Railroad Strike Doom Averted…Biden CAVES to rail unions to avoid nationwide strike and hands out immediate $11k bonus and 25% wage increase backdated to 2020

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Biden CAVES to rail unions to avoid nationwide strike and hands out immediate $11k bonus and a 25% wage increase backdated to 2020 – amid fears industrial action would have cost $2b-a-day to economy Biden said on Thursday that a ‘tentative’ deal has been reached between US rail companies and unions It averts a potentially … Read more

Aussie housing affordability plummets

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by Boo_Randy Gen-Z, most of you don’t have a hope in hell of ever owning your own house free and clear as long as the gold collar criminals at the central banks and their private equity accomplices like BlackRock continue to turn housing into a speculative asset bubble with their gushers of printing press “money.” … Read more

A new virus to worry about: EV-D68 can cause paralysis in children

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“Health officials are warning doctors about another contagious virus that, in rare cases, can send children to the hospital or lead to permanent paralysis. In an advisory, the U.S. Centers for Disease Control and Prevention noted an increase last month in the number of children hospitalized for severe respiratory illness — including enterovirus D68, or … Read more

Stocks just not dropping fast enough to keep up with rising rates…. The equity outflows have not even started yet

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What is amazing is how EXPENSIVE this market is relative to rates. The spread between the #sp500 Earnings yield and the 10-Yr nominal rate is at multi-year lows. Even after today's drop. Stocks just not dropping fast enough to keep up with rising rates. pic.twitter.com/3FVZsx2uwv — Michael J. Kramer (@MichaelMOTTCM) September 13, 2022 You think … Read more

Expert warns US entering a recession ‘unseen like any other seen in our nation’s history!’

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That would be called a great depression Next Year you will be laid off! the gap between richer and poorer will get worse and worse Joe Biden is taking a victory lap on inflation while the stock market tanks…because of inflation. pic.twitter.com/pmTCZlse6d — RNC Research (@RNCResearch) September 13, 2022 https://twitter.com/WallStreetSilv/status/1570130084509646848   AC

Nick Gerli: Big Real Estate Investor selloff coming. Especially among Wall Street owners.

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In markets like Dallas, Austin, Denver, Salt Lake City, Seattle, and Los Angeles the 6-Month Treasury is already > the Cap Rate. Meaning there is very little incentive for investors to be in these markets. Especially now that prices are going down. — Nick Gerli (@nickgerli1) September 14, 2022 Making matters worse: many Wall Street … Read more

Senator Rand Paul Spanks Fauci With His Own Words In The Past About Natural Immunity

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Rand Paul confronts Fauci on his clip saying that getting infected protects you from a virus more than vaccines: Fauci: “That film you showed was really taken out of context… Reuters fact checked that.” Paul: “Actually, words don’t lie.” pic.twitter.com/bJKhlYNt5E — Greg Price (@greg_price11) September 14, 2022 h/t Mason Firefly

Bloomberg: Sweden’s Prime Minister Resigns as Full Vote Tally Confirms Her Defeat

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Swedish Prime Minister Magdalena Andersson conceded defeat and announced she will resign as surge in support for a nationalist party helped the right-wing opposition win one of the closest elections ever in the largest Nordic country. Andersson — who became the nation’s first female prime minister last year — told reporters in Stockholm that she … Read more

Tapped Out Debt Donkeys Burning Through Savings While Running Up Credit Cards As The Fed Destroys The Purchasing Power Of Their Wages. This Won’t End Well

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by Boo_Randy Relentless climb in yields. pic.twitter.com/bVIgIQB8e0 — Brian G ☀️ (@alphacharts) September 14, 2022 Uh Oh … Inventory data and mortgage rates are suggesting a serious drop in the housing market Is Fed going to raise rates next week by 75 bps or 100 bps…? Yesterday the chance of 100 bps was 0% whereas … Read more