US Treasury Yield Curve Descends Further Into Darkness (-48.4 BPS) As Supply Of Homes Increases 30.7% In June (Fed Is Cooling Off Housing Market)

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by confoundedinterest17 The US Treasury 10Y-2Y yield curve is descending further into darkness (aka, inversion). The 10Y-2Y yield curve hit the worst inversion since 2000 as the curve slope hit -47.7 basis points, inverting another -2.267 basis points today. Yes, the 10Y-2Y Treasury yield curve is SCREAMING RECESSION. (Bloomberg) – Prashant Gopal – The supply of homes for … Read more

Record flooding kills multiple people in South Korea

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The amount of #rain that has fallen in the northern half of south #Korea lately is simply absurd and it is still comin down, albeit thankfully gradually migrating southward, 8 inches could fall within the next 48 hours, just south of the hotspot so far. #wx #flooding pic.twitter.com/QVnQXObSXB — Sausiuswx (@Sausius_wx) August 9, 2022 Earlier … Read more

Top 5 Ways to Prepare for Retirement

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Whether you are starting to save for retirement or are already well on your way, it’s crucial to ensure you are taking the right steps to prepare for a comfortable future. Here are five tips to help you get ready for retirement:  Invest in Yourself Whether taking night classes, reading industry-related books, or attending conferences, … Read more

Next leg lower will wipe out what’s left of the remaining hopefools

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$SPX Next leg lower will wipe out what's left of the remaining hopefools . pic.twitter.com/r1SJvzo6Qg — The Great Martis (@great_martis) August 8, 2022 What did YOU learn this weekend. Aside from the importance of keeping your friendships alive, I learned that… “We’re talking, on average, 15,000 repos a day nationwide." Do. the math…https://t.co/iAvCodAByZ — Danielle … Read more

Housing correction could end up becoming ‘one of the deepest of the past half a century,’ Royal Bank of Canada warns

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A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming “one of the deepest of the past half a century,” a new report from RBC warns. New data released by the Toronto Regional Real Estate Board (TRREB) last week revealed … Read more

The US is projected to run a $14,523,000,000,000 deficit until 2031… which will add 50% to current government debt… all to be monetized by the Fed

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by silvertomars   Fed survey shows Fed is correct… A New York Fed survey showed that respondents in July expected inflation to run at a 6.2% pace over the next year and a 3.2% rate for the next three years. That marks a big drop-off from the respective 6.8% and 3.6% results from the June … Read more

REPPING THE NOVEMBER BATTLESPACE: The MSM Suddenly Decides Elections Can Be Stolen… But Only by Republicans.

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The mainstream media gladly colluded with Democrats to insist that the 2020 election was the safest, fairest, and most secure election in the history of the world, the universe, and all dimensions in the multiverse. If you dare suggest that Biden stole the 2020 election, you are immediately declared a fringe conspiracy theorist and banned … Read more

CNN: Hunter Stuff Doesn’t Look Great for Joe

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CNN anchor Brian Stelter said Sunday on his show “Reliable Sources” that the ongoing federal investigation of President Joe Biden’s son Hunter is “not just a right-wing media story.” Stelter added Hunter’s legal jeopardy could endanger his father’s chances in his 2024 re-election run. Stelter said, “Maureen Dowd’s column in this morning’s New York Times … Read more

Italian Populist May Return To Stop Illegal Immigration

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Italian populist League leader Matteo Salvini has called for the country’s next Interior Minister to be a member of his party, citing the successes he had tackling illegal immigration when he had the job. The League (Lega) leader, who served as Italy’s Interior Minister in 2018 and 2019, visited the island of Lampedusa earlier this … Read more