On Wire

🇺🇸 Almost all the economic numbers are aligned: A U.S. #recession is now likely – MarketWatch *Link: https://t.co/Rwyhf22FKS pic.twitter.com/GUwVlrDoom — Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) July 22, 2022 https://twitter.com/WifeyAlpha/status/1550378555124711424 Port congestion statistics peaked with the container shipping cycle pic.twitter.com/O8KPrxNVGr — Michael Fritzell (Asian Century Stocks) (@MikeFritzell) July 22, 2022 Tech Earnings and FOMC have been … Read more

Welcome to Los Angeles. pic.twitter.com/PijL7uxCDT — Ian Miles (@ianmiles) July 22, 2022 h/t Dan

Missouri Republican Attorney General Eric Schmitt and Louisiana Republican Attorney General Jeff Landry were granted permission to proceed with the discovery phase of the trial last week in a ruling by U.S. District Court Judge Terry Doughty. In addition to Fauci, who announced earlier this week he would retire in 2025, and Jean-Pierre, discovery requests … Read more

As was pre-ordained, the House Judiciary Committee passed HR 1808 on to the full House of Representatives yesterday. The bill moved on after a party-line vote which was preceded by some of the most entertaining debate and testimony in recent memory. And by entertaining, we mean in a facepalmingly sardonic, end-of-the-empire kinda way. As was … Read more

Meanwhile, Twitter has begun suspending people for using the word "groomer." https://t.co/nfpj39r7kJ — Seth Dillon (@SethDillon) July 22, 2022

https://twitter.com/P_McCulloughMD/status/1550468198964903936

Emerging markets credit crunch around the corner https://t.co/72RQpWDSbF — Alessio (@AlessioTMAD) July 20, 2022 The contagion of liquidity crunch Caixin pic.twitter.com/8AIZivyK2i — Alessio (@AlessioTMAD) July 21, 2022 Emerging markets performance worst since Asian financial crisis pic.twitter.com/oRLg9cIBQc — Alessio (@AlessioTMAD) July 20, 2022 Back in 2015 and 2018 the Fed blew up global markets with a … Read more

Anyone who thinks THIS is capitulation is a useful idiot. Who wants to be on record ignoring the largest collapse in history while it happened? Permanent loss of credibility. pic.twitter.com/lWUTttYCZS — Mac10 (@SuburbanDrone) July 21, 2022 Inventory glut anyone? Recession in production https://t.co/tuWlf56lF3 — Alessio (@AlessioTMAD) July 21, 2022 Lo spread 244bps.. QE + rate … Read more

An Alaska Airlines flight this week from Washington to San Francisco was delayed due to a spat between the two pilots. After a delay of more than an hour and a half due to a storm, the plane made it onto the runway at Washington Dulles International Airport in Virginia, but turned around and returned … Read more

https://twitter.com/notBilly/status/1550210769366593536 h/t Mason Firefly

Note: Unconfirmed. His claim, not mine. #BREAKING: Second round of the airstrike of #Israel Air Force at #IRGC related targets in #Damascus. You can hear the cruise missiles flying toward Damascus in this footage. The first round have most likely targeted air defense systems of #Syrian Arab Air Defense Force. pic.twitter.com/sgAg5ddYUC — Babak Taghvaee – … Read more

AT&T Inc. T -1.82%▼ said more of its customers are starting to fall behind on their bills, a sign that rising costs are pinching many households even for services most Americans consider essential. The wireless giant logged another customer surge in its latest quarter after smartphone promotions helped it lure new clients and keep existing … Read more

PERINTON, N.Y. (WROC) — A Fairport man has been charged with attempted assault for his involvement in an attack on Congressman Lee Zeldin during a campaign event in Perinton Thursday night. Zeldin is the Republican candidate for governor in New York State. Witnesses say Zeldin was giving a speech about bail reform at the VFW … Read more

by Boo_Randy All over the world, the financial elites are massively increasing their wealth, while the 99% keep falling further behind economically. https://www.aljazeera.com/economy/2022/7/21/cost-of-living-blood-sweat-for-a-seoul-food-delivery-driver As fuel prices rise and pay rates stay the same, a driver and labour rights leader is fighting increasing precarity.

by Boo_Randy Heckova job sorting out that supply chain mess, Pete Buttplug. https://www.dailymail.co.uk/news/article-11035699/Trucker-strike-Port-Oakland-15-container-ships-waiting-dock-four-day-closure.html New photos show the growing number of ships waiting offshore as a trucker strike disrupts operations at the Port of Oakland in California. The largest marine terminal at the Port of Oakland was closed on Thursday, while the three other marine terminals … Read more