Recession deniers need to wake up! The ultrapro short QQQ ETF registered the biggest inflow since inception; Earnings estimates are getting slashed the most since 2020

The Chicago Fed National Activity Index "unexpectedly" sank to -.19 in June, its lowest level since Feb. The estimate was for .05. The prior month was also revised down from .01 to -.19. My guess is that June will be revised lower next month. #Recession deniers need to wake up! — Peter Schiff (@PeterSchiff) July … Read more

Most Americans Think Government Is Corrupt, a Third Say Armed Revolution ‘May Be Necessary’ Soon

Another sign of growing discontent in America? A new poll from the University of Chicago’s Institute of Politics finds a majority of Americans think the government is corrupt and stacked against them. To probably no one’s surprise, 73 percent of poll respondents who identify as “strong Republican” respondents agreed with the statement that the government is “corrupt and … Read more

Inflation may hit 15% this winter, as Bank of England hints it was considering steeper interest rate rises to cool inflation

by Boo_Randy The Keynesian fraudsters at the central banks are always “considering” or jawboning about steeper interest rate hikes, while they keep expanding their balance sheets thanks to their “unlimited” bond buying “tools” which equates to unlimited QE. In terms of inflation, we ain’t seen nothing yet. https://www.dailymail.co.uk/news/article-11044827/Inflation-hit-15-winter-Bank-England-hints-considering-steeper-rate-rises.html

Paul Pelosi Already Up $500K on Stock Trade

Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it’s mostly a hypocritical marketing ploy. Bernie Sanders, the socialist, lives a pretty non-socialist life with a town house, a vacation home and all the comforts of the bourgeoisie while he claims to champion the proletariat. There’s no … Read more

PA Sending Out $650 Rent Rebate Payments

Qualifying homeowners in Pennsylvania could receive rebates of up to $975 as part of the state’s property tax/rent rebate program, the Department of Revenue announced. An estimated $121.7 million will be distributed to homeowners across the Keystone State, targeting homeowners who are older, have a disability, or are renting property, per the department. The application … Read more

The RATS are Fleeing the TITANIC…

NEW YORK (Reuters) -Deutsche Bank’s global investment banking coverage and advisory chief Drew Goldman will step down and be replaced by regional heads, according to a memo seen by Reuters on Monday. Goldman, who has held numerous leadership roles during his 22-year tenure at the German lender, wants to pursue opportunities outside investment banking, according … Read more