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America’s energy crisis is getting worse by the day, and U.S. consumers are about to face a triple threat: simultaneous shortages of electricity, oil, and gas. The recent closure of key power plants is leaving the country without enough generation capacity ahead of the summer. At this point, rolling blackouts are already a certain fate. … Read more
by Shaun Richards The last 24 hours or so have brought news of the economic clouds darkening over the Euro area. We can start with La Belle France where it turned out that the past was not what had been claimed. In Q1 2022, the decline of GDP in volume terms* (-0.2% in Q1, after … Read more
By Graham Summers, MBA The financial media is pushing the narrative that the Fed is about to “pivot” in terms of inflation. Put simply, the argument is that inflation has peaked, so the Fed won’t need to raise rates by 0.5% past the month of September, at which point it will either PAUSE raising rates … Read more
CNBC, Released on 6/1/22 Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins CNBC’s ‘Squawk Box’ to discuss the Federal Reserve and his outlook for interest rate hikes later this year. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and … Read more
Among all consumers surveyed, 61.3% reported living paycheck-to-paycheck in April, a 9 percentage-point increase from a year earlier, LendingClub said in its report. To finance their lifestyles, higher-income households are more likely to put expenses on credit cards — but also more likely to be able to pay off their balance in full. US consumer … Read more
Here’s a look at four of the first names to hit the tape this week, with most other major auto manufacturers set to release data within the next day or so. *HONDA MAY U.S. AUTO SALES -57.3% *TOYOTA US MAY SALES 175,990, -27.3% Y/Y *MAZDA N. AMERICA MAY SALES DOWN 63.7% *NISSAN APRIL GLOBAL SALES -29.1% https://www.zerohedge.com/markets/auto-armageddon-may-sales-data-shows-dramatic-slowdown-us-new-car-sales h/t CharlieFoxtrot
by Simon Black of Sovereign Man Here’s a roll-up of some of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Bank CEO: Inflation and Energy Shortages are “Worth It” Kjerstin Braathen, CEO of Norway’s largest financial services group, spoke on a panel … Read more
This is a textbook example of how a nuclear war begins. One step at a time.https://t.co/qoyM2mxyra — Jim Rickards (@JamesGRickards) June 1, 2022
Daniel Douglas was the most highly paid and earned $510,283, an increase from $442,712 in 2020. As the “lifeguard captain,” he out-earned 1,000 of his peers: salary ($150,054), perks ($28,661), benefits ($85,508), and a whopping $246,060 in overtime pay. The second highest paid, lifeguard chief Fernando Boiteux, pulled down $463,517 – up from $393,137 last … Read more
Happening now: 20+ schools across Baltimore City are dismissing early today due to high temperatures and no AC. I just spoke to a mom here at Cross Country Elementary/Middle who says she went here 20 years ago — and remembers early dismissal for the same reason.@FOXBaltimore pic.twitter.com/yO1pZ5JOK5 — Amy Simpson (@AmySimpsonTV) May 31, 2022 h/t … Read more
by Craig Hemke via Sprott Money News Your Masters of The Universe at the Federal Reserve would like you to believe that they have inflation under control and they can solve the problem through a few hikes of the fed funds rate. This is foolhardy and today let’s look at just one problem that they cannot fix. If … Read more
'The number of firms in the Nasdaq Composite index is nearing levels last seen during the dot-com bust.' https://t.co/tTuPx1NdDI via @thedailyshot pic.twitter.com/LKRTdBKSZH — Jesse Felder (@jessefelder) June 1, 2022 The Zombification of Nasdaq https://t.co/tTuPx1NdDI via @thedailyshot pic.twitter.com/Ky8lNMuKkm — Jesse Felder (@jessefelder) June 1, 2022
US households haven’t been this gloomy on stocks in about a decade, according to the Conference Board. Today's edition of The Daily Shot Brief: https://t.co/wRY38zEl4A pic.twitter.com/KQBDZANKIS — Lev Borodovsky (@thedailyshot) June 1, 2022 🇺🇸 Economic Surprise The Citi Economic Surprise Index for the US continues its decline. Will the Fed be more dovish than expected?👉 … Read more
Clayton Morris at the Redacted You Tube channel covers the immoral and corrupt billionaires agenda being carried out in Davos Switzerland at the World Economic Forum as the parasitic elite conspire to remove humanities freedoms and lock us all under a digital currency, ID and AI control system. https://www.youtube.com/watch?v=qkujMSZoaoQ h/t ClarityofSignal
by confoundedinterest17 Another 10 basis point jumps in Treasury yields, this time at the 2-year Treasury Note. The 10Y-2Y Treasury slope just flattened to +26 BPS. Another step in rising mortgage rates! Washington DC is anything but Harmony Hall.
by Akzodian This morning on my TOS newsfeed (set to whatever stock I am looking at, currently AMC) was a series of posts all saying “SEC Takes Aim At Retail Investors” – it was posted 7 times in a row starting at 6:36 this morning crowding out everything else. https://www.youtube.com/watch?v=av3k_lcGm9g Comments?
