Admin Quietly Admits Inflation Surge Could Last Years… Fed’s Powell Concedes Anxiety but Resists Policy Shift

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White House quietly signals inflationary run could last years The White House is sending mixed messages on the United States’s post-pandemic inflationary run, with quiet signals suggesting the period might last years longer than administration officials have publicly indicated. The Consumer Price Index report for May published by the Bureau of Labor Statistics showed that year-over-year … Read more

Republicans Make Power Move — Remove Democrat From Position

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Hav­ing abscond­ed from Texas for Wash­ing­ton D.C. to break quo­rum in the Texas House of Rep­re­sen­ta­tives, Repub­li­can lead­ers in the state are refus­ing to sit idly by and are instead met­ing out pun­ish­ment for the Democ­rats who chose to neglect their duties as elect­ed representatives. On Thurs­day, Texas House Speak­er Dade Phe­lan post­ed a notice … Read more

In Friday night ruling, Federal Judge declares DACA program is illegal and un-Constitutional… Lib media can’t stop crying…

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AP reporter seems very unhappy   A federal judge in Texas on Friday ruled an Obama-era program that prevents the deportation of thousands of them brought into the U.S. as children — is illegal.   U.S. District Judge Andrew Hanen declared the Deferred Action for Childhood Arrivals program illegal, barring the government from approving any … Read more

AMAZON asked APPLE to remove app that spots fake reviews, and APPLE agreed

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Apple has removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Apple did not immediately offer a reason for removing Fakespot. Fakespot CEO Saoud Khalifah disputed Amazon’s claims and said he got no warning from Apple before the app … Read more

Enormous Red Flag: 1st Time Ever Junk Bond Yields Now Below CPI Inflation Signal Overcrowded Trade?

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For the first time ever, Junk-Bond Rally Pulls Yields Below Inflation https://www.wsj.com/articles/junk-bon… Within only 2-3 months after corporate bond and credit markets froze up completely in February and March 2020, Wall St bond salespeople restarted selling (and increasing) massive amounts of junk bonds, leveraged loans and other toxic sausage OTC derivatives. Now too many hedge … Read more

Daniel Lacalle explains how and why the Fed continues to aggressively pervert the real estate market

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Daniel Lacalle, Released on 7/16/21 “What the Fed is doing by purchasing mortgage-backed securities is eliminating the forces of the market in housing.” Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business … Read more

Visualizing U.S. Household Debt, by Generation

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by visualcapitalist The year 2020 could be categorized as one where debt grew across the board. In the U.S., every generation except the Silent Generation saw their debts rise in the last year. But how much debt does each generational household owe? Generation 2019 2020 Growth (%) Generation Z (18-24) $9,593 $16,043 67.2% Millennials (25-40) $78,396 $87,448 11.5% … Read more

Why you can’t trust the media…

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If there’s one thing we’ve learned about the national media, it’s that they don’t see themselves as a part of our democracy. They see themselves as the dictators of it. The Washington Post’s Perry Bacon Jr. (yes, that’s a real name) wrote Wednesday that it’s necessary for leftist media to recalibrate in the post-Trump years. But not … Read more

Devastating floods in Germany… 1000+ possibly deceased… Intense Video…

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NEW 🚨 About 60 dead, dozens missing, thousands out of power after devastating floods in Germany pic.twitter.com/Th0grxZ2Aj — Insider Paper (@TheInsiderPaper) July 15, 2021 Anwohner retten Feuerwehrmann 👏🤝👍🏼🤝👏 Residents save firefighter#Hochwasser #Starkregen #Feuerwehr #Helfer #Unwetter #Deutschland #ueberschwemmung #Flutwelle #flut #nrw #RheinlandPfalz #teamwork #retter #Germany #Flood #floodinggermany #firefighters Quelle: Facebook pic.twitter.com/xUnpBKyRNw — FlowerOfTheForest (@FlowerOfTheFor1) July 15, … Read more

UMich missing, inflation expectations soaring… Retail Sales YoY: Huge soar…huge decline. Bubble is over?

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Retail Sales YoY: Huge soar…huge decline👀Bubble is over🧐 pic.twitter.com/o8fnGv9p4Z — Antonio Pérez-Algás (@apanalis) July 16, 2021 UMich missing, inflation expectations soaring – this is a perfect toxic cocktail for the consumer — Alastair (@StockBoardAsset) July 16, 2021 Looking at this market, you wouldn't think that the Fed is injecting $6BN in liquidity every day — … Read more

Biden Press Sec calls for users banned on one social platform to be banned from ALL social platforms

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Seriously, who the fuck is the White House to be dictating who should and should not be banned from social media platforms, to keep lists of who they think are the spreaders of "misinformation," and then pressure companies they regulate to obey? This is pernicious shit: https://t.co/WlZlbCjlqT — Glenn Greenwald (@ggreenwald) July 16, 2021 https://twitter.com/Rothbard1776/status/1416105762615611394 … Read more