Consumers drowning in debt, savings wiped out. 63% can’t cover a $2,000 emergency, worst in a decade

Consumers are feeling the pinch, and the situation is only getting worse. After years of negative real wage growth and escalating credit card debt, retail sales are reflecting a harsh reality: inflation is biting harder than ever. After 4 years of negative real wage growth and mounting credit card debt, consumers are done; retail sales …

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This is an oversold rally & not a data driven one – one of the worst UMich reports on record – stagflationista galore.

Despite a nearly 3% rise and a big green candle, sellers dominated, as shown by the delta. This is an oversold rally & not a data driven one – one of the worst UMich reports on record – stagflationista galore. Technicals were at COVID crash bad and now resetting. pic.twitter.com/5NNqBljqSs — Don Johnson (@DonMiami3) March …

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Trump rips Zelensky for saying end to Ukraine war ‘very, very far away’: ‘Worst statement that could have been made

WASHINGTON — President Trump tore into Ukrainian President Volodymyr Zelensky Monday for saying that an end to his country’s three-year with Russia was “very, very far away” — deepening the rift between the two leaders after a shouting match Friday in the Oval Office. “This is the worst statement that could have been made by …

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So Much Is Going On – Worst Egg Shortage Ever, New Virus In Alabama, Possible Santorini Eruption, And Tensions With China And Iran Escalate

by Michael We live at a time when global events are moving at a blistering pace.  As Donald Trump and Elon Musk shake the very foundations of Washington D.C.’s giant bureaucracy, very alarming things are starting to happen all over the world.  Chaos is erupting all around us, and I am entirely convinced that it is only …

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Year of the Snake has the worst avg returns for S&P 500 of any Chinese Zodiac sign

Since 1930, the year of the pig has had the best S&P 500 average annual return at a snorting 15%. In second, the rooster/rabbit, both at 12%/year. The tiger follows at 10%/year, the rat returns 9%/year, and the monkey an intelligent 8%/year. The Ox/horse/dragon/dog each average 6%/year, while sheep offer a baah-baric 5%/year. Regrettably the …

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U.S. Home Sales saw their worst year since 1995

With rising interest rates and home prices still high, it’s becoming harder for buyers to make a move, while sellers are facing more competition than ever. It’s a challenging situation for everyone. New Single Family homes for sale explodes to the highest level since the Great Financial Crisis https://t.co/dCmR4LQBQc — Darth Powell (@VladTheInflator) January 27, …

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China’s DeepSeek dethrones ChatGPT: American worst nightmare

​​China’s DeepSeek has just launched a groundbreaking AI model that’s being hailed as a game-changer. With its energy-efficient design, open-source accessibility, and advanced reasoning capabilities, DeepSeek is already being compared to and even surpassing ChatGPT. What does this mean for the AI landscape, and why is it causing waves in the US tech industry? Dive …

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She is the worst

“The Secretary of Defense has to be ready to go 24 hours a day, 365 days a year.” Twice in his tenure, the last SecDef, who she voted for, literally disappeared and didn’t tell anyone where he was! https://t.co/q7TilrwqZK — Mark Hemingway (@Heminator) January 24, 2025

WORST Moment For Pete Hegseth From Confirmation Hearing!

During his confirmation hearings for secretary of defense Tuesday, Pete Hegseth was asked about cashing in from the defense industry—and refused to give a straight answer. Senator Elizabeth Warren pointed out that Hegseth had previously written that after generals retire from the military, they “should be banned from working for the defense industry for 10 …

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Consumer Prices Soared Over 21% Under Biden (Producer Prices Rose At Triple The Rate Under Biden Than They Did Under Trump) Worst Start To A Fiscal Year EVER!

by confoundedinterest17 This is the worst start to a fiscal year EVER: – Spending is up 10.9% – Receipts are down 2.2% – FYTD deficit up 39.4% at $711 billion They’re handing Trump a ticking time bomb! Speaking of Biden handing a ticking time bomb (according to Zero Hedge), after rising for 5 straight months, …

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The “strong economy” claim is absurd.

by Rebelliousdefender There are more young people still living at home than during the GREAT DEPRESSION. This indicates that the economy is shit. There are more homeless than ever. This indicates the economy is shit. Prices are higher than ever. For everything. Especially for housing. People can afford only a fraction of what they could …

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The Fed lost control of the bond market, with Cryptos, MicroStrategy, and unprofitable companies still thriving. The 1920s saw the greatest stock rally, followed by the worst crash in history.

This scenario isn’t just about market dynamics; it’s a warning sign. With the Fed seemingly powerless over the bond market, and with investments in everything from digital art to unprofitable tech ventures defying gravity, we might be in for a rude awakening, much like the one that followed the 1920s. Im just going to call …

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Worst Homelessness Crisis Ever! Those On The Low End Of The Economic Spectrum Are Being Absolutely Pulverized By This Economy

by Michael All over America, our core urban areas are teeming with tent cities, hordes of homeless drug addicts, and vast throngs of newly arrived migrants that don’t have anywhere to go.  When I wrote about this topic one year ago, homelessness in the U.S. was at an all-time record high, and it was increasing …

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Worst Single-Family house sales since 2008

Here is why? Prices are too high Rates are too high Lack of inventory due to no one giving up 2-4 percent rates Wall St has bought up hundreds of thousands of property to rent out Average People cannot afford average house h/t GoldFerret6796

Shut the ATF down. Of the many terrible federal law enforcement agencies, it’s arguably the worst.

ABUSE OF POWER: Why Did the ATF Raid Baltimore Gun Rights Advocate Mark ‘Choppa’ Manley’s House? “It isn’t really clear what the feds were looking for in the raid. They spend hours tossing Manley’s home, checking gun serial numbers, and ultimately confiscating his phone. But no one was charged or arrested and no guns were confiscated. Harassment …

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China did the “worst telecom hack in our nation’s history”, even the US wiretapping program was breached

Chinese hackers have breached dozens of telecommunications companies around the world. The breach, christened Salt Typhoon by Microsoft cybersecurity researchers, has afforded the cybercriminals unprecedented access not only to information on who has been texting or calling whom and when, but also on the contents of some messages, a much higher technical bar to clear …

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Small Apple Store sees worst holiday sales, Vision Pro flops; Consumer loan defaults at highest since 2012. Credit card debt soars past $1 trillion.

Was at the Apple Store yesterday to get some upgrades before the tariff war increases prices, this was literally the worst holiday sales the store has seen (per employee) Its so bad you can see the 0 demand for the Vision Pro, totally worth the 40X. 2 weeks before xmas lol pic.twitter.com/nhhdizGBQy — The Punisher …

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Existing Home Sales Drop, Worst Drop Since 2013

by confoundedinterest17 The last gasp of the Biden/Harris reign of (economic) error! After existing home sales unexpectedly ticked up in October, analysts expected new home sales to slow after their recent resurgence (-1.8% MoM). They were right… BUT… the magnitude is mind-boggling! New Home Sales collapsed 17.3% MoM in October. That is the largest MoM …

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Merrick Garland’s failed lawfare against Trump has earned him “Worst Attorney General” by both sides.

https://www.usnews.com/opinion/articles/2024-11-18/forget-matt-gaetz-merrick-garland-is-americas-worst-attorney-general From the right, Garland engaged in an unprecedented level of aggression against a political opponent. From the left, Garland did not finish the job, and letting Trump get away with him (made-up) crimes scotfree. h/t EuphoricTrilby

We have the worst ruling class in living memory, and not just in the United States.

It would be nice if people generally understood that inflation is just the government taking stealing your money by another means. Apparently some Dems are concluding from this that they were powerless to avoid a heavy defeat, so I will take this opportunity to plug my column from last month warning that progressives’ leftward shift on social …

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Top CEO Reacts To The Worst Report He’s Ever Seen

Published November 1, 2024 11:50am EDT CEO of top ‘non-woke’ job board reacts to ‘the worst’ report he’s ‘ever’ seen: ‘Red flag’ for 2025 The last jobs report before the 2024 election shows only 12K jobs added to US economy in October A massive jobs miss doesn’t paint a positive picture for the backbone of …

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Wall Street suffers worst day in last month.

Stocks slid on Thursday as Wall Street digested discouraging quarterly reports from megacap technology names and awaited further results. The S&P 500 tumbled 1.86% to finish at 5,705.45. The Nasdaq Composite lost 2.76% to close at 18,095.15. Both indexes posted their biggest one-day declines since Sept. 3. The Dow Jones Industrial Average slid 378.08 points, …

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