Month: July 2022
BLOOMBERG: “Japan Wants Up to Nine Nuclear Reactors Online This Winter”
View post on imgur.com https://www.bloomberg.com/news/articles/2022-07-14/japan-s-kishida-orders-restart-of-up-to-nine-nuclear-reactors h/t dr0id
The Core? Flexible Price Inflation Rises To 18.74% While Core Inflation Plunges To 8.40%, “Fats” Waller Backing 75 Basis Point Hike (30Y Mortgage Rate Rises To 5.83%)
by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot was the recent inflation report? The Atlanta Fed’s flexible price index rose to 18.74% YoY. … Read more
This is what asset deflation looks like… The economy is melting down fast!
https://twitter.com/MFHoz/status/1547577863368425475 https://twitter.com/MFHoz/status/1547873218052050950 https://twitter.com/MFHoz/status/1547295051977555970 https://twitter.com/MFHoz/status/1547315706458505218 Republican economic expectations lowest on record. Democrat expectations lowest under Biden's presidency pic.twitter.com/Zdl6HSfCyH — zerohedge (@zerohedge) July 15, 2022 Consumer participation is declining in both real and now nominal terms, at least per $WFC's credit card spend data. Something to watch closely. https://t.co/Fu2YTyh2wU — Markets & Mayhem (@Mayhem4Markets) July 15, 2022 … Read more
[China in July] Having witnessed first-hand how the subprime mortgage crisis dragged down the Lehman Brothers and threatened the entire industry, this environment is starting to feel eerily similar.
It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties they’ve bought but that their financially strapped developers can’t finish. Some say that they will only resume payments when construction restarts. The protest involved more than 100 delayed projects as of July 13, up from 58 projects just one … Read more
The ECB is getting ready to fire a peashooter
by Shaun Richards This morning there are quite a few economic arrows pointing at the Euro area and by consequence the European Central Bank or ECB. One was unintentionally fired by the Bank of Canada yesterday. Today, we raised the policy interest rate by 100 basis points, or 1%. An increase of this magnitude at … Read more
How to save money: Simple Financial Tips
Are there ways of making a better income? You want to spend less but something happens. When life interferes with it, the car has to have the tires replaced, the teenager needs braces, and the house has to get a new roof. Is that something you know? The reality is, it is not necessary that … Read more
All these guys are completely clueless…
All these guys are completely clueless pic.twitter.com/9TUYJJlkPU — zerohedge (@zerohedge) July 14, 2022 Maybe it's time to retire. pic.twitter.com/ypeb7uB2sD — Sven Henrich (@NorthmanTrader) July 14, 2022 pic.twitter.com/HvZ8FVoEhC — RNC Research (@RNCResearch) July 14, 2022 RECESSION MOVES CLOSER 👇👇👇 pic.twitter.com/R8mgXqe2UN — Win Smart, CFA (@WinfieldSmart) July 15, 2022 Global recession is coming. The shock to US … Read more
China’s Troubled Property Market Has Global Investors On Edge
by Boo_Randy Millions of Chinese bagholders pre-paid for apartments that will likely never be completed as deeply indebted property developers are going bust left and right. Now huge numbers of those baggies have vowed to stop making their mortgage payments, which is going to further slam the Chinese banking sector. Will China be the first … Read more
THIS IS WHY EMPLOYERS ARE WILLING TO PAY WOMEN TO ABORT ELSEWHERE: It costs $20,000 to give birth in the US, study finds.
Being a parent is priceless — but how much does it cost to become one? A new study revealed that giving birth costs an estimated $20,000 in the US, an astounding number when the median household income is just $67,521. The Kaiser Family Foundation study used data from the IBM Health Analytics MarketScan Commercial Claims and Encounters Database, which … Read more
CLOWN WORLD: Today’s blacklisted American: University of California discriminates against everyone but American Indians.
“Segregation today, segregation tomorrow, segregation forever!” The University of California has now joined with the University of Arizona in deciding that American Indians should be afforded special favored treatment above all other races and will therefore no longer have to pay tuition. From the announcement letter [pdf], signed by the university’s president, Michael Drake: Starting in Fall 2022, the University … Read more
Biden has to be shown how to sit down
Look how he shuffles along, pointing. He needs to be in a nursing home. He’s got much worse lately This is concerning… pic.twitter.com/rMqQETvs5y — The Post Millennial (@TPostMillennial) July 14, 2022 h/t Tess
“Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing”
(Reuters) -Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. … Read more
Italy happenings: Taxi drivers protest in Rome, citizens storm mayor’s office, small farmers convoy has formed, and Italians celebrated news that the PM has resigned (July 14, 2022)
https://youtu.be/rrMB-2h8i4g Short video of protests today in Italy. Citizens stormed a mayors office voicing complaints about not having bread/food. A small farmers convoy formed to show support for the Dutch farmers. And a massive crowd of Italians celebrated the news of the Prime Minister resigning (I believe the resignation has been rejected). h/t Settlemente
Germany hits highest food inflation rate since the statistic has been recorded
by BoatSurfer600 JUST IN – Euro falls below dollar parity. pic.twitter.com/qJWroCtGfx — Disclose.tv (@disclosetv) July 14, 2022
Poverty Forces Girls to Use Cow Dung as Sanitary Pads in Socialist Zimbabwe
I take the dung, mould it and leave it to dry so that it easily absorbs the blood. The girls do not put the cow pattie directly on the skin. I wrap many clothes over it to avoid itching when placed on the underwear. Then I show them how to close their private parts to … Read more
7-11 Recommends that All of Their Stores in the Los Angeles Area Be Closed Due to Recent Deadly Robberies
7-11 has stores around the world. The company is available seemingly everywhere when you need a staple quickly. Now, unfortunately, because of recent deadly robberies at their stores, their leadership is recommending shutting down their stores in the Los Angeles area while the police find the killer(s). 7-11 is iconic. Its stores are seen seemingly … Read more
BLOOMBERG: “Fuel Price Freeze Fails to Halt Panama Anti-Inflation Protests; Demonstrators have blocked major highways and access to ports”
View post on imgur.com https://www.bloomberg.com/news/articles/2022-07-13/fuel-price-freeze-fails-to-halt-panama-anti-inflation-protests Inflation Protests, Strikes In Panama Grow Larger Despite Gas Price Cap https://t.co/UAOOzyLUl1 — zerohedge (@zerohedge) July 14, 2022 Hundreds protest in Panama against rising fuel prices and corruption : Demonstrations against fuel price hikes and corruption have been going on for more than two weeks in Panama, in one of … Read more
Obama Lashes Out at Former White House Physician for Questioning Biden’s Mental Health
by Martin Armstrong Rep. Ronny Jackson, R-Texas, a former White House physician under the Biden Administration, was reprimanded by former President Obama for admitting that everyone has been questioning Joe Biden’s mental health for years. “Holding the Line: A Lifetime of Defending Democracy and American Values,” a memoir penned by Jackson, discusses the conversations he … Read more
Bank Of Canada Interest Rate Could Hit 8% By Year End. Total Economic Collapse
The Bank Of Canada interest rate went up a full 100 basis points today. The BoC announced Canadians can expect further increases this year in an attempt to ease record inflation. Speaking with a TD advisor (i’ve known this person for over 20 years) – they are being told customers will likely see a full … Read more
Biden Admin Sued for Allegedly Hiding Records on “Hostile Takeover” of Federal Deposit Insurance Corporation
President Joe Biden’s Consumer Financial Protection Bureau (CFPB) is being sued by a watchdog for allegedly concealing records related to its “hostile takeover” of the Federal Deposit Insurance Corporation (FDIC), according to a complaint obtained by the Daily Caller News Foundation. CFPB Director Rohit Chopra, who sits on the FDIC board, came under scrutiny after … Read more