Federal Reserve’s Brainard: US inflation “too high,” lowering it a priority… Daly: It’s time to start withdrawing some accommodative measures.

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#BREAKING US inflation "too high," lowering it a priority, says Federal Reserve's Brainard pic.twitter.com/vYx3tBQifR — AFP News Agency (@AFP) January 12, 2022 The last time inflation was 7%, the fed funds rate was 11.50%. pic.twitter.com/Vgn33mmDcW — zerohedge (@zerohedge) January 12, 2022 https://twitter.com/Fxhedgers/status/1481406485745729537 7% inflation. 0% rates. Amazing. — Wait Capital (@WaitCapital) January 12, 2022 Oddly … Read more

Governments spent astronomical sums in the past 2 years, all with the ultimate goal of “flattening the curve.”

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Governments spent astronomical sums in the past 2 years, all with the ultimate goal of “flattening the curve.” But none of it went to increasing hospital capacity, and they’re still trying to flatten the curve with destructive and ineffective measures. Governments spent astronomical sums in the past 2 years, all with the ultimate goal of … Read more

Former Twitter CEO Jack: “damn Santa didn’t take the transitory inflation away”; “CPI for December over 7%, 40-year high”

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damn Santa didn't take the transitory inflation away https://t.co/P1CFEIQyNV — jack (@jack) January 12, 2022 Rent and owner's equivalent rent continue to be key drivers of headline and core CPI, and they're operating with a lag vs actual rent and housing price increases.https://t.co/HsYOaA4Rsn pic.twitter.com/TOo6yp2Snx — Lyn Alden (@LynAldenContact) January 12, 2022 Hyperinflation is going to … Read more

ARMY OFFERING $50K SIGN ON BONUS!

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#BREAKING – The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years. https://t.co/KUYGkKcZg7 — KWTX News 10 (@kwtx) January 12, 2022

Now space heaters are racist…

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It just doesn’t stop…. As an alternative, she said, tenants are piling on layers of clothing and using hot showers so steam fills their apartments, or they do “the old-school thing and open the oven.” Portable electric heaters are also extremely common. The deadly fire that claimed the lives of 17 people in a high-rise … Read more

Warning: Taxes May Double in CA If This Bill Passes

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The bill to create single payer healthcare by doubling taxes just passed the Assembly Health Committee on an 11-3 vote. I wish I were making this up. — Kevin Kiley (@KevinKileyCA) January 12, 2022 Single-Payer Healthcare Makes a California Comeback Sacramento Democrats are back, this time with huge tax increases. https://www.wsj.com/articles/single-payer-medicine-makes-a-california-comeback-gavin-newsom-xavier-becerra-healthcare-11641853914 California Democrats’ single-payer healthcare … Read more

Prince Andrew to face civil court case – judge dismisses Prince’s legal representation…

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The Duke of York is being sued by Virginia Giuffre, formerly known as Virginia Roberts, who claims he “committed sexual assault and battery” upon her when she was a teenager. Andrew vehemently denies the allegations. A judge has rejected Prince Andrew’s attempt to have the sexual assault lawsuit against him thrown out. US judge Lewis … Read more

Another Board Member Flees the Fed

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by Martin Armstrong As I reported in November, Federal Reserve members are fleeing the central bank. Federal Reserve Vice Chairman Richard Clarida announced that he is resigning this Friday before his term ends in the midst of scandal. Similar to other Fed members who resigned in 2021, Clarida has come under harsh scrutiny for what many … Read more

Mortgage Purchase Applications Rise 51.2% From Previous Week Despite Rising Mortgage Rates (Refi Apps Up 42.77%)

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by confoundedinterest17 US mortgage purchase applications rose 51.2% from previous week, despite mortgage rates rising. Of course, the first weeks of most years see large increases in mortgage purchase applications. Mortgage refinancing applications were up 42.77% from the previous week. Here is the MBA data. So, the US housing market is off to a fast (and … Read more

What will happen to interest-rates in 2022?

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by Shaun Richards Today’s topic has become something of a hot subject as 2022 has begun. Some of you may recall that it was to some extent as 2021 opened but there was a difference as back then bond yields were rising but central banks had no intention of raising interest-rates. Indeed there were times … Read more

Almost like every recessions just makes the yields more and more volatile

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by  laflammaster If you take a closer look, recession happens when the yield rates converge. By historical metrics, recessions should have started mid-late 2019 (which it kind of did). Sauce: https://www.federalreserve.gov/datadownload/Chart.aspx?rel=H15&series=bf17364827e38702b42a58cf8eaa3f78&lastobs=&from=&to=&filetype=csv&label=include&layout=seriescolumn&type=package&pp=Format  

Manchin Sends Warning To Senate

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Biden to push Senate rule change in bid to pass voting-rights law The president will address the issue in a speech in Atlanta on Tuesday Jen Psaki said Biden would bring up the idea of changing Senate rules At present, 60 senators must back most legislation for it to pass Psaki said the president was … Read more

Inflation Nightmare After Latest Announcement… Small Biz Owners: Inflation HUGE Problem

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Inflation has reached its highest level in nearly 40 years, causing concern among consumers and posing a political liability for Biden as his socialist policies continue to devastate the nation. Most polls have Republicans re-taking the House in the upcoming election in response to how poor of a job Biden has done. According to the … Read more