This is similar to 2008.. bulls were still optimistic about the economy because staples were doing well. Huge red flag but dumb money doesn’t see it

Just remember that cyclicals stocks get slaughtered by higher rates and defensive stocks still perform well.. for example: Pepsi is still forecasting higher revenue.. bulls will keep saying the economy is doing okay, we’ve not reached fear like fintwit says …

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What Was The White House Press Secretary Talking About? REAL Disposable Income Growth Is NEGATIVE And Diesel Prices Are Skyrocketing (Gasoline Prices Rising Too) Will The Fed Pivot Soon?

by confoundedinterest17 I feel sorry (sort of) for people like White House Press Secretary Karine Jean-Pierre who has to read ridiculous scripts in defense of awful Federal policies. For example, yesterday she touted Biden’s “accomplishments” of rising real disposable US income …

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‘Quiet Quitting’ Isn’t Just About Jobs; It’s About a Crumbling Economy

by Charles Hugh-Smith The unraveling of hyper-Globalization and hyper-Financialization will generate consequences few conventional analysts and pundits anticipate. TikTok videos on ‘Quiet Quitting’–doing the minimum at work, giving nothing extra to the employer– have gone viral, and The Wall Street Journal quickly picked up the thread: If …

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Europe Now Talking About Mobile Phone Network Blackouts

by Chris Black Let’s talk about deindustrialization. “Deindustrialization” means “deindustrialization.” https://twitter.com/backtolife_2023/status/1575828977759162368 At least we’re sticking it to Putin, right? Right? We should consider: these people think that they’re doing a “Great Reset” against the population, but actually, they are just …

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