Slowing? US Closed House Sales Down -9.50% YoY As Mortgage Rates Rise On Fed Tightening (New Listings Down -5.7% YoY)

by confoundedinterest17 US home prices were growing at a near 20% YoY rate for the latest Case-Shiller National home price index report. But mortgage rates have soaring like a SpaceX missile shot. The result? Closed sales for April 2022 are down -9.5% YoY. Of course, I am moving to one of the metro areas in the USA … Read more

Coverage from outside the World Economic Forum in Davos

I just bumped into the @nytimes Deputy Managing Editor, @RBlumenstein, in Davos. I asked her how is the public supposed to trust the NYT reporting here when she's an INVITED GUEST of the World Economic Forum. Her response says it all. Go to https://t.co/uvbDgOBC1l for more. pic.twitter.com/vcUyTedApC — Avi Yemini (@OzraeliAvi) May 22, 2022 Rebel … Read more

A hot, deadly summer is coming with frequent blackouts worldwide.

“The reasons come back to 3 things: climate change, the pandemic and war.” A hot, deadly summer is coming with frequent blackouts from the US to Asia. @danmurtaugh explains why the world is facing its worst power crisis in decades this summer https://t.co/L7Ri2QqsQM pic.twitter.com/kA46jUESfv — Bloomberg Originals (@bbgoriginals) May 23, 2022 https://twitter.com/i/events/1528636408113397761 At least a … Read more

No, you are not required by law to give a two weeks’ notice when quitting a job

https://www.youtube.com/watch?v=5AI2aPFlAFg A tweet with fifty thousand likes claims you don’t actually need to give two-weeks notice before quitting a job. We turned to labor departments in four different states to find out. QUESTION: Are you required by law to give two weeks’ notice when quitting a job? ANSWER: This is false. In every state except … Read more

Americans are losing interest in Black Lives Matter amid urban violence, financial scandals

Campus Reform conducted an analysis of Google Trends results, which show that shows web searches for Black Lives Matter (BLM) have decreased since the summer of 2020. Support for BLM has also decreased nearly 20% during that same time period, according to a Civiqs poll. Campus Reform reports on both the influence Black Lives Matter … Read more

Woke Mob Wants To Cancel The Word “Obesity” Because It’s “Racist”…

How about using fat f*cks instead? The woke police are coming for the term “obesity.” The University of Illinois Chicago’s school of public health published an article by a dietitian claiming the medical term is “racist” and should be replaced with the wordy term “people with larger bodies.” Author Amanda Montgomery, RN, argued that race … Read more

For those looking for signs of capitulation, the put/call ratio isn’t showing signs it’s happened yet. More liquidity continues to be drained…

Instead, we're currently at 0.8. If we were seeing capitulation then where are all the put buyers? — Andrew Thrasher, CMT (@AndrewThrasher) May 23, 2022 https://twitter.com/farrisbaba/status/1528803862081150977 Where is the Fed Put (per BofA Fund Manager Survey) pic.twitter.com/yfwYi0JpGo — zerohedge (@zerohedge) May 23, 2022 $spx bear market rallies in GFC pic.twitter.com/PWMJIo4Tdp — Álvaro Oviedo (@alvoviedo) May … Read more

Greg Hunter, Peter Schiff: “Transitory inflation” leads to dollar collapse … Bob Moriarty: “It’s Going To Be Brutal” as we repeat the crash of 1929 …

BY DAVID HAGGITH  Jeff Gundlach warns of real recession … Greg Hunter, Peter Schiff: “Transitory inflation” leads to dollar collapse … Danielle DiMartino Booth: Here is when the Fed’s ‘housing inflation’ will break … Bob Moriarty: “It’s Going To Be Brutal” as we repeat the crash of 1929 …   

Everything is fine, guys. We definitely don’t have $30T in debt, $9T on the Fed balance sheet, QT @ $85B/month, negative growth, red hot inflation, and historically low interest rates

by pa_p3rry https://twitter.com/WallStreetSilv/status/1528707314395631621 Its the Everything bubble of the century! This selloff is twice as fast as 2008. It took 9 months and -15% to reach the Lehman Moment. Currently the market is down -20% in 4.5 months. I say that for the morons who want to know when my predictions will come true. Soon … Read more

Upcoming Bearish Events

by cicada3322 We have some pretty bearish news on our timelines. Some events aren’t going to manifest immediately, but may materialize within the next 30 trading days. That’s just my opinion. 1.) Monkey-pox: wtf is even this? Ole Joe spoke about it which isn’t great news. Especially since he made it seem as the Federal government … Read more