On Wire

Home Builder Buyer Traffic just hit early-2008 Levels.📉 I'm not sure people have fully grasped how bad this Housing Recession/Crash is. pic.twitter.com/M4QTuwO9Yx — Nick Gerli (@nickgerli1) November 16, 2022 Many of these same stubborn sellers existed in 2007-08. Thinking that it was only a "mild" Housing Correction. Then Lehman Brothers happened. The Unemployment Rate Spiked. … Read more

Guest post by Peter Schiff from his blog SchiffGold.com: Walmart recently announced better-than-expected third-quarter sales growth. This may seem like great economic news until you realize the reason behind the retailer’s big jump in sales. As it turns out, wealthier shoppers are flocking to Walmart to make ends meet as rising prices squeeze pocketbooks. In its earnings … Read more

With 116.6 million followers, your polls are starting to become statistically significant. What if Twitter had an "All Users" poll that you could push to every single twitter account to find out what the entire network is thinking, with no particular adverse selection? 🤔 — Michael Saylor (@saylor) November 19, 2022 h/t Aftermath

by Chris Black Unlike Trump and DeSantis, Hawley is a plausible phony populist. He seems to be trying to develop a worldview, rather than making it up as he goes along. Anyone who articulates secular nationalism on culture, even if only “implicitly” white, along with workerism on economics, will steamroll their opposition in an election. … Read more

by Chris Black It started with transsexuals on social media asking people to CashApp them money just for existing, it ends with this becoming an official state policy. If you’re in San Francisco, it’s every NEETs duty to fill out this form and get the GIFT. 🧵 THREAD 🧵 If you’re wondering how crazy San … Read more

2/For anyone who needs a refresher, here’s what happened: A bunch of twenty-somethings who were all sleeping with each other went to the Bahamas and set up crypto exchange FTX and trading house Alameda, which were valued at $32 billion. Then everything fell apart. — Genevieve Roch-Decter, CFA (@GRDecter) November 18, 2022 4/Then Binance said … Read more

Something broke in the global financial system. U.S. banks are pulling liquidity out of Reverse Repo which means there's a sudden spike in credit stress and lending is ceasing up. The Fed pumped $2.5 trillion into RRP to mask any need for Repo interventions. pic.twitter.com/yejAC5APXM — Financelot (@FinanceLancelot) November 18, 2022 Put-call ratios at level … Read more

by BoatSurfer600 Source: https://www.cnbc.com/2022/11/18/carvana-to-lay-off-1500-employees-amid-economic-uncertainty-.html https://twitter.com/ThisIsREngland/status/1592592277116854277 Amazon CEO Andy Jassy says layoffs will continue into next year Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday. The company began informing workers this week that they were being let go. “I’ve been in this role … Read more

#PBOC advisor Liu Shijin:It's difficult for #China to achieve 5% growth this year;China should aim for at least 5% growth next year pic.twitter.com/nRcgsLr5GL — Cathy Yuan Zhang (@CathyYuanZhang) November 18, 2022

h/t  ADdreaming

CitizenFressPress.com (CFP) was not the only account to have shared the clip, though appears to be the only one that has received a suspension for doing so. Though the video can still be viewed on Elon Musk’s platform, it now carries a warning label which claims the video is “misleading,” as well as noting that … Read more

‘Dozens of court documents relating to Jeffrey Epstein’s associates, including a billionaire businessman, will be made public after a judge ruled the public interest outweighs the right to privacy. Judge Loretta Preska on Friday ruled that the material concerning eight people should be unsealed despite one subject claiming it could ‘wrongfully harm (his) privacy and … Read more

by marketGOATS