Record UK Gasoline Prices See Biggest Daily Surge In 17 Years

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, …

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Eurozone’s probability going into recession got extra momentum as refinancing cost continues to soar.

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 …

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“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.’

“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 — …

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The Worst Economic Gloom In 50 Years

by Michael We haven’t seen anything like this in decades.  Energy prices are soaring to unprecedented heights.  Food shortages in some parts of the world are starting to become quite severe.  Rampant inflation is out of control all over the globe.  Meanwhile, …

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If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with five conditions in confluence, this recession will be unlike any other.

by Charles Hugh Smith on Of Two Minds: Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession. Severe, long-lasting recessions occur when multiple conditions arise …

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COW FARTS WILL COST FARMERS

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 …

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GFC 2.0 at higher base and higher rate of interest

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 …

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Janet Yellen lies again about efforts to bring down energy prices. They have cancelled oil/gas leases. They have cancelled pipelines… Tucker Carlson: Why does she still have her job?

https://twitter.com/WallStreetSilv/status/1534596117395935234 SHOT: Biden claims ‘more Americans feel financially comfortable’ since he took office. Chaser: Majority Now See Another Depression Ahead. “Be the f***ing president!”: Dems despair as Biden’s job approval hits lowest mark ever.