by Martin Armstrong The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White House began extracting oil from the emergency reserves to combat rising gas prices. Politicians simply … Read more
by Shaun Richards One of the economic forces of 2022 has been the strength of the US Dollar and its impact on the rest of the world. There was something of a symbolic move yesterday as the Japanese Yen moved through 140 and indeed another one with the Euro falling through parity although a little … Read more
via nypost: Despite a summer rally, the US stock market is still an unprecedented “superbubble” that will cause financial “tragedy” for investors when it bursts, according to famed investor Jeremy Grantham. Grantham, the co-founder of asset management firm GMO in Boston, said the current superbubble is entering its “final act” due to deteriorating economic conditions. … Read more
This image will forever define the Biden presidency pic.twitter.com/LIbLS9n6GE — Phil Holloway ✈️ (@PhilHollowayEsq) September 2, 2022
via WOLF STREET: Inflation in the Eurozone jumped to 9.1% in August, a new record in the Eurozone data going back to 1997, according to preliminary data released today by Eurostat. It topped out at 25.2% in Estonia. Germany hit at a record 8.8%. This spike of inflation started suddenly in early 2021, after years of ECB money-printing … Read more
by ElleMira Last year Providence RI saw a significant number of teachers leaving the school district. Now, even more are resigning right as the new school year starts: Providence RI starts school year with 162 teacher vacancies… Aug 30, 2022 According to human resources data, as of last week 232 teachers had resigned or retired in … Read more
Dems win second special election in August, flipping a seat from red to blue. Democrat Mary Peltola wins Alaska House special election to succeed late GOP AK Rep Don Young. Peltola defeats Republican & fmr GOP VP nominee Sarah Palin. — Chad Pergram (@ChadPergram) September 1, 2022 A) Pelosi: Congratulations to Congresswoman-elect Mary Peltola on … Read more
