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by Charles Hugh-Smith The Fed and its minions are about to get what they so richly deserve: the full blame for the coming catastrophe. The key justification for the Federal Reserve’s zero-interest rate policy is that inflation is transitory. Sorry, Fed, inflation is already embedded, i.e. inflation is now a self-reinforcing feedback loop: price leaps trigger wage increase … Read more
*In China, the impact of real estate-related activities amounted to 29% of GDP in ‘16 Note that none of the 10 other major countries come close to this except Spain on eve of the financial crisis (28.7% in 2006) ~ even the US in 05 (peak) was just 18.9% of GDP Very Deflationary pic.twitter.com/btM1qGvFzx — … Read more
by Daniel Lacalle The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman.” Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber the entire subprime bubble of the United States. The problem with Evergrande is that it … Read more
View this post on Instagram A post shared by Steph Davey (@stephdavey) https://citizenfreepress.com/breaking/aussie-cops-get-more-repressive-every-day/
https://twitter.com/NorthmanTrader/status/1442541174141722629 The chart shows how without credit impulse the party is over. Economies are hooked on credit impulse cycles in the absence of real growth 👇 H/T @AndreasSteno pic.twitter.com/gq0UkMsU3w — Menthor Q (@MenthorQpro) September 27, 2021 Busiest US container port complex warns of industry ‘crisis’ over supply chain disruptions https://t.co/HbNz0D01GS — FOX Business (@FoxBusiness) September … Read more
This is quickly becoming a reality. Business activity is decelerating as inflation remains historically elevated. The set of policies to fix one problem would worsen the other. Note that a similar divergence occurred prior to the Global Financial Crisis.#trapped pic.twitter.com/7R8WQT67rV — Otavio (Tavi) Costa (@TaviCosta) September 27, 2021 Everyday foods that could soon become luxuries… … Read more
by Bluecoregamming I thought spreads were a way to gamble on options without having to worry about IV crush, and that’s still true, but pin risk is new and if you don’t know about it, it can eat you alive via WSB
With Evergrande’s looming collapse and China’s ban on all crypto transactions, Jared Dillian, editor of The Daily Dirtnap, sees that the next crisis will be coming from China—here, he shares his thoughts on if it’s time to go short and how the nature of denial affects an investor’s psyche. Interviewed by Jack Farley. Want to … Read more
CNN’s Matt Egan reported that economists are downgrading the GDP forecast and “saying we’re going to have more” inflation, during a segment on CNN’s “Newsroom” with Alisyn Camerota and Victor Blackwell on 9/27/2021. Be sure to like, subscribe, and comment below to share your thoughts on the video.
https://www.facebook.com/NorridgeNeighborhoodWatch/posts/387499619660802 Stunned customers watch a brazen robbery at Ulta Beauty in Chicago: pic.twitter.com/12fG4R7DBh — Andy Ngo (@MrAndyNgo) September 28, 2021 h/t dr0id
Senate Republicans blocked a House-passed bill that would prevent a government shutdown and a potential default on U.S. debt. Lawmakers have to pass an appropriations bill by Thursday to avoid a shutdown, and need to suspend or increase the debt limit sometime in the coming weeks to prevent a default. Democrats may be forced to … Read more
Like Australia, Italian Truck Drivers are blocking the roads pic.twitter.com/SVM7C5fk13 — hugotalks (@hugotalks1) September 27, 2021 https://twitter.com/TheJuggernaut88/status/1442085351770636289 #Italy Italian truck drivers block the main roads in protest against the greenpass https://t.co/HyIWmG7how — Francesco Mereu 2 (@fracchio_2) September 27, 2021 h/t Creativity Of Liberty
In October 2020, CNN desperately spread DISINFORMATION about the authenticity of Hunter Biden’s laptop. They didn’t even bother to check into the veracity of the story published by the New York Post beyond checking their own “intelligence community” that had a vested interest in seeing the removal of President Donald Trump from office. We have … Read more
The “black swan” event of a solar superstorm directed at earth could prompt an “internet apocalypse” across the entire globe that could last for several months, new research (pdf) has warned. University of California Irvine assistant professor Sangeetha Abdu Jyothi presented the new research, titled “Solar Superstorms: Planning for an Internet Apocalypse,” last month during … Read more
h/t New-Faithlessness972
In today’s show, you will learn why Wells Fargo is in trouble again and what that means from a monetary perspective, if the U.S. will default on its debt, how investors have turned into gamblers and how that can lead to a market crash, how durable goods new orders indicate inflation will eventually cool, why … Read more
https://www.youtube.com/watch?v=IY5mwZuxS1o Mike LaChance from American Lookout reports, The Democrats’ $3.5 trillion spending bill is so massive and so packed with pork, that it’s hard to know what’s even in it. One buried item that no one is talking about is a bailout for the liberal media. Do you want your tax dollars going to them? … Read more
