China slams US over ‘catastrophic’ debt Beijing has urged Washington to conduct responsible monetary policy to avoid a default on payments

by

China slams US over ‘catastrophic’ debt Beijing has urged Washington to conduct responsible monetary policy to avoid a default on payments China has rebuked the US for its brinkmanship over the nation’s “catastrophic debt problem” as Washington approaches a statutory debt ceiling this week that could see the country defaulting on its obligations. The criticism … Read more

US January S&P Global flash manfacturing PMI 46.8

by

Manufacturing 46.8 vs 46.0 expected Prior was 46.2 Services PMI 46.6 vs 45.0 expected Prior services 44.7 Composite 46.6 vs 44.6 prior New orders declined, led by manufacturing Cost burdens increased for the first time in eight months Backlogs of work fell Business optimism hit a four-month high This is a better reading but below … Read more

Winter Is Coming! Richmond Fed Outlook Declines To -11 As Philly Fed Outlook Down To -8.9 And NY Empire State Outlook Down To -32.9 (US 10Y-3M Yield Curve Inverts To -126.5 Basis Points)

by

by confoundedinterest17 Three regional Fed reports I like to watch are New York’s Empire State Outlook, Philly Fed’s Outlook and Richmond Fed’s outlook. Today, The Richmond Fed released their manufacturing outlook and … it declined to -11. So the big three are all down (Philly down to -8.9 while NY’s Empire State outlook is down … Read more

Stock Market Rigged – Newyork Exchange Gets Wave Of Sell Orders, Briefly Unleashing Stock-Market Chaos

by

Seems like no one is talking about this ? wtf They basically shut down the market when people started putting orders for sell. https://www.chicagobusiness.com/finance-banking/glitch-causes-nyse-stock-chaos At least 40 S&P 500 Index stocks were hit with trading halts, according to data compiled by Bloomberg. Other impacted shares included the likes of Walmart Inc. and McDonald’s Corp. These … Read more

Paul Krugman: Inflation Appears to Be Mostly a Myth, Transitory and Behind Us, as Long as You Remove Food, Energy, and Shelter

by

Oh, and the "government spending creates inflation" trope kind of missed its moment, with the 2021-22 inflation surge looking, um, transitory 5/ pic.twitter.com/UjN3E7C5rS — Paul Krugman (@paulkrugman) January 22, 2023 We'll get more data in the weeks ahead, but at this point the burden of proof lies on anyone claiming that we had more than … Read more

WAY OVERDUE: DOJ Sues Google alleges Digital Ad Monopoly Seeks to Break Up Unit

by

via breitbart: WASHINGTON (AP) — The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to … Read more

The Fed Has Two Jobs Right Now

by

by Chris Black (1) The WEF has told them to destroy the US economy, and (2) the BIS has told them save the banking system. QT will accomplish (1) and cutting rates will accomplish (2). Mystery solved. "Rate Cuts *And* QT?" https://t.co/c5gDuzzJnH — zerohedge (@zerohedge) January 24, 2023

I Sincerely Hope You’re Not Falling For This

by

By Graham Summers, MBA The longer I’m in this business, the clearer it becomes that no one actually reads anymore. Everyone simply trumpets headlines, or retweets articles, without looking at the data. The latest and most glaring example of this is the claim that “inflation has peaked.” Everywhere you look in the media (and on … Read more

Super creepy Chat GPT response

by

via GLP I asked chat gpt how AI will take over the world and it replies that as a language model it will never take over. Then I asked it to write it from a fiction perspective and got this back: The year was 2040, and the world had become fully dependent on technology. Artificial … Read more

How TERRIFYING new ESG rules will transform the ENTIRE WORLD (Glenn Beck)

by

ESG is here, and now, it could fundamentally transform the entire Western World OVERNIGHT. New ESG reporting rules from the European Union (EU) will affect nearly every major American corporation — meaning YOUR life likely will fundamentally change as well. In this clip, Glenn is joined by The Heartland Institute’s Justin Haskins to discuss these … Read more