Is a Recession Simply a Decline in GDP? What Does That Mean?

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by Frank Shostak via Mises According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles: A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP [gross domestic product], real income, employment, industrial production, and … Read more

Bullish Meme Investors Were Shocked By This News

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Image CC0 via ISO Republic From Peter Reagan at Birch Gold Group During my career, I’ve watched three speculative financial bubbles inflate, and two of them pop (the dot-com bubble, the 2007-08 housing bobble and today’s Everything Bubble). These bouts of “irrational exuberance,” to use Robert Shiller’s trenchant description, are remarkably similar. They follow well-established patterns. Yet somehow people delude … Read more

More Than Half Of All Bitcoin Trades Are Fake

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A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. Among the emerging and turbulent market for cryptocurrencies, of which there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion trillion in crypto … Read more

Hawkish Powell keeps 0.75% hike option open for september

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https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html Here the most important remarks Powell just made at Jackson Hole. Hope this helps. In his speech Powell mentioned that 75 basis points remains an option for the FOMC september meeting. This is higher than the anticipated 50 bps. Overall Fed will keep raising untill inflation is under control and referred to historic times where … Read more

Pakistani government threatens to block digital IDs to shut down access to bank accounts

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“Interior minister Rana Sanaullah issued the threat as a warning to former PM Imran Khan (whose been encouraging protests across the country), his cabinet, and protesters after one federal minister was publicly heckled in a restaurant. Khan has since been charged with “terrorism” after he accused Pakistani police and the judiciary of detaining and torturing … Read more

Mainstream Media & Democrats are sounding the alarm over $1.6B donation to group promoting conservative judges. Same media has ZERO problem with George Soros pouring more than a billion a year to promote liberal DAs. Democrats are calling for Biden’s DOJ and IRS to investigate – they will.

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“How dare they use our own tactics against us!” ~ Democrats and the lapdog media   On Monday, the New York Times broke the news that last year conservative mastermind Leonard Leo had obtained control over $1.6 billion through something called the “Marble Freedom Trust” to further his deeply conservative political and legal agenda. While much of the … Read more

Pakistan declares national emergency as flood toll nears 1,000 and more than 30 million without shelter

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Islamabad, Pakistan – The Pakistan government has declared devastating floods a “national emergency” after nearly 1,000 people died and more than 30 million are without shelter as monsoon rains continue to lash the South Asian nation. At least 937 people have died since mid-June, including 343 children, according to the National Disaster Management Authority (NDMA), … Read more