Thrill Is Gone … From Bidenomics! US Durable Goods Orders Fall -15.23% From June To July While Fed M2 Money Grew 12.7% (Turning Back On The Money Machine!)

by confoundedinterest17 The Thrill Is Gone … from Bidenomics. July durable goods [blue] new orders plummet, recording the worst month since C19 in April 2020. Durable goods fell on a MoM basis by -5.2%, versus -4% consensus estimate. Durable goods ex-transportation [orange] still rose on a MoM basis by +0.5%, perhaps highlighting the weakness in …

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WSJ: Hunter Biden’s Foreign Dealings Spell More Trouble Ahead: Justice Department opens prospect of pursuing lobbying violations as it presses on with criminal tax probe, while Republicans push to implicate President Biden in his son’s activities.

via WSJ: U.S. relations with China were steady in December 2013 when then-Vice President Joe Biden stepped off Air Force Two in Beijing with a seemingly unremarkable companion: his son Hunter. Days later, Shanghai authorities approved the formation of an investment boutique, underwritten by Chinese government money, that named Hunter Biden as a director and …

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Cruise will reduce robotaxi fleet by 50% in San Francisco while California DMV investigates ‘incidents’

Cruise will reduce its robotaxi fleet by 50% in San Francisco, the California Department of Motor Vehicles told CNBC. The move comes after Cruise autonomous vehicles were involved in multiple crashes in San Francisco this week where the self-driving cars appeared to stall in intersections, including one on Thursday night when it collided with a …

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Hellzapoppin Under Bidenomics! Conforming 30-year Mortgage Rate UP 163.5% (Federal Debt UP 19% Or >$5 Trillion Under Biden While Unfunded Liabilities Are Now At $193 TRILLION)

by confoundedinterest17 Hellzapoppin under Bidenomics! And it isn’t a musical, but a tragedy. Between The Federal Reserve’s outrageous overreaction to Covid (printing like there was no tomorrow), and Biden’s massive spending spree (lots of moldy (green) spending, we have see horrid inflation. And The Fed trying (sort of) to combat inflation, we see that 30-year CONFORMING …

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Maui residents say they have been looted and robbed at gunpoint while catastrophic wildfires rage on the island – KITV

NEW 🚨 Maui residents say they have been looted and robbed at gunpoint while catastrophic wildfires rage on the island – KITV pic.twitter.com/rakKahLK08 — Insider Paper (@TheInsiderPaper) August 15, 2023 ‘Utter chaos’: Maui residents say they are being looted, ‘robbed at gunpoint’ https://t.co/LVoWWK14Wc pic.twitter.com/UhttJSozPq — New York Post (@nypost) August 15, 2023

‘What a Scumbag’: Bribery Biden’s ‘No Comment’ on Hawaii Deaths Stir Up Backlash . . . While Maui Burns, Here’s What Bribery Biden Is Quietly Doing for Ukraine

(Luis Cornelio, Headline USA) In the wake of the devastating wildfires that have swept through Hawaii, President Joe Biden’s response has sparked intense backlash, with critics denouncing his apparent lack of empathy for the victims. The president’s terse “No comment” in response to a question from a reporter has ignited a firestorm of criticism from …

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Forget ‘shrinkflation’… popular brands are being hit by ‘SKIMPFLATION’: How food favourites are being made with cheaper ingredients while prices stay the same

Shoppers have become all but too familiar with Shrinkflation – when brands and supermarkets reduce the size of products while charging the same amount for them. But with the soaring cost of raw materials, there’s a subtle new tweak manufacturers are making behind the scenes, and shopping are starting to notice. Customers. already battling with …

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Otavio (Tavi) Costa: ‘The Fed continues to pretend that it can shrink its balance sheet size and watch the cost of government debt rise, all while the US grapples with a 12% twin deficit.’

In the meantime: The Fed continues to pretend that it can shrink its balance sheet size and watch the cost of government debt rise, all while the US grapples with a 12% twin deficit. After marking the end of a 40-year bull market in Treasuries, this upward move in 10-year… pic.twitter.com/DovYOOrn1a — Otavio (Tavi) Costa …

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Smell of Simple Fragrance While Sleeping Produces Major Memory Boost in Older Adults

When a fragrance wafted through the bedrooms of older adults for two hours every night for six months, memories skyrocketed. Participants in the study by neuroscientists reaped a 226% increase in cognitive capacity compared to the control group. The University of California researchers in Irvine said the finding transforms the long-known tie between smell and …

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Hurry Now While Stocks Last!! New Covid Variant EG.5 Causing 17% Cases In US

‘There’s a new coronavirus variant topping the leaderboard in the United States: EG.5. Nationally, EG.5 is causing about 17% of new Covid-19 cases in the country, compared with 16% for the next most common lineage, XBB.1.16, according to the latest estimates from the US Centers for Disease Control and Prevention.’ https://edition.cnn.com/2023/08/09/health/covid-variant-eg5/index.html WHO classifies EG.5 as …

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Brazilian Man Drinking Beer While 11-Year-Old Son Flies Plane before crashing.

A disturbing video has surfaced on social media, showing a Brazilian man drinking alcohol while letting his 11-year-old fly his private plane. According to Express, the video was allegedly shot moments before the father-son duo tragically died in a crash. https://www.express.co.uk/news/us/1798998/Video-dad-drinking-beer-while-son-flies-private-plane Avião bimotor Beechcraft Baron 58, de matrícula PR-IDE, "caiu matando pai e filho" a …

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50% of rental properties acquired with fraudulent occupancy; exit while equity remains, avoid foreclosures.

https://twitter.com/GRomePow/status/1688978516279513088 How do you have 11 Owner-Occupied rentals?!? pic.twitter.com/CqL80zEkhI — Darth Powell (@VladTheInflator) August 7, 2023 They'll never tell you the truth. It's always going to be a "soft landing." pic.twitter.com/6qLSPMAbb4 — Minsky Moment (@BP_Rising) August 8, 2023 Mortgage rates just topped 7% — The Long View (@HayekAndKeynes) August 8, 2023 MOODY'S: US BANK DOWNGRADES …

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Bidenomics Falsehood: Biden “Created” 400k Jobs Per Month While Trump Lost Jobs (Actually Trump Averaged 1.56 Million Jobs Added Post-Covid While Biden Averaged 400k)

by confoundedinterest17 “One of the most cowardly things ordinarily people do, Is to shut their eyes to facts.” – C.S. Lewis Okay, we know Biden lies constantly and misrepresents facts (hey, he is a politician like Adam Schiff (D-CA). But this graphic praising Bidenomics with Biden having created the most jobs (average per month) since …

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“You killed 2 people while drunk driving”… “OK, but when can I get my car?”

Probably more than alcohol there. https://twitter.com/detectclips/status/1685986019898699776?ref_src=twsrc%5Etfw THIS is who she killed Victims: Andrea Rosewicz, 43 and Paul Prowant, 55. pic.twitter.com/I6BweEjMhV — 🅱🅸🆃 🅾🅵 🅲🅾🅽🆃🅴🆇🆃 (@TheSDPadresFan) July 31, 2023 Shocking moment college student SMILED during field sobriety test just minutes after KILLING TWO while three times over the legal limit: Receives 14 years in prison Stephanie …

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Bidenomics! Biden Blames USA Downgrade On Trump (But Economy Added 12.53 Million Jobs After Covid Shutdowns Ended Under Trump While It Took 2 1/2 Years For Bidenomics To Add 12.56 Million Jobs)

by confoundedinterest17 Bidenomics is where the Attorney General Garland gives Hunter Biden blanket amnesty and arrests Biden’s Presidential opponent. Welcome to the United Venezuelan States of America!e The new regime talking points are out – namely that Fitch downgraded the US credit rating from AAA  to AA+ on Tuesday because of MAGA Republicans and all …

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Bidenomics! Mortgage Demand Decreases 3.0% From One Week Earlier, But Purchase Demand Down 26% From Last Year, Down -45% Under Biden While Mortgage Rates Are UP 134% (US Interest Expenses Surged By 50% In Past Year To Nearly $1 Trillion On Annualized Basis)

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 …

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US Q3 GDP is expected to be 3.9% while inflation is projected to be 3.8% by September. This brings nominal Gdp to be around 7.6% in Sept… Rates are going 6%

by DesmondMilesDant Caption: Atlanta Fed Q3 GDP est will update on Aug 1 which will be 3.9% up from 3.5%. Caption: Cleveland Fed suggests August cpi in September to be 3.9% but generally, it comes a % down. What this means is rates are 100% going 6% and then it upto our Jamie Dimon if …

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Bidenomics (Or Yellenomics)! Real Weekly Earnings For Men LOWER Under Biden Than Jimmy Carter! (Men’s Real Weekly Earnings DOWN -9% Since Q2 2021 While M2 Money UP 31%)

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 …

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Global credit downgrades have gone up while banks have been making it harder to get loans

Businesses' ability to pay back credit has been getting worse Global credit downgrades have gone up while banks have been making it harder to get loans pic.twitter.com/HHO0eNTsva — Bravos Research (@bravosresearch) August 1, 2023 Beware: Interest rates are now at levels seen during the peak of the 2007/2008 Financial Crisis pic.twitter.com/MPaduAwnRX — Bravos Research (@bravosresearch) …

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Gas prices surge! Nationwide average hits $3.73/gallon, while Californians face $4.95/gallon. Hurricane threat looms, raising concerns of further hikes.

Gas prices in the US have surged to an eight-month high after foreign suppliers slashed production, and experts are warning that a hurricane in the Gulf of Mexico could trigger further increases. On Friday the national average price of regular gasoline stood at $3.73-a-gallon, a sharp increase from $3.55 one month ago, though still well …

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Store Food While You Still Can, Because 2.4 Billion People Already Do Not Have Enough Food As This New Global Famine Accelerates

by Michael Global food supplies just keep getting even tighter, and global hunger has risen to extremely alarming levels.  People on the other side of the world are literally starving to death as I write this article, but most of us in the western world simply do not care about the millions that are deeply …

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Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing and showing no signs of slowing!

by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …

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Fintwit sees Powell’s successful disinflation, while average Americans view it as too expensive.

What Fintwit sees: Powell successfully bringing us disinflation What the Average American sees: Everything is still way too expensive pic.twitter.com/OQ8yZDLOPO — Amy Nixon (@texasrunnerDFW) July 12, 2023 CPI heat map. Additionally, they have changed the way this metric is calculated, in an effort for it to APPEAR to be better. pic.twitter.com/6DccZPmuoX — Wall Street Mav …

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Core Inflation Cools To 4.8% In June >2x Target, REAL Wage Growth Finally Goes Positive (1.2% YoY) While RENT Inflation Still Roaring At 8% YoY (Taylor Rule Now Implies A Fed Target Rate Of 10.42%)

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 …

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