Food and Beverage Industry Takes Hit as Consumers Save Money. Seventy-two percent of U.S. consumers intentionally took steps to save money because of inflation in May, according to a Morning Consult survey, which showed that the food and beverage industry is being impacted significantly by consumers’ cost-savings techniques. Over half (53%) of U.S. adults said … Read more
Berlin triggered the second of its three-step plan to deal with gas shortages after the Kremlin-controlled energy giant Gazprom, the country’s biggest gas exporter, throttled delivery via the Nordstream pipeline by around 60% last week. Germany’s gas reserves are at 58% capacity, and the government now expects a gas shortage by December if supplies don’t … Read more
by confoundedinterest17 Slippin’ Into Darkness! Despite what Biden and his muppets say, there is a good chance that the US will slip into recession over the next 24 months. And with that, we are seeing a slight drop in US mortgage rates. Inflation is surging, and The Fed seems intent on “inflation fighting” but may have … Read more
They are finally waking up. -Germany Warns of Lehman-Like Contagion From Russian Gas Cuts-Gas emergency level elevated to second-highest ‘alarm’ stage-Minister warns that high prices could trigger market collapsehttps://t.co/JUhWwoozxG — The Long View (@HayekAndKeynes) June 23, 2022
by Michael Will the Supreme Court officially overturn Roe v. Wade by the end of this week? Back in May, a draft opinion that indicated that the Supreme Court was going to overturn Roe v. Wade got leaked to the public, and there have been endless protests since that time. Pro-abortion activists have been trying … Read more
Image provided by Alejandro Betancourt Opportunities Leopoldo Alejandro Betancourt Lopez is a successful investor who has an inherent ability to assess what a company is trying to do and the people who are trying to do it. He discusses what it really takes to turn a kernel of an idea into a multi-billion enterprise. Betancourt has been involved … Read more
by Chris Black You never hear about this on the news. Maybe except on Tucker Carlson. Since October 1, the beginning of fiscal 2022, Biden has freed 612,213, and those don’t count releases since he took office. Mayorkas confirmed 836,000 since January 2021. So adding the latest brings the total to more than 1 million … Read more
by Chris Black Expanding red flag laws = denying you your 2nd Amendment rights and due process because of your political beliefs. BREAKING: Senate lawmakers say a tentative deal has been made on a bipartisan gun reform bill that would toughen federal gun laws and provide billions of dollars for school safety and mental health … Read more
by Chris Black The anti-White terrorist who ran down 60 people at the Waukesha Christmas parade is going to enter an insanity plea and prosecutors are just fine with that. They’re getting pretty goddamn obvious. https://twitter.com/favela_fella_/status/1539345678865932290 If you can’t convict a man filmed running over 20 people in the middle of Times Square New York … Read more
By Graham Summers, MBA The U.S. is in recession. A recession is not coming, it’s already here. I know it. You know it. Just look around you. Yes, restaurants and airports are packed… but demand for both dining out and travel are pent up after two years of lockdowns. These parts of the economy don’t represent … Read more
by Shaun Richards Yesterday we looked at the Bank of England and an apparently desperate attempt to stop house prices turning south. But also there was the issue of their failures on inflation which its Chief Economist seems to think can be corrected with some more measly 0.25% interest-rate rises. This morning’s inflation numbers release … Read more
Economists have warned that the United States is headed towards a deep recession within the next year, but White House press secretary Karine Jean-Pierre claimed during a Thursday press conference that might not be the case. Responding to a reporter’s questions from inside the James S. Brady Press Briefing Room, Biden’s press secretary said that the United States is … Read more
by Mac Slavo of SHTFplan Food is going to become a luxury if things do not turn around quickly. Farmers are struggling to make ends meet while producing food as diesel prices continue to climb. This is an issue that is also being faced by the trucking industry from coast to coast as the average diesel price now … Read more
by Martin Armstrong Consumer spending, a main indication of the nation’s economic health, has remained strong despite rising inflation. Personal spending increased 0.9% in April, while March’s figure was revised to 1.4%. Obviously, people have been spending more on less due to sky-high prices. May’s figure will be released later in the week, but American … Read more
by: Mike Adams (Natural News) The string of fires that appear to be sabotage operations targeting food processing facilities is surprisingly lengthy. Our research team has meticulously documented the reports and sources for nearly 100 such fires that have been reported across the USA from early 2020 to the present day. This list is presented … Read more
"Starting at 9 a.m., over 1,000 Southwest Airlines pilots lined up along Mockingbird Lane in front of Dallas Love Field protesting better treatment after what has been a chaotic past two years since the pandemic."https://t.co/RrxBjbtXWR — Fifty Shades of Whey (@davenewworld_2) June 21, 2022
The investment bank’s strategists, led by chief investment officer Michael J. Wilson, said in a Tuesday research note that the S&P 500 has yet to price in a full-blown economic recession. Wilson and his team stuck to their 3,400 end-of-year price target for the index, which represents a 10% drop from current levels, but also … Read more
Um, Yeah. The sh!t just got real. Videos like this make me cringe about eating out. Notice how he handled the raw meat and used the exact same gloves to touch everything else. When I make hamburgers on the grill, I even get a new plate to put the cooked burgers on. pic.twitter.com/uYlB7KYJwR — Jeremy … Read more
#Update:San Francisco: Mortgage payments on a typical home are now $8,117 per month. Up 52.8% in one year. San Jose: Mortgage payments on a typical home are now $9,136 per month. Up 57.1% in one year. Source: @zillow — scott budman (@scottbudman) June 21, 2022 https://www.nbcbayarea.com/news/local/making-it-in-the-bay/bay-area-housing-mortgage-on-typical-home-now-9100-in-san-jose-8100-in-sf/2924877/