Bullard Urges Front-Loading Rate Hikes to Boost Fed Credibility (As Flexible Price Inflation Hits 20.13%)

by confoundedinterest17 Federal Reserve Bank of St. Louis President James Bullard said he favors a strategy of “front-loading” big interest-rate hikes, and repeated he wants to end the year at 3.75% to 4% to counter the hottest inflation in four decades. “We still have some ways to go here to get to restrictive monetary policy,” Bullard said in … Read more

See how the crazy liberal ESG policies are driving inflation through the roof!

Inflation has emerged as the top issue for most Americans ahead of the midterm elections. Rising labor costs, energy prices, and interest rates are increasingly adding to inflationary woes. And much to the Biden administration’s chagrin, the $1.9 trillion American Rescue Plan is the largest driver of inflation. Additionally, Democrats refuse to admit their push for Environmental, Social, and … Read more

Senate Passes Bill, Aid to Burn Pit Vets

The Senate on Tuesday passed by a vote of 86-11 a bill providing aid to military veterans exposed to toxic burn pits during their service, after the two parties agreed to a series of amendment votes. The Senate attempted to advance the legislation, called the Promise to Address Comprehensive Toxics (PACT) Act, last week. But Republicans, … Read more

Why We Lost Trust in the Expert Class

or years, European policymakers had assured the world that the relatively rapid “transition” to “green” energy was the world’s preordained future — regardless of the costs. Accordingly, many European Union governments followed the advice of green experts. They eagerly shut down coal, natural gas, and nuclear power plants to transition immediately to “renewable energy.” Most … Read more

CDC confirms you can catch Monkey Pox from hotel towels, bedsheets, trying on clothing

Multiple people on social media (here, here, and here) claim monkeypox can potentially spread by touching clothing, bedding and towels that have previously come in contact with a person who has the virus. “Think twice before trying clothes on in a store, and maybe bring your own linens/towels for any hotel or Airbnb stay,” one post said. https://www.newscentermaine.com/article/news/verify/monkeypox-verify/monkeypox-transmission-spread-through-contiminated-clothes-bed-linens-fact-check/536-3a4ea57d-bbd4-4d3b-9d35-9b264a440264

Taiwan Wants Hypersonic Missiles

On Sunday, just a day before the 95th-anniversary celebrations to mark the founding of the People’s Liberation Army (PLA), China conducted a test launch of its Dong Feng-17 (DF-17) medium-range hypersonic missile. Video footage of the live-fire launch, which took place at the Pingtan Islands, some 120 km (74 miles) from the Taiwanese coast, has been shared across social media. The display … Read more

China’s Financial Shortfall to Reach 6 Trillion Yuan

The Chinese real estate market collapsed in July with all indices falling. An expert predicts that the real estate plunge, together with the economic slowdown, will lead to a financial shortage of 6 trillion yuan (about $889.6 billion) for local governments for the year, as the local governments’ revenues from land sales may be halved … Read more

Italy approves NATO for Finland, Sweden…

ROME (Reuters) -Italy’s parliament on Wednesday gave its final approval to a bill ratifying the accession of Finland and Sweden to the NATO alliance. The Senate voted by 202 to 13 in favour of the bill, a day after the lower house approved it by a large majority. The accession needs to be ratified by … Read more

South Korea’s President Won’t Meet with Pelosi

Nancy Pelosi has arrived in South Korea, continuing her Asia tour – now leaving in her wake a tense Taiwan situation that’s seeing Chinese PLA forces encircle the island with live fire drills – but South Korea’s President Yoon Suk-yeol will not meet with her. While he had a pre-scheduled “holiday” which was announced in advance, there’s been widespread … Read more

Gov. Ron DeSantis calls for doctors to be sued for providing children suffering from gender dysphoria double mastectomies and castrations

#BREAKING: Gov. Ron DeSantis calls for doctors to be sued for providing children suffering from gender dysphoria double mastectomies and castrations "They wanna castrate these young boys – that's wrong … I think these doctors need to get sued for what's happening." pic.twitter.com/aKwsHIlzXF — Florida’s Voice (@FLVoiceNews) August 3, 2022

WH Admits “Inflation Reduction Act” Will Barely Reduce Inflation

Economic experts and Biden Administration officials have come to a census regarding the Inflation Reduction Act, agreeing that the $739 billion democratic spending plan will do next to nothing to combat inflated prices over the next decade. The massive spending package, which raises taxes for everyone except those making between $10,000 and $30,000 per year and … Read more

Asset Prices Will Fall For Years? Commodities (Gold & Energy) Are The Anti-Bubble?

Kevin Duffy with Jason Burack of Wall St For Main St Kevin runs the hedge fund Bearing Asset Management and is famous for his calls shorting the 1999 technology bubble and the 2008 housing crisis. Barron’s featured him in an article about his correct market calls and he is a fan of the Austrian School of Economics for decades. … Read more