The Sources of Rip-Your-Face-Off Inflation Few Dare Discuss

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by Charles Hugh-Smith We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up–way up. Inflation will be transitory, blah-blah-blah–I beg to differ, for these reasons. There are numerous structural sources of inflation, which I define as prices rise while the quality and quantity of goods and services remain … Read more

Are You Positioned for the Coming Flight to Quality?

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by: Stefan Gleason The S&P 500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets. Underneath the surface, however, warning signs are flashing for investors in financial markets. Over the past several weeks, significant … Read more

The Core! Core Inflation Fastest Since February 1992 (3.8% YoY, Higher Than Forecast) Home Prices Growing At 13.9% Clip

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by confoundedinterest17 Inflation is on the mind of many investors. Whether it is permanent or transitory. US Core inflation (CPI less food and energy) rose 3.8% year-over-year and beat expectations of 3.5% year-over-year. Core inflation is the highest since February 1992. CPI overall rose 5.0% year-over-year, beating the expectation of 4.7%. Used cars once again led … Read more

IS BIDEN AND PRESIDENT KLAIN SETTING KAMALA UP FOR FAILURE?

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For all the Biden administration’s efforts to make Kamala Harris into a co-consul in the bipartite “Biden-Harris administration,” the public has not taken as warmly to the vice president as they have to her boss. Among registered voters, the vice president’s favorability—distinct from whether they approve or disapprove of the job she is doing—routinely underperforms Joe Biden’s. … Read more

Lori Roman: Corporatism Will Snuff Out Individual Rights Unless We Stop It

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For too long, conservatives have blindly supported corporations. While trying to support “free markets” we might inadvertently be supporting corporatism, a form of economic totalitarianism where government and corporations collude to destroy individual rights. When I moved to Washington DC in 2002 to accept a position in the Bush Administration, I thought that corporations might … Read more

Dems Embrace Biden Plan for $200 Billion Subsidy to Electric Vehicle Market in Infrastructure Bill

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Colorado Democratic Sen. Michael Bennet applauded President Joe Biden’s proposal to spend nearly $200 billion to prop up the electric vehicle market as part of his $2.25 trillion American Jobs Plan. “I view this as our best opportunity in decades to make the long-term investments we have put off for years,” Bennet said on a … Read more

Newest Meme Stocks Extend Gains With No Sign of Craze Fading… Exorbitant NFT prices mirror modern art?

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Newest Meme Stocks Extend Gains With No Sign of Craze Fading (Bloomberg) — Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. Prison operator GEO Group Inc. soared 38% and Clean Energy Fuels Corp. jumped 32%, supplanting names like ContextLogic Inc. and Clover … Read more

HEY, THEY ONLY CENSOR PEOPLE THEY DISAGREE WITH:

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Amazon Defends Sale of Anti-Cop Merchandise: Tech giant sells products featuring ‘Blue Lives Murder’ slogan.. “We do not endorse the content of any particular book, video, or product.” Actually, once you started banning stuff you disagree with, it became an implied endorsement of anything you don’t ban. h/t Glenn

180,000 Illegal Arrested at the Border in May – 674% Increase Over Last Year

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https://www.foxnews.com/politics/migrant-encounters-may-border-crisis-continues-cbp-data-show More than 180,000 migrants were encountered attempting to get into the U.S. via the southern border in May alone, Customs and Border Protection (CBP) announced Wednesday — the latest sign of a continued and unrelenting crisis at the southern border. CBP said that 180,034 migrants were encountered along the border, an increase over the … Read more

Audience Member Calls Out Bloomberg For Pushing Gun Control While Using Armed Guards: Does Your Life Matter More Than Mine?

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An audience member called out former New York City Mayor Mike Bloomberg for “pushing for more gun control” when he has “an armed security detail.” “How do you justify pushing for more gun control when you have an armed security detail that’s likely equipped with the same firearms and magazines that you seek to ban … Read more

$CLOV huge 1.7 million dollar calls before news

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by Unusual-Whales Right now, Upward Health Announces contract with Clover Health to serve patients In four states under new direct contracting initiative. Did someone know? Looks like it. There was a huge 1.7 million dollar $CLOV call just before close yesterday. Great news regardless!   Disclaimer: This information is only for educational purposes. Do not make any investment … Read more

QUICKEST RISE SINCE THE GREAT DEPRESSION: May CPI higher than consensus estimates at +5% y/y (+0.6% m/m) vs. +4.7% est. CORE CPI 3.8% ROSE TO THE HIGHEST LEVEL SINCE 1992

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May CPI higher than consensus estimates at +5% y/y (+0.6% m/m) vs. +4.7% est. & +4.2% in prior month; core +3.8% y/y (+0.7% m/m) vs. +3.5% est. & +3% in prior month … headline at highest since August 2008 & core highest since May 1992 pic.twitter.com/SM7ExrsJR0 — Liz Ann Sonders (@LizAnnSonders) June 10, 2021 Inflation … Read more