while
The US stock market now accounts for a massive ~45% of global market cap, while hard assets hit lows not seen since 1925!
The top 10% of S&P 500 stocks now account for 75% of the index's market cap. This is an even higher percentage than the peak of the Dot-com bubble. Big stocks are getting even bigger in the new AI-based world. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) …
Former Washington high school teacher avoids jail time after having sex with student, 17, while husband was on hunting trip
A former married high school teacher convicted of having sex with an underage student won’t face any jail time despite her victim’s mother claiming the educator’s “predatory actions” stripped the student of his dreams. McKenna Kindred, 25, who taught at Central Valley High School in Spokane Valley, Wash., pleaded guilty Thursday to amended charges of …
American Youtube star kidnapped in Haiti while trying to meet gang leader Barbecue.
Social media star YourFellowArab has been taken hostage in Haiti by one of the gangs who have become de-facto leaders in the midst of the violence that has ravaged the Caribbean island. YourFellowArab, whose real name is Addison Pierre Maalouf, was on the island to interview the man known popularly as Jimmy ‘Barbecue’ Cerisier, the …
Four living presidents are in NYC: Three attend a fundraising event, while one mourns at an NYPD officer’s wake.
Today 4 living presidents are in NYC. 3 are going to a fundraising event with Stephen Colbert and Lizzo. 1 is at a wake for a slain NYPD Officer. Speaks Volumes pic.twitter.com/mqPiColwJV — Benny Johnson (@bennyjohnson) March 28, 2024 Donald Trump’s remarks at the wake of slain NYPD officer Jonathan Diller pic.twitter.com/DzkLFlllqP — Benny Johnson …
: Gross Domestic income is negative while “Real” GDP is not sustainable as deficit across $3 Trillion this year.
🇺🇸 US Real Gross Domestic Income -0.1% YoY. In #recession territory with a perfect track record! H/t: @GameofTrades_ pic.twitter.com/WUyY6GN0vR — Alex Joosten (@joosteninvestor) February 23, 2024 My point exactly. Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled. Has …
School Board abruptly ends Meeting while Student asks for their Resignations for Allowing Boys In Girls Bathroom
A Young Man in Clarkstown Central School District in Rockland County, New York, Confronts His School board Over Policies Allowing Boys In Girls Bathroom. “The School already Has Gender Neutral Bathroom”
Bruce Jenner endorses Nassau County’s transgender athlete ban – ‘Stop it now while we can’
Olympic gold medalist Caitlyn Jenner is backing a New York county’s effort to ban transgender athletes from competing against biological women, arguing that doing so will protect competition in female sports. “You have to compete in the biological sex that you were born. This is critical to protecting the integrity of competition in women’s sports,” …
Mother leaves 16 month old at home alone while she goes on 10 day vacation sentenced to life in prison
An Ohio woman whose toddler died after she left her alone for more than a week while she went on vacation was sentenced to life in prison without parole Monday, the Cuyahoga County prosecutor said. Kristel Candelario, 32, pleaded guilty in February to aggravated murder and endangering children in connection with the death of her …
Report: Google helped boost Obama, Clinton while censoring Republicans
Google has been putting its thumb on the scale to help Democratic candidates win the presidency in the last four election cycles during which it censored Republicans, according to a right-leaning media watchdog. The Media Research Center published a report alleging 41 instances of “election interference” by the search engine since 2008. The MRC published …
The Banks Are Now Collapsing, While The FED Money Dries Up!
In recent years, the financial stability once taken for granted has begun to crumble, revealing the underlying vulnerabilities of global banking systems. The once robust and seemingly impenetrable banks are now showing signs of distress, with balance sheets weakening and confidence waning. As prominent banks succumb to the weight of their own vulnerabilities, the Federal …
Biden tells Americans trapped in Haiti “Tough luck, we warned you.” while arranging airlifts for Haitian refugees to the US.
Biden tells Americans trapped in Haiti ‘Tough luck, we warned you.’ 🤣 pic.twitter.com/uKxZolxzBb — @amuse (@amuse) March 15, 2024 Haitians like this: https://t.co/I8XYi9LpNO — @amuse (@amuse) March 15, 2024 Biden’s callous remark to stranded Americans in Haiti, “Tough luck, we warned you,” is utterly unacceptable. Prioritizing airlifts for Haitian refugees while neglecting our own citizens …
For those curious about the Reddit IPO offer, While the price not set yet, you can purchase 1-1000 shares.
https://www.reddit.com/r/wallstreetbets/comments/1bc4a6w/for_those_curious_about_the_reddit_ipo_offer/ h/t eurostylin
Citizens borrow for rent while Congress sends $100 billion abroad.
"We're borrowing money to pay our rent as citizens in our own country" "And we're sending $100 billion to another country" "Under what world is that a good idea?" "It's a terrible idea" "There's a danger of destroying the US dollar and destroying our country" "How much money… pic.twitter.com/DOWQMJmud7 — Wall Street Mav (@WallStreetMav) March …
Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion
by confoundedinterest17 In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending and jump in Federal debt. Federal debt under Biden started at $27.7 trillion and is …
Bidenomics At Work … For The 1%! 1.3 Million Immigrant Jobs Added In Feb While Native Jobs Dropped By -420k Jobs (Unemployment Rate Highest, Wage Growth Slowest Since Feb 2022)
by confoundedinterest17 Somehow, Biden left this factoid out of his State of The Union (SOTU) address. In February, immigrants added 1,277 million jobs while native Americans lost -420,000 jobs according to the BLS. Or maybe Biden can change his campaign motto to “Make America Great Again … For Immigrants, NOT Natives.” In February, the unemployment rate unexpectedly …
Fani Willis Awarded $600K in Taxpayer-Funded Cars While Stonewalling County Audit
“Fulton County district attorney Fani Willis (D.) on Wednesday secured over $600,000 in taxpayer funds to buy her staff a fleet of brand new cars—even though lawmakers don’t know what she plans to use them for. Four of the Fulton County Board of Commissioners’ Democratic members voted to approve Willis’s request, with one Democrat joining …
Woman runs into cop, cop hangs on windshield while shooting driver— Video
An Ohio police officer found himself clinging to a speeding vehicle after being struck by the driver during a wild police chase Wednesday, the Daily Mail reported. The driver, identified as 32-year-old Holly Lynn Graham, led officers on a chaotic pursuit that culminated in a dramatic showdown in a parking lot, according to the Daily …
NWS WFOs adjusting snowfall forecasts, causing uncertainty. NWS Boston persists, while New England totals are halved; NYC stands at 6″.
The National Weather Service’s snowfall forecasts are undergoing some unexpected edits, akin to rearranging puzzle pieces with a paintbrush. NWS offices are fine-tuning their predictions, with NWS Boston holding steadfast till the very last moment. In a sudden twist, snowfall totals in New England have been chopped in half, leaving forecasters and residents surprised. However, …
Wearing new Apple Internet Goggles while driving.
Human pulled over for using Apple Internet Goggles while driving.pic.twitter.com/Asrsr3Dn2S — Citizen Free Press (@CitizenFreePres) February 5, 2024
US destroyer shoots down anti-ship cruise missile in Red Sea while waiting on Biden’s response…
JERUSALEM (AP) – Iran threatened Wednesday to “decisively respond” to any U.S. attack on the Islamic Republic following President Joe Biden’s linking of Tehran to the killing of three U.S. soldiers at a military base in Jordan. The U.S. has signaled it is preparing for retaliatory strikes in the Mideast in the wake of the …
Simply Unsustainable! GDP Grew By $182.6 Billion While Public Debt Grew By $834 Billion In Q4 (Public Debt By 4.5 Times GDP Growth)
by confoundedinterest17 Biden and Congress’ insane spending and debt issuance are simply unsustainable. Isn’t it wonderful to be 81 years old like Biden and a have a credit card with seemingly no credit limit? And partner with other octogenarians like Pelosi and McConnell to bankrupt the US? Free-spending US Senate Demagogue Democrat Chuck Schumer is only 73. But all …
The Fed Prepares for a Bank Crisis While Telling Americans the Economy is Strong
by Tho Bishop Last Thursday, Bloomberg reported that federal regulators are preparing a proposal to force US banks to utilize the Federal Reserve’s discount window in preparation for future bank crises. The aim, notes Katanga Johnson, is to remove the stigma around tapping into this financial lifeline, part of the continuing fallout from the failures of …
Boeing 757 Loses Nose Wheel While Preparing For Takeoff In Atlanta
And another one… From what I can glean… Boeing was bought out a few years back by a company notorious for slashing overheads. They fired most of Boeings engineers and now their chickens are coming home to roost. — H R (@HRofOZ) January 24, 2024 BOEING 757 LOSES NOSE WHEEL WHILE PREPARING FOR TAKEOFF IN …
The left continuously accuse Trump of being a “dictator” while they constantly do North Korea Dictator like things.
They even made a fake “Russian dossier,” (instigated by Hilary Clinton) to try to jail Trump. The left politicians are the absolute dictators. CIA Officials Implicated in Secret Plot to ‘Get Rid’ of President Donald Trump In January 2017, an “all-hands” National Security Council staff meeting was convened for the explicit purpose of scheming to …
3M’s Disheartening Move: Freezing Pensions While Boosting CEO Benefits Sparks Outrage
In a move that has left employees fuming, 3M, the conglomerate renowned for manufacturing Post-its, command strips, and tape, has frozen its pension program for non-unionized workers. To add salt to the wound, the company announced a shift to a 401(k) retirement plan in 2028 for these employees. This decision, seen as a pathway to …
Kiss The March Rate Cut Goodbye! December Jobs Soar By 216k (But Full-time Jobs Plunged By 1.5 Million In December While Part-time Jobs Soared 762k)
by confoundedinterest17 Well, kiss that anticipated March rate cut goodbye. According to the BLS, total nonfarm payroll employment increased by 216,000 in December. But to quote Cousin Eddie from Christmas Vacation, “Now hold on to your wad.” While the headline screamed remarkable, please note that the civilian labor force actually declined. As did the Employment-population ratio (to …
Oh, the irony of calling someone a ‘dictator’ while engaging in a bit of selective ballot booting. Classic political acrobatics!
Joe Biden is calling Trump a “dictator” while simultaneously supporting his chief political opponent getting kicked off the ballot pic.twitter.com/dER9htucqu — Benny Johnson (@bennyjohnson) January 5, 2024 Democracy pic.twitter.com/DfJ8rqil0w — Rasmussen Reports (@Rasmussen_Poll) January 6, 2024