Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point …

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Economic storm brewing as indicators worsen…

As 2024 unfolds, ominous signs loom over the economic horizon, with the Druckenmiller Recession Indicator delivering a stark warning. Plummeting to its lowest level since 1999, this indicator, historically associated with economic downturns, is flashing red, raising concerns about the …

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Tenerife Wildfires Continue to Worsen

Tenerife fire situation continues to worsen by the minute. Flames are now approaching dangerously close to the town of La Orotava. It’s going to be another long night. pic.twitter.com/OQ9UOhLI1u — Nahel Belgherze (@WxNB_) August 17, 2023 https://twitter.com/_/status/1692310934465708466 Spain’s Canary Isles …

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