How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%? The answer: producer inflation running even hotter. When producers can't pass inflation to consumers, deflation is coming. That's the bet Mr. Bond Market is making. pic.twitter.com/YC3Nx40OqL — Ross Hendricks (@Ross__Hendricks) October 17, 2021 Probly notin pic.twitter.com/2WgUgQ9MrY — The Market … Read more
The Fed started cutting rates in mid-2007 to buffer the housing collapse. Which is why by Sept. 2008 they were more worried about inflation than the collapsing bubble. They were fooled by their own policy. The same thing is happening now:https://t.co/eQss4Y8bid pic.twitter.com/ca8GzlMi10 — Mac10 (@SuburbanDrone) October 17, 2021 #recession … #GFC2 US #Housing #Bubble 2.0 … Read more
via Kurt Schlichter There is a giant commodities shortage in America right now thanks to the incompetence of our leadership class (including a Secretary of Transportation taking paternity leave for a baby he didn’t have), but one thing that has been in really short supply for a while is good apples. The shelves are bare; the … Read more
by confoundedinterest17 They call them flippers, faster than lightning. At least until now. Zillow Group Inc. shares fell as much as 6.8% in premarket trading Monday after the online real estate firm said it would stop buying new homes and work to clear a backlog of properties it already has. The Seattle-based company, which acquired more … Read more
by Shaun Richards It was kind of Bank of England Governor Andrew Bailey to make me look tight so quickly. It was only on Friday that I pointed out the corruption issues at central banks and he then dashed off to give a speech with policy directions and implications at a private gathering over the … Read more
By Lance Roberts Investors are slowly waking up to the realization that “stagflation” is a problem. For years, the term “stagflation” has been thrown around and dismissed like a sighting of “Bigfoot.” However, rising inflationary pressures are now colliding with slowing economic growth. This collision presents a challenge for Central Bankers and their monetary policy experiments. Let’s start with a definition … Read more
The fertility rate in England and Wales has fallen to the lowest level in recorded amid the Chinese coronavirus pandemic, at 1.58 children per woman last year. In 2020, the British fertility rate fell by 4.2 per cent from 2019 and was 3.1 per cent lower than the previous low in 2001, according to official figures … Read more
Elon Musk wealth has swelled to an astonishing $230 billion (£167 billion) as he stretched his lead over Amazon’s Jeff Bezos as the richest person in the world. Musk obscene personal fortune increased following a share sale at SpaceX as well the strong performance of Tesla stock. Bezos had previously held the title as the world’s richest … Read more
Far-left protesters interrupted Jill Biden Friday evening while she was stumping for Virginia Democrat gubernatorial candidate Terry McAuliffe. Protesters began shouting as Jill Biden said she “loves the energy” of the crowd. ‘ResistLine3 water protectors’ who oppose the proposed pipeline from Alberta, Canada to Superior, Wisconsin showed up to McAuliffe’s rally and shouted over Jill Biden. “Stop … Read more
Kamala Harris has a habit of laughing at the most inappropriate times but this one was really awkward. Her remarks came at a “Virtual Town Hall on the Care Provisions of the Build Back Better Agenda” held on Thursday when she was talking about disabled American citizens. A woman, Nicole Jorwic, Senior Director of Public … Read more
Canada Public Health believes it’s in public interest to ban the phrase “Let’s Go Brandon!” Forget Freedom Of Speech – Canadian Government Bans Employees From Saying “Let’s Go Brandon” (Photo) h/t bubz99
A growing number of Chinese property developers are saying they can’t pay their debts, raising concerns of financial contagion as troubled property developer Evergrande Group missed another interest payment to bondholders on Tuesday. Several Chinese real estate developers have warned of defaults on bonds in recent days, including Modern Land and Sinic Holdings, which said Monday it probably would be unable … Read more
by laflammaster After my thesis from Fed’s H8 that the major banks have sold off their assets by 30% – 40% this week, I decided to look around to find more proof. I found DTCC’s data (LIC) that shows a large value spike around the same time that the banks would report on it (1w … Read more
According to the below tweet , “more than 300 Black churches across Virginia will hear from Vice President Kamala Harris between Sunday and election day in a video message that will air during morning services as part of an outreach effort aimed to boost McAuliffe.” Ban on Political Campaigning in Churches from IRS Web Site … Read more
Capital Research Center’s Hayden Ludwig digs into Biden’s $1.2 trillion infrastructure bill and finds $148 billion worth of reasons why China, which by the way produces twice as much Greenhouse Gas Emissions as the U.S., is the biggest winner. Count China among the biggest winners if the gargantuan $1.2 trillion infrastructure bill passes Congress. The 2,700-page … Read more
California’s Assembly Bill 5 just went into effect. With some exceptions, the law takes aim at the new gig economy and independent contractors, forcing businesses to choose between hiring contractors as employees or laying them off. A week before Christmas, Vox Media’s SB Nation, a sports website, sent notice to some 200 of its California-based freelancers that they … Read more
For those fact checkers who blindly follow the vaccine agenda and deny that the vaccines carry any risk #vaccine #vaccinemandate #covid19 #coronavirus https://t.co/XoyGn9vJFs — Vertical Space (@Vertical4Space) October 16, 2021
Communication Professor reacts to Bill Gates’s interview answers about Jeffrey Epstein on PBS with Judy Woodruff. His body language and nonverbal cues augment his awkward verbal responses. h/t lucycohen