JUST IN – Bangladesh's national power grid collapses, causing a blackout for 140 million citizens. Apart from parts of the county's northwest, "the rest of the country is without power," an official says. — Disclose.tv (@disclosetv) October 4, 2022
The price Americans will pay for Tarp, Obamacare, PPP, and all Govt. programs that lead to the massive build up of debt since the 2008 financial crisis is #inflation. Double digit annual inflation will soon be a way of life …
Coming to government offices soon…. h/t John Dutton
by BinyaminDelta Reuters in 2020 telling you don’t be silly, inflation won’t happen… Trillions in bailouts and unplugging the economy will actually cause prices to fall long term! “The coronavirus pandemic is more likely to leave a legacy of weak or falling prices for goods and services …
Graphic showing median range of a gas car vs electric car. The average EV can’t make it from Vegas to Reno. h/t BinyaminDelta
October 04, 2022 Technology’s Impact on the Post-Pandemic Economy Governor Philip N. Jefferson At “Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,” a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond Good morning, and …
On Ukraine, @elonmusk learned two lessons: 1. if you suggest avoiding a nuclear war, you’ll face death threats. 2. Maybe there isn’t a “good side” in that war. (Which is what every intelligent person who understands the area said from …
September global manufacturing PMI fell below 50 for the first time since the pandemic, down 0.8pt to 49.9 This is due to lower activity components (-0.7pt to 48.1) while price pressures components remained unchanged at 57.3 pic.twitter.com/505gMFLd0g — Patrick Zweifel …
by silvertomars https://www.rba.gov.au/media-releases/2022/mr-22-33.html
(Kitco News) Despite a positive start to the fourth quarter, households could sell $100 billion worth of equities next year, according to Goldman Sachs. “Rising rates are causing a shift in investor mindsets from TINA (`There Is No Alternative’) to …
by Boo_Randy You are not a “homeowner” until the last mortgage check clears. These Australian debt donkeys who bought into one of the world’s most insane housing bubble courtesy of the RBA are royally screwed. https://www.news.com.au/finance/economy/interest-rates/interest-rates-how-much-the-cash-rate-could-rise-by-2023/news-story/dc2d53fda7f84927a7fa94120c4dab09 Australian homeowners could be …
To get $20,000 back you must have an income of like $3 million a year lol. If you make $100k a year you’re getting back around $650 Nearly $3 billion in excess tax revenue is set to be returned …
by Boo_Rand https://www.macrobusiness.com.au/2022/10/falling-chinese-property-ignores-more-support/ The average new home prices in China’s 100 major cities stood at 16,200 yuan per square meter in September, falling by 0.02% from the previous month, down for the third consecutive month and weakening from the 0.01% …
And so it begins…. https://www.ft.com/content/34f679be-714e-4201-a8b3-cc0e96acc1a1 Schroders, BlackRock and Columbia Threadneedle impose restrictions on redemptions from institutional real estate funds
BIRMINGHAM, England (Reuters) -British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could limit increases in benefit payments to less than soaring inflation as she seeks ways to fund her tax-cutting growth …
https://twitter.com/MacroStratChris/status/1577253088754139136 Seems hilarious.. those expecting a pivot don’t expect higher commodities prices — Alessio (@AlessioTMAD) October 4, 2022 Big miss on US job openings… Job openings in private sector declined by 1 million in August… the most since April 2020 …
Elon Musk told Twitter he’s willing to buy the company at the original $44 billion deal after months of trying to back out Elon Musk told Twitter he is willing to pay $54.20 per share, a source confirmed with Insider. …
Cooling off a 1,500-square-foot bungalow in a heat wave is expensive enough. But how big are the bills for the ever-larger mega-mansions crowning our hills? Granted, those who can afford a $50-million home likely aren’t sweating a bloated electric …
by Boo_Randy It’s only Yellen Bux, but still…. https://www.dailymail.co.uk/news/article-11276799/NYC-office-buildings-set-50-BILLION-value-wiped-continue-work-home.html The city of New York continues to face devastating financial peril from remote work, as office buildings could potentially lose $50billion due to people doing their jobs from home. A recent …
by Boo_Randy If the complacent sheeple realized their pension funds, and our entire financial system, were a house of cards, how many of them would be stacking the shiny? https://www.dailymail.co.uk/money/markets/article-11276197/LDI-not-designed-withstand-ferocity-gilt-market-sell-off.html A banker who helped to design the pension investment strategy …
“Jim Eagle” Has Landed: A Federal Court Declares Georgia Election Law Entirely Constitutional Below is my column in Fox.com on the recent decision finding the Georgia election law constitutional. That was the law widely denounced by President Joe Biden …
Mortgage rates continue to fill the headlines as the fallout from the Chancellor’s tax cutting mini-Budget hits borrowing costs. While the Government has now reversed its decision to cut the 45p top rate of income tax for high earners, last …
Wow, I never knew but spot on. Probably the same speech writer h/t John Dutton
Necessary groceries like sugar, honey are up ahain! Sugar was 0,79 euros last week, today its 1,29euros thats 65% right? No end in sight. Don’t get mislead, it’s not only sugar honey and cookies on the rise.. https://www.focus.de/finanzen/news/supermaerkte-ziehen-preise-an-zucker-kostet-65-prozent-mehr-honig-30-prozent-und-kekse-20-prozent_id_158947062.html h/t Phoenixe2
Norway does not recommend COVID-19 boosters to healthy individuals <65 years of age this autumn. https://t.co/jTj6WvQFdp — Christine Stabell Benn (@StabellBenn) October 3, 2022 h/t Limpan
I believe that we will hold the House,” Pelosi said as the audience roared with applause. “We will hold the House by winning more seats. We won the 40 seats, then we lost some when Trump was on the ballot, …
