Peloton & its stock are imploding.

by

Where are the next Pelotons? Look to Tesla, crypto, SPACs, NFTs, high-flying tech stocks, and more. Whatever was "hot" during the malinvestment bubble of the past year-and-a-half is suspect.https://t.co/SdM9tLBZDL — Jesse Colombo (@TheBubbleBubble) January 20, 2022 From CNBC: Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company … Read more

Investing Legend Jeremy Grantham Turns Apocalyptic, Expects Stocks To Crater 50% In Largest Wealth Destruction In US History

by

It was several years ago when Jeremy Grantham quietly turned from stock bull to vocal permabear, and while his market notes turned breathlessly alarmist (if only to those who were long his multi-billion fund GMO), such as this from June 2020 “Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ … Read more

Small caps -18% from the November highs…. Inflation and slowing growth are driving the market down like ‘fire and ice’

by

https://t.co/hIyV5rrzYC — Invariant Perspective (@InvariantPersp1) January 20, 2022 🇺🇸Philly Fed Mfg Index Update🧐 pic.twitter.com/mNmNJnH60b — Antonio Pérez-Algás (@apanalis) January 20, 2022 A broad measure of money (that includes institutional money assets like treasury bills) is back to its pre-crisis growth rate. Other, narrower measures of money still show higher growth rates. But as @RebelEconProf & … Read more

Steve Bannon and Jason Miller’s social media network are being funded by Chinese communist money

by

For example, let’s take a look at Guo Wengui, the obvious CCP agent behind Jason Miller’s social media network and funder of Steve Bannon. Here’s Wang Yanping (“Yvette”), who runs operations for Miles Guo/Guo Wengui, the reputed CCP agent behind Gettr. She’s saying in September 2017 that she’s still a CCP member. She signed the … Read more

CBS REPORTER ASKS ABOUT FAIR MIDTERMS:, REPLY, was the quiet part said out loud about legitimacy

by

Former-Vice President Joe Biden held only his second press conference since taking office, and in the process of doing so, he proved why the people who control him don’t allow him to do press conferences. He’s an imbecile who gets confused and cannot answer difficult questions. Regarding the Democrats’ push to federalize election law, one … Read more

Hoyer: Senate will pass new BBB

by

Responding to chatter that Democrats are warming to the idea of breaking up the House-passed Build Back Better Act, House Majority Leader Steny Hoyer said Wednesday the Senate would have to pass a new version and the House will then consider the legislation. The mega-spending bill, which passed the Democratic-led House last month, includes new … Read more

Proctor and Gamble announce another wave of retail price increases averaging 8% – Brands impacted: Tide, Gain, Downy, Bounce – additional price increases planned in the coming months on other P&G brands

by

  Biden’s dark winter is approaching. Energy prices + labor shortages + government printing of trillions in money are driving inflation. Global supply chains previously strained by shutdowns are now reaching a breaking point. Vax mandates create labor shortages reducing product and transport availability further increasing costs ultimately passed on to the consumer in the … Read more

You don’t need ID to vote, but you’ll have to have your face scanned to pay your taxes

by

Things are getting weird… This is not a joke. The IRS requires you to full dox now to access your own records or to make any changes to tax payments. Full video recording, pictures, IDs, the works. Going to be the most comprehensive government facial recognition database ever. https://t.co/W5vJsU2uU7 — MeanHash ₿ ✪ (@MeanHash) January … Read more