It appears that the bear market rally is nearing its end…

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https://twitter.com/WifeyAlpha/status/1557651423998910464 From the WSJ…. Feels like the bear market rally is coming to an end. 🙃 pic.twitter.com/DvZ5dK4Xmw — Ayesha Tariq, CFA (@AyeshaTariq) August 11, 2022 https://twitter.com/MFHoz/status/1557271184026247168 Microsoft, $MSFT, is cutting hundreds of contractors amid layoffs and a hiring freeze, per BI. — unusual_whales (@unusual_whales) August 11, 2022 Biggest monthly drop in intermediate PPI since Lehman … Read more

New York Close To Banning Criminal Background Checks From Housing Applications

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The city of New York is fighting to find solutions to the ongoing homelessness crisis. Almost 50,000 people are said to be occupying New York shelters right now. Besides inflation and abnormally high rental prices, another barrier to housing is criminal records factoring into applications. As the New York Times reports, a piece of legislation … Read more

Why Americans increasingly dubious about going to college

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This story about college enrollment decline was produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Even as freshmen nervously arrive on campus for the fall semester, policymakers are grappling with what they say has become an “alarming” decline in the number of high school graduates willing to invest the … Read more

Jurassic MBS Market! Agency MBS Prices Swoon With Implied Fed Hikes (Duration Risk Increases Too)

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by confoundedinterest17 Agency mortgage-backed securities (MBS) prices started to degrade as The Federal Reserve started to try to combat inflation caused by Biden’s energy policies and rampant Federal spending. That is, under June when the implied Fed O/N rate (red line) cooled and the 30-year mortgage rate (blue line) has come down a little. In terms … Read more

Biden’s FBI Just Arrested Trump Ally GOP Rep

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Democrat Joe Biden is escalating political leverage against his America First opponents in a wretched manner that has gone deeply personal, as his FBI this week raided the home of former President Donald J. Trump, broke into Trump’s safe, and the FBI have now hunted down a sitting representative of the American people, who was … Read more

Cost of living crisis worsens in the UK and Australia…

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by Boo_Randy Energy bosses summoned to Number 10 crisis meeting as Britain braces for looming winter BLACKOUTS – as Martin Lewis warns household bills will DOUBLE and families need extra £500 government handouts to cope The “cost of living crisis” is a consequence of central bank currency debasement and globalist stooge governments turning over national … Read more

Biden’s America: Millions of people are skipping meals to cope with inflation, study says

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A survey by debthammer.org reveals that 10% of people are skipping meals to cut back on spending. More than 40% of adults in Ohio have skipped a meal because of inflation. In Virginia, 2 million people have skipped meals, a 40-year high. In Kentucky, 53% of people have skipped a meal. https://fox11online.com/news/nation-world/millions-of-people-are-skipping-meals-to-cope-with-inflation-study-says The price of … Read more