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Spending on food stamps has increased by $53.5 billion – an 89% increase – in the two pandemic years. By comparison, that’s how much the entire program cost in 2009 during the Great Recession. Spending on the U.S. Supplemental Nutrition Assistance Program grew 88.5% from $60.3 billion in 2019 to $113.8 billion in 2021. Spending … Read more
“Today’s lithium-ion batteries are still too expensive for most such applications and contain a flammable electrolyte. So researchers started looking for cheap, Earth-abundant metals that might be able to substitute for lithium. After a search and some trial and error, they settled for aluminum and sulfur as its two electrode materials, with an electrolyte of … Read more
The absolutely massive aerial war exercise dubbed “Pitch Black” has commenced in Australia and it includes a large number of allied air forces (17 in total) all of which will be operating out of RAAF Bases in Darwin and Tinda. For the first time ever the Luftwaffe with her Eurofighters and Japan with the Mitsubishi … Read more
Google will start listing verified abortion providers through its Google Maps service. The company will verify that these facilities perform the procedure and label them accordingly. The move will distinguish abortion clinics from crisis pregnancy centers, which discourage abortion. https://www.businessinsider.com/google-maps-to-start-listing-verified-clinics-that-provide-abortions-2022-8
https://www.youtube.com/watch?v=t34nM2kXyh0
2) ➡️ Over the coming year, Moody’s Analytics chief economist @Markzandi now predicts U.S. house prices will shift somewhere between 0% to -5%. — FORTUNE (@FortuneMagazine) August 25, 2022 4) That baseline forecast assumes the U.S. won’t enter into a recession. 🔻If a recession hits, Moody’s Analytics now predicts U.S. house prices will fall between … Read more
https://twitter.com/Macro_Degen/status/1562900768604450817
So the FBI meddled in the 2020 election & used disinformation to impact the outcome. Wowwww. https://t.co/BxzUUWhJn7 — Liz Wheeler (@Liz_Wheeler) August 26, 2022 FBI coercing Facebook to censor political information is a violation of the first amendment. — Thomas Massie (@RepThomasMassie) August 26, 2022
pic.twitter.com/z3vtaAMYGB — Politics Aired (@PoliticsAired) August 26, 2022 https://twitter.com/WifeyAlpha/status/1563058931005784064 There is no pivot, the market has already priced in 75bps I don’t create my narrative.. I just watch charts pic.twitter.com/eEY6pDmt2B — Alessio (@AlessioTMAD) August 25, 2022 New low in MTD regional PMI new orders. This is the start of the next big issue for markets. … Read more
"It is true that the current high inflation is a global phenomenon." Fed Chair Powell says that the Fed's responsibility to achieve price stability is still the priority, despite high inflation https://t.co/8BvKSiXonH pic.twitter.com/0zBsnh1pO2 — Bloomberg Markets (@markets) August 26, 2022
Russia and India don’t need the US dollar in trade, having turned to national currencies to conduct mutual settlements, BRICS International Forum President Purnima Anand told reporters on Thursday. “We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to use the dollar in mutual … Read more
Regions affected are : Europe, UK, Japan, China, Australia, Mexico and Canada. Sony didn’t say why they skip the US besides record high inflation. https://blog.playstation.com/2022/08/25/ps5-price-to-increase-in-select-markets-due-to-global-economic-environment-including-high-inflation-rates/
Editor’s Note: I do NOT believe we are on the verge of Central Bank Digital Currencies hitting the mainstream this year. It COULD happen, but that would take a major upheaval. What I do believe is that they will be rolled out sometime in 2023-2025. This is the reason, in my humble opinion, that they … Read more
A rescission is when your neighbor loses his job, a depression is when you lose your job.
via barrons: Amazon com reduced its workforce by nearly 100,000 people in the June quarter, the company disclosed Thursday as part of its latest earnings report. That is a reduction of about 6%, by far the company’s largest cut in a single quarter. The move comes when many other technology companies have been trimming staff in … Read more
Alfonso Peccatiello on Palisades Gold Radio Tom welcomes back Alfonso Peccatiello author of the Macro Compass Substack to the show. Alfonso believes the Repo markets could be the most important part of the pyramid going forward. The system is continuing to add more layers and levels to the way markets work. Repo markets exist below bonds … Read more
By Felicity Bradstock Europe and the Middle East are currently leading the field when it comes to green hydrogen, but China and India are set to play an increasingly important role in the industry. China, already a large producer of grey hydrogen, believes that hydrogen will account for between 10 and 12 percent of its … Read more
According to Zillow, the median rent in Tampa a year ago was $2001. The median increase in the past year is $413 for a $2414 median rent as of this month. https://www.zillow.com/rental-manager/market-trends/tampa-fl/ That’s over a 20% increase. Do they want everybody homeless except the billionaires? They want record high crime rates too? Brandon has goto … Read more
