Month: June 2022

by Boo_Randy The Keynesian fraudsters at the BoE can’t print petrol. https://oilprice.com/Latest-Energy-News/World-News/Record-UK-Gasoline-Prices-See-Biggest-Daily-Surge-In-17-Years.html UK gasoline prices continue to set records, with the daily price jump between Monday and Tuesday at its highest in 17 years, RAC, the UK’s longest-serving motoring organization, says. “The average price of petrol endured its biggest daily jump in 17 years by … Read more

https://twitter.com/MacroTechnicals/status/1534881245510893571 Italy 10y yield 3.7% pic.twitter.com/VDinnGN2Gi — Alessio (@AlessioTMAD) June 9, 2022 https://twitter.com/MacroTechnicals/status/1534886052418166784 https://twitter.com/TommyThornton/status/1534875380691226626 Italian 10-year yields rise to the highest vs German rates in more than two years: pic.twitter.com/UtX60mHK4G — Lisa Abramowicz (@lisaabramowicz1) June 9, 2022 Amazing Article written about the world right now…. NOT! This is about germany in 1922.. History doesnt repeat, … Read more

by Shaun Richards The events of 2022 so far are beginning to place us in a situation we have worried about for some time. This is because for the first time in ages we are seeing central banks raise interest-rates and hence mortgage-rates. Actually it is more complicated than that because people have in general … Read more

JUST IN – European Central Bank will cease asset purchases in July, plans a 25 basis point hike next month. — Disclose.tv (@disclosetv) June 9, 2022 https://www.marketwatch.com/story/european-central-bank-says-it-will-end-qe-and-begin-raising-interest-rates-in-july-2022-06-09 View post on imgur.com

“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’ (via @abhabhattarai) https://t.co/clmUkg2SXN — Carl Quintanilla (@carlquintanilla) June 9, 2022 “I think we’re going to need a bigger boat.” … Read more

By Tsvetana Paraskova IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called for conserving energy and boosting energy efficiency. Europe could be forced to start rationing energy this winter, starting with industrial uses of … Read more

by Chris Black Biden just mandated that gasoline sold in the US gets bumped from 10% ethanol to 15% ethanol. First issue. – Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn). With farming costs and outputs already under pressure this could be problematic. Second issue – … Read more

New Zealand on Wednesday released a draft plan to put a price on agricultural emissions in a bid to tackle one of the country’s biggest sources of greenhouse gases, belching sheep and cattle. The proposal would make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock, the … Read more

Millennials who think us geezers are too cautious and risk averse. You get ALL of it at the same time. With no monetary safety net. Pull this off and you won't have to live at home again. pic.twitter.com/A7cvzly0Y8 — Mac10 (@SuburbanDrone) June 8, 2022

Falling consumer sentiment. Crushing inflation. Declining real wages. Savings are being drawn down rapidly. Credit card usage is soaring. Mortgage cash-out refinancing is not economical. Fiscal stimulus is unlikely.https://t.co/8DeKrIaCZ1 — Michael Lebowitz, CFA (@michaellebowitz) June 8, 2022 https://t.co/B4SAzERpYc — Win Smart, CFA (@WinfieldSmart) June 8, 2022 https://twitter.com/VSoien/status/1534465334660501507 https://twitter.com/RJRCapital/status/1534680478783098881 This just keeps getting worse: Applications for … Read more

Yen's getting extremely close to this century's low… gawd. pic.twitter.com/uurVX4RRDz — David Ingles (@DavidInglesTV) June 8, 2022 Japan is pumping out free money like there is no tomorrow. In 1998 financial "geniuses" found out the hard way that in a RISK OFF market, it can be hard to pay it back when collateral is collapsing … Read more

 Source: https://thecountersignal.com/justice-minister-says-no-absolute-right-to-private-property/ h/t SilverBoatSurfer

by Chris Black No way, I’m totally shocked.  Who could have predicted this? Oregon overdoses reach record highs after decriminalization of hard drugshttps://t.co/28hwcWJRxz — The Post Millennial (@TPostMillennial) June 3, 2022  

In the face of strong conservative opposition, European Parliament lawmakers on Wednesday narrowly voted to back a European Commission proposal for a total ban on new CO2-emitting vehicles by 2035. The Commission last year unveiled plans to stop the sale of vehicles using internal combustion engines as part of an ambitious climate target to cut emissions … Read more

ISABELLA COUNTY, Mich. – A Michigan police department says higher gas prices have forced them to re-think how to handle non-urgent calls. The Isabella County Sheriff’s Office in Central Michigan, home of Mt. Pleasant, said in a Facebook post this week that due to higher fuel prices, they have asked deputies to manage what they can … Read more

The Missouri Court of Appeals has affirmed that an insurance company must pay a $5.2 million settlement granted to a Jackson County woman who claimed she unwittingly caught a sexually transmitted disease from her former romantic partner in his car. In an opinion issued Tuesday, a three-judge panel found that the judgment entered against GEICO … Read more

See how your Representative voted: https://t.co/s4Y1OyPPTm — Gun Owners of America (@GunOwners) June 9, 2022