Independent thinking for complex markets and current events
The index for home prices increased in January at its fastest rate since November 2022 as supply constraints and inflation continue to raise prices, according to data from S&P Global. The Case-Shiller U.S. National Home Price Index increased 6.0% year-over-year in January, up from 5.6% in December, according to a press release from S&P Global. Growth in …
🇺🇸 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 …
BREAKING NEWS: I have proof that the country will endure a significant event before the end of the year. I told you yesterday who is orchestrating it and have lists of where many are being hidden. I also have information and video proof that outside networks are setting up to… pic.twitter.com/xy7gP1Bu1F — 🇺🇸 Larry 🇺🇸 …
AI will probably be smarter than any single human next year. By 2029, AI is probably smarter than all humans combined. https://t.co/RO3g2OCk9x — Elon Musk (@elonmusk) March 13, 2024
The #NationalDebt just surpassed $34.5 trillion, up over $100 billion so far in March. At this rate the National Debt will rise $300 billion during the month. That's a annual pace of $3.6 trillion. Rising deficits will likely push the National Debt over $40 trillion by next year! — Peter Schiff (@PeterSchiff) March 11, 2024 …
In a move that could reshape the nation’s financial landscape, President Biden has revealed a budget proposal of unprecedented proportions, amounting to a staggering $7.3 trillion for the fiscal year 2025. This budget, while reflecting ambitious plans for tax increases and increased spending on various fronts, has ignited concerns about the escalating U.S. debt trajectory. …
Global freedom has receded for the 18th consecutive year, according to a report released Thursday by American nonprofit Freedom House. “Global freedom declined for the 18th consecutive year in 2023. The breadth and depth of the deterioration were extensive,” Freedom House said in the report. “Political rights and civil liberties were diminished in 52 countries, while only 21 …
“The University of Virginia (UVA) has at least 235 employees under its ‘diversity, equity and inclusion (DEI)’ banner — including 82 students — whose total cost of employment is estimated at $20 million. That’s $15 million in cash compensation plus an additional 30-percent for the annual cost of their benefits.” https://openthebooks.substack.com/p/university-of-virginia-spends-20 That’s $1,000/year/student. Soon adds …
Europe’s power demand is expected to rise again soon, as electrification takes off through heat pumps and EVs. More of Europe’s electricity came from wind power than fossil gas for the first time ever last year. That’s according to the latest annual review from clean energy think tank Ember, which is peppered with positive statistics …
This is a dire situation; the staggering $8.9 trillion government debt maturing soon is alarming. With a projected $1.4 trillion deficit in 2024, over $10 trillion in US government bonds need buyers, almost a third of the current federal debt. The Fed’s plan to cut rates adds to the challenge. The surging debt service costs, …
Zuckerberg is building his secret fortress in Hawaii. Sustainable food sources, underground bunkers, treetop expierences for guests – on land stolen from Indigenous Hawaiians, bought under shell companies. People working on the project are sworn to secrecy with nondisclosure agreements. Fired for discussing what they do at work. It was theorized Meta was intentionally “burning …
Automakers have seen wavering demand for EVs across the country, but California has always been the stronghold for electric adoption and infrastructure. Even so, the tides turned late last year, which could signal slower times ahead for the industry. EV sales fell for two consecutive quarters last year, down ten percent between Q3 and Q4, …
by Guest Over the last few years the UK’s investment in gigantic offshore wind turbines, each the height of a skyscraper, has transformed electricity production displacing expensive fossil fuels. Last year wind power accounted for 29.2% of electricity production and the main source of electric power, from natural gas, produced 31.4%. Taken together fossil fuels, …
Oh, how punctual and dedicated! It’s heartwarming to see Biden keeping his promise to visit East Palestine ‘at some point.’ I mean, who doesn’t love a timely visit, especially during an election year? Biden will visit the site of a train derailment that spilled hazardous chemicals in East Palestine, Ohio. During the visit on a …
Company processes $2 trillion in transactions a month. And conveniently hacked to prevent short selling during market melt up. If you think you are well covered in 2024 with assets safe, think again. There are very few ways to insulate yourself from the coming fallout. Neither gold or crypto are the amswer fyi. “Your Short …
In a surprising turn of events, UK inflation has accelerated for the first time since February of the previous year, according to official data released by the Office for National Statistics on Wednesday. Consumer prices in December rose by 4% compared to the same period a year ago, surpassing the November rate of 3.9%. Economists …
Olivia Chow, the communist mayor says that to close the $2B annual budget shortfall of Tronna, they must jack up taxes. Forget cutting spending, just continue to tax the hell out of everyone!!!! Well, that’s communism for you. via CBC.CA: With the recommendation of an additional 1.5 per cent increase to the city building tax, …
BREAKING: Chicago gave kids access to free laptops, iPads, & other devices. 77,000 devices and $23M went missing in 1 single school year. pic.twitter.com/qR7V8S2w65 — End Wokeness (@EndWokeness) January 11, 2024
The Roth IRA bros are getting annoying af lately. FFS it’s only $6500 a year. Yeah it’s a nice tax free tool to grow your money but it’s likely not going to be a large part of your wealth in the end. — QE Infinity (@StealthQE4) January 10, 2024 Here are the tax rates to …
A record 10% of the population in Japan are now above 80 years old. This percentage has moved in a straight-line higher for years now, up from 7.5% over the last decade. By comparison, just ~4% of the population in the United States is above 80 years old. As a result, Japan's… pic.twitter.com/YJJ1rnloQZ — The …
@ The Kobeissi Letter Office building prices in the United States have experienced a substantial downturn, witnessing a significant 40% drop from their peak over the past two years. The past year alone has seen a massive 30% decline, leaving one in five office buildings vacant across the nation. The gravity of the situation is …
BY DAVID HAGGITH The maniacs got their heads chopped off this week. Ah for yesteryear when the Fed and Treasury were both certain inflation was merely “transitory.” Today, what became more transitory was the fantasy that the Fed is about to pivot on high interest because its fight with inflation is nearly over. One reason …
This blatant corruption infuriates me! Congressional Democrats exploiting their privileged positions for personal gain, trading stocks with insider knowledge while ordinary citizens suffer. Beating the S&P 500 by seven points is no mere coincidence; it reeks of unethical practices. The fact that they have the audacity to engage in such behavior, profiting from sensitive information, …
by mark000 Nooooooo! SpendLess = forbidden! You will find more infographics at Statista Should a Subway sandwich cost $18.91 (plus tip)? People are shocked at how much fast food is costing these days. These places are pricing themselves out of their own markets. 🔊 pic.twitter.com/XRfYyn9gqH — Wall Street Mav (@WallStreetMav) January 2, 2024
via amgreatness: New Year’s is traditionally a time for reassessment and meditation. Wise sayings and saws are dredged up for reconsideration even as the chorus is getting ready to reprise “Auld Lang Syne.” It is easy to dismiss such scraps of wisdom, especially as they tend to come glazed with an unpalatable frosting of sentimentality, …
by Michael The ominous trends that we see all around us are taking us somewhere. Needless to say, 2023 was not a good year for our country. Hunger and homelessness have been absolutely exploding, the suicide rate just continues to go even higher, and there is chaos in the streets on an almost nightly basis. It …
That’s a massive chunk of cash now ready to spend! Money Market Funds Record: $1.3 Trillion has flowed into money market funds this year, the largest amount in history pic.twitter.com/VRylKN9kLw — Win Smart, CFA (@WinfieldSmart) December 24, 2023
BREAKING NEWS RED SEA ATTACKS THREATEN TO CUT GLOBAL SHIPPING CAPACITY 20% 20%. Supply chains… — Gold Telegraph ⚡ (@GoldTelegraph_) December 23, 2023 “NEW YORK — The series of ship attacks by Iran-backed Houthi rebels in the Red Sea could curtail global shipping capacity by 20%, according to experts, in a fresh blow to supply …
Biden is pardoning thousands convicted of marijuana charges on federal lands and in Washington https://apnews.com/article/biden-marijua…c3c74e9d64 President Joe Biden is making thousands of people who were convicted of use and simple possession of marijuana on federal lands and in the District of Columbia eligible for pardons, the White House said Friday, in his latest round of …
According to the OCC, as of September 30, JPMorgan Chase (which lost $6.2 billion from its federally-insured bank in wild derivative trades in 2012) is still allowed to sit on $54.4 trillion in derivatives. Citigroup’s Citibank, which blew itself up in 2008 from derivatives and off-balance-sheet vehicles and received the largest bailout in global banking history, is sitting on …