Reminder: the only thing the Fed can do to try and slow inflation down is to bring this blue line down. Last week the blue line moved significantly up and I can’t imagine the Fed being happy about that.

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Reminder: the only thing the Fed can do to try and slow inflation down is to bring this blue line down. Last week the blue line moved significantly up and I can’t imagine the Fed being happy about that. Can you? pic.twitter.com/nlToQKjUsu — Alf (@MacroAlf) May 29, 2022 Oil price breaches $120 a barrel on … Read more

Travel Hell: More Canceled Flights Pile Up on Memorial Day Weekend – 5,260 Canceled Flights as of Sunday Evening

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More canceled flights piled up on Sunday on a busy Memorial Day weekend. More than 1,500 flights were canceled Saturday morning in addition to the 2,300 flight cancellations on Friday. Delta Airlines blamed bad weather and “air traffic control actions” for Friday’s cancellations. 1,460 flights were canceled as of 7 PM ET Sunday, according to FlightAware. https://www.thegatewaypundit.com/2022/05/travel-canceled-flights-pile-memorial-day-weekend-5260-canceled-flights-sunday-evening/

Households Worldwide Wrecked By Soaring Gas, Electric, Fuel, and Food Bills

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Pakistan faces the "mother of economic challenges" as record-high global fuel prices begin to lift power bills, Dawn says in an editorial 🇵🇰🚨 Pakistan is slated to pay more than $5 billion (!!) on LNG this fiscal year, roughly double the previous yearhttps://t.co/tY03CULItO — Stephen Stapczynski (@SStapczynski) May 30, 2022 Pasta, bread and crisps among … Read more

Government Spending Is the Real Tax; Deficits Are a Sideshow

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by Frank Shostak via Mises Many economists believe that during an economic slump government should run large budget deficits in order to keep the economy going with increases in government outlays, with the consequent budget deficit giving individuals more disposable money. This, in turn, will result in an increase in consumer spending that will lift the economy’s gross … Read more

Memorial Day Update! US Dollar Declining, Gasoline UP 92.4% Under Biden, Food UP 60%, Rents UP 14.75x (Traveling Will Cost A Lot More! But So Does Renting)

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by confoundedinterest17 Memorial Day weekend is one where families often travel to meet relatives and friends, or travel to Washington DC to remember those who have died in the service of our country. But traveling has gotten a lot more expensive under Biden. Gasoline prices are up 92.4% under Biden, while food prices are up 60%. … Read more

Michael Pento: Sell The Bear-Market Bounce

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via Pento Portfolio Strategies Bear market bounces are violent yet short-lived. The latest excuse for an oversold rally was provided by JP Morgan’s Jamie Dimon. The bank’s CEO stated at Morgan’s Investor Day Conference on Monday, May 23rd, that the US economy remains strong despite gathering storm clouds. He said, “I’m calling it storm clouds because … Read more

Australia – Green in Control

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by Martin Armstrong The world has been taken over by the “Greens” who want to destroy all fossil fuel production fearing that if the tide turns, they will lose this opportunity. We are seeing the same push from Germany, the United States, Australia, Canada, and New Zealand. The AGENDA IS TO ACTUALLY DESTROY THE CAPACITY … Read more