As Housing Costs Soar, Co-Living Makes a Comeback

You will own nothing…you will live with total strangers and you will like it…. via dnyuz: At first, Lindsey Tindage, a 27-year-old corporate recruiter, was leery of co-living, a housing model that brings strangers together in a dormitory-like arrangement. “It seemed sort of sketchy because it all seemed too easy,” she said. But after moving to New … Read more

FDIC Systemic Resolution Advisory Committee (SRAC) to Meet Next Week. The meeting will facilitate discussion on the FDIC’s resolution authority, granted under the Dodd–Frank Act of 2010, to manage the orderly resolution of large, complex financial institutions whose failure could threaten stability.

by Dismal-Jellyfish For Release WASHINGTON— The Federal Deposit Insurance Corporation’s (FDIC’s) Systemic Resolution Advisory Committee (SRAC) will meet on Wednesday, November 9, 2022, at 9:00 am ET. The SRAC provides advice and recommendations to the FDIC on a broad range of policy issues regarding the resolution of systemically important financial institutions. The meeting will facilitate … Read more

Britain faces longest recession in a CENTURY: BofE delivers grim forecast for the economy as it raises interest rates by 0.75% to 3% – the biggest increase in three decades – sending the cost of unfixed mortgages soaring by thousands

by Boo_Randy Brits who levered up on debt to get up on that “housing ladder” – and bought into the most insane housing bubble in human history – are going to be experiencing severe rectal trauma. If you must squeal like pigs, f**ked borrowers, please squeal in time with all the other FBs. https://www.dailymail.co.uk/news/article-11385623/Misery-struggling-homeowners-Bank-England-makes-biggest-rate-rise-30-YEARS.html The … Read more

Washington D.C. to Legalize Public Urination

via Front Page Mag: When your whole city’s a toilet, why not embrace it? The D.C. Council is expected to take the first of two votes Tuesday on a massive rewrite of its criminal code. If passed, the bill would eliminate most mandatory minimum sentences, allow for jury trials in almost all misdemeanor cases and reduce the … Read more

Who Would You Rather Bet On?

By Graham Summers, MBA The financial system is currently experiencing a “relief rally.” For the eight weeks ending October 28th, the primary problems facing the financial system were: 1)    The collapse of the British Pound/ UK Government Bonds 2)    The collapse of the Japanese Yen. 3)    The collapse of U.S. Treasuries. All of those have … Read more

Ex-Pakistan Prime Minister Imran Khan got shot in a ‘assassination attempt.’

https://twitter.com/amar_navneet/status/1588139597951045633 Former Pakistan PM Imran Khan’s rally came under attack just days after he took on ISI, issuing a public warning. Former Pakistan Prime Minister Imran Khan has been injured after his public rally in Pakistan’s Wazirabad came under attack. As per media reports, as many as 5 people have been injured in the incident. … Read more

The Era of All-Powerful Central Banks Is Over

by Charles Hugh-Smith Central bank gaming of Finance is the source of instability. The era of all-powerful central banks is over for a simple reason: they failed: they failed their citizens, their nations, and they failed the world. Their policies have pushed wealth and income inequality to extremes that have destabilized the planet’s social, political, economic … Read more

Powell Feinted Full Dovetard, and Stocks Still Plummeted. Why?

by David Haggith I’m going to write today’s article with all the vicissitudes I experienced as I read Powell’s statements about the Fed’s predicted moves and watched the market’s responses as they played out. My first thought, as I read the headline about Powell stating outright that the time was coming when the Fed would have to slow down … Read more

That’s How the West Abetted Hitler

by Chris Black 1921 – The great famine shook Bolshevik Russia. The USA sent Mr. Herberg Hoover (credited with saving more lives than any person who has ever lived) with $74 million (amounts to 1.2 billion in 2022) in relief. 1928 – The US industrialized Bolshevik Russia and changed Russian society from agrarian to industrial. … Read more

Powell Rugged the Markets Today, Why Tho’?

by Chris Black Where’s muh Midterms Rally? Where’s muh FED Pivot? https://twitter.com/ADAMBERGMANshow/status/1563177450992832517 What’s going on here? They are simply trying to time the break. The USD is toast when the petro dollar breaks. And that has been the plan. Brainard told banks to be ready for FEDNOW instant payment system May/ June 23. And Saudi … Read more