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Dems Are "Coming After Middle-Class Hard-Working Americans" - Tulsi Gabbard WarnsAug 11, 2022 - 12:33:25 PDT
Tulsi Gabbard unleashes a torrent of facts in what most on the left in Washington would call 'conspiracy theory' and 'hate speech' pointing out the fact that everything from the IRS to the Department of Homeland Security is "blatantly being weaponized to target political opponents of those in power and anyone who dares to dissent or question or challenge their actions and policies."
US Senator Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed’s inspector general was “troubling.”
Aug 11, 2022 - 12:26:39 PDT
What neither Fed Chair Powell nor the New York Fed report is telling the public is that things could deteriorate very fast without all that stimulus money and debt relief that Congress enacted to deal with the pandemic. One hint of that came from the following snippet in the New York Fed’s report:
The Fiscal Stimulus Was Five Times Larger as It Was During the 2008 Financial Crisis: SummersAug 11, 2022 - 12:15:44 PDT
Former Treasury Secretary Larry Summers said the odds of a soft landing are 'quote low’...
n typical Orwellian fashion, the Biden Administration and the corporate media have attempted to rewrite history and even the definitions of words in recent weeks by changing the standards of what constitutes a “Recession.” A recession is two consecutive negative GDP prints signaling an overall decline of a nation's economy. This IS what a recession is, and no president or puppet media economist is going to change that fact. The US is, by definition, in the middle of a recession.
Aug 11, 2022 - 11:26:20 PDT
Yes, the Taylor Rule suggests a target rate of … 22% to tame the savage inflation beast, based on 8.50% CPI YoY.
Inflation Running at 40-Year High, 36% of U.S. Adults Tapped Their Savings To Cover Living ExpensesAug 11, 2022 - 11:23:06 PDT
With inflation running at 40-year highs, 36% of adults in a new survey said they have had to turn to savings to cover their living expenses.
Money manager Michael Pento distrusts the current rally in stocks. He thinks it's a classic short-lived rally within a secular bear market. That, combined with the Fed interest rate hike campaign to tame inflation, which he expects to drive the economy into recession, is going to result in a 40% decline in stocks by Spring 2023.
One Bank Warns U.S. Econ Data Make Little Sense, "Until You Recall Midterm Elections Are Coming Up"Aug 11, 2022 - 09:22:10 PDT
You could hear the champagne corks fly wherever you were yesterday. After all, there was "zero US inflation" in July, as some put it.
JPMorgan Precious-Metal Traders Found Guilty Of Spoofing, Had 'Power To Manipulate The Global Price Of Gold'Aug 11, 2022 - 08:59:38 PDT
Meanwhile, the woman who was overseeing JPM's global commodity business when some of this wrongdoing was ongoing all this went down wasn't hardy mentioned even once during any of the proceedings.
If we're not measuring or pondering the core structural dynamics of the economy, we're not going to make sense of no-longer-relevant data. This is a most peculiar recession, and few seem to be asking if the reason is we're missing what's changed structurally.
Businesses Should Prepare for Risk of Civil Unrest From Food Scarcity: WSJAug 11, 2022 - 08:52:18 PDT
“We’re seeing across the world a much higher potential exposure to civil unrest as people see their purchasing power falling quickly,” said Jimena Blanco, the head of the Americas research team for risk-intelligence company Verisk Maplecroft.
The 'conscious capitalism' innovator on overregulation, COVID mandates, and why he will be speaking his mind freely when he retires.
I don’t doubt that the world is heading to a Great Reset, as those horrible people at the WEF like to term it. Maybe Covid 2.0 will set it off. Maybe the Greater Depression will. Perhaps climate change hysteria will get out of control. Maybe something resembling World War III will. Maybe mass migrations will. Maybe some population control movement will. Perhaps all these things at once. But we’re likely to have a genuine global Great Reset.
Special agents, who can be placed around the nation and world, have an interesting job, according to the IRS description. They are financial analysts and armed officers ready for a shootout.
The federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022 (October through July), according to the Monthly Treasury Statement.
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for ResetAug 11, 2022 - 07:31:21 PDT
Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Aug 11, 2022 - 07:24:47 PDT
The President must act immediately to regulate rents, as part of the Administration’s efforts to curb inflation, and as a critical foundation for long term protections to correct the imbalance of power between tenants and their landlords.
While lower than June’s reading of 11.3% YoY, it also coincides with declining gasoline prices and declining growth in M2 Money stock. Which is still growing at 5.9% YoY. The probability of recession is rising (even though technically the US is in recession after 2 consecutive quarters of negative GDP growth.
Aug 11, 2022 - 07:09:44 PDT
Agency mortgage-backed securities (MBS) prices started to degrade as The Federal Reserve started to try to combat inflation caused by Biden’s energy policies and rampant Federal spending. That is, under June when the implied Fed O/N rate (red line) cooled and the 30-year mortgage rate (blue line) has come down a little.