Month: June 2022

Largest Pork Company in the US Shuts Down California Plant Due to High Costs

by

Another key point of the coming engineered food crisis. This is what happens when we allow China to own US based companies: Food processing corporation Smithfield Foods will shut down its Vernon, California, plant and scale back operations in California, Utah and Arizona, the company announced Friday. Smithfield “will cease all harvest and processing operations … Read more

US Gasoline Tops $5 (Highest In History), 2Y Treasury Yields Soaring, Mortgage Rates Highest Since 2008 (Inflation Tax Costing Households $5,200 More YoY)

by

by confoundedinterest17 Up, up and away in our inflationary balloon! Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above $7 per gallon. Bankrate’s 30-year mortgage rate is now 5.78%, the highest since 2008. And … Read more

Charted: The Global Decline of Fertility Rates

by

by visualcapitalist Over the last 50 years, fertility rates have dropped drastically around the world. In 1952, the average global family had five children—now, they have less than three. This graphic by Pablo Alvarez uses tracked fertility rates from Our World in Data to show how rates have evolved (and largely fallen) over the past decades. What’s The Difference … Read more

Bill Maher buries NYT for burying Kavanaugh assassination attempt: ‘They wear their bias on their sleeves’

by

(FOX NEWS) “Real Time” host Bill Maher lambasted The New York Times over its weak coverage of the assassination attempt of Supreme Court Justice Brett Kavanaugh. Earlier this week, a man named Nicholas John Roske was arrested outside the justice’s home carrying a gun and a knife. He admitted to police that he had traveled … Read more

Los Angeles Gas = $6.50 a Gallon

by

Southern California gas prices continued to soar Friday, with the average price of a gallon of regular in Los Angeles County climbing to $6.445, a new record for the area, according to the American Automobile Assn. The increase marked the county’s 14th consecutive record-setting day, leaving average prices about 17 cents higher than one week … Read more

Michael Burry: “The CPI news this morning was so awful the weakest sector broke. In bond jargon, MBS went no-bid. No buyers for MBS.

by

View post on imgur.com Cassandra B.C. @michaeljburry Transitory, no. Peak, no. To the moon? If you mean a cold dark place. “The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS.” https://www.cherrycreekmortgage.com/lous-credit-news … Read more

UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. Some folks can’t afford to travel to work.

by

🇬🇧⛽️ UK has the second-highest petrol prices in the G20 — only French pay more. – UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. – US drivers also face their highest gas prices on record, but still pay only about 60% of what the British do. https://t.co/K8klv7CpT8 pic.twitter.com/NsA9NfUmhX — PiQ (@PiQSuite) June 12, 2022 Your … Read more

Druckenmiller: “2 undefeated records are: 1. once inflation gets above 5%, it’s never come down unless fed funds have gotten above the CPI”

by

Druckenmiller: "2 undefeated records are: 1. once inflation gets above 5%, it's never come down unless fed funds have gotten above the CPI" David Einhorn: "…to defeat inflation, you need positive real interest rates in 1980 Volcker raised rates to 19% to combat 14% inflation" https://t.co/nEtZCOn75a — The Transcript (@TheTranscript_) June 11, 2022 pic.twitter.com/KMaup2iX2b — … Read more

Google Owes $500,000 for NOT Censoring Videos Criticizing a Politician

by

by Simon Black Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Australia Orders Google to Pay Over $500,000 for Not Removing Video Throughout 2020, YouTuber Jordan Shanks posted videos making fun of the Deputy Premier … Read more

Prepare yourself: ‘The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006’

by

‘I don’t think that home sales are going to grind to a complete halt. They’ll just slow. People will still be able to sell homes, but it may take you just a little bit longer than what it’s been.’ — Len Kiefer, deputy chief economist at Freddie Mac The U.S. housing sector is in the … Read more

Consumer sentiment is now at a record low going back 50 years. Corporate profiteering at a record high. Bank of America Warns that the Summer of Hell is Coming

by

US Consumer Sentiment Index is at the lowest ever recorded since they started collecting data in 1952 Consumer sentiment is now at a record low going back 50 years. Corporate profiteering at a record high. Investors expect a soft landing. pic.twitter.com/mDj8SU3wLu — Mac10 (@SuburbanDrone) June 12, 2022 https://twitter.com/MFHoz/status/1535659911316660230 https://twitter.com/Galactic_Trader/status/1535969354466066432 The chart of the week. It’s … Read more