No, Autos Are Not “Cheaper Now”

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by Charles Hugh-Smith According to the BLS, inflation in the category of “New Vehicles” has been practically non-existent the past 21 years. Longtime readers know I’ve long turned a skeptical gaze at official calculations of inflation, offering real-world analyses such as The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016) and Burrito Index Update: … Read more

Average Age of Vehicles Sets Record, New-Vehicle Sales Drop to Where They Were 20 Years Ago. What Are Automakers Doing?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Part of Carmageddon, But Consumers Demand It The average age of passenger cars and trucks on the road in the US ticked up again in 2019, to another record of 11.8 years, IHS Markit reported today. When I entered the car business in 1985, the average age had just ticked up to 7.8 … Read more

Blatant Election Rigging: Twitter Wants To Make Sure We NEVER Have Another President Like Trump

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by Michael Snyder Just in time for the 2020 election, Twitter has come up with a new “policy” that is obviously intended to neuter the effectiveness of President Trump’s Twitter account.  Right now, Trump has 61.4 million followers on Twitter, and his tweets regularly make headlines all over the world.  Trump has been devastatingly effective … Read more

The 10 Most Memorable Quotes From Thursday Night’s Bizarre Democratic Presidential Debate

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by Michael Snyder Unlike Wednesday night, the mud was definitely flying when 10 more Democratic presidential candidates took the stage for a nationally televised debate on Thursday night.  The most frequent target was former Vice President Joe Biden, and it is going to be very interesting to see how he bounces back from this.  Senator … Read more

Part of Carmageddon for Automakers, But Consumers Demand It

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Average age of vehicles rises, but new-vehicle sales drop to where they’d been 20 years ago. So what are automakers doing? The average age of passenger cars and trucks on the road in the US ticked up again in 2019, to another record of 11.8 years, IHS Markit reported today. When I entered … Read more

The Fed’s Stealth Stimulus Has Arrived

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It’s not so stealthy. This is the transcript from my podcast, THE WOLF STREET REPORT: Let me just throw this out there for us to kick around: The Fed has already accomplished more with its verbiage so far this year than it had in the past when it actually cut rates multiple times, all the way … Read more

Amazon launches Counter in-store pick-up in the US, starting with 100 Rite Aid locations

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Amazon’s  strategy to bring more brick-and-mortar options into its vast e-commerce empire, and its ambition to sell more pharmaceutical products, today may have found themselves a little more knitted together. The company announced a new service in the US called Counter, a free in-store pick-up service where Amazon shoppers can arrange to collect packages. And its first … Read more

Baoshang Bank Takeover by PBOC: Was It The Beginning of China’s Liquidity Crisis?

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We’re now one month removed (May 24th) since the PBOC and Chinese banking and financial regulators seized tiny Baoshang Bank in Inner Mongolia. In the one month since, many additional problems in the Chinese banking and financial systems seem to be coming to light. Did Baoshang Bank start a liquidity crisis? China’s SHIBOR lending rate … Read more

San Francisco BANS Vaping While Homeless SUFFER

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Josh Sigurdson talks with Kingsley Edwards from San Francisco about the recent ban on vaping in the San Francisco area which the mayor is expected to sign into law shortly. Already, parts of the greater Los Angeles area have banned sale of tobacco products by 2021. These bans will simply create a black market and … Read more

New Retirement Bill in Congress Looks to Shake Things Up

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by FS A new bill before Congress—named the Setting Every Community Up for Retirement and Enhancement or SECURE Act—is likely to change options for investors as they prepare for retirement. In a recent Lifetime Income podcast Jim Puplava explained how things are changing and what it means for retirement planning. What’s New? The SECURE Act makes several … Read more

Google, Silicon Valley Panicking After Being Exposed For Political Bias

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Big Tech Is Purging Project Veritas For Exposing Their Corruption. Project Veritas is being systematically purged from various tech platforms following their continued work exposing Big Tech censorship. First they removed the pinterest expose, then Google censored the expose on them citing privacy. Veritas has been banned from Reddit and Now Vimeo following their continued … Read more

Lifelong Democrats APPLAUD Trump And FINALLY Lose Hope In Democratic Party

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100% Fed Up reports, Two swing voters spoke out about why they support President Trump in two different videos below. Both had differing views on why they support the president. The key points were on the economy and on keeping his promises. https://www.youtube.com/watch?v=8mdta2sDk5c   Read More/Source/Credit/FairUse: https://100percentfedup.com/lifelong-…