People are going to have to choose between food and paying their mortgage. Europe is heading down a dark path

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by BoatSurfer600 Europe and the rest of the world* Homeowners faced a fresh blow after higher than expected inflation raised fears interest rates could hit 5 per cent. Mortgage holders have been hit by a series of interest rate rises as the Bank of England attempts to bring spiralling price increases under control. Interest rates … Read more

Sen. Rick Scott: “The Federal Reserve has become a monster.” “It’s clear that we need answers and accountability that cannot be provided by the current system.” “We can’t wait any longer for big change at the Fed.” “If we do nothing, we risk repeating 2008.”

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by Dismal-Jellyfish Source: https://www.marketwatch.com/story/sen-rick-scott-the-fed-isnt-owning-up-to-its-failures-we-need-to-make-it-accountable-19d3697c The Federal Reserve has become a monster. The Fed is the world’s largest and most powerful central bank. It spent years buying up trillions in government bonds, mortgage securities, and other financial instruments. Altogether, its assets add up to a staggering $8.6 trillion. Considering that massive balance sheet, and how influential the Fed is … Read more

Something Is Wrong With the Bond Markets!

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by BoatSurfer600 What are the markets preparing for? The US Bond markets are under siege as the extreme front-end rates have decoupled. The 1M T-bill is now at 3.89%, and the 3M T- Bill is now at 5.20%. The spread is at a record 131 bps Sagar Singh LinkedIn  

Public Backlash Forces New Zealand to Cancel Cat-Killing Contest for Children

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NEW 🚨 A competition in New Zealand for children to hunt and kill feral cats has been scrapped following public outcry https://t.co/m0h0f0y52n — Insider Paper (@TheInsiderPaper) April 19, 2023 A competition in New Zealand for children to hunt and kill feral cats has been scrapped following public outcry, with a major animal welfare group on … Read more

Alleged Chinese Operative Arrested By FBI For Opening ‘Secret Police Stations’ Attended Ritzy Dem Events

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An alleged Chinese Communist Party (CCP) operative arrested by the FBI on Monday was pictured meeting with several prominent New York Democrats at swanky dinners and campaign events, a Daily Caller News Foundation investigation found. Lu Jianwang, whom the FBI arrested Monday for conspiring to act as an agent of the People’s Republic of China … Read more

What Inflation Can Do In 2 Years (Shocking Charts)

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As of April, the pace of inflation has slowed from a year-over-year peak of 9.1% to 5%. That’s good news for struggling consumers, but doesn’t tell the whole story of how much more Americans are spending due to rising prices. That’s because the year-over-year inflation only looks back one year, even though inflation has been … Read more

Person interest payments have increased by 100% in the past 18 months. Credit crunch is taking out auto lending home lending and commercial real estate.

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~100% increase in the past 18 months pic.twitter.com/VNLUWHSjKg — Adam Taggart (@adamtaggart) April 19, 2023 Credit crunch is moving forward, taking out auto lending home lending and commercial real estate. Recession signals are 🚨🚨🚨 🔊 https://t.co/xJgzSeqaOL — Wall Street Mav (@WallStreetMav) April 19, 2023 70% of Americans are feeling financially stressed, per CNBC. — unusual_whales … Read more

Glenn Greenwald: ‘Criminalizing speech is becoming increasingly common by claiming the speech serves Russia’s interests’

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Here's one of the leaders of one of the groups who is now indicted, Omali Yeshitela of @_InPDUM, speaking at a "Peace in Ukraine" rally last month. Criminalizing speech is becoming increasingly common by claiming the speech serves Russia's interests:https://t.co/i9kmkLYykr — Glenn Greenwald (@ggreenwald) April 19, 2023 Even more chilling is how media outlets cover … Read more

Downtown Portland not looking so hot…

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It was really really beautiful once. Not even that long ago. We never ever go there anymore. 😞💔 — Nancy the Neanderthal 🇺🇸 (@nan_mclellan) April 19, 2023 One store after another shutting down — Elon Musk (@elonmusk) April 18, 2023

Chicago is a Blue Warzone

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by Martin Armstrong Mobs of hundreds of teens and young adults are terrorizing Chicago and burning their own city down. Former Mayor Lori Lightfoot permitted crime to take place. Mayor-Elect Brandon Johnson is another far-left politician who will do nothing to save the city. “It is not constructive to demonize youth who have been denied … Read more

‘They hate you unless you bow to them and accept their twisted values, corrupted morals and lack of ethics.’

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They hate you unless you bow to them and accept their twisted values, corrupted morals and lack of ethics. — Joe Gaffney (@Jtg12461) April 18, 2023 Rand Paul: “DHS even put out a video encouraging children to report their own family members to Facebook for disinformation if they challenged US government narratives on COVID-19. Does … Read more

New Home Buyers Penalized for High Credit Scores

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by Martin Armstrong Fannie Mae and Freddie Mac are making some changes to Loan Level Price Adjustments (LLPAs) that will likely hurt those with good credit applying for conventional loans in the US. To ensure “fairness,” the agencies are helping “underserved” first-time home buyers by reducing costs for those with lower credit scores and less … Read more

US Mortgage Demand Declines -8.8% Since Last Week As Mortgage Rates Rise 2.06% WoW, Purchase Mortgage Demand Down -36% YoY, Refi Mortgage Demand Down -56% YoY

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by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications … Read more