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by confoundedinterest17 REAL mortgage rates, defined as the Freddie Mac 30-year rate LESS alternative measures of inflation, vary from -1.189% (based on today’s PCE Deflator YoY) to -13.815% (based on the largest asset in a household’s portfolio, the house, that is the Case-Shiller National home price index YoY). the Then we have the REAL mortgage rate … Read more
by Mike Gleason Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. The summer doldrums in precious metals markets have tested the patience of bulls. The silver market has been hit especially hard in recent weeks, but price stayed above the $24 level and avoided dipping to … Read more
https://www.youtube.com/watch?v=nZIe15rwIhw Joe Biden in a recent segment claimed that inflation was going to drop. In this video, Scott takes a look at other things that have come out that might prove him to be wrong… Inflation Roars To Fastest Gain In 20 Years, Misery Index Up Rose 4% Over Last 12 Months To Highest In … Read more
by confoundedinterest17 I wonder if the US House of Lords (aka, the US Senate) is paying attention to anything other than how much money that can spend … that we don’t have. Ah, the magic printing press! But printing that much money has negative effects … like inflation. Yes, we are seeing inflation in the US … Read more
by Doug French via Mises A term has been coined for product sellers who shrink their packages, and thus, the amount of product in those packages, keeping the package price the same: shrinkflation. Anyone with a bit of good sense or economics training knows this is another form of price inflation, caused by what used to be the … Read more
MIAMI (CBSMiami) – Saying he was protecting the rights of parents, Gov. Ron DeSantis has doubled down on his stance of no mask mandates for students in schools. Speaking at a restaurant in Cape Coral, DeSantis said he’s heard rumors that the federal government and the U.S. Centers for Disease Control were considering new restrictions. … Read more
THIS IS SHOCKING! On Thursday Republican Senators Ron Johnson, Rand Paul, James Lankford, Rick Scott, and Josh Hawley sent a letter to Homeland Security and Governmental Affairs Committee Chairman Senator Gary Peters. The letter was to inform Peters that the Biden HHS and NIH was refusing to produce all unredacted copies of Dr. Anthony Fauci’s … Read more
Emergency event would provide the excuse to lockdown the country in days. In this RTD Quick Take, I share my thoughts on how the pieces of the puzzle are fitting together to well to not talk about. What do you think? What am I missing? Leave a comment and let me know your thoughts.
by Shaun Richards Yesterday brought news that left markets if not shaken perhaps a little stirred. It came from the Bureau of Economic Analysis as it gave its first estimates for the second quarter of this year. Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021 … Read more
President Biden’s socialist policy of having the government match or even surpass what private firms are paying has resulted in labor shortages countrywide. Shortages are rippling through every low-skill/low-paying job as people don’t want to work anymore. The problems are becoming so severe in one Maryland county that essential services, such as solid waste collection, are being … Read more
Tomorrow, the national CDC eviction moratorium expires and housing advocates are warning that the U.S. is about to see a massive flood of evictions and a devastating surge of homelessness, as the ban was the only barrier protecting millions of jobless tenants all across the country. The CDC order has been in place since March … Read more
by Kimble Charting As inflation concerns remain in the headlines, today we look at the potential of food inflation by looking at cattle futures prices (i.e. beef). Earlier this week we analyzed hard commodities Copper and Silver, as they are inputs and indicators for industrial inflation. Cattle futures prices have rallied sharply and have reached an inflection … Read more
An inflation gauge followed closely by the Federal Reserve increased 3.5% year over year in June, slightly below the 3.6% estimate. Consumer spending rose 1%, faster than expected as personal income also increased. Labor costs rose as well, with compensation rising 2.9% from a year earlier. An inflation indicator that the Federal Reserve uses as … Read more
https://twitter.com/libsoftiktok/status/1420514835033464839
America’s small family farms could be destroyed if Congress passes Biden’s proposed tax change plan, said Grover Norquist, president and founder of Americans for Tax Reform. Tucked away in Biden’s American Families Plan is the elimination of a step-up in basis tax benefit on appreciated assets like farms. “There’s the normal inheritance tax that the … Read more
https://twitter.com/nicola1charles/status/1420917128547299328
The flooding in Zhengzhou China is exposing something very wrong with the Chinese government, and they are not happy about it. The coverup is showing the cracks in the foundation of the CCP.
Biden Mandates All Federal Workers Must Be Vaccinated… Except Postal Workers https://t.co/QNB0qocSEd — zerohedge (@zerohedge) July 29, 2021 The American Postal Workers Union has released a statement on behalf of over 220,000 postal workers opposing vaccine mandates. They’re standing their ground against medical tyranny. Good for them. More of this — Charlie Kirk (@charliekirk11) July … Read more
