The Fed needs to get inflation under control quickly, says Mohamed El-Erian

CNBC, Released on 6/1/22 Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins CNBC’s ‘Squawk Box’ to discuss the Federal Reserve and his outlook for interest rate hikes later this year. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and … Read more

Auto Sales Armageddon: Honda -57%, Mazda -63%

Here’s a look at four of the first names to hit the tape this week, with most other major auto manufacturers set to release data within the next day or so. *HONDA MAY U.S. AUTO SALES -57.3% *TOYOTA US MAY SALES 175,990, -27.3% Y/Y *MAZDA N. AMERICA MAY SALES DOWN 63.7% *NISSAN APRIL GLOBAL SALES -29.1% https://www.zerohedge.com/markets/auto-armageddon-may-sales-data-shows-dramatic-slowdown-us-new-car-sales h/t CharlieFoxtrot

Our overlords say inflation and energy shortages are “worth it”

by Simon Black of Sovereign Man Here’s a roll-up of some of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Bank CEO: Inflation and Energy Shortages are “Worth It” Kjerstin Braathen, CEO of Norway’s largest financial services group, spoke on a panel … Read more

Top-Paid LA Lifeguards Earned Up To $510,283 In 2021

Daniel Douglas was the most highly paid and earned $510,283, an increase from $442,712 in 2020. As the “lifeguard captain,” he out-earned 1,000 of his peers: salary ($150,054), perks ($28,661), benefits ($85,508), and a whopping $246,060 in overtime pay. The second highest paid, lifeguard chief Fernando Boiteux, pulled down $463,517 – up from $393,137 last … Read more

30 Baltimore schools close due to lack of AC…

Happening now: 20+ schools across Baltimore City are dismissing early today due to high temperatures and no AC. I just spoke to a mom here at Cross Country Elementary/Middle who says she went here 20 years ago — and remembers early dismissal for the same reason.@FOXBaltimore pic.twitter.com/yO1pZ5JOK5 — Amy Simpson (@AmySimpsonTV) May 31, 2022 h/t … Read more

Fifty Basis Points Does Not Fix This

by Craig Hemke via Sprott Money News Your Masters of The Universe at the Federal Reserve would like you to believe that they have inflation under control and they can solve the problem through a few hikes of the fed funds rate. This is foolhardy and today let’s look at just one problem that they cannot fix. If … Read more

‘The number of firms in the Nasdaq Composite index is nearing levels last seen during the dot-com bust.’

'The number of firms in the Nasdaq Composite index is nearing levels last seen during the dot-com bust.' https://t.co/tTuPx1NdDI via @thedailyshot pic.twitter.com/LKRTdBKSZH — Jesse Felder (@jessefelder) June 1, 2022 The Zombification of Nasdaq https://t.co/tTuPx1NdDI via @thedailyshot pic.twitter.com/Ky8lNMuKkm — Jesse Felder (@jessefelder) June 1, 2022

US households haven’t been this gloomy on stocks in about a decade, according to the Conference Board.

US households haven’t been this gloomy on stocks in about a decade, according to the Conference Board. Today's edition of The Daily Shot Brief: https://t.co/wRY38zEl4A pic.twitter.com/KQBDZANKIS — Lev Borodovsky (@thedailyshot) June 1, 2022 🇺🇸 Economic Surprise The Citi Economic Surprise Index for the US continues its decline. Will the Fed be more dovish than expected?👉 … Read more

What The WEF Just Did At Davos Is Insane, And We Should All Get Ready – Billionaires And Their Political Puppets Are Conspiring To Move The World To Digital Currency Control Along With IMF – Corrupt MSM Marching In Lockstep| Redacted with Clayton Morris

  Clayton Morris at the Redacted You Tube channel covers the immoral and corrupt billionaires agenda being carried out in Davos Switzerland at the World Economic Forum as the parasitic elite conspire to remove humanities freedoms and lock us all under a digital currency, ID and AI control system. https://www.youtube.com/watch?v=qkujMSZoaoQ h/t  ClarityofSignal

FOLLOW UP to SEC taking ZERO action on more than 5000 complaints about naked shorting in the 16 months leading up to the 2008 Financial Crisis.

by This-Understanding85 In light of recent SEC events I find it necessary to update you Apes on more stuff I’ve been learning from Dr. Trimbath. FULL CREDIT: I have ordered most of the books off of Dr. Trimbath’s reading list and I am currently reading them. I am blown away by the depth of knowledge and … Read more

Johnny Depp Wins Defamation Lawsuit

by Chris Black If you are sick and tired of bad news, wars, stonks and crypto, here’s a bit of gossipy stuff: feminist icon Amber Turd was ordered to pay $15 million in damages to our beloved actor Johnny Depp, who’s already a millionaire, thank you very much. BREAKING: Attorneys for Johnny Depp: "Today's verdict … Read more

New BLM ceo has filed for bankruptcy 3 times…

The Black Lives Matters national group has a new executive to deal with its financial scandal: a woman who’s bungled her own finances. Cicley Gay, 44, a non-profit advisor and flack named chair of Black Lives Matter Global Network Foundation in April, filed for Chapter 7 bankruptcy in 2005, 2013 and 2016, federal court records … Read more

Under Biden, Mortgage Refi Applications Down -82.4%, Purchase Applications Down -7.5% And Mortgage Rates Up+80.7% (Fed FINALLY Begins Removing Stimulus!)

by confoundedinterest17 Heartaches By The Number … for American households and mortgage lenders as The Federal Reserve begins FINALLY removing monetary stimulus. Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 27, 2022. The Refinance Index decreased 5 percent … Read more