General Motors CEO virtue signaling how “clean” the new Chevy Volt is. Then a reporter asks where the charging electricity comes from. Oh my…. Wait for it.
General Motors CEO virtue signaling how “clean” the new Chevy Volt is. Then a reporter asks where the charging electricity comes from. Oh my…. Wait for it. Awkward. pic.twitter.com/wcMNhHVSK9 — Benny Johnson (@bennyjohnson) June 8, 2022
Record UK Gasoline Prices See Biggest Daily Surge In 17 Years
by Boo_Randy The Keynesian fraudsters at the BoE can’t print petrol. https://oilprice.com/Latest-Energy-News/World-News/Record-UK-Gasoline-Prices-See-Biggest-Daily-Surge-In-17-Years.html UK gasoline prices continue to set records, with the daily price jump between Monday and Tuesday at its highest in 17 years, RAC, the UK’s longest-serving motoring organization, says. “The average price of petrol endured its biggest daily jump in 17 years by … Read more
Eurozone’s probability going into recession got extra momentum as refinancing cost continues to soar.
https://twitter.com/MacroTechnicals/status/1534881245510893571 Italy 10y yield 3.7% pic.twitter.com/VDinnGN2Gi — Alessio (@AlessioTMAD) June 9, 2022 https://twitter.com/MacroTechnicals/status/1534886052418166784 https://twitter.com/TommyThornton/status/1534875380691226626 Italian 10-year yields rise to the highest vs German rates in more than two years: pic.twitter.com/UtX60mHK4G — Lisa Abramowicz (@lisaabramowicz1) June 9, 2022 Amazing Article written about the world right now…. NOT! This is about germany in 1922.. History doesnt repeat, … Read more
The establishment is proving how terrified they are of falling house prices
by Shaun Richards The events of 2022 so far are beginning to place us in a situation we have worried about for some time. This is because for the first time in ages we are seeing central banks raise interest-rates and hence mortgage-rates. Actually it is more complicated than that because people have in general … Read more
Massive Gas control station explodes
Energy crisis in fuels such as Diesel, Gasoline, and Natural gas are hitting crisis levels as the fuel shortage gets worse by the day. Gas prices keep rising, oil prices rising, and pain at the pump keeps getting worse. h/t Storm2come
European Central Bank will cease asset purchases in July, plans a 25 basis point hike next month.
JUST IN – European Central Bank will cease asset purchases in July, plans a 25 basis point hike next month. — Disclose.tv (@disclosetv) June 9, 2022 https://www.marketwatch.com/story/european-central-bank-says-it-will-end-qe-and-begin-raising-interest-rates-in-july-2022-06-09 View post on imgur.com
“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’
“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’ (via @abhabhattarai) https://t.co/clmUkg2SXN — Carl Quintanilla (@carlquintanilla) June 9, 2022 “I think we’re going to need a bigger boat.” … Read more
IEA: Europe Could See Energy Rationing This Winter
By Tsvetana Paraskova IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called for conserving energy and boosting energy efficiency. Europe could be forced to start rationing energy this winter, starting with industrial uses of … Read more
If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with five conditions in confluence, this recession will be unlike any other.
by Charles Hugh Smith on Of Two Minds: Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession. Severe, long-lasting recessions occur when multiple conditions arise at the same time. 1. The business cycle. The business cycle reflects human nature interacting with finance: … Read more
Twitter Reverses Position, Will Allow Elon Musk Access to Background Data
by Sundance I think most people agree, the request from Elon Musk to see the background data from Twitter, used to evaluate bots and fake accounts, was entirely reasonable. Twitter’s prior position that they would not permit Musk’s team to see the data stream was in ordinary violation of the terms of purchase. It would seem … Read more
Biden Silently Raised Ethanol Requirements in Gasoline
by Chris Black Biden just mandated that gasoline sold in the US gets bumped from 10% ethanol to 15% ethanol. First issue. – Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn). With farming costs and outputs already under pressure this could be problematic. Second issue – … Read more
COW FARTS WILL COST FARMERS
New Zealand on Wednesday released a draft plan to put a price on agricultural emissions in a bid to tackle one of the country’s biggest sources of greenhouse gases, belching sheep and cattle. The proposal would make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock, the … Read more
Pull this off and you won’t have to live at home again.
Millennials who think us geezers are too cautious and risk averse. You get ALL of it at the same time. With no monetary safety net. Pull this off and you won't have to live at home again. pic.twitter.com/A7cvzly0Y8 — Mac10 (@SuburbanDrone) June 8, 2022
GFC 2.0 at higher base and higher rate of interest
Falling consumer sentiment. Crushing inflation. Declining real wages. Savings are being drawn down rapidly. Credit card usage is soaring. Mortgage cash-out refinancing is not economical. Fiscal stimulus is unlikely.https://t.co/8DeKrIaCZ1 — Michael Lebowitz, CFA (@michaellebowitz) June 8, 2022 https://t.co/B4SAzERpYc — Win Smart, CFA (@WinfieldSmart) June 8, 2022 https://twitter.com/VSoien/status/1534465334660501507 https://twitter.com/RJRCapital/status/1534680478783098881 This just keeps getting worse: Applications for … Read more
Yen’s getting extremely close to this century’s low… don’t be surprised if those “others” re-adjust sharply lower in the coming days.
Yen's getting extremely close to this century's low… gawd. pic.twitter.com/uurVX4RRDz — David Ingles (@DavidInglesTV) June 8, 2022 Japan is pumping out free money like there is no tomorrow. In 1998 financial "geniuses" found out the hard way that in a RISK OFF market, it can be hard to pay it back when collateral is collapsing … Read more
Trudeau’s Justice Minister David Lametti has just announced that people don’t have an “absolute right to own private property” in Canada.
Source: https://thecountersignal.com/justice-minister-says-no-absolute-right-to-private-property/ h/t SilverBoatSurfer
Delhi: 5-Year Old Girl Tied, Left On Terrace In Scorching Sun ‘For Not Doing Homework’
‘Breaking all possible records of cruelty, parents in Delhi went way too far to punish their 5-year-old girl. In a case of heinous corporal punishment, a 5-year-old girl was allegedly tied with a rope and left to suffer in the scorching heat in Delhi for not doing her homework.’ https://www.indiatimes.com/trending/social-relevance/5-year-old-girl-tied-on-terrace-in-heat-for-not-doing-homework-571717.html Warning…distressing video After a video … Read more
Oregon Decriminalized Hard Drugs and You’ll Never Believe the Results
by Chris Black No way, I’m totally shocked. Who could have predicted this? Oregon overdoses reach record highs after decriminalization of hard drugshttps://t.co/28hwcWJRxz — The Post Millennial (@TPostMillennial) June 3, 2022
