GDP NOW MINUS 1.5%. Recession!

Latest estimate: -1.5 percent — July 15, 2022 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.5 percent on July 15, down from -1.2 percent on July 8. After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal … Read more

VIDEO: 5.6 MILLION VIEWS: Leftists and Germans Mock and Laugh at Trump for Warning About German Reliance on Russian Energy, Who is Laughing Now?

Trump made some outrageous claims about German energy at the UN — and the German delegation’s reaction was priceless pic.twitter.com/izpa2fKC3B — NowThis Impact (@nowthisimpact) September 26, 2018 Germany discovering in real-time that you can print Euros but you can't print Watts. pic.twitter.com/y12UzLFllF — allen farrington (@allenf32) July 6, 2022 View post on imgur.com https://www.theguardian.com/world/2022/jun/02/germany-dependence-russian-energy-gas-oil-nord-stream h/t dr0id

The Economist: “Winter is coming. It promises to be brutal and divisive: the energy crisis is rapidly worsening”

There may be a heatwave in Europe at present, but winter is coming. It promises to be brutal and divisive: the energy crisis is rapidly worsening as Vladimir Putin strangles gas supplies https://t.co/xUBNAJ71Df pic.twitter.com/ZA5gPTPOw4 — The Economist (@TheEconomist) July 14, 2022 German Energy Giant Warns Of Insolvency "Within Days", Starts Draining Gas From Storage https://t.co/n3BV1f18ap … Read more

Biden’s Limbo Rock! US Consumer Confidence Remains Depressed 51.1 With Inflation Ravaging Households, Housing Sentiment Even Worse At 45 (Biden Approval At 38.1%)

by confoundedinterest17 How low will consumer sentiment (and Biden’s approval ratings) go? This is Biden’s limbo rock. One measure of how bad things are in the US for the middle-class and low-wager workers ix consumer sentiment from University of Michigan. The latest University of Michigan survey of consumers remains depressed at 51.1. The consumer sentiment index was … Read more

Restaurants Now Charging Inflation Fees

The national restaurant chain is now charging a $2 “temporary inflation fee.” The fee is tacked on the bottom of customers’ bills. Customer Alison Burke said she was surprised but she “completely understands” the need for the restaurant to do that. Loyal Macaroni Grill customers WESH 2 talked to say they don’t mind. “We had … Read more

Former White House Physician Says “Biden Won’t Finish His Term” “His mind is too far gone.”

The former physician, who is now a Texas Congressman, made the comments after it was revealed that Barack Obama had sent Jackson an email chastising him for questioning Biden’s cognitive ability. “I have to express my disappointment at the cheap shot you took at Joe Biden via Twitter,” Obama wrote, adding, “It was unprofessional and … Read more

Biden Administration Being Sued Over Govt/Media Collusion. It’s on like Donkey Kong

Judge Grants Attorneys General of Missouri & Louisiana Discovery in Collusion Case Against Top Biden Officials & Social Media Companies https://amgreatness.com/2022/07/13/judge-grants-attorneys-general-of-missouri-louisiana-discovery-in-collusion-case-against-top-biden-officials-social-media-companies/ Yes..we now get discovery regarding these topics: 1. The Hunter Biden Laptop Story 2. The Lab Leak Theory 3. The Efficacy of Masks In their lawsuit, the AGs argue that the Biden regime colluded … Read more

ICE Set to Run Out of Money Before October, in time for elections ? and open border

Biden’s political appointees are transforming ICE from a law enforcement agency into a social services agency without Congress’s permission (Molly Bruns, Headline USA) With new horrors and atrocities emerging daily along President Joe Biden’s open borders, the U.S. Immigration and Customs Enforcement has predicted that they will run out of money by October unless the … Read more

No Good Solutions Left for Central Banks

By Egon von Greyerz In this brief interview with Wall Street Silver’s Jim Lewis and Ivan Baroukhi, Matterhorn Asset Management principal Matthew Piepenburg discusses the trap which central banks have set for themselves and the longer-term implications this will have on inflation and hence precious metal pricing. Matthew opens with the slow but clear process of de-dollarization … Read more