IWB
Only 3 times on the monthly we saw a death cross between the 10 and 20 MAs – 2001, 2008 and Now
$QQQ $SPY $IWM Only 3 times on the monthly we saw a death cross between the 10 and 20 MAs👀 2001, 2008 and Now pic.twitter.com/7AztG5R6ye — Mauro (@MauroBianchi24) August 2, 2022 $TNX $TLT pic.twitter.com/WWzDmmF7DT — Arun S. Chopra CFA CMT🧐 …
THIS IS A HUGE MIDDLE-CLASS TAX INCREASE.
78% to 90% of the money raised from super-sizing the IRS would come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000. THIS IS A HUGE MIDDLE-CLASS TAX INCREASE. …
First GDP estimate update of the quarter, and it’s already down by 0.8% from original estimate. 3Y Treasury Yield is looking to catch up to 20Y Yield after passing 30Y Yield.
by laflammaster 3Y Treasury Yield is looking to catch up to 20Y Yield after passing 30Y Yield. Everything is fine. Tick up for July ISM Services to 56.7 vs. 53.5 est. & 55.3 in prior month; new orders bounced back …
Non-woke liberals describe ‘living hell’ in Democrat shit hole Minneapolis…
Charred rubble and shells of burned homes are what’s left of three properties on 14th Avenue South in the Phillips neighborhood of Minneapolis. Neighbors suspect the July 20 fires were connected to a nearby homeless encampment, but that is unconfirmed …
Tiny Company in UK with only 3 staff handed £70 billion Net Zero Contract
The Place Group will ‘control, manage and deliver’ the public sector transition to Net Zero. Its website states: “We have a strong track record of developing winning free school applications and trusts across the country” https://www.cornwalllive.com/news/cornwall-news/small-company-cornwall-awarded-giant-7407664?fbclid=IwAR0dlG_Xk1c6q4hthJ8qVBPSir7TbMnx-k5xlcikUT-xko868_ayhx_bkUM&fs=e&s=cl I searched the Company. …
Persistent Inflation Scares The Fed
By Michael Lebowitz The markets are now betting that inflation will soon subside, allowing the Fed to pivot. But, if inflation proves persistent and not transitory, the Fed may have much more work to do, to the detriment of asset …
Global Social Unrest Has Just Begun With Chris Martenson
The Lead-Lag Report, Released on 8/2/22 Believe it or not, the Fed may not be telling us the truth about tightening. Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends …
The central bankers have been forced into promising even more interest-rate rises
by Shaun Richards Yesterday was an intriguing day and no I am not referring to the record numbers watching Flight Radar to follow the flight carrying Nancy Pelosi to Taiwan. What we saw was a stepping up of open mouth …
Joe Rogan: Biden Admin “Weasels Gaslighting” Americans
Podcaster and comedian Joe Rogan called the Biden administration a “bunch of weasels” that are “gaslighting” the public by changing the definition of “recession.” Rogan made the comments during the latest installment of his show while speaking with guest Chris …
TROUBLES: FORBES for sale…
Adds NYT report details, Citigroup response Aug 2 (Reuters) – Media firm Forbes is exploring a sale of its business at a price of at least $630 million, the New York Times reported on Tuesday, citing four people with knowledge …
This Fed Announcement Is Driving Democrats Mad
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, warned Sunday the inflation crisis does not appear to be slowing down anytime soon. Inflation hit 9.1% last month, a figure not seen in more than 40 years. What did …
Weakest services PMI since May 2020
⚠️ U.S. IHS Markit Services PMI Final (Jul): Act: 47.3Prev: 52.7Fcst: 47 Business activity declines for first time in over two years amid soft demand conditions Fastest fall in output since May 2020https://t.co/b33hpiVcN4 pic.twitter.com/vDlMiTtDVy — PiQ (@PiQSuite) August 3, 2022 …
Americans are piling up credit card debt as they struggle to keep up with the high cost of living
by Boo_Randy Per the NY Fed, U.S. household debt hit a record $16 trillion as soaring inflation outstripped wages, causing consumers to sink deeper into debt. This is not going to end well. Heckova job, “Zimbabwe Ben” Bernanke, Yellen the …
Sounds like money laundering
by BoatSurfer600 Source: https://markets.businessinsider.com/news/stocks/amtd-digital-hkd-stock-price-ipo-chinese-tech-retail-traders-2022-8 Trap for retail
The US is tightening restrictions on China’s access to chipmaking gear.
Basically. The US has asked countries with cutting edge Fab. To refrain from selling tech to China. Also No more can China Fab 10nm. The US is only allowing China to Fab upto 14nm. The US has reached out to …
Celebrities Normalizing Bug Consumption
by Martin Armstrong In my interview with Maria Zeee, you may have heard us mention the propaganda efforts to make eating bugs seem normal. In 2018, actress Nicole Kidman made a video for Vanity Fair in which she eats “micro livestock” …
Hackers take 200 million in tokens from crypto bridge service in free for all heist
Hackers yanked almost $200 million in crypto from Nomad, a so-called blockchain bridge. Blockchain bridges allow users to transfer tokens from one network to another. They’ve become a prime target for hackers seeking to swindle investors out of millions. Hackers …
Everything has become Orwellian…
New Media Rule: Don’t Say Gay Mainstream journalists have adopted what critics are calling a “don’t say gay” approach to covering the monkeypox outbreak in the United States. The media’s coverage of monkeypox, which officials in New York and California …
The Great Recession: Facts vs. Denials
By Matthew Piepenburg Once again, the US is facing a recession which Main Street feels, Wall Street whistles past, and DC simply denies. Below, we look at these recessionary forces and delusional policy makers in the context of blunt-speak rather …
Nuclear Plant Out Of Control…
UN nuclear chief: Ukraine nuclear plant is `out of control’ The U.N. nuclear chief warned that Europe’s largest nuclear power plant in Ukraine “is completely out of control” and issued an urgent plea to Russia and Ukraine to quickly allow …
Look At Her Go!
https://twitter.com/RealDante12/status/1554272237506609152
JEROME POWELL TIMELINE
h/t Jim Quinn
Mohamed El-Erian discusses Pelosi’s Taiwan visit
CNBC, Released on 8/2/22 Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins CNBC’s ‘Squawk Box’ to weigh in on the markets ahead of the open on Tuesday. Mohamed El-Erian is the Chief Economic Adviser of …
Home prices are collapsing at the fastest pace since 2008.
https://twitter.com/WallStreetSilv/status/1554769050764562435 The "American Dream" shopping mall is in default.https://t.co/haFV1TNGok Another casualty of misallocated cheap capital. 14 years of 0% rates later, pundits wonder relative to 2007, where is the leverage this time? Everywhere. pic.twitter.com/TmyeBQZk44 — Mac10 (@SuburbanDrone) August 2, 2022
You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a bear market.
During the "tech wreck" 2000-2002 the Nasdaq 100 declined -83% During this time there were seven bear market rallies of more than +20% You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a …
George Gammon: Zoltan Pozsar Makes Terrifying New Prediction
Rebel Capitalist, Released on 8/2/22 George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. …
GIECO abruptly closes all offices in CA. Many insurers stop writing in Louisiana – what’s really going on!?
by AC GEICO, one of the largest insurance companies in the United States, reportedly closed all 38 of it’s California offices on Monday, resulting in hundreds of workers being laid off. According to the company, GEICO would not be leaving …
The Diesel Crisis Is Far From Over
By Charles Kennedy Despite expectations of an economic slowdown, diesel demand appears to be rising unabated. For some countries around the world, diesel shortages are already a reality, and European countries are racing to secure diesel ahead of the embargo on …