The high yield (junk) bond market is freezing up
Wall Street Silver – Twitter, Released on 7/27/22 https://twitter.com/WallStreetSilv/status/1552428622476185601
Facebook reports first ever revenue decline…
Meta missed on the top and bottom lines and gave a troubling forecast for the third quarter. The shares have lost about half their value this year as marketers pull back on ad spending. The company said its guidance reflects …
VIDEO: Powell decrees that food/gas/vehicle/housing inflation don’t matter to the Fed. Feel better now?
CNBC, Released on 7/27/22 Federal Reserve Chair Jerome Powell addresses questions from reporters after the FOMC decided to raise the federal funds rate by 75 basis points.
U.S. reports 1,048 new MONKEYPOX cases, biggest one-day increase on record. Politico: Biden admin. expected to soon declare monkeypox a health emergency
BREAKING: U.S. reports 1,048 new monkeypox cases, biggest one-day increase on record — BNO News (@BNOFeed) July 27, 2022 https://twitter.com/Breaking911/status/1552431933896159233
Joe Manchin and Chuck Schumer Strike a Deal, $370 Billion for Green New Deal Energy Transition, Tax Increases to Pay for it and More IRS Agents
by Sundance Two weeks ago, CTH warned everyone that Joe Manchin’s torpedoing of the $500 billion Green New Deal senate spending program was a head fake; he was always going to sign up to expand the control of the federal government over energy …
U.S. Treasury Secretary Yellen: “Recession” Doesn’t Mean What You Think It Means
by Ryan McMaken of Mises Institute In September 2008, the worsening global financial crisis hit a new phase when Lehman Brothers collapsed and it became undeniable that “hard times” had arrived for most ordinary people. By then, the unemployment rate had been climbing …
European Gas Prices Spike 30% After Russian Supply Cuts
By Alex Kimani European gas prices have surged 30% in the space of two days after Russia made good its threat to slash gas deliveries to the continent in half from already reduced levels. After Tuesday’s surge, Wednesday saw another 9% hike …
Whistleblowers Say FBI ‘Pressured & Incentivized’ Agents To Classify Cases As Domestic Terrorism
New whistleblower information reveals that FBI officials are pressuring agents to reclassify cases as “domestic violent extremism” (DVE) despite lacking the criteria to meet such a classification. Whistleblower disclosures have also detailed the agency’s effort to exaggerate DVE data to satisfy the …
GM profits take $1 billion nosedive…
General Motors’ (GM) second-quarter net earnings plummeted 40% from 2021 amid the company’s push to produce more electric vehicles (EVs), according to a company earnings report released Tuesday. GM said it was unable to deliver 95,000 vehicles to dealers due …
Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession. The Joe Biden recession officially starts today
BREAKING: Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession. — The Kobeissi Letter (@KobeissiLetter) July 28, 2022 GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal. It’s not …
Housing bubble popped by the Fed… Consumer confidence falls even lower…
US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, noted that single-family …
Cuomo staffer killed on highway after getting kicked out by Lyft driver…
A former staffer for disgraced Gov. Andrew Cuomo was killed by a passing car after he was kicked out of a Lyft by an angry driver in the middle of a Delaware thoroughfare. Sidney Wolf, 43, was fatally struck on …
Disney and Hulu cave to Leftists…
The Walt Disney Co. has once again caved to the far left by reversing its earlier decision to reject Democrat commercials on abortion and gun control that were intended to run on Hulu. Disney said Hulu will now accept advertisements …
New York City has reached the depths of Hell…
https://twitter.com/_mikefromqueens/status/1552108693038272514
Two decades of Alzheimer’s research was based on deliberate fraud by 2 scientists that has cost billions of dollars
Last month, drug company Genentech reported on the first clinical trials of the drug crenezumab, a drug targeting amyloid proteins that form sticky plaques in the brains of Alzheimer’s disease patients. The drug had been particularly effective in animal models, …
Astonishing that these freaks hold the reins of power. Bizzaro world.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." pic.twitter.com/kz7tx712wK — RNC Research (@RNCResearch) July 26, 2022 Why are they doing this lmfao. pic.twitter.com/VOSB5MAGZv — Greg …
Democrats introduce bill to enact term limits for Supreme Court justices
A group of House Democrats introduced a bill on Tuesday to enact term limits for Supreme Court justices, arguing that the move will “restore legitimacy and independence to the nation’s highest court.” The legislation, titled the Supreme Court Tenure Establishment …
The Military Industrial Complex Is Going To Absolutely Love It When War With China Erupts
by Michael George Orwell once said that “war against a foreign country only happens when the moneyed classes think they are going to profit from it”, and he was right on target. War is enormously profitable, but once the conflicts …
Global financial risk has never been higher. Gamblers are becoming bolder as the Fed becomes more hawkish and the economy implodes.
Global financial risk has never been higher. pic.twitter.com/i7i4c02X6X — Mac10 (@SuburbanDrone) July 27, 2022 Gamblers are becoming bolder as the Fed becomes more hawkish and the economy implodes. This is the most overbought the market has been at any FOMC …
Democrats To The Fed: Stop Raising Rates!
Democrats want the bubble machine turned back on. Stop raising rates! Our unconstitutional and immoral monetary system, run by the Federal Reserve, is like a game of financial musical chairs. Everyone wants to take credit for the fake and illusionary …
Corporate profits surge 25%—largest growth in 50 years—while inflation is up 9.1%
by smeblorp Corporate profits in the U.S. have soared upwards of 25%, the biggest annual increase in nearly 50 years, while every-day Americans are dealing with 9.1% inflation. Sources: U.S. Bureau of Labor Statistics, Consumer prices up 9.1 percent over the year …
WHO calls for social media companies to immediately censor any information that goes against the official Monkeypox narrative
“Tedros of the WHO calls for social media companies to immediately censor any information that goes against the official narrative on Monkeypox.” It looks like they’re preparing for another Pandemic. h/t UniversalSurvivalist
Fox News labeled as misinformation…
NewsGuard, the establishment “news-rating” project that presents itself to the public as an impartial authority on the trustworthiness of news publishers, has labeled Fox News an untrustworthy news source, saying it “fails to adhere to basic journalistic standards.” Despite presenting …
HMM: China Has a Crisis Brewing – Will It Be the Final Straw for Global Economy?
Last year, China’s largest real estate company, Evergrande, with a debt of nearly $300 bn, defaulted on its bond repayments. Real estate is now sinking the whole country. The sector contributes more than 25% to the Chinese GDP. Over the …
IF YOU HAVE TO PAY PEOPLE TO BUY SOMETHING AND THEY STILL WON’T…:
EVs are Big in Colorado; But Are They Really? As of Apr 1, Colorado has 51,645 EVs. With total state vehicle registrations near 2 million for the state, that’s approaching 3%. Keep in mind, though, that even in 2016, 17,155 …
PRODUCTION IS DOWN, RESERVES ARE DOWN — WHAT COULD POSSIBLY GO WRONG?
Biden Administration to Sell 20 Million More Barrels of Oil From Strategic Petroleum Reserve. President Joe Biden’s administration plans to sell an additional 20 million barrels of oil, according to a notice of the sale filed on July 26. Interested …
TWO AP’S IN ONE!
by Ed Driscoll Shot: Chaser: A recession is a falling-off of economic activity that may be a temporary phenomenon or could continue into a depression. A common definition is two straight quarters of economic contraction. A more official determination is made by the National …
Oh Goody! Now We Get To Have Rampant Inflation And A Housing Collapse At The Same Time!
by Michael Under normal circumstances, this would never happen. Normally, you would never have raging inflation and a housing crash at the same time. But thanks to the Federal Reserve that is precisely what we are now facing. The Fed …
Whoopi Goldberg says Jill Biden should become Surgeon General
Whoopi Goldberg says Jill Biden should become Surgeon General: “She’s an amazing doctor.” Jill Biden’s doctorate is in education Just shows how bloody thick these lefties are.. Note: This clip is from March 4, 2020. — Daily Wire (@realDailyWire) July …
Stewart Thomson: Inflation: 18% And Sticky?
posted by Stewart Thomson on 321gold.com: What will the Fed meet bring for the major markets? Please click here now. Double-click to enlarge this Brent crude oil chart. There’s an inverse H&S bottom in play and Brent may be leading the price of Texas …