Bankstorm 2023 has arrived…

Bank failures since 2001 https://observablehq.com/@mbostock/bank-failures And a similar graph adjusted for inflation: this one is adjusted pic.twitter.com/ZtPSyLHMum — viralhysteria (@ivenyulfgrevn) May 2, 2023   S**t Just Hit The Fan Across Markets, Regional Banks Crashing Weak JOLTS?, Poor factory orders, hot EU inflation, surprise RBA rate-hike, a sudden realization of the urgency and seriousness of the … Read more

The labor market continues decelerating

🇺🇸🚨 Job vacancy in the US has dropped by 20.3% from its peak. Will employment data in the coming months see a similar declinehttps://t.co/rE61n1gCqU — MacroMicro (@MacroMicroMe) May 2, 2023 There is a 50% decline in software-development job postings compared to a year ago, per Indeed. — unusual_whales (@unusual_whales) May 2, 2023

Minnesota Governor Tim Walz says police can take away your children if you refuse them gender reassignment

via gellerreport: They’re coning for our kids. Literally. The government is too big, over reaching and out of control. It is monstrous. You try to take a child from their parents to brainwash and mutilate them, you are braying for bloodshed. And that’s what they’ll get. https://twitter.com/SNienow/status/1651639277774594048    

One More Hike! Fed Expected To Raise Rates One More Time, Then Start Cutting Rates (Large Bank Failures, Slowing Economy)

by confoundedinterest17 Like the Phil Collins song “One More Night”, there will be one more hike. The Fed Funds Futures data is pointing to one more hike at the upcoming May FOMC meeting. Then reversal of policy. With the massive bank failures under Clueless Joe, The Fed will intervene to make the problem worse. And with … Read more

The Punisher! Biden “Punishes Responsibility” As New Mortgage Equity Program Begins

by confoundedinterest17 Joe Biden should be nicknamed “The Punisher” for his new woke mortgage idiocy. Starting yesterday, the Federal Housing Finance Agency’s mortgage pricing adjustments will increase fees for borrowers with high credit scores while reducing costs for those with subpar credit scores. This upside-down policy is blatantly socialism, and one can’t help but wonder … Read more

Banking meltdown spreading quickly: Pac West and another Bank just went Boom. Half of America’s banks are already insolvent!

The next bank crashes after just ONE DAY. after the takeover of First Republic Bank from JP Morgan. Bank dying continues! JUST IN: PacWest Bancorp $PACW stock trading halted, citing volatility, after sinking 30% today. pic.twitter.com/awKS9nuTRD — Watcher.Guru (@WatcherGuru) May 2, 2023 Many politicians have been caught trading around the banking crisis. This includes U.S. … Read more

ALERT: DOD has announced that a High-Altitude Balloon from an “Unknown Country” was detected over Hawaii. Now considering a shoot down

The U.S. Department of Defense has announced that a High-Altitude Balloon from an “Unknown Country” was recently Detected in the Airspace over the Hawaiian Islands with it currently heading in the direction of the U.S. West Coast. pic.twitter.com/qk4IPTvybM — OSINTdefender (@sentdefender) May 1, 2023 The Balloon has been Tracked by the U.S. Military since late … Read more

Unbelievable. FDIC recommends raising insured deposit limit for businesses only, leaving individual accounts at risk

NEW YORK (AP) — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months. The FDIC recommended the change Monday, rethinking the … Read more

The silent recession

by Elon_Mockster Working in the energy field for many years starting during the 2008 recession and all the signs are back. Contractors are not ordering materials, there’s a glut of solar panels no one wants to buy, investors are no longer investing in startups and banks are failing. It’s interesting the “job market” is what’s … Read more

Antikythera Mechanism The ancient ‘computer’ that simply shouldn’t exist

One object recovered from the site, a lump the size of a large dictionary, initially escaped notice amid more exciting finds. Months later, however, at the National Archaeological Museum in Athens, the lump broke apart, revealing bronze precision gearwheels the size of coins. According to historical knowledge at the time, gears like these should not … Read more

Pickup truck market is impossible

Truck dealers went from not being able to get vehicles due to chip shortages, to being flooded with inventory they can’t sell. Odd that people aren’t lined up to pay $110,000 for an electric pickup truck or $85,000 for a regular pickup. h/t JustmeTX