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Stocks are rallying on recession news. LOL I guess they think no more rate hikes. Welcome to STAGFLATION. Fed forced to hike rates into a slow economy. What a complete cluster. — QE Infinity (@StealthQE4) July 28, 2022 The Fed Just Got Rid of Forward Guidance Because It’s Making It Up as It Goes Ultimately, … Read more
via CNBC: The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase, taking its benchmark rate to a range of 2.25%-2.5%. Chair Jerome Powell said there will be a point where the Fed starts to slow hikes to assess their impact. “We actually think we need a period of growth … Read more
“The American people deserve transparency” The American people deserve to know why hospitals were given thousands of extra dollars from the government every time they slapped a ventilator on someone. pic.twitter.com/6S65QvyGXN — Lady Pie**™ (@1ladypie) July 27, 2022 Tess
via breitbart: One America News (OAN) is at risk of being completely blacklisted by the corporate left after Verizon Fios, the largest pay-TV network still carrying OAN, effectively blaclisted the conservative channel following pressure from leftist advocacy groups. A channel carriage contract between Verizon and OAN was set to expire at the end of this month, … Read more
It’s official No more private cars allowed in new to be build Dutch housing centers, according to plan gov Earlier the WEF presented similar ideas .. pic.twitter.com/4dP58aCcLF — Willem Middelkoop (@wmiddelkoop) July 28, 2022 Wall Street Silver – Twitter, Released on 7/26/22 Read the article here: https://shtf.tv/world-economic-forum-calls-to-end-wasteful-private-car-ownership/ https://twitter.com/WallStreetSilv/status/1552088839438614528
https://twitter.com/MFHoz/status/1552546132705873921 Nothing has changed really since yesterday. The market expects the Fed to not only pause but pivot in 5-6 months from now.. pic.twitter.com/AFF5YefGNV — Andreas Steno Larsen (@AndreasSteno) July 28, 2022 Investors are parsing Powell's words to determine if he is getting close to a pivot.What I heard yesterday was a continued focus on … Read more
(Breitbart) Florida Gov. Ron DeSantis (R) on Wednesday weighed in on his administration’s efforts to fight back against the sexualization of children and spoke of the “disturbing trend” of society trying to sexualize young children following news of the state filing a complaint against a bar in Miami that offers drag shows to children. “There … Read more
https://twitter.com/ToastTruth1/status/1552598894630301697 Saudi Arabia plans 100-mile-long mirrored skyscraper megacity The Line – due to be just 200 metres wide – will make Neom world’s most liveable city ‘by far’, officials claim The promotional material is striking: two mirror-encased skyscrapers stretching more than 100 miles across a swathe of desert and mountain terrain, providing a future home … Read more
Morgan Stanley, $MS, Wealth Management’s chief investment officer has said that stock bulls are deluded by "wishful thinking." — unusual_whales (@unusual_whales) July 28, 2022 Apple earnings as well after the close. Expected to announce the first iPhone decline in almost two years: https://t.co/BzhKNzp4eX pic.twitter.com/s6PyzaP4OE — Mac10 (@SuburbanDrone) July 28, 2022 Proceeds from IPOs of technology … Read more
Wall Street Silver – Twitter, Released on 7/27/22 https://twitter.com/WallStreetSilv/status/1552428622476185601
Meta missed on the top and bottom lines and gave a troubling forecast for the third quarter. The shares have lost about half their value this year as marketers pull back on ad spending. The company said its guidance reflects “continuation of the weak advertising demand environment.” Facebook parent Meta reported a steeper-than-expected drop in revenue, missed … Read more
CNBC, Released on 7/27/22 Federal Reserve Chair Jerome Powell addresses questions from reporters after the FOMC decided to raise the federal funds rate by 75 basis points.
BREAKING: U.S. reports 1,048 new monkeypox cases, biggest one-day increase on record — BNO News (@BNOFeed) July 27, 2022 https://twitter.com/Breaking911/status/1552431933896159233
by Ryan McMaken of Mises Institute In September 2008, the worsening global financial crisis hit a new phase when Lehman Brothers collapsed and it became undeniable that “hard times” had arrived for most ordinary people. By then, the unemployment rate had been climbing for months, foreclosures had skyrocketed, and the yield curve had inverted through much of 2006 … Read more
New whistleblower information reveals that FBI officials are pressuring agents to reclassify cases as “domestic violent extremism” (DVE) despite lacking the criteria to meet such a classification. Whistleblower disclosures have also detailed the agency’s effort to exaggerate DVE data to satisfy the Bureau’s leadership. One whistleblower explained that because agents are not finding enough DVE cases, they … Read more
General Motors’ (GM) second-quarter net earnings plummeted 40% from 2021 amid the company’s push to produce more electric vehicles (EVs), according to a company earnings report released Tuesday. GM said it was unable to deliver 95,000 vehicles to dealers due to a shortfall of computer chips and other parts that reduced its profits and left … Read more
BREAKING: Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession. — The Kobeissi Letter (@KobeissiLetter) July 28, 2022 GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal. It’s not just a recession “signal,” it’s the actual definition of a recession, which everyone agreed on … Read more
US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, noted that single-family home listings have surged by 40% in the last four months even as unit sales … Read more
A former staffer for disgraced Gov. Andrew Cuomo was killed by a passing car after he was kicked out of a Lyft by an angry driver in the middle of a Delaware thoroughfare. Sidney Wolf, 43, was fatally struck on Coastal Highway (Route 1) at about 1:44 a.m. Sunday when the driver stopped in the … Read more
The Walt Disney Co. has once again caved to the far left by reversing its earlier decision to reject Democrat commercials on abortion and gun control that were intended to run on Hulu. Disney said Hulu will now accept advertisements “covering a wide spectrum of policy positions” in a statement sent to multiple news outlets on Wednesay. … Read more