HOUSING MARKET CRASH BEGINS

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In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.28% now, according to Mortgage News Daily. Home sales have been dropping for several straight … Read more

Huge fire breaks out at Russia’s largest gas field as pipe bursts, threatening supplies to Europe

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Fire broke out at 2.30am after pipe in Russia’s giant Urengoyskoye gas field burst Plume of flame filmed shooting into the sky before blaze was put out around 4am The Urengoyskoye gas field supplies Europe via the Yamal-Europe pipeline  Blaze will spark fears of supply interruptions and price hikes amid energy crisis  Russia’s largest gas … Read more

Curt Schilling Tells Hillary Clinton to ‘STFU and Thank the Lord You are Not in Jail’

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(Breitbart) Baseball great Curt Schilling sounded off on Twitter and told failed presidential candidate Hillary Clinton to “STFU” over her remarks on the January 6 hearings. “The latest January 6 hearings show that Trump knew he lost the election. His own people told him he’d lost the election. He then chose to wage a criminal … Read more

Bank of England raises interest rates to 1.25% and now warns inflation will hit 11% in an even gloomier economic warning…

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by Boo_Randy The sheeple of the US, UK, EU, NZ, and Australia are going to pay a terrible price for electing globalist stooges who gave the Keynesian fraudsters at the central banks full rein to debase the currency and run up national debts to criminal proportions while rigging the game to further enrich the already … Read more

Supermassive Black Hole Discovered – consumes the equivalent of one Earth every second and has the mass of 3bn suns

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Astronomers believe they have discovered the fastest-growing black hole of the past 9bn years. The supermassive black hole consumes the equivalent of one Earth every second and has the mass of 3bn suns, they estimate. Scientists discovered an extremely bright quasar, a luminous object powered by a supermassive black hole, using the SkyMapper Southern Sky … Read more

Australian politicians score huge pay rise to take salaries to $217,060 (damn it feels good to be a gangsta!)

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by Boo_Randy Our captured, worthless political class, in addition to pocketing 30 pieces of silver from their globalist puppetmasters, will always ensure THEIR pay keeps up with real inflation – not the bullshit official numbers they feed YOU. https://www.news.com.au/national/politics/federal-mps-pocket-275-pay-rise-taking-salaries-to-217060-while-albanese-gets-564364-a-year/news-story/1d1431928d1d5a446b2721b2f84df2ae As wages stagnate for the rest of us, Aussie politicians have pocketed a major pay rise, … Read more

Union negotiations stalled – National rail shut down within 90 days possible

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Negotiations between major railroads and their unions have stalled, setting up for what could be a significant railroad shut down before the midterm elections that could paralyze an already-strained US supply chain. Railway Age reports the National Mediation Board (NMB) on June 14 began what could be a “ticking time bomb” toward a national railroad shut down within … Read more

The reverse repo award rate going up nearly 100% at the same time inflation at 40 years high

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by ISayBullish The Reverse Repo Program (RRP) is, in layman’s terms, a program where market participants lend cash to the Federal Reserve, in exchange for an interest rate of usually 0.8% and typically overnight in exchange for Treasuries or other government securities, with a promise to buy them back. That rate today changed from 0.8% … Read more

Inflation is a global phenomenon

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Inflation is a global phenomenon. pic.twitter.com/8zCSzNj430 — The Intellectualist (@highbrow_nobrow) June 16, 2022 Soaring inflation is a truly global phenomenon, with the U.S. near the middle of the pack, according to an analysis of 111 countries. https://t.co/3Ji2Pgcolh — Axios (@axios) June 13, 2022 Global Inflation Rates… pic.twitter.com/x7xbuXe3Dl — Charlie Bilello (@charliebilello) June 10, 2022   … Read more

‘The economy is going to collapse,’ says Wall Street veteran Novogratz.

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‘We are going to go into a really fast recession.’ “Housing is starting to roll over,” he said. “Inventories have exploded.” “There are layoffs in multiple industries, and the Fed is stuck,” he said, with a position of having to “hike [interest rates] until inflation rolls over.” Before the Fed announced its decision, Novogratz speculated … Read more

It’s almost like this administration doesn’t employ a single economist…

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https://twitter.com/Jedi_ant/status/1537408179297976320 Who wants to tell him? https://t.co/MDWxPWo3RI — Doomberg (@DoombergT) June 16, 2022 Producer prices spike 10.8% in past year as inflation soars in America CNN reporter says Biden ‘worse than Jimmy Carter’ on inflation, Americans ‘holding him responsible’ Gas station sales jumped by 4.0% for the month, on spiking gasoline prices, to $66 billion, … Read more

The European Debt Crisis 2023-2024

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by Martin Armstrong The European Central Bank has announced that it plans to create a new tool to tackle the risk of eurozone fragmentation, which is the new term for divergence among member states. They are adopting this tactic out of fears of a new European debt crisis that is inevitable. From the very beginning … Read more