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Christina Pushaw, the press secretary for Republican Florida Gov. Ron DeSantis, outlined her approach to dealing with the corporate media in an interview with the Daily Caller News Foundation. It’s crucial for conservatives to reject the media’s framing of an issue when it’s inaccurate or blatantly partisan, she said, but her refusal to accept the … Read more
https://twitter.com/WallStreetSilv/status/1556484293936812033 https://twitter.com/WallStreetSilv/status/1556478319817809920 https://twitter.com/WallStreetSilv/status/1556362037768310784 The list of fertilizer and chemical plants shutting down or rationing in the EU is impressive. With these gas prices, the list will grow.According to @ICISOfficial, around 40% of urea production may have been cut in EU.Despite a possible recession, food prices will increase. pic.twitter.com/lCmq86YnT2 — Francesco Sassi (@Frank_Stones) August 7, 2022 … Read more
While researching for his next book, Mike Maloney unearthed some new data that shows some disastrous headwinds for the US economy. Be the first to see it here as Mike is joined by Adam Taggart to discuss the events in China and Taiwan, manipulation of the precious metals markets, an update on the yield curve … Read more
by Chris Black We had Texas Instruments. It was replaced by TSMC. So China will cut off Taiwan Semiconductor’s supply of fine silicon for making chips, turning the entire world upside down. 20 Total Chinese & Taiwan Warships In ‘Close Quarters’ Standoff In Strait As Drills Wind Down https://t.co/6vD0EQz933 — Trade For Profit 📈 (@TFPdaily) August … Read more
by Chris Black Because remember: taxing corporations is a real thing and it also reduces inflation. That’s basic economics 101. New York Post: Leading GOP figures eviscerated Senate Democrats for pushing through a $740 billion package that would spend on energy and health care while raising corporate taxes with the GOP chair warning midterms would be painful … Read more
2/ When @elonmusk requested more information about spam and fake accounts; Twitter provided a vague response. Then provided outdated data; Then offered a fake data set (not real "firehose");Then provided a cleaned data set where they already suspended the malicious accounts; — Andrea Stroppa 🐺 Claudius Nero's Legion 🐺 (@andst7) August 5, 2022 4/ @elonmusk … Read more
https://twitter.com/Antman0704/status/1555584468538331137 h/t dr0id
by Shaun Richards This morning has brought news in what we need to know consider as the first line of defence for the bond market of Italy ( and one or two others). Regular readers will recall that there was a plan to reshuffle existing purchases to boost the periphery. The Financial Times describes it … Read more
by BoatSurfer600 🇺🇸 #Recession | *US 2-to-10 Year curve inversion reaches mark last seen in August 2000 – Bloomberg pic.twitter.com/0on4eVcM4D — Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) August 8, 2022 Monetary tightening stage 2 – on a backward looking basis, private sector borrowing has partly offset Fed tightening. But bank lending standards have tightened enough so … Read more
By Julianne Geiger AAA: Gasoline prices on Monday in the United States slipped to an average of $4.059 per gallon. Diesel will likely soon fall under $5 per gallon. Gasbuddy: Gasoline prices have fallen for the eighth week in a row. Gasoline prices in the United States could fall below the $4 per gallon mark, Gas … Read more
by confoundedinterest17 Is The Federal Reserve pushin’ too hard on raising their target rate? The US Treasury 10Y-2Y yield curve descended further into inversion, signaling impending recession. The US unemployment rate (U-3) tends to be the lowest when the 10Y-2Y yield curve inverts, then explodes when recession strikes. The spread between the Bankrate 30-year mortgage rate … Read more
Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October. Britain’s Post Office, which offers banking services as well as mail, handled a record £801 million ($967 million) in personal cash withdrawals in July. The company also attributed the jump … Read more
Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then this spring, Raschke learned her rent was increasing by $617 a month. Delivery was one of the first things she … Read more
Joe Biden’s job approval ratings are at record lows, with only 19% support among Hispanics and plummeting support in swing states. Speculation is that the activities of his son, Hunter Biden, will further damage his chances at a run for reelection in 2024. While Washington insiders are skeptical that Joe Biden’s Justice Department would indict … Read more
SoftBank posted one of its biggest losses at its Vision Fund investment unit for its fiscal first quarter, as technology stocks continue to get hammered amid rising interest rates. The Japanese giant’s Vision Fund posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter. This is the second-largest quarterly loss for the … Read more
by Martin Armstrong To my total shock, I know a family that fled Poland to flee from Russia and went to Canada. They then fled Canada because of all the insanity of Trudeau and refused to return. Since their visa for America is expiring, they said to me that they may now go to Russia. … Read more
(Bloomberg) — Venezuela’s government has produced letters apparently signed by Queen Elizabeth II to bolster its claim to more than $1 billion of gold stored in the Bank of England. The diplomatic correspondence is evidence that the UK recognized Nicolas Maduro as Venezuela’s president, said Calixto Ortega, the head of Venezuela’s central bank. This undermines … Read more
By Tsvetana Paraskova With a European ban on Russian crude and fuels looming, diesel markets are set to tighten even further despite weak economic growth. Distillate fuel inventories in the U.S. just witnessed the biggest drawdown for this time of year in at least 32 years. As we enter heating season in Europe, which is … Read more
These people are beyond saving. https://twitter.com/Antman0704/status/1556299084188745733 AC
