Armstrong: Consumers Spend More on Less

by Martin Armstrong Consumer spending, a main indication of the nation’s economic health, has remained strong despite rising inflation. Personal spending increased 0.9% in April, while March’s figure was revised to 1.4%. Obviously, people have been spending more on less …

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Barack and Michelle Obama’s Amazon Audible deal is worth $20MILLION and will feature them in eight episodes each, experts say – after they ditched Spotify amid fallout over exclusivity and how often they had to appear in shows

Barack and Michelle Obama have signed a $20M podcast deal with Audible The couple will need to contribute two shows with an estimated appearance cap of eight episodes each, industry experts allege  The Amazon-owned company will hold exclusive rights to their …

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Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

https://abcnews.go.com/International/wireStory/sri-lanka-pm-economy-collapsed-unable-buy-oil-85551129 Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe …

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DeFi : Straight out of the horse’s mouths. A review of an Interagency Report on Stablecoins, and the control they want to have over DeFi – while conflating with CeFi.

by laflammaster I stumbled upon some fun stuff – a report from the US Treasury dept on stablecoins. Document link: Interagency Report on Stablecoins Forward reading – and why you should avoid CBDC: CBDC (Central Bank Digital Currency) ​ TL;DR; Start The …

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Germans Laughed At Trump About Russian Energy

"Germany will become totally dependent on Russian energy if it does not immediately change course," Pres. Trump says at #UNGA, prompting smirks from German officials in gallery at UN https://t.co/sO3ceJeAGG pic.twitter.com/Akf5tVBwwi — CBS Evening News (@CBSEveningNews) September 25, 2018 https://twitchy.com/gregp-3534/2022/06/21/this-aged-quite-badly-trump-warned-germany-of-becoming-totally-dependent-on-russian-energy-at-the-un-in-2018-whos-laughing-now/

Food Banks beg for help…

Ohio’s food banks are struggling to keep shelves stocked amid rising costs and supply-chain disruptions. But those same issues are pushing even more people to turn to them for help. Why it matters: More than 1.5 million Ohioans — one in …

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Household savings rate vanishes…

The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces. This apparently strong figure is supporting an average consensus estimate for the second-quarter …

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