Independent thinking for complex markets and current events
by confoundedinterest17 To paraphrase AC/DC, the US is back in red. Let’s start with personal savings as a percentage of disposable income. It has been in the red (meaning very low) under Billions Biden. And The Fed is really in the red under Biden’s inflation rattling spending with losses leading to a surge in remittances. And …
As Sam Bankman-Fried took the stand on Thursday, a crowded galley of onlookers saw firsthand why defendants typically do not testify at their own criminal trials, with prosecutors eviscerating the disgraced crypto founder during an hours-long cross-examination without jurors present. Bankman-Fried’s lawyers first indicated at a teleconference call on Wednesday that their client would testify …
by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% in August 2023, with all four regions of the U.S. posting month-over-month and year-over-year declines …
https://twitter.com/_/status/1716257356240056767 https://twitter.com/_/status/1716257357863268494 https://twitter.com/_/status/1716366305991811551 The US DS has redirected the movement of the USS Dwight D. Eisenhower Carrier Strike Group (CSG) to the Central Command area (broader Middle East), while also activating the deployment of a THAAD battery as well as Patriot battalions to locations throughout the region pic.twitter.com/QxJYnPpuRl — TheRealLaine (@thereallaine) October 22, 2023 USS …
by Michael Right now, we are all witnessing some of the most pivotal moments in all of human history. For a long time, I warned my readers that a great war would be coming to the Middle East. In fact, I specifically warned that it would be one of “the 3 wars of the apocalypse”. I didn’t …
by confoundedinterest17 Housing in the US is simply unaffordable! Under Bidenomics, home prices are up 30% while real weekly earnings growth has been negative for most of Biden’s Presidency. And mortgage rates are up 178% under Bidenomics. Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for …
Al Manar: 5 Israeli soldiers injured, 1 seriously, as a anti-tank missile was fired at Shtula settlement at Lebanon border. pic.twitter.com/0OdLB2ubbn — Iran Observer (@IranObserver0) October 15, 2023 Hezbollah has now taken Responsibility for the Anti-Tank Guided Missile Attack on the Town of Shtula near the Border with Lebanon which resulted in the Death of …
🚨JUST IN: The Israelian Army declares the West Bank a closed military zone pic.twitter.com/U6QZCNoz58 — Mario Nawfal (@MarioNawfal) October 13, 2023 https://twitter.com/Elijahwasike/status/1712846658076074388
by confoundedinterest17 Paul Krugman, Nobel Laureate in economics and media celebrity, made a terrible claim yesterday when he pronounced that “The war on inflation is over. We won, at very little cost.” Krugman’s proclamation was trumpeted by The View’s Joy Behar Joy who claimed that everything is going great in the country! The economy is …
Gen-Z shoppers think using cash doesn’t count as spending, that anything under $5 is effectively FREE and that riding a $400 bike 400 times means it only costs a dollar The new phenomena of ‘girl’ and ‘boy’ math is taking TikTok by storm as Gen Z shoppers bizarrely claim using cash doesn’t count as spending …
Got to be one of the neighbors. Thieving bastards. Can’t believe they stole a Amazon package like this pic.twitter.com/9jr3JL0Vgx — Wild content (@Nocapmedia) October 12, 2023 h/t Dogsbollocks
Facebook is under SEC investigation for fake accounts byu/thinkcomp inwallstreetbets
by confoundedinterest17 Joe Biden, who has always been a compulsive liar but at least sounded cognicent, is now babbling and whispering that Bidenomics works. But for who? Clearly not for first time homebuyers or people looking to move. Bankrate’s 30-year mortgage rate is up to almost 8%, the highest since July 2000 and Willy Slick …
Biden’s economic blunders sending America into a tailspin: Recession fears, skyrocketing inflation, and a sleepy president ignoring it all while you struggle to afford gas and groceries.
Within the last hour so, Missiles hit central and southern Israel. No warning, there is damage. Looks like they went all out with a huge launch. https://twitter.com/_/status/1710506780076151268 Wow. #redalert pic.twitter.com/Y2EsSQTkSh — Dr Brian of London 🇮🇱 (@brianoflondon) October 7, 2023 A rocket fired from Gaza has struck a residential area in Israel. pic.twitter.com/mHODxDVCHu — Joe …
by Martin Armstrong America has been invaded; no one is safe. The media has stifled reports that groups of migrants are targeting upscale residents and burglarizing homes. Biden provided these people with entry under the Visa Waiver Program. These people are trained and committing these crimes on behalf of their respective gangs. Oakland County Sheriff …
‘Statement from President Joe Biden on Passage of the Bipartisan Bill to Keep the Government Open While the Speaker and the overwhelming majority of Congress have been steadfast in their support for Ukraine, there is no new funding in this agreement to continue that support. We cannot under any circumstances allow American support for Ukraine …
Send your sons and daughters to die for the big guy. Why are we being dragged into this with no public discussion, especially when the government seems determined to wind down our armed forces, and when the navy is unable/unwilling to protect our coast. https://t.co/dNXWr5V0Fe — Rush (@exRAF_Al) September 30, 2023 U.K. is more thirsty …
by confoundedinterest17 Freddie Mac’s mortgage rate is up to 7.31%, the highest level since December 2000. That means that mortgage rates are up 69% under Biden. That is in spite of $2.5 TRILLION in agency MBS being held on The Fed’s balance sheet. As the 10-year Treasury yield is up to 4.67%.
by confoundedinterest17 The US housing market is slippin’ into darkness under Bidenomics. With existing home sales at their lowest since 2010 and new home sales finally hitting the wall, pending home sales were expected to decline MoM in August after an uptick in July (amid soaring mortgage rates and plunging affordability) and they did…hugely. Pending home …
by Simon Black There’s something pleasantly reassuring about mathematics: We shouldn’t have any doubts about the fact that 2 + 2 = 4. Yet over the past few years, we’ve started seeing the most absurd assaults on basic science and mathematics. The most hard-core fanatics now assert, with a straight face, that it’s racist to …
https://twitter.com/WhaleWire/status/1706144353545081040?ref_src=twsrc%5Etfw h/t Tonight We Ride!
The earmarks Adam Schiff delivered for donors The Democratic congressman for years secured earmarks for defense companies while taking campaign donations from top corporate brass and Washington lobbyists. Adam Schiff is unapologetically touting his commitment to earmarks for local causes — like homelessness and drug treatment programs — as he seeks the Senate seat long …
‘Rumble, the free-speech video hosting website could be banned in the UK under new online safety laws. Experts have said that Rumble, which hosts Russell Brand, could be blocked in the UK because of the Online Safety Bill which has passed the houses of parliament and is now awaiting royal assent. According to The Times: …
The criminal case against Raquel López Aguilar — an undocumented father of two from the state of Chiapas living in Tampa and working as a roofer — is the first case in which a Mexican national has been charged under a new Florida law targeting people who drive undocumented migrants into the state. At the …
THAT’S CERTAINLY THE GOAL: Voters: Biden’s America becoming a ‘police state.’ Nearly three-quarters of voters believe that America is “becoming” a police state under President Joe Biden, whose administration has invested heavily in investigations of Republican politicians and political challengers. According to the latest Rasmussen Reports survey, 72% said that they are concerned that “America …
via chron: Plano resident Tony Federico bought his Tesla five years ago in part because he hated spending lots of money on gas. But that financial calculus will change slightly on Sept. 1, when Texas will start charging electric vehicle drivers an additional fee of $200 each year. “It just seems like it’s arbitrary, with …
by confoundedinterest17 Bidenomics, the economic gift to big donors and a boot up the backside of middle class and low wage workers, keeps on giving. Now its homebuilder sentiment falling to 45. U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in …
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 …
via Mike Shedlock: Lost in the debate over what evidence exists against president Biden is the fact that team Biden is busy sweeping evidence under the rug, is caught in lies, and the media is complicit in all of it. “No Evidence” comic by Mish. Questions About Biden Are Real Even if Trump Asks Them …