't last time. pic.twitter.com/Dd0IbbeUBD — Mac10 (@SuburbanDrone) July 18, 2023 Tomorrow, Tesla and Netflix kick off Tech earnings which carry over into next week – along with the FOMC next week as well. Bulls are betting those two events will be the …

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S&P 7 up 58%, S&P 493 down 4%. AI hype and technology stocks dominate market… who gets out this time?

Companies are increasingly mentioning "AI" on their earnings calls. Nvidia, $NVDA, mentioned it 83 times on their most recent call. This earnings season should be extremely interesting, to say the least. Follow us @KobeissiLetter for real time analysis as we track this. pic.twitter.com/fjuk5a9wUm — The Kobeissi Letter (@KobeissiLetter) July 18, 2023 Bulls, who gets out …

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Northwest Territory hits 100* for first time… Phoenix could see 18 straight days above 110*…

Blistering temperatures reached unheard-of northerly latitudes in Canada over the weekend amid dangerously hot and dry conditions, lightning storms and new blazes that intensified the country’s historically severe fire season. The temperature soared as high as 100 degrees in the Northwest Territories on Saturday, the hottest temperature ever measured north of 65 degrees latitude in …

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Federal Reserve Alert! Delivery Delay for FedPayments Reporter Reports July 06, 2023 11:27 AM Eastern Time. Affected Areas: FedACH

by Dismal-Jellyfish TLDRS: FedACH, operated by the Federal Reserve, is the primary Automated Clearing House (ACH) service provider in the United States. ACH transactions include direct deposits of payroll, Social Security and other government benefits, tax refunds, and many other types of payment. Since FedACH services are affected, several impacts could occur: Transaction Delays: The …

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