Inflation Nation! Real Average Weekly Earnings Growth Lowest Since 2007 (-3.6%) While Mortgage Payments UP 50% (US Treasury 2Y Yield Dumps 12 Basis Points)

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by confoundedinterest17 Feeling hot, hot, hot! Inflation, that is. US real average weekly earnings growth YoY is down to -3.60%. That is the lowest since 2007 and is worse than The Great Recession and financial crisis of 2008. And look at this chart of mortgage payments under Biden. The US was actually experiencing DECLINING mortgage payments YoY … Read more

LA Gangs Systematically Targeting Wealthy.

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LOS ANGELES — More than a dozen Los Angeles gangs are targeting some of the city’s wealthiest residents in a new and aggressive manner, sending out crews in multiple cars to find, follow and rob people driving high-end vehicles or wearing expensive jewelry, according to police. In many cases, they’re making off with designer handbags, … Read more

‘Extraordinary’ W boson particle finding contradicts understanding of how universe works

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“If this is real, and not some systematic bias or misunderstanding of how to do the calculations, then it’s a huge deal because it would mean there’s a new fundamental ingredient to our universe that we haven’t discovered before.” https://www.theguardian.com/science/2022/apr/08/extraordinary-w-boson-particle-finding-contradicts-understanding-of-how-universe-works

Report: Chris Wallace ‘Having Daily Breakdowns’ over CNN+ Failure

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.@CNNplus struggles to lure viewers in its early days, drawing fewer than 10,000 daily users https://t.co/zdcidVNh8H — Jon Nicosia (@NewsPolitics) April 12, 2022 Former Fox News anchor Chris Wallace has reportedly been breaking down in front of his crew over the “miserable failure” of the new streaming platform CNN+. https://www.breitbart.com/the-media/2022/04/12/report-chris-wallace-having-daily-breakdowns-over-cnn-failure/  

Former Fed Official: This Summer Will Change Everything

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TOPLINE An increasing number of Federal Reserve officials have recently spooked markets by warning about the economic impact of decades-high inflation and how the central bank will need to aggressively raise interest rates, as well as “rapidly” reduce its balance sheet, to combat surging prices. KEY FACTS Stocks fell on Wednesday, adding to losses this … Read more

Lithium – $115.80 per ton in Sep 2020, $1045.90 Mar 2022

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Notably, the benchmark prices of lithium, lithium carbonate, and lithium hydroxide have rapidly increased in recent months, as detailed at Benchmark Minerals. Hovering at just $115.80 per ton in September 2020, the benchmark price of lithium has surged to $1045.90 a ton in March 2022. That’s more than a ninefold increase. Zach Schumacher, a North American metals price … Read more

T‑MOBILE Bought Data from Hackers to Stop Leak. Failed

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After hackers targeted T-Mobile in August, T-Mobile hired a third-party firm that went undercover and bought exclusive access to the data. Last year, T-Mobile confirmed it was breached after hackers offered to sell the personal data of 30 million of its customers for 6 bitcoin, worth around $270,000 at the time. According to court documents … Read more

Prices changing so quickly…  Soaring costs online flash warning for Fed…

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Inflation turns money into a foreign language. The rising cost of gas, food and hundreds of other things is pushing Americans to rethink how they read every price tag. Whether in the produce aisle or the used-car lot, our definition of cheap or expensive has changed, researchers on consumer psychology say. https://www.wsj.com/articles/how-to-adjust-your-brain-for-rising-inflation-11649764867 Prices for online … Read more

Disney releases ‘gayest movie’ for kids…

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https://youtu.be/xwdQPXTMUQc Better Nate Than Ever | Trailer   Disney has released what has been described as the “gayest kid’s movie yet,” as it continues to pay fealty to radical queer activists with its attacks on Florida’s anti-grooming law.   This month, Disney+ released a musical comedy aimed at pre-teens titled Better Nate Than Ever. The … Read more

REPORT FROM THE BLUE ZONES: Seattle’s transit system struggles as riders refuse to pay: Almost 70% of passengers ride for free. Consequences, what are they?

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SEATTLE – Seattle’s Link Light Rail is a freeloader’s paradise. There are no turnstiles, so passengers are supposed to either buy a ticket or tap their pre-paid card. But so few riders are paying, fares are currently covering just 5% of the system’s operating costs, a fraction of the 40% mark Sound Transit set as … Read more

Buying I-bonds today will yield a guaranteed return of 8.37% in the next 12 months. What is the case for not maxing this out?

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by allthenine https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm Why would I not max this out? I understand that I-bonds exist to simply keep up with inflation and if the S&P moons I have missed out, but this kind of no risk return is not something I have come across in my short time investing. The other side of the coin … Read more

The Lehman bounce is over….

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What I'm trying to say is…the Lehman bounce is over. pic.twitter.com/Swxlosbfr0 — Mac10 (@SuburbanDrone) April 12, 2022 Bulls, This weekend has BIBLICAL crash potential. When this inflationary bluff gets called, capital will flow West to East. pic.twitter.com/QnInVZvdAn — Mac10 (@SuburbanDrone) April 12, 2022 Inflation hysteria has turned hyper-political ahead of the mid-term elections. Those who … Read more