Sky’s Ashish Joshi has been to Blackpool where many residents have to decide between heating or eating, as the cost of living crisis continues to hit the Lancashire town. The government says it is acting to help the most vulnerable communities in areas like Blackpool. A spokesman said: “We are already tackling health disparities in … Read more
In an interview with Kai Ryssdal on Marketpleace.org Jerome Powell said at the five minute, forty second mark there will be 50 basis points increases and the Fed will do ‘more’ if needed to get inflation under control. Kai prodded him to admit 75 basis points might be the ‘more’ he was talking about to get … Read more
by TheHappyHawaiian CPI from the BLS says that rents are up 5% over the last 12 months, but that’s not even close to reflecting the rents shown elsewhere. We all know this though, ask anyone about their rent and you’ll get some anecdotes saying 2-5%, but you’ll get a lot more saying 15-30%. The chart … Read more
It is evident that fintech is here to stay. What is clear is that this is a shift and that we are headed for a more technologically advanced and sophisticated banking and financial system. Our lives are becoming connected, and technology is a key part of our lives. There are many developments in the fintech … Read more
The price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors. Terra, which ranked among the top 10 most valuable cryptocurrencies, dropped below $1 on Wednesday, having peaked close to $120 last month. Other coins also appear to be in trouble amid a market-wide … Read more
TikTok has a new feature that tells you who’s viewed your profile. To enable Profile View History, open your TikTok profile and tap the eye icon in the top-right corner. While you have Profile View History on, other people will see when you visit their profile too. TikTok has hundreds of millions of users, with … Read more
More than 90,000 civil servants are likely to lose their jobs in an attempt by Boris Johnson to find money to ease the cost of living crisis. The prime minister is understood to have tasked the cabinet with cutting staff by a fifth, telling them every bit of cash saved on government spending could be … Read more
The multi-day severe weather threat across the Plains escalated on Thursday, with thunderstorms delivering powerful winds and massive hailstones across the region a day after a meteorologist was killed in a crash during a preceding storm. The extreme weather event has been declared a Derecho, a long-lived thunderstorm complex that is sometimes called an “inland … Read more
https://www.youtube.com/watch?v=KSinqkmsWkY – Food banks across America say those economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing. The problem has grown to the point where last week President Joe Biden called for a Conference on Hunger, Nutrition and Health in September, … Read more
0:00 – 50% market correction? 2:30 – Fed monetary policy 6:00 – Biggest market risks 10:10 – Private equity 11:30 – Stock fundamentals 15:16 – Stock market outlook 17:22 – Crypto market
The updated Netflix Culture memo also includes a new section called “Artistic Expression,” explaining that the streamer will not “censor specific artists or voices” even if employees consider the content “harmful,” and bluntly states, “If you’d find it hard to support our content breadth, Netflix may not be the best place for you.” The … Read more
Government is not a problem-solver, but a problem multiplier. In an effort to make college “more affordable” and “more accessible,” students now live under mountains of debt. All of this credit has naturally driven up the price of going to college as well. Now government, in yet another effort to “help,” is thinking about forcing … Read more
by Chris Black Something not noted in the article but gives it huge context – this record 108,000 overdose deaths in 2021 comes despite the fact that nearly every first responder – police, EMT, firefighter – carries Narcan which can stop an overdose in its tracks. So those years in the 2010s when we had … Read more
by Chris Black Wow, that escalated quickly. Elon vows to buy Twitter, make it a “free speech” platform (will never happen), promises to reinstate the Donald’s account, and now this: “Even though I think a less divisive candidate would be better in 2024, I still think Trump should be restored to Twitter.”https://t.co/0XcauApuOS — The Washington … Read more
by Chris Black Twitter shares are bouncing back after Musk clarified that he is “still committed to the acquisition”. Still committed to acquisition — Elon Musk (@elonmusk) May 13, 2022 Oh come on. I’m sure the dozens of shell companies Musk uses to manipulate the futures market in the companies he is involved in, didn’t … Read more
by Chris Black https://t.co/GfHVWiA91q — Planet Today (@PlanetTodayNews) May 13, 2022 Here’s the deal: Most of those ships were forced to turn back and return to China. The window to sell the inventory this year blew by. The companies just wrote the orders off as a loss to reduce their taxes. Once that happens, they … Read more
by confoundedinterest17 The US Senate yesterday confirmed the reappointment of Jerome “Slowhand” Powell as Federal Reserve Chairman. The good news? Atlanta Fed’s Flexible CPI YoY cooled to 20% in April. The bad news? Flexible prices are still growing at 20% while wages are growing at 5.5% YoY. On the export front, export prices are cooling and … Read more
By Lance Roberts Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will be a long one.” Is Kiyosaki just … Read more
The Biden administration has proposed amendments to World Health Organization regulations that would give the U.N. agency’s director-general unilateral authority to declare a health emergency in the United States. The International Health Regulations amendments will be subject to votes at the upcoming annual meeting of the WHO’s governing legislative body, the World Health Assembly, May … Read more
Trends Research, Released on 5/12/22 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more
By John W. Whitehead & Nisha Whitehead “The government solution to a problem is usually as bad as the problem and very often makes the problem worse.”—Milton Friedman You’ve been flagged as a threat. Before long, every household in America will be similarly flagged and assigned a threat score. Without having ever knowingly committed a … Read more
Reinvent Money, Released on 5/12/22 Paul Buitink talks to Jeff Snider of Alhambra Investments. Jeff explains how Russia, despite the sanctions, is still using the eurodollar system to transact internationally, for example by using off-shore banks across the world and middle-men in China and India. Not being part of Swift is difficult but doesn’t stop … Read more
Macro Voices, Released on 5/12/22 (Recorded on 5/10/22) MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. In his previous appearance, David expressed serious concerns about the stock market, and was being ridiculed at the time by his perma-bull peers. Seems he was on to something, and he joins us again to … Read more
The ones excited about this rebound. This is a bear market 👇 https://t.co/wHP19byhMQ — Menthor Q (@MenthorQpro) May 13, 2022 Growth factor valuation is at all time low in the US according to Morgan Stanley. pic.twitter.com/wjZMmMF7CW — Daniel Lacalle (@dlacalle_IA) May 13, 2022 The reason why Ark investors keep doubling down is because no one … Read more