The second tech bubble has burst

#recession … #Tech Bubble 2.0 edition#layoff #jobless #unemploymeny https://t.co/PNBLoU4XbJ — Invariant Perspective (@InvariantPersp1) November 7, 2022 Mark Zuckerberg's net worth šŸ“‰: 2022: $35B 2021: $140B — World of Statistics (@stats_feed) November 6, 2022

System couldn’t handle QT in 2018. Hey lets try it again and expect a positive result. (Spoiler: It’s going to be worse.)

The Fed has ratcheted up interest rates this year, but that’s only half of its approach to fighting inflation and taming frothy markets. Quantitative tightening is meant to suck excess liquidity from the market, fighting inflation and deflating bubbles. Experts say there is the potential it goes too far, but the Fed can avoid a … Read more

Pope says he’ll do “the best we can” about rampant child sex abuse in the chruch

Pope Francis said Sunday that the Catholic church was working “as best we can” to fight clerical child abuse but admitted there were shortfalls. During a press conference on a plane while returning from Bahrain, where he had been promoting dialogue with Islam, the pontiff said child abuse inside the Church was a “tragic thing.” … Read more

FBI seizes massive online ‘zlibrary’

The FBI has seized several domains associated with popular free ebook resource ZLibrary Multiple web domains belonging to popular free ebook resource ZLibrary were seized by the FBI on Friday after the shadow library fell under investigation by the US Trade Representative. Z-lib.org, b-ok.org, 3lib.net and other domains were taken offline, redirecting to a graphic … Read more

Political experts issue midterm election predictions, most conclude GOP will take House and Senate is toss-up

Voters are gearing up to head to the polls on Tuesday and participate in the most contentious political showdown of the year – the 2022 midterm elections. While several political insiders are divided over who will take control of the Senate and the House, others believe Republicans will take majority in both chambers. Political insiders … Read more

The rise of the machines have OFFICIALLY begun.

  A.I. robot presents evidence in court. Watch the whole video; humans casually talk about replacing humans. This is why everyone is being groomed to use pronouns; to be inclusive and accept the new A.I. overlords Robots will prove to have less of a carbon footprint; first comes the carbon tax, than comes the…… If … Read more

Casket manufacturer blows the whistle on unexpected high demands for youth size coffins

Casket manufacturer blows the whistle on unexpected high demands for youth size coffins. #diedsuddenly #safeandeffective pic.twitter.com/BWMlUjKBRB — Karine / ŁƒŲ§Ų±ŁŠŁ†Ų§ āœļøšŸ‡§šŸ‡»ā¤ļøšŸ‡µšŸ‡ø (@karineisback) November 6, 2022 WORST Job on the Planet right now. The nation’s only manufacturer of children’s coffins received 19 urgent orders in the aftermath of the school shooting in Uvalde, Texas. Mike Mims, … Read more

I’VE BEEN SAYING THIS FOR THIRTY YEARS: Leftist policies have driven women mad.

At the forefront of the BLM riots in 2020 were women—screaming, hysterical, angry, irrational women, seemingly college-educated, and both Black and White. These women were obviously broken, and a poll now confirms that observation. The left, by denying these women their biological mission, is destroying them. However, those women who embrace that mission may save … Read more

THE PROBLEM WITH HIRING FOR EQUITY IS THAT WE DO NEED COMPETENCE: The Supreme Court Confronts the Left’s Victimhood Consensus.

THE PROBLEM WITH HIRING FOR EQUITY IS THAT WE DO NEED COMPETENCE:Ā Ā The Supreme Court Confronts the Left’s Victimhood Consensus. Although the Civil Rights Act of 1964 reasserted the principle that no one should be discriminated against based on race, it has been clear that racial identity proponents led by our cultural elites have succeeded in … Read more

The problem is that everyone notices high prices…

Dem pollster Mark Penn: Democrats have stupidly become ā€œinflation deniersā€ before midterms. Democratic Pollster Mark Penn said this week on “FOX News Sunday” that the Democratic Party has denied the impact of inflation ahead of the 2022 midterm elections by focusing all their energy on warning about “threats to democracy.” “I think that was really … Read more

CHINA: Offshore #yuan weakens sharply… There is no “re-opening”… OCT Exports #slowed to 0.7% y/y in dollar terms from 5.7% growth in SEP

Offshore #yuan weakens sharply Monday morning…God bless Hang Seng… pic.twitter.com/d037XYOQIz — Cathy Yuan Zhang (@CathyYuanZhang) November 7, 2022 There is no "re-opening" in China this morning – those were 1-day trades China OCT Exports #slowed to 0.7% y/y in dollar terms from 5.7% growth in SEP = Global Recession — Keith McCullough (@KeithMcCullough) November 7, … Read more

LAYOFFS ROSE 48% IN OCTOBER

LAYOFFS ROSE 48% IN OCTOBER — The_Real_Fly (@The_Real_Fly) November 7, 2022 As mass layoff announcements keep rolling in while the Fed keeps selling the public a lagging data based strong labor narrative it’s always worth remembering that the Fed will remain layoff free while they keep gambling with other people’s livelihoods. — Sven Henrich (@NorthmanTrader) … Read more

EU wants to know the truth…

The house of cards is tumbling as Christine Anderson MEP talks to a full house about the criminal investigations underway. Von Ursula whose husband is linked to Pfizzer is under pressure to explain contracts valued at 71bn euro/10 doses per person. Justice is being served. pic.twitter.com/L3hKTbOA6v — Kat A 🌸 (@SaiKate108) November 7, 2022 h/t … Read more

BREAK UP THE FBI: Roger Kimball: The FBI will not be forgiven after Tuesday: The House Republicans’ bruising report is a statement of intent.

viaĀ spectatorworld: People are not about to forget what the politicians and their bureaucrats just did to them. And if they do not forget, neither will they forgive. Nor are they going to forget what the FBI has done and is doing to us. The dawn raids against non-violent political rivals of the regime and pro-life … Read more

It’s 2022 and yet top universities still run around with this hilarious idea that banks ”multiply” reserves into loans

It's 2022 and yet top universities still run around with this hilarious idea that banks ''multiply'' reserves into loans Between 1999 and 2006, Japan doubled (!) its monetary base (red) and yet bank loans (blue) fell by 25% The amount of reserves is irrelevant for bank lending pic.twitter.com/WzxI5UPFKE — Alf (@MacroAlf) November 6, 2022 …banks … Read more