Independent thinking for complex markets and current events
via justthenews “The growth in spending continues to outpace the growth in tax collections. This is why our national debit is heading toward $34 trillion. It cannot go on forever without serious economic consequences,” says the leader of the Tax Foundation. The U.S. government ran a budget deficit of $381 billion so far into the …
by Chris Black Yemen is regarded by the elites as the best place to expand the war for Greater Israel. Israel is actually openly saying this now. The Houthis are not backing down, so this will mean, in theory, attacks inside of Yemen by Western forces. Then it becomes: “Okay, well – we need troops …
This year’s stock market rally was led by a handful of technology stocks that have come to be known by Wall Street as the ‘Magnificent Seven’. Apple, Amazon, Alphabet, NVIDIA, Meta, Microsoft and Tesla together are up around 75 percent since the beginning of the year. Americans holding them in their 401(k) savings accounts will …
IMF warns that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a “new Cold War” The International Monetary Fund’s No. 2 official on Monday warned that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a “new Cold War” given the conflict in Ukraine …
by mrmrmrj Need republicans to win I like that solid red line.
via WSJ: I’m an optimist. How could I not be? I’m the son of a firefighter. For 17 years I’ve served in the same congressional seat—the same office in which I was once denied an internship. Only in America. I helped lead Republicans to a House majority—twice. We got more Republican women, veterans and minorities …
by HighYieldLarry In America, the crisis is never over because it’s never solved. It is just patched and kicked down the road.
U.S. Dollar Index has now closed below its 200D moving average for the first time since August. Last week $DXY suffered its largest decline in more than a year. pic.twitter.com/sxG09Ge7dU — Barchart (@Barchart) November 21, 2023 Gold creeping closer to $2000 USD 🇺🇸 — Gold Telegraph ⚡ (@GoldTelegraph_) November 21, 2023 A Growing Focus On …
by Chris Black You can’t buy a standard menu meal under $12 at Wendy’s. A box of Corn Flakes with about five real servings is $6. Gasoline is still over $3.00 a gallon. Car insurance almost costs as much per month as the car you’re insuring. Health insurance costs more than a $350k house. Forget …
by Chris Black Thanks to huge longitudinal studies conducted by the Danish government (2021) (https://web.archive.org/web/20230402140421/https://fm.dk/udgivelser/2021/oktober/oekonomisk-analyse-indvandreres-nettobidrag-til-de-offentlige-finanser-i-2018/), Amsterdam University (2023) (https://web.archive.org/web/20230627013716/demo-demo.nl/wp-content/uploads/2023/06/Borderless_Welfare_State-2.pdf), and Migration Watch UK (2014) (https://web.archive.org/web/20220217225955/https://www.migrationwatchuk.org/briefing-paper/1.37), we now know the financial damage of importing and supporting non-Western migrants. The Danish government found that Third World migrants collectively make a net-negative lifetime financial contribution. All migrants who …
h/t ChampionshipUsed985
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
They called him the “Godfather.” Before he was FBI director, Jim Comey was general counsel of Bridgewater Associates, the world’s largest hedge fund. There he would practice and perfect the knack for drama that later thrust him into the center of the national political scene. Comey was far from a household name when he joined …
by Chris Black France is about to pass a bill which would criminalize insulting Israel. This law would punish anti-Israel speech with multiple years of jail time and tens of thousands of euros in fines. Note that these same lawmakers have yet to propose any law that would punish insulting France or French people. https://twitter.com/davidrkadler/status/1720461371316326556 …
by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased …
Gold is now outperforming the S&P 500 this year pic.twitter.com/GI2yMt8vcv — Barchart (@Barchart) October 27, 2023 U.S. stocks have lost -$4.5 trillion in value since the July peak. That's the equivalent of three Googles. pic.twitter.com/UjothrbzV1 — Hedgeye (@Hedgeye) October 26, 2023 $AAPL Apple closes below its 200 SMA for the first time since early March. …
by Chris Black Border Patrol, CBP and other assorted agencies have encountered a staggering 3.1 million people at the southern border (https://www.fairus.org/legislation/biden-immigration-border-policy/border-security/cbp-posts-record-number-border) of the United States through fiscal year 2023. People are crossing from all over the globe. (https://www.pbs.org/newshour/politics/smugglers-are-steering-migrants-into-the-hot-arizona-desert-posing-new-border-patrol-challenges). Chinese, Pakistanis, Bangladeshis, Haitians and of course throngs of South and Central Americans. 62.6% of those …
The jump in various food commodity prices is not entirely due to inflation. However, rising food prices certainly are contributing to the ongoing issue. It truly is a unique time to be an investor/trader. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 5, 2023 https://t.co/sLpTGRJBZU — Win …
BREAKING: John Fetterman to RESIGN from the US Senate effective at the end of the year, likely replacement to be his wife Gisele, according to inside sources within my home state of Pennsylvania. This comes at a time when speculation has arisen that Fetterman is not “up for the job”, his wife reportedly began taking …
Adults should be able to cover rent for a one-bedroom apartment AND groceries. h/t ChefAccurate942
The rich plan to continue spending on travel and luxury, while the middle classes seem increasingly reluctant. This doesn't bode well for consumption next year.https://t.co/IywHj5UVtZ via @economics — Michael Pettis (@michaelxpettis) September 26, 2023
+$20 billion per day +$1 trillion every 50 days +$7.3 trillion per year Everything is Fine … 🔥🔥🔥America Hits $33 Trillion In Debt … How High Will We Go? pic.twitter.com/HNtEyfPTeK — Wall Street Mav (@WallStreetMav) September 22, 2023 The US government will spend as much money on national debt interest payments this year as they …
via unherd A climate change initiative, spearheaded by London Mayor Sadiq Khan, is recommending against buying more than three items of clothing a year, privately owning a car and flying more than once every three years. The C40 Climate Leadership group comprises, in its own words, “a network of nearly 100 mayors of the world’s leading …
by Chris Black It’s almost like the whole world is filled with hormone-disrupting chemicals, huh? Daily Mail: Record numbers of young girls are hitting puberty too soon – with some as young as four – as experts blame obesity as a key factor. New data shows the number of times girls were seen at hospital …
by Chris Black This is called predictive programming. 🚨 Tucker Carlson Says There Will Be a Hot War w/ Russia Within the Next Year "They can't lose. They will do anything to win. So how do they do that? They're not going to do COVID again…They're going to go to war with Russia is what …
TUCKER: “There will be a hot war between the United States and Russia within the next year” pic.twitter.com/AGv6Iifg5U — Benny Johnson (@bennyjohnson) August 30, 2023 NOW – Trump: Biden "is leading our country to hell. We'll end up in World War 3 because of this man." Are we heading to WW3 if Biden’s masters continue …
by Chris Black We don’t know the whole story of why this guy all of the sudden became popular. We know it was a totally forced meme, that every single shill conservative influencer posted the same day. But it’s unclear how aware of this Oliver actually was – according to the story, someone came to …
by china-golden She may have a point here. I don’t think China is “finished” however.
