U.S. Producer Prices Jump in Biggest Annual Gain on Record (9.6% YoY Versus CPI Of 6.8%)

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by confoundedinterest17 Yes, we have trouble in river city with a capital T than rhymes with P and that stands for Producer Prices. Prices paid to U.S. producers posted a record annual increase of almost 10% in November, a surge that will sustain a pipeline of inflationary pressures well into 2022. The producer price index for final demand … Read more

US Moving Toward 32 Hour Work Week

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The Congressional Progressive Caucus is putting its weight behind a measure that could fundamentally alter Americans’ traditional workweek. Rep. Mark Takano (D-Calif.) said in a statement the nearly 100-member group formally endorsed the “32-Hour Workweek Act,” noting the measure is a move “toward a modern-day business model that prioritizes productivity, fair pay, and an improved … Read more

The Fed printed 30% of all dollars last year – Don’t let them blame “price gouging” and don’t allow them to destroy the market even more with price ceilings. The Fed and deficit spending are to blame.

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Jen Psaki blames increases in meat prices on "the greed of meat conglomerates." pic.twitter.com/NlSXwIcUTP — Townhall.com (@townhallcom) December 14, 2021 CBO: ‘Biden BBB Bill adds $3 trillion to deficit’ President Joe Biden’s sweeping spending bill, the Build Back Better Act, would add $3 trillion to deficits over 10 years if made permanent, according to a … Read more

Factory Workers Threatened With Firing If Left?

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MAYFIELD, Ky. — As a catastrophic tornado approached this city Friday, employees of a candle factory — which would later be destroyed — heard the warning sirens and wanted to leave the building. But at least five workers said supervisors warned employees that they would be fired if they left their shifts early. For hours, … Read more

DOGECOIN spikes over 20% after Musk says TESLA will accept it as payment…

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Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” the Tesla CEO said in a tweet.   https://www.cnbc.com/2021/12/14/dogecoin-price-surges-after-elon-musk-tweet-about-tesla-merch.html

Biden Says He’s Willing to Lose The Presidency…

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Joe Biden this week said the deaths of our 13 servicemembers in Afghanistan were inevitable and falsely claimed no one advised him on how to withdraw the troops safely. “Everybody says, ‘you could’ve gotten out without anybody being hurt.’ No ones come up with a way to indicate to me how that happens,” Biden said. … Read more

I think Affirm ($AFRM) is in some trouble (DD)

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by CallMeEpiphany The Introduction The 2008 financial crisis can be summed up as follows: banks believed that giving out loans with poor due diligence to shitty lenders was basically free money. Then Affirm comes along and says, “Hold my beer”. Affirm’s business model is simple. They allow you to make online purchases without having to pay … Read more

Teacher of the Year arrested for child sex crimes…

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A Fairview Elementary School teacher was arrested Monday in Maryland and charged with nine counts of aggravated sexual battery, especially aggravated sexual exploitation of a child, eight counts of rape, incest and eight counts of rape of a child. Two victims who are minors were reported by District Attorney General Brent Cooper. Neither are students … Read more

California schools phase out D and F grades for high school students…

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As high school students transition out of distance learning imposed by pandemic restrictions, several California districts are dropping the use of “D” and “F” grades in an attempt to reengage students in school and boost entry into the state’s public colleges.   Los Angeles Unified, Oakland Unified, Sacramento City Unified, and San Diego Unified are … Read more

Al Gore looks pretty stupid right now…

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13 years later and he’s still wrong   “Some of the models suggest that there is a 75 percent chance that the entire north polar ice cap, during some of the summer months, could be completely ice-free within the next five to seven years.”   In December 2008, inventor of the internet (sarcasm) Al Gore … Read more

You know.. your local mainstream media.. “the growth is exploding”LOL.. real GDP relative to inflation still negative… El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed

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El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed Calling inflation “transitory” was a historically bad move for the Fed, according to Allianz Chief Economic Advisor Mohamed El-Erian. The comments came after the Labor Department reported that the consumer price index rose 6.8% from a year ago in November. The … Read more

Oil Markets Turn to Surplus

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Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant impedes international travel, the International Energy Agency said. Supplies are rebounding around the world — from the current OPEC+ ramp-up and sales from strategic reserves, to record output in the U.S., Canada and Brazil next … Read more

Nancy Pelosi is seeking reelection…

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Many House Democrats and others have been wondering whether Pelosi will actually stay through her term. She will. Meanwhile, Jim Clyburn says he doesn’t want the job. House Dems eager to see a change in leadership but terrified of what comes next. — Edward-Isaac Dovere (@IsaacDovere) December 12, 2021

FDA is working with USPS to stop shipments of Ivermectin

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The FDA is working with the post office to hold packages containing ivermectin. The FDA could better use its resources to, I don’t know, publicly release the docs submitted by Pfizer to license its mandated liability-free V earlier than 75 years from now! https://t.co/i6eLcqnciX pic.twitter.com/O2d1zgTjAB — Aaron Siri (@AaronSiriSG) December 13, 2021

Strong dollar, low credit impulse, tightening… Some stocks have already crashed… SPX real earnings yield plummeting… Insiders keep selling

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This is a perfect example of how some stocks have already crashed. The average Nasdaq composite stock is down 39.1% vs its 52 week high. Indexes are increasingly held up only by the big names rather than broad based market strength. pic.twitter.com/fXHfE0zcvD — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) December 14, 2021 At this … Read more