Logan (Un)Lucky? China Cuts Rates As Omicron Worsens And Chinese Developer Bond Rout Deepens on Hidden Debt Concerns
by confoundedinterest17 The Chinese Real Estate Developer Debacles continues to spread from Evergrande to other developers as China’s Central Bank cuts rates due to Omicron spread. First, China’s Central Bank cut their 1 year medium-term lending rate to 2.85% from 2.95%. And the growing malaise in China’s real estate development continues. Fresh turmoil rocked Chinese property … Read more
UK Dr advises against taking any more jabs & explains that she believes they are about to get pulled
111 Telephone call to an out of hours Dr in Chichester, UK (20 hours ago) – When diagnosing this woman with an adverse reaction over the telephone, The Dr advises against taking any more and explains that she believes they are about to get pulled – due to new data on safety
If you’re unsure about a decision, flip a coin. Your reaction will show you which decision you really prefer.
by LeBr0wn Example: You are not sure whether you should take a job offer or you should stay at your old job. There are arguments gor both an you just can’t come up with a decision. You flip a coin, the outcome says “stay”, you are unhappy with it. That way you know you should … Read more
H8 data update. There are indicators that preface some of the market crashes and major market events…
by laflammaster (ex: fed $4.5T bailout in 2019) by up to two years. Look at 2000, 2007, 2008, 2014, 2015, 2019. Those indicators are now below 0 since mid-2019. Caption: 1999 and on Caption: 2015 and on
Found this on a discord server called Social Justice United….
So they want to abolish all police who generally try to keep them safe, but also want a health police to combine compulsory healthcare and martial law. h/t fonkderok
Walmart to Enter Metaverse
Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods. In a separate filing, the company said it would offer users a virtual currency, as well … Read more
Tesla Delays Cybertruck
Tesla has once again delayed one of its products, with the latest reports indicating that the company’s Cybertruck will be delayed until 2023. The Company initially promised production would begin in 2021. A recent report from Reuters states that production of Tesla’s Cybertruck pickup truck has been delayed and is unlikely to even begin until … Read more
Australia has had enough!
This is absolutely epic.. Patrons pack Bar Wunder, Toowoomba and chant “Get Out” to police officers trying to enforce tyrannical covid rules… this is the only way to end this madness RESIST 🔥❤️🔥 pic.twitter.com/WtjDUrVC2Q — Pelham (@Resist_05) January 16, 2022
The Inverse Cramer ETF is overdue…
These are the picks Jim Cramer told his audience to buy at the start of 2021 and what they're worth now. The Inverse Cramer ETF is overdue. pic.twitter.com/23vKYBe93l — Inverse Cramer (@CramerTracker) January 17, 2022 Cramer has recommended buying Robinhood $HOOD 4x (current $15.17) 📉1Date: 7-29-21Price: $34.82Change: -56.43% 📉2Date: 8-3-21Price: $46.80Change: -67.59% 📉3Date: 8-4-21Price: $70.39Change: … Read more
Are Stocks At a Major Turning Point When It Comes to Inflation?
By Graham Summers, MBA We’ve now reached the point at which inflation will become a major problem. Inflation is not inherently bad for stocks. The reason for this is that companies report growth in nominal terms, not in “real” or inflation-based terms. Think of it this way: XYZ company sells widgets for $1.00. Then inflation hits and … Read more
Simply Unaffordable! Fannie Mae Multifamily Financing Grew 23% … While Home Prices Grew 19.1% And Real Hourly Earnings Fell -2.36% (Rising Mortgage Rates Make The Affordability Problem WORSE)
by confoundedinterest17 Mortgage Orb has the tantalizing headline: “Fannie Mae’s Financing for Multifamily Affordable Housing Grew Over 23%.” At first, this sounds amazing … until you realize how simply unaffordable housing is much of urban/suburban America. If you look at the following chart, you can see multifamily (5+ unit) starts remain elevated (pink box) which is not surprising given … Read more
China’s home prices fell at slower pace in Dec amid easier financing for housing market
#China’s #home prices fell at slower pace in Dec amid easier financing for housing market https://t.co/Flss4rT4mp — Y&T Intelligence (@YuanTalks) January 17, 2022 *China’s seen their TFP (total factor productivity) diminish heavily since 08 – thus eroding GDP w/ it (China’s real GDP is less than half what it was 15yrs ago) Meanwhile China’s ICOR … Read more
And there you have it, the market is now pricing that Fed Funds will be at 100bp, by end-2022.
And there you have it, the market is now pricing that Fed Funds will be at 100bp, by end-2022. A few months ago, taper had not started, and there was a debate about whether Fed rate lift-off could happen in 2022. Now the consensus is 4 hikes this year. Things are on the move… pic.twitter.com/yK3xRBsRtp … Read more
Email scams on the rise. Protect Yourself!
Edit because some don’t read: email sender can be spoofed. So, you can verify the sender, and still get scammed! Just saw this article in the nypost. Amazon email scams are up 500%! And, my inbox is filling up with various phishing schemes daily. The article is good to draw attention to it, and possible … Read more
Dem: Spending stops inflation
House Appropriations Committee Chairwoman Rep. Rosa DeLauro (D‑Conn.) claims that the expanded federal child tax credit and passage of President Biden’s stalled, multitrillion-dollar Build Back Better Act would help fight inflation.Inflation has hit its highest level since 1982, according to the latest data. Biden’s $1.9 trillion American Rescue Plan included automatic, advance CTC payments, which … Read more
“it doesn’t have to make sense” – Man gets kicked off a plane for taking his mask down between sips.
https://twitter.com/libsoftiktok/status/1482828525228879876 h/t Dan
An NFT restaurant opening in New York will serve up status with a side of seafood. membership tokens currently going for $13,600.
NFTs have been steadily making their way into the restaurant world (along with seemingly every other sphere, from art to politics). And so a restaurant whose founders claim is the first of its kind, essentially offering admittance only to the holders of a limited number of non-fungible tokens, seemed inevitable. Flyfish Club, set to open … Read more
Are the hackers/scammers pushing too far?
by TheGreatHambino2 I feel like I’ve seen countless news stories of scammers/hackers preying on individuals, liquidity pools, exchanges, etc. It just boggles my mind that despite all of these scams and hacks draining people’s coins/wallets, new money keeps flowing into crypto. Is the main thing propping up the crypto market at this point the stable … Read more
The OlympusDAO ponzi is collapsing: one big sell crashed its market cap by over a billion.
Ouch @shotta_sk. That's not very (3,3) of you.https://t.co/SZ1ep428Vo https://t.co/zftpz7jgB5 — Mick Hagen (@mickhagen) January 17, 2022 All ponzis do well, until… they don’t. Also the slurpers will slurp that dip up. For a good cause of replenishing the faux liq for the early adopters. h/t Tsatsus