With Few Cars to Sell, What Do Car Salespeople Do All Day? No Parts: Autos Stuck at Garages for WEEKS…

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The global chip shortage has slashed vehicle inventories and left dealers with few cars to sell. It has also left car salesmen and women with less to do on the dealership lot. Dealerships laid off thousands of salespeople at the start of the pandemic. While some have been rehired, about 70,000 people who worked at … Read more

Democrats Make It Impossible To Have Empathy

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Empathy is an important human emotion, but sometimes people keep repeating the same stupid mistakes that make it nearly impossible to continue to give a damn about them. Someone suffering severe headaches, for example, can cause a serious empathetic response from people, but that goes away quickly, and likely forever, if you discover that person … Read more

How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%?

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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.

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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

Defund the Feds

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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

Secret Warning? Zillow Pauses Home Purchases as Snags Hit Tech-Powered Flipping (Fed Flippers??)

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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

Investors Starting To Realize “Stagflation” Is A Problem.

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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 $200 BILLION MAN…

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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

Jill Biden Humiliated During PA Campaign Speech For McAullife

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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

“Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 23, when the grace period ends for its first missed bond payment.”

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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