Slowdown! US 30Y Mortgage Rate Declines To 5.28% Despite Fed Rate Hikes (Global Recession Alert!)

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by confoundedinterest17 After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for the decline in the US Treasury 10-year is, amongst other things, a global economic slowdown (partly due to the US and Europe “going green” and cutting the supply … Read more

Chinese invasion of Taiwan may come sooner than expected

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TAIPEI, Taiwan — The timeline for a potential Chinese attempt to take Taiwan by force seems to be getting shorter. Driving the news: Chinese President Xi Jinping warned President Biden not to “play with fire” over Taiwan on Thursday, according to the Chinese readout of a call between the two leaders. That contentious exchange comes with Beijing threatening … Read more

China Accuses Biden of Lying About Bringing Up Forced Labor and Genocide on Call With President Xi

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China’s Ministry of Foreign Affairs denied the White House’s claim that President Biden addressed “genocide” and “forced labor” on a call with Chinese President Xi Jinping. White House press secretary Karine Jean-Pierre on Thursday told the media that the president raised ethical concerns over forced labor and ethnic genocide in China. The Chinese MFA denied … Read more

The economic crisis in Pakistan deepens…

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Many of the particular root causes of Pakistan’s situation are different than in Sri Lanka — they didn’t ban synthetic fertilizer or engage in sweeping tax cuts. The political situations of the two countries, though both dysfunctional, are also different (here is a primer on Pakistan’s troubles). But there are enough similarities at the macroeconomic level that … Read more

Baby formula crisis WORSENS as out-of-stock levels hit 30%: Parents accuse Biden of forgetting about them and mom struggling to feed twins says ‘I’m sure these politicians’ babies eat’

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The US reported a 30% out-of-stock rate for formula nationwide, based on data from the week ended July 24 Arizona and Wyoming reported the highest out-of-stock rates in the country, at 44% and 42% respectively Biden tried to alleviate the crisis by making it it easier for foreign manufacturers to get shipments into the US Regardless, … Read more

Investors are snapping up homes at a furious rate — in some regions they bought up to 20% of houses for sale

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Not content to blow the biggest housing bubble in history, the Fed has gifted its Wall Street vulture fund accomplices with unlimited amounts of Yellen Bux “stimulus” so they can outbid legit homebuyers while running up housing prices for everyone, and driving rents into the stratosphere. Gen-Z, most of you don’t have a hope in … Read more

Big families may be spending more than a QUARTER of disposable income on energy as the average bill soars to £742 a month from start of next year, figures show

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by Boo_Randy As the UK sheeple get ready to swap out one set of globalist stooges for another, soaring energy costs are going to cut into their ability to cover the mortgages and rents on their insanely overpriced housing. Something’s got to give here, but the sheeple need to feel more pain before they open … Read more

How two 1-in-1000 year rain events hit the US in two days

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First, a record-breaking deluge engulfed St. Louis on Tuesday (Wednesday NZT) killing one person. Then, the next night, eastern Kentucky bore the brunt of a second onslaught of high water that swamped entire communities. At least 16 people have died, and the toll is expected to rise. The back-to-back deluges unloaded double-digit rainfall totals and … Read more

Food banks face inflation struggles with surging demand: ‘Never seen anything like this’

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by Boo_Randy Do these food banks not understand that we have the “strongest economy ever” and we are not in a recession? https://www.foxbusiness.com/economy/food-banks-face-inflation-struggles-surging-demand-never-seen-anything-like-this Community FoodBank of NJ spending 40% more on yearly supplies, stretching donations with 20% more clientele

House PASSES assault weapons ban 217-213: Two Republicans join all but five Democrats to move bill to the Senate – where it faces a very tough road to getting passed

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by Boo_Randy To enslave the population, you must first disarm potential resisters. The globalist stooges of the Republicrat duopoly will do their masters’ bidding when it comes to grabbing the guns. https://www.dailymail.co.uk/news/article-11063029/House-PASSES-assault-weapons-ban-two-Republicans-voting-five-Dems-voting-against.html The House passed an assault weapons ban Friday evening looking to give Democrats a last-minute win on their way out the door for August recess. … Read more

Fed’s Kashkari “surprised by markets’ interpretation” and says officials are “a long way” from backing off inflation fight.

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https://www.nytimes.com/2022/07/29/business/economy/neel-kashkari-federal-reserve.html “I’m surprised by markets’ interpretation,” Mr. Kashkari said in an interview. “The committee is united in our determination to get inflation back down to 2 percent, and I think we’re going to continue to do what we need to do until we are convinced that inflation is well on its way back down to … Read more