Independent thinking for complex markets and current events
BREAKING: U.S. government launches investigation into $9 trillion asset manager BlackRock Does this mean its about to slide Ref: https://www.wsj.com/articles/blackrock-msci-face-congressional-probes-for-facilitating-china-investments-2147ce2c
by confoundedinterest17 Inflation under Biden has been very painful for the US middle class and low wage workers. That inflation has resulted to surging mortgage rates thanks to The Fed’s counterattack. The result? Mortgage rates are up 134% under Bidenomics, while mortgage purchase demand is down -45% since Biden was selected. And mortgage refinancing demand …
via naturalnews: House Republicans have authored a new bill that would grant Americans the right to sue federal employees caught aiding or abetting the suppression of free speech online. Known as the Censorship Accountability Act, the legislation aims to take down what has come to be known as the Censorship Industrial Complex, a collusive anti-First Amendment …
by confoundedinterest17 President Jimmy Carter is usually the bar for terrible Presidents. Under Carter, the US experienced economic stagnation and soaring inflation. At least it led to the election of Ronald Regan! So, Biden’s much mentioned Bidenomics have produced REAL MEDIAN WEEKLY EARNINGS FOR MEN that is currently below 1979 levels under Jimmy Carter. Even …
Burisma Pressured Hunter to Enlist U.S. Government to Help Oust Ukrainian Prosecutor-General Viktor Shokin . . . WASHINGTON —Former Hunter Biden business partner Devon Archer told the House Oversight Committee Monday about President Biden’s role in his son’s foreign dealings — detailing about two dozen encounters as Republicans in Congress move closer to launching an …
by confoundedinterest17 Joe Biden said that Republicans will impeach him in the House of Representatives since inflation is coming down. Huh? No Joe, it is because your are the most corrupt President in history, a compulsive liar and your economic policies are pure World Economic Forum mandates (open borders, Central Bank Digital currency, green energy, …
In recent news, the increased weapon purchases by the Internal Revenue Service (IRS) have raised concerns on Capitol Hill. Rep. Stephanie Bice, R-Okla., expressed her unease in a letter to IRS Commissioner Daniel Werfel. Rep. Bice highlighted the the agency’s significant weaponry and tactical gear spending, an unusual move for a civilian agency dedicated to …
by confoundedinterest17 I love orange juice! Unfortnately, as a diabetic, OJ is off limits. So I have to watch others drink one of my favorite beverages. But like everything else under Bidenomics, orange juice is far more expensive. Orange juice futures, the subject of the comedy “Trading Places,” are up 192% under Biden’s Reign of (Economic) Error. …
by confoundedinterest17 The Case-Shiller home price numbers are out for May. The national home price index is down -0.46% YoY as The Fed slows M2 Money growth into negative growth territory. No doubt Biden (and Karine Jean-Pierre) will take credit for slowing home price growth, although The Federal Reserve slowing monetary stimulus is mostly responsible. …
by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To show up how messed up this is, the EU’s defense budget (remember Ukraine?) is far …
Perhaps the single biggest legislative fight this year has been over federal spending. There’s a good reason for that: The national debt is now an eye-popping $32.5 trillion (roughly $250,000 per household), and out-of-control deficit spending is one of the main reasons why families are struggling with inflation . In May, Congress passed a bipartisan …
by confoundedinterest17 Jared Bernstein was VP Joe Biden’s former Chief Economist and is now chair of the United States Council of Economic Advisers. Pretty impressive! Except that Bernstein is not really an economist. He has a PhD in social welfare from Columbia University. In other words, Bernstein is a Progressive Marxist cheerleader, not a real …
by confoundedinterest17 I have never seen anything like this. The US Treasury 10Y-2Y yield curve is deep in inversion and has had a negative slope for 265 straight days. Bidenomics is born under a bad sign! On the commodities front, heating oil is up almost 2% this morning and nickel (an important element in Biden’s green …
WASHINGTON (AP) — Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced Thursday by the Biden administration. A rule proposed by the Interior Department raises royalty rates for oil drilling by more than one-third, …
11 million Canadians are eligible for a grocery rebate (about 1 week of groceries) if your income is under $38,000 38 million people live in Canada … So about 30% of Canadians live in poverty … 🔥🔥🔥 🔊 pic.twitter.com/MhCEnSvsyq — Wall Street Mav (@WallStreetMav) July 16, 2023
by confoundedinterest17 So far, President Biden has drained almost 50% of the Strategic Petroleum Reserve (SPR) under his Reign of Error. And regular gasoline prices are up 48% since Biden assumed the Presidency on Jan 20, 2021. We have massive caverns for oil storage that are sitting empty. Then we have the US Dollar, down -12.5% …
by confoundedinterest17 Yes, one of the cornerstones of Bidenomics is the massive expansion of (impractical) electric vehicles (or EVs). You know, those mondo expensive cars that run out of power after a couple of hundred miles requiring a lengthy recharge (kind of makes long distance trips the domain of Internal Combustion Engine (ICE) cars. But …
Ask the DOJ why they removed these sections. https://t.co/r2BLiuuNGu — Tired of being politically correct (@USBornNRaised) July 11, 2023
BREAKING: FBI Director Wray confirms that Joe Biden is under federal investigation for Ukrainian bribes. 😱 pic.twitter.com/SZwpwTEMXL — Ryan Fournier (@RyanAFournier) July 12, 2023 🚨BREAKING: FBI Director Wray confirms Joe Biden is under criminal investigation for Ukrainian bribes by the US Attorney in Delaware then tries to backpedal after realizing what he disclosed How is …
by confoundedinterest17 As Bidenomics (why Biden would brag about massive inflation in energy, food and shelter is beyond me), lurches forward, we have another shred of lousy economic news: US mortgage purchase demand fell -19% from the previous week and is how down -53% under Bidenomics). Mortgage applications increased 0.9 percent from one week earlier, …
by confoundedinterest17 I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today. The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) to -91.166 basis points as the turnaround in M2 Money growth has stalled. Bankrate’s 30Y …
HOUSTON – A commercial fire continues to blaze in Humble as multiple agencies work to put it out early Tuesday morning. Humble Fire Department responded to reports of a fire at a plastics manufacturer around 1:15 a.m. at 1731 Treble Drive. Officials say they found a large fire with exposures. https://www.fox26houston.com/news/humble-fire-large-fire-at-plastics-manufacturer-multiple-agencies-on-scene
California’s Unemployment Insurance (UI) Trust Fund that pays out state benefits is now “structurally insolvent,” according to a recent report. The Legislative Analyst’s Office noted the debt crisis involving the California Employment Development Department’s (EDD) UI trust fund on July 7. The state report was released following last week’s “May Fund Forecast” report by the …
If you thought Central Bank Digital Currency (CBDC) plans sounded dystopian, just wait to read the new “unified ledger” agenda released by the Bank for International Settlements (BIS, known as the “bank of central banks”). The plan, found at this link on BIS.org, is entitled, “Blueprint for the future monetary system: improving the old, enabling …
by confoundedinterest17 Livin’ la vida Biden! The Biden Administration has got a line on you! Unfortunately that line is choking America’s middle class and low wages workers with inflation and rising interest rates. Auto loan rates are now up to 7.65%, a gut-wrenching 166% increase under Bidenomics. Average monthly payments also reached a new record of …
by confoundedinterest17 What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to …
by confoundedinterest17 Joe Biden, or “Blow Biden” after the cocaine was discovered in the White House the other day, owns the abysmal mortgage and housing market thanks to The Fed fighting inflation caused by Bidenomics (massive Federal spending and massive Fed stimulus). Mortgage applications decreased 4.4 percent from one week earlier, according to data from …
The Albanese government’s new laws to prevent the spread of ‘misinformation’ could see individuals hauled before a watchdog empowered to issue millions in fines. While the laws are targeted at social media giants such as Facebook and Twitter, it is unclear if the proposed legislation would allow the Australian Communications and Media Authority (ACMA) to …
Going back decades now Defense budgets have not been accounted for, and the common man shrugs at it. How sad we worry about a drug user and some paintings but not your billions into trillions of dollars missing. Yet Americans are patriots? Worrying about the important problems in their country. Let’s continue to worry about …
