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by SilverBoatSurfer Mortgage Rate Hit 6.28% Today. Real Estate Market About to Get Interesting. Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates Wait for it: here comes the implosion of Housing Bubble 2.0. Trillions in fake wealth created by fake Yellen … Read more
by SilverBoatSurfer Source: https://www.reuters.com/business/warner-bros-discovery-cut-much-30-global-sales-jobs-information-2022-06-14/
by SilverBoatSurfer Source: https://www.news.com.au/finance/economy/world-economy/inevitable-aussie-multimillionaire-ceos-bleak-recession-call-as-inflation-bites/news-story/b116805261c581f73384b4ef2fc3369d
by SilverBoatSurfer It’s now logically impossible for this next stock market bailout to work as well as the last one. Gamblers are now trapped by moral hazard. They’ve been well trained to double down on risk and wait for their bailout. Sadly, no one has told them this time it’s not coming. The Fed has mistaken … Read more
NEW – Twitter employee in leaked chat: "We successfully deplatformed Trump – I don't think deplatforming Libs of TikTok is going to cause a mass exodus."https://t.co/piE303ojcl — Disclose.tv (@disclosetv) June 14, 2022
Man jailed in UK for posting memes of George Floyd in Whatsapp & Facebook group chats https://t.co/Mn8jYf1LMK — Ian Miles Cheong (@ianmiles) June 14, 2022 George Floyd is the gift that keeps on giving. Not only did he get a golden casket and a televised funeral, he’s now sending retired cops to jail for joking … Read more
The WHO will officially rename monkeypox over concerns of stigma and racism surrounding the virus that has spread to more than two dozen countries, @DrTedros says https://t.co/MKz4mXDwkx pic.twitter.com/hG0NuC2MTG — Bloomberg Originals (@bbgoriginals) June 14, 2022
by notausername86 Yesterday I went to pick up a couple of things to make for dinner, from a major national chain store. This store, is known for its “USDA prime beef” and they advertise it, all over the place. It’s their entire selling point of the store. So, as I’m cruising the meat section, being blown … Read more
JUST IN – WHO will convene an emergency committee next week to determine whether #monkeypox outbreak represents a health emergency of international concern. — Disclose.tv (@disclosetv) June 14, 2022 JUST IN – WHO will convene an emergency committee next week to determine whether #monkeypox outbreak represents a health emergency of international concern. — Disclose.tv (@disclosetv) … Read more
30-year mortgage has doubled since January thanks to Biden’s “Build Back Better”. I’m sure Biden will figure out how to blame Putin for this. My first home I purchased in 1991 had a 6% interest I believe. My last home was at 5.85% back in 2004. But going down to just a couple percent, I … Read more
by Stardustones
Midwest power & energy situation is bad and getting worse. Power costs up 300% from last June as officials weren't ready for a spike in power demand. Utility bills may go up 50%. Yes, 50% A quick post here .. but stay safe out there.https://t.co/c4Pq9Xaxcf — Brian Sullivan (@SullyCNBC) June 14, 2022 Biden’s “best economic … Read more
https://www.youtube.com/watch?v=nUBGtRvDFZ4
https://twitter.com/FrankieSnape/status/1536350463989366784 https://video.twimg.com/ext_tw_video/1536350386889625600/pu/vid/576×1024/D9iPMx5mM1GVO8rY.mp4?tag=12 https://twitter.com/FrankieSnape/status/1536353009831227392 h/t dr0id
by polloponzi Quick cheat-sheet to understand better the Fed jargon: “Love tap” = a strong kick to the nuts “Bring supply and demand in balance” = the destruction of businesses, wealth, families, and individuals “Soft landing” = a recession “Softish landing” = a deep painful depression “Transitory” = persistent “Landing” = crashing “Quantitative tampering” = … Read more
by lulzcakes Backwardation A commodity’s spot price trading lower higher than some given future contract is, in cases, normal (e.g. seasonality or perishable commodities). The backwardation we are seeing today is extreme by any standards. [Sorry, typo. Backwardation is spot > future. Although this was clarified in the following sentence, the above typo may have confused some people.] … Read more
by Michael It is often said that those that refuse to learn from history are doomed to repeat it. More than a decade ago, the Federal Reserve created the most epic housing bubble in American history and everyone was happy until 2008 came along. The economy slowed down, home prices crashed and the ensuing chaos … Read more
by Michael Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words. Last November, the total market capitalization for all cryptocurrencies crossed the three trillion dollar mark. This week, the total market capitalization for all cryptocurrencies actually dipped below one trillion … Read more
https://www.marketwatch.com/articles/bear-market-recession-spiral-fed-51655159287?mod=mw_latestnews Economist Paul Samuelson famously quipped that the stock market had predicted nine out of the last five economic recessions. By this he meant that the stock market tends to be overly pessimistic about the economic outlook. Before taking comfort in Samuelson’s quip, we might pause to think that there are good reasons to believe … Read more
