Estimated 1.5 million households across the UK will struggle to pay food and energy bills over the next year. This is not limited to the UK. This will be world wide

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by BoatSurfer600 Single mum Faith Angwet struggled to make ends meet during the pandemic but says the cost of living crisis has hit her even harder. “I was starting to feel like I was getting to a good place but now the price of everything has gone up it has pushed me right back,” she … Read more

Apple No Longer World’s Most Valuable Co.

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Oil giant Saudi Aramco is now the world’s most valuable company. It surpassed Apple on Wednesday. Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during … Read more

Working hard to lower our gas prices eh?

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*BIDEN ADMINISTRATION CANCELS ALASKA OIL AND GAS LEASE SALE: CBS — zerohedge (@zerohedge) May 12, 2022 The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision comes at a challenging political moment when gas prices are hitting painful new highs. https://t.co/9WzYVxEPYX — CBS … Read more

All social media company’s its now illegal to ban any user from the state of Texas over political views

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The court did not evaluate the law on its constitutionality but will allow it to go back into effect while a legal case plays out. Texas lawmakers passed the law, saying social media platforms have an anti-conservative bias. A federal appeals court on Wednesday reinstated a Republican-backed Texas law that prohibits large social media companies … Read more

Percentage of ARM mortgages now at early 2008 levels

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by Skadi793 There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html and in addition to this, more than 10% of loans are FHA/VA, which allow for credit scores as low as 580. So 20%+ of all outstanding loans can be characterized … Read more

[Reuters] Global stocks of petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand for diesel

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https://www.reuters.com/markets/commodities/us-diesel-shortages-lift-refining-margins-record-2022-05-10/ Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling fuels compared with prices they pay for buying crude … Read more

The Crypto time bomb just exploded: Tether is crashing. Luna just dropped to new ALL-TIME LOW! If you invested $10,000 in Luna last week, you now have $2

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View post on imgur.com How are the suicides coming along? View post on imgur.com Who would have thought that the canary in the coal mine for the next crisis would be the cryptos? Watch USDT like a hawk. Things are about to get very interesting, IMO.   If you invested $10,000 in Luna last week, … Read more

AS GAS PRICES SOAR, BIDEN ADMIN ANNOUNCES OIL AND GAS LEASE CANCELLATIONS IN ALASKA AND GULF OF MEXICO

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With gas prices soaring to all-time highs, it was announced tonight that the Biden Administration has issued fresh cancellations of oil and gas leases in Alaska and the Gulf of Mexico. A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, Frank Macchairola, called the cancellation of Alaska’s Cook … Read more