When the #Fed uses the Fed Funds Rate to tighten, they put the strain on Main Street. When they use the balance sheet, they put the strain on Wall Street. Guess which one they have been using?

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So true David! The real tightening hasn't even begun: https://t.co/Pz753Ei7YJ — Caleb Franzen (@CalebFranzen) July 29, 2022 Fed Fund Rate: Jan 22 = 0.25%Mar +25bps = 0.5%May +50bps = 1.0%Jun +75bps = 1.75%Jul +75bps = 2.5% Expect 3.50% by end-22 — Tanveer Anwar (@faujian35) July 28, 2022  

New Zealand Parliament to vote to change country’s name

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New Zealand may be getting an official name change in our lifetime. The New Zealand Parliament might change the country’s name to Aotearoa, which is Māori for “long white cloud,” and restore cities and towns to their original Māori names. Shedding the island’s colonial names could sustainably boost its tourism industry. When historically marginalized communities … Read more

China announces military exercise opposite Taiwan

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BEIJING — China said it was conducting military exercises Saturday off its coast opposite Taiwan after warning Speaker Nancy Pelosi of the U.S. House of Representatives to scrap possible plans to visit the island democracy, which Beijing claims as part of its territory. The ruling Communist Party’s military wing, the People’s Liberation Army, was conducting “live-fire … Read more

This was the fastest and biggest bear market rally since January 2022. Maximum overbought. The market is ready for a big rug pull.

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https://twitter.com/MFHoz/status/1553365879211048960 https://twitter.com/WallStreetSilv/status/1553342141413306368 https://twitter.com/WallStreetSilv/status/1553183657061392384 "Analytically indefensible" and "inexplicable" is how former Treasury Secretary @LHSummers describes #Fed Chair Powell's unscripted remark on the neutral rateI suspect most economists were very puzzled by Powell's remark, including me (this from Wednesdayhttps://t.co/SE6kcgfmMg pic.twitter.com/5GMqYyr9Je — Mohamed A. El-Erian (@elerianm) July 29, 2022 Restating our views… this is why we have been … Read more

Mainland China HY worst in Asia, the public opinion must be distracted in some ways. This week China abandoned their 2022 growth goal.

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Mainland China HY worst in Asia, the public opinion must be distracted in some ways pic.twitter.com/Q06CqfyfJB — Alessio (@AlessioTMAD) July 29, 2022 This week China abandoned their 2022 growth goal. Now they are going to "Try their best". Sounds like a kindergarten activity.https://t.co/JjHrtpsDOi pic.twitter.com/v8E3BYXawF — Mac10 (@SuburbanDrone) July 29, 2022

While already waging a war on Russia, the US empire is also really trying to start a war with China…

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While already waging a war on Russia, the US empire is also really trying to start a war with China: The US military is considering sending *fighter jets* to accompany a top US official as she meets with secessionists in China's province of Taiwan, who are armed with US weapons. https://t.co/WV1azGMEdR — Ben Norton (@BenjaminNorton) … Read more

She is now en route to Asia. Tail is SPAR19. PELOSI’S plane has left the US mainland after a short stop at the Travis Base, & just arrived at a cruise alt of 32,000 ft.

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https://twitter.com/VSoien/status/1553336379958067200 Something to Watch .. https://t.co/Ij6qb62HZY — Willem Middelkoop (@wmiddelkoop) July 30, 2022 https://twitter.com/ZaidZamanHamid/status/1553325822634860544 ⚡️The plane with Nancy Pelosi took off from Andrews Air Force Base. The speaker plans to visit the island of Taiwan. To protect her, the US Navy put forward a strike group led by the aircraft carrier "Ronald Reagan". pic.twitter.com/U1vejB1dlv — … Read more

Consumer Sentiment Remains Very Depressed (University of Michigan Sentiment Index Rises Slightly To A Depressed 51.5 While Buying Conditions For Housing Rose Slightly To A Depressed 47.0)

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by confoundedinterest17 “A recession is two quarters in a row of negative growth.” — President Clinton, Dec. 19, 2000 My former colleague at Deutsche Bank, Joe Carson, said recently that the US economy is not in a recession, but corporate profits are in a recession. While I cling to the traditional definition of recession (two consecutive quarters … Read more

Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply

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by Frank Shostak via Mises By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also held that overall output increases by a multiple of the increase in expenditure by government, consumers and businesses. It is not surprising, then, that most commentators believe that through fiscal and … Read more

El-Erian: Will the Fed pivot or not?

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Bloomberg, Released on 7/29/22 Mohamed El-Erian, a Bloomberg Opinion contributor, says the “zip code” for the Federal Reserve to achieve its so-called neutral rate will be higher than this week’s 75-basis-point interest-rate increase achieved. “My own instinct is that the zip code for neutral is above where we are now — at least half a … Read more

Report: Mexico City Residents Allegedly Complain About Increasing Number of Americans Living There

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by Chris Black Now that Mexico and USA are equalized in almost every way, Mexico is cheaper, safer (!) and has nicer beaches, so Anglo whites are moving down there. Mexico City residents angered by influx of Americans speaking English, gentrifying area: report https://t.co/FAWAyrVL0u pic.twitter.com/lYCMIi9J86 — New York Post (@nypost) July 28, 2022