NBC: Tensions are “mounting” in the Biden White House amid the “growing cascade of crises.”
NBC: Tensions are “mounting” in the Biden White House amid the “growing cascade of crises.” Biden is a FAILURE. pic.twitter.com/WcL9lkS1Bj — RNC Research (@RNCResearch) May 24, 2022
‘Financially Crippled:’ Celebrity NFTs Leave Fans and Investors Broke NFTs (non-fungible tokens) VEGAS ODDS
In recent months, NFTs (non-fungible tokens) have become increasingly popular with many celebrities promoting their own NFTs. Now, many fans who invested in digital tokens promoted by their favorite stars are financially “crippled.” One investor believes that celebrities “took their payouts and moved on while everybody who scraped by to invest in their futures got … Read more
When the crowd gets trapped in the casino with no way out, we’ll probably realize I’m too bullish…. The run to cash has officially begun.
I just read on Bloomberg that after hours Snapchat caused a 30 point drop in the S&P futures. You can't make this shit up. Better keep an eye on Go Daddy. When the crowd gets trapped in the casino with no way out, we'll probably realize I'm too bullish. pic.twitter.com/0QSb29RmCi — Mac10 (@SuburbanDrone) May 24, … Read more
“I think a pause in September might make sense” – Atlanta Fed President Bostic on rate hikes
by FarrisAT https://www.reuters.com/markets/us/bostic-baseline-is-pause-rate-hikes-september-assess-impact-2022-05-23/ It “might make sense” for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday. Bostic’s comments are the most overt suggestion yet that … Read more
Snap slides as it warns EBITDA, revenues to fall below guidance.
by xxxlefmxxx 23-May-2022 06:08:02 PM – SNAP INC – SINCE CO ISSUED GUIDANCE ON APRIL 21, 2022, MACROECONOMIC ENVIRONMENT HAS DETERIORATED FURTHER AND FASTER THAN ANTICIPATED – FILING 23-May-2022 06:09:00 PM – SNAP INC – BELIEVE IT IS LIKELY THAT WE WILL REPORT REVENUE AND ADJUSTED EBITDA BELOW LOW END OF OUR Q2 2022 GUIDANCE RANGE … Read more
Everyone keeps talking about 70s and Stagflation, but we are really the roaring 20s
by stylishskunk Yes inflation is higher than it has been in 40 years. The Fed’s actions will determine if we will continue inflation, start deflation, or cause stagflation. There are a lot of similarities to the 70s and the Fed in a lot of ways is stuck between a rock and a hard place. So … Read more
How The Fed Killed Mortgage Current Coupon Rate – MBS Index, Back To 1985 Levels (As It Tries To Fight Inflation, A Fight It Can’t Win)
by confoundedinterest17 As The Federal Reserve tries to fight inflation (it can’t thanks to Federal energy policies and bottlenecks), it is causing a disconnect between mortgage current coupon rate and the MBS index coupon. The disconnect is so bad that it is back to 1985 levels. The Fed can certainly try to cool inflation, but Biden … Read more
It Was the “Strong” Economy That Was Transitory
by Peter Schiff of Peter Schiff Podcast · Dow and S&P see biggest drop since the pandemic. · #Walmart was the jab. #Target was the knockout punch. · Swiss Franc and Japanese #Yen show strength. FULL SHOW NOTES AND LINKS HERE
Who Wants to Follow California?
As goes California, so goes the nation. This used to be said as a compliment. Now it’s a cautionary tale, and the country would be wise to heed it. Political commentator Michael Anton explains.
Biden has lost the independent vote…
CBS Poll | Biden Approval 34% with Independents Only 34 percent of independents in the United States approve of how Joe Biden handles his job as president, a recent CBS News/You Gov poll revealed. The poll found that 66 percent of the 653 independent respondents disapproved of Biden’s job as president. The poll, taken from … Read more
Biden Turns to Venezuelan Dictator Maduro for Oil
The US is easing sanctions on Venezuela in order to secure access to Venezuelan oil both for Europe and the US. This is in the wake of the energy crisis caused by restricting the world’s access to Russian energy. All the geopolitical maneuvering highlights why it is time for the US Empire to come to … Read more
Disturbing video from Seattle…
More details: https://t.co/aTQc7oZsCf — Jason Rantz on Seattle Red (@jasonrantz) May 22, 2022 h/t CFP
UK: Government Dumps 1500 Rapefugees on Tiny Village of 700
by Chris Black Okay, this is epic: A really enriching experience, to say the least. Breitbart: Distraught villagers staged protests this week against the Boris Johnson government’s plan to dump some 1,500 migrants in a camp in their community of only around 600 adults. The Priti Patel-led Home Office, which failed to consult or seek … Read more
What Could Go Wrong That Hasn’t Already Gone Wrong?
by Chris Black Lower middle class people were thrown a year or more worth of salary in stimulus the last two years. They didn’t work for it. They found out what it is like to be a ghetto mama on welfare and they loved it. All of a sudden you could buy things you always … Read more
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