France Pension Strike has started

Nothing here so far. Co-worker traveling in Paris says it started this morning. Now hotel is packed and full as people come in from rural areas apparently. The protests over pension reform in France are getting tense. Big clashes with …

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“Praying Is An Offence” In The U.K

“This is the moment police told a Catholic woman that ‘praying is an offence’ as she was arrested a second time outside an abortion clinic just weeks after being acquitted for the same offence. Video shared online shows Isabel Vaughan-Spruce, …

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Powell Testimony – Prepared Remarks TLDR “Higher than expected interest rates”. 1 mention of disinflation

by danielhanchen https://www.federalreserve.gov/newsevents/testimony/powell20230307a.htm Main takeaways: Disinflationary trends have partially reversed in the recent months. PCE Core services ex housing shows no disinflation at all. Rents will show disinflation in the following months. Stronger than expected economic data most likely will …

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2-year Treasury Yield Yops 5%. Consumers Are Still Spending. Used-Vehicle Auction Prices Jump for Third Month, after Last Year’s Plunge. More Trouble Brewing for “Core” CPI

by BoatSurfer600 https://www.cnbc.com/2023/03/07/us-treasury-yields-investors-anticipate-fed-chair-powells-remarks.html   Consumer Credit Alert! In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of …

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“The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” 1984 – George Orwell

"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command."1984 – George Orwell pic.twitter.com/3RHfTxGm3n — UnBaffle.me (@unbaffle_me) March 7, 2023 The rats are scared. Schumer doing damage control. They're Freaking …

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Hang ‘Em High! US Treasury 10Y-2Y Yield Curve Inverts To Near Lowest Since 1981, Credit/Equity Spread Turns Positive As Fed Tightens Monetary Noose

by confoundedinterest17 Hang ’em high! As inflation remains persist (thanks to endless Fed stimulus and endless Federal spending splurges), we are seeing The Federal Reserve finally withdrawing the monetary stimulus (tightening the monetary noose). And with it, the US Treasury yield …

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