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Fed policymakers had already all but promised half-point interest rate hikes at their meeting next week and again in late July, following May’s half-point hike and the start of balance sheet reductions this month. That would be more policy tightening in the space of three months than the Fed did in all of 2018. On … Read more
🌾 Global food prices are soaring. Rice could be next The United Nations’ Food and Agriculture Organization Food Price Index already shows international rice prices creeping up for the fifth straight month to reach a 12-month high.https://t.co/UU9c7cZFAz pic.twitter.com/bR2hzTegSK — PiQ (@PiQMarkets) June 13, 2022
Food prices set to soar even MORE: Kraft, Tyson and McDonald's owners say higher fuel, labor and ingredient costs will be passed on to customers https://t.co/QcRLkVgTSt via @MailOnline — WTF (@chrisalbertell1) June 12, 2022 The already exorbitant prices American consumers are spending on groceries is expected to increase even more as company executives continue to … Read more
Bitcoin correction update: -66% from its all-time high, lowest level since December 2020. $BTC pic.twitter.com/4MZkPgXTrM — Charlie Bilello (@charliebilello) June 13, 2022 For all the attention crypto may grab here – if this is really breaking, it is THE SINGLE BIGGEST event in macro so far this year and if you have been following me … Read more
by IceBladeQueen Right now the Fed is trying to get inflation down, which means they’re removing liquidity from the markets. It’s not going to stop inflation because it’s actually driven by supply shortage and has nothing to do with liquidity/amount of dollars, but the Fed wouldn’t know that. Food and Energy cant be printed, but … Read more
Intentional glitch or harbinger of financial death? View post on imgur.com After correcting, it did it again just now View post on imgur.com AC
by Shanobido47 NOW – Global #cryptocurrency market cap drops below $1 trillion. pic.twitter.com/evEtyXs55X — Disclose.tv (@disclosetv) June 13, 2022 Watch Heise Says here https://www.nbcnews.com/news/us-news/crypto-firm-celsius-pauses-transfers-withdrawals-markets-tumble-rcna33200 Read Articles here… https://www.reuters.com/technology/crypto-firm-celsius-pauses-all-transfers-withdrawals-between-accounts-2022-06-13/
Biden accomplishments 1. Highest gas prices2. Worst inflation3. Plummeting crypto prices4. Highest rent prices ever5. Created new incomprehensible language If you’re reading this and voted for Biden and you still don’t regret it then you are the American problem. — Jake Paul (@jakepaul) June 12, 2022 https://twitter.com/laughingmantwit/status/1534312956263112704 https://www.youtube.com/watch?v=HrIpa0q3Qj0 h/t dr0id
Face The Nation, Released on 6/12/22 Mohammed El-Erian, the chief economic adviser to Allianz, says inflation could hit 9% before beginning to come down. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one … Read more
https://twitter.com/WallStreetSilv/status/1535612309762088960
by MH Gordon on Economic Prism: Prayers for the ‘Big Guy’ Being a government hack has its advantages. You get eleven paid holidays per year. You get promoted for poor performance. The benefits are superb. Best of all, you can get remarkably rich…even if you’re a screw up. President Joe Biden, for example, has worked … Read more
Suspended employee claims computer programme acts ‘like a 7 or 8-year-old’ and reveals it told him shutting it off ‘would be exactly like death for me. It would scare me a lot’ Blake Lemoine, 41, a senior software engineer at Google has been testing Google’s artificial intelligence tool called LaMDA Following hours of conversations with … Read more
Fifty top Democratic officials interviewed by the New York Times said Joe Biden should not run for re-election in 2024 president Many were pessimistic about Biden’s leaderships, which is marred with failures Biden failed to pass his $1.8 trillion Build Back Better agenda and voting rights expansion bill, and faced backlash over the chaotic exit … Read more
Another key point of the coming engineered food crisis. This is what happens when we allow China to own US based companies: Food processing corporation Smithfield Foods will shut down its Vernon, California, plant and scale back operations in California, Utah and Arizona, the company announced Friday. Smithfield “will cease all harvest and processing operations … Read more
by confoundedinterest17 Up, up and away in our inflationary balloon! Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above $7 per gallon. Bankrate’s 30-year mortgage rate is now 5.78%, the highest since 2008. And … Read more
by visualcapitalist Over the last 50 years, fertility rates have dropped drastically around the world. In 1952, the average global family had five children—now, they have less than three. This graphic by Pablo Alvarez uses tracked fertility rates from Our World in Data to show how rates have evolved (and largely fallen) over the past decades. What’s The Difference … Read more
(FOX NEWS) “Real Time” host Bill Maher lambasted The New York Times over its weak coverage of the assassination attempt of Supreme Court Justice Brett Kavanaugh. Earlier this week, a man named Nicholas John Roske was arrested outside the justice’s home carrying a gun and a knife. He admitted to police that he had traveled … Read more
