Fox News labeled as misinformationā€¦

by

NewsGuard, the establishment ā€œnews-ratingā€ project that presents itself to the public as an impartial authority on the trustworthiness of news publishers, has labeled Fox News an untrustworthy news source, saying it ā€œfails to adhere to basic journalistic standards.ā€ Despite presenting itself as a fake news watchdog, NewsGuardā€™s own founders have fueled false claims about major … Read more

HMM: China Has a Crisis Brewing ā€“ Will It Be the Final Straw for Global Economy?

by

Last year, Chinaā€™s largest real estate company, Evergrande, with a debt of nearly $300 bn, defaulted on its bond repayments. Real estate is now sinking the whole country. The sector contributes more than 25% to the Chinese GDP. Over the years, China has created a structurally imbalanced economy with large exposure to real estate. As … Read more

TWO APā€™S IN ONE!

by

byĀ Ed Driscoll Shot: Chaser: AĀ recessionĀ is a falling-off of economic activity that may be a temporary phenomenon or could continue into aĀ depression. A common definition is two straight quarters of economic contraction. A more official determination is made by the National Bureau of Economic Research, which considers a range of indicators in declaring a recession. The … Read more

UK debate goes off air after massive crash in the TV studio. Presenter Kate McCann collapsed ‘medical incident’

by

NOW – UK debate goes off air after massive crash in the TV studio.https://t.co/rOIWVAjx5c — Disclose.tv (@disclosetv) July 26, 2022 UPDATE – The TV host Kate McCann fainted and collapsed. The network says "she is fine". The debate has been discontinued. — Disclose.tv (@disclosetv) July 26, 2022 h/t SpaceWarz

Future Plans For The Non-Elite: No Meat Or Dairy, Little Clothing, No Cars, Almost Zero Air Travel, Etc.

by

by AC The report is a black button to the right on the page. It’s a 68 page PDF. https://www.arup.com/perspectives/publications/research/section/the-future-of-urban-consumption-in-a-1-5c-world Below are screenshots from the PDF linked from above. Preferably no more than 3 new clothing items per year. Who needs clothes in this new Garden of Eden anyway šŸ¤·ā€ā™‚ļø? pic.twitter.com/4dRN4SzE8x — FrĆ©dĆ©ric Leroy (@fleroy1974) … Read more

Recession is official … inflation is out of control.

by

https://twitter.com/WallStreetSilv/status/1552337126871760898 What is going on in China? šŸ‡ØšŸ‡³šŸ˜± pic.twitter.com/oYWHvFhF1a — Andreas Steno Larsen (@AndreasSteno) July 27, 2022 POWELL: WE'RE SEEING REAL DECLINES IN FOOD CONSUMPTION — *Walter Bloomberg (@DeItaone) July 27, 2022 UK Natural gas price for December Peak of inflation is a mirage pic.twitter.com/8L7VTt7MVI — Alessio (@AlessioTMAD) July 27, 2022 McDonaldā€™s and Chipotle say … Read more

Federal Reserveā€™s plan is to raise rates and QT aggressively, crash the market, then step in and ease when inflation is down to prevent a 1929 type of depression. Donā€™t fight the FED.

by

https://twitter.com/MFHoz/status/1552276114554462208 FED'S POWELL: NO ONE CAN BE SURE ON WHETHER WE CAN ACHIEVE A SOFT LANDING — *Walter Bloomberg (@DeItaone) July 27, 2022 Chicago Fed National financial conditions index eased last week, the second week in a row. Not the Fed's desired direction pic.twitter.com/4azVnZ7tg5 — Michael J. Kramer (@MichaelMOTTCM) July 27, 2022 POWELL: LAST INFLATION … Read more

Top Federal Reserve officials say they misread inflation and now plan to correct the course

by

Full Article Treasury Secretary Janet Yellen also acknowledged the misdiagnosis coming from her own department, and that of current Fed Chair Jerome Powell. “Both of us could have probably used a better word than ‘transitory,’” she told senators in June when asked about their remarks about inflation last year and their slow response to price … Read more

Wall St ends sharply higher after Fed rate hike, Powell comments

by

šŸ‡ŗšŸ‡ø U.S. Closing Bell šŸ‡ŗšŸ‡ø Wall St ends sharply higher after Fed rate hike, Powell comments šŸ“ˆ Nasdaq Comp gained 465.28 points, or 4.02%, to 12,027.86 šŸ“ˆ S&P 500 gained 102.27 points, or 2.58%, to end at 4,023.32 šŸ“ˆ Dow rose 432.05 points, or 1.37%, to 32,196 pic.twitter.com/qH2BJrKEhY — PiQ (@PiQMarkets) July 27, 2022

Despite surprisingly strong Manufacturing numbers, it looks like Recession is back on the menu boys. Just don’t tell Yellen.

by

by laflammaster Is the property bubble FINALLY about to burst? House prices are on verge of plunging by up to 20%, economist says, thanks to soaring prices that have ‘cratered demand’, rising mortgage rates and a glut of supply Broke-ass ‘Muricans struggling to make ends meet in our oligarch-looted economy can’t afford to buy insanely … Read more

The Travel Chaos In Europe Is Continuing

by

by silvertomars All Lufthansa flights have been cancelled for 24 hoursā€¦ Lufthansa Airlines canceled virtually all its flights in and out of Frankfurt and Munich on Wednesday, leaving more than 130,000 travelers scrambling, after around 3,000 employees walked off the job to protest for better wages. https://t.co/VmOIZ1Nn7k — The New York Times (@nytimes) July 27, … Read more

The Genetic Panopticon: Weā€™re All Suspects in a DNA Lineup, Waiting to be Matched with a Crime

by

byĀ John W. Whitehead ā€œSolving unsolved crimes is a noble objective, but it occupies a lower place in the American pantheon of noble objectives than the protection of our people from suspicionless law-enforcement searchesā€¦ Make no mistake about itā€¦your DNA can be taken and entered into a national DNA database if you are ever arrested, rightly … Read more

Managing The Inflation Narrative Versus Actually Managing Inflation

by

by jessefelder Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. And while inflation running over 9% appears to indicate that the debate over whether inflation will prove ā€œtransitoryā€ has seemingly been won by the ā€œnotā€ crowd, markets are still pricing in aĀ rapid declineĀ in … Read more