The stock market is definitely not the economy….

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https://twitter.com/NorthmanTrader/status/1408048823809757191 "When the Fed engages in QE…they give a signal to the corporate managers that financial asset prices & financial liquidity is protected…this causes a greater & greater share of corporate resources to be channeled into the financial markets rather than into the real economy.." pic.twitter.com/eoogWlWfRO — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 22, … Read more

Years of Watching General Mark Milley Finally Make Sense – The Chairman of The Joint Chiefs is a Political Operative

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By Sundance via TheConservativeTreehouse A statement made by Joint Chiefs Chairman General Mark Milley defending the teaching Critical Race Theory to West Point cadets has gained some attention.  However, the comments Milley made today actually reconcile several years of CTH watching Milley operate and having puzzling questions. Remember, General Milley did some really odd things … Read more

A President’s net worth shouldn’t increase 10,000% over their time in office. We need to change something

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My source was this site: https://www.msn.com/en-us/money/news/u-s-presidents-net-worth-before-and-after-taking-office/ss-BB1f4WIJ#image=9 They said Trump lost money so didn’t think prudent to include him CNN: Donald Trump is a lot less rich today than when he was elected president In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 … Read more

THAT ’70S SHOW: Burrito Economics: Why Chipotle’s Wage Hikes Are Not Good News.

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via spectator: Even if the labor shortage is artificial, won’t the working class still benefit? The current workers certainly profit somewhat, but not for long if their rising wages are washed away by inflation. Price hikes are not restricted to burritos—prices across the economy are rising at the highest rates in over a decade. The Federal … Read more

DEAR JOURNALISTS: YOU’VE EARNED THIS. US ‘trust’ in news is world’s lowest, Trump loss killed ‘interest.’

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via washingtonexaminer: The trust people in the United States have in the media is the lowest in the free world and is likely driving more and more away from traditional news sources, according to a blockbuster study of international media consumption. Of 29 free nations surveyed in the Digital News Report 2021, U.S. “trust” in the media … Read more

OUT: DEFUND THE POLICE. IN: Biden: Hire more police officers to stop violent crime.

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via thecentersquare: (The Center Square) – President Joe Biden unveiled a major gun regulation and crime prevention plan Wednesday as cities around the country struggle with rising violent crime. Amid the wave of violence nationwide, Biden released a plan for more gun control measures and called on local governments to hire more police officers, a departure … Read more

LEVEL 5 in MIAMI!

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🔴 #BREAKING Miami Dade authorities declare a "Level 5" mass casualty event after a 13 story apartment building partially collapses in a neighborhood of Miami Beach. Unknown number of casualties. Reason for the collapse unknown. — John Stempin (@johnstempinnpr) June 24, 2021 MCI Level 5 – Incident will require statewide resources. Size – greater than … Read more

UK to ban ‘junk food’ advertising…

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The government is poised to announce a ban on junk food advertising online and before 9pm on TV from 2023, as Boris Johnson looks to deliver on his pledge to tackle the UK’s growing obesity crisis. The new measures, which will be some of the toughest marketing restrictions in the world, will heavily impact the … Read more

Real Interest Rates Are More Negative Now Than In the 2004-2007 Housing Boom

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https://mishtalk.com/economics/real-interest-rates-are-more-negative-now-than-in-the-2004-2007-housing-boom Meaning of Real Real means inflation adjusted. But what is the best measure of inflation? Home Price Not in the CPI Home prices are not in the CPI. They should be. Economists generally disagree with me, but what good is a measure of inflation that excludes key prices? The CPI ignores housing prices, what … Read more

Everybody’s Everything Bubble: Shiller CAPE Ratio Climbing With Fed Monetary Stimulus (House Prices Gone Wild!)

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by confoundedinterest17 I call this the Everybody’s Everything asset bubble. Take a look at Robert Shiller’s CAPE (Cyclically-adjusted Price-Earnings) ratio. It has been rising ever since The Federal Reserve and other global central banks began their interest rate suppression and quantitative easing (QE) programs. Not quite to the peak of the Dot.com bubble, but trying!!! Since the housing … Read more

Big Tech Faces Onslaught of Antitrust Bills… Cook Called Pelosi with ‘Warning’… Apple Legal Worries Grow As Long-dormant French Case Moves Ahead…

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  Cook called Pelosi with ‘warning’ about antitrust bills… After members of Congress introduced new antitrust legislation earlier this month, Apple CEO Tim Cook reportedly called up House Speaker Nancy Pelosi (D-Calif.) and others with a few complaints. Cook called Pelosi and other members of Congress after lawmakers introduced six antitrust bills, with the Apple executive looking to “deliver a warning” that the … Read more

111 degrees forecast in Portland as ‘life-threatening’ heat looms

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A heat wave of unprecedented magnitude and duration is forecast to grip the Pacific Northwest this weekend and bring dangerously high temperatures that could make life miserable into next week for a region where air conditioning is not a fixture in most households. Triple-digit temperatures are forecast throughout parts of Oregon and Washington, which includes … Read more

Asian man pushed onto subway tracks in Queens

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LONG ISLAND CITY, Queens (WABC) — Police are investigating yet another crime against a person of Asian descent after a man was pushed onto the subway tracks in Queens Monday morning. It happened around 7:45 a.m. at the 21st Street/Queensbridge subway station on the F line. https://abc7ny.com/asian-crime-subway-attack-man-pushed-on-tracks-hate/10687298/ Asian woman in New York City hit with … Read more