Stagflation: Q1 GDP much weaker than expected on inventory plunge as inflation comes in red hot… Jeremy Powell says that a US recession is likely. “This is what it takes to get inflation down.”

The trend is clear: the US economy is rapidly slowing down, in large part due to the “depressurization event” among small and medium regional banks, that has seen loan issuance grind to a halt. There was an almost palpable gasp …

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Here Comes the Beginning of Complete Control: Federal Reserve [Same PRIVATE Banking Cartel That Destroyed the Real Dollar] Announces Its First Big Step Towards a Digital Dollar

The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big …

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February Jobs Report Comes In Hot, Hot, Hot (Avg Hourly Earnings UP 4.6% YoY, Too Bad Inflation Is At 6.4% YoY)

by confoundedinterest17 According to the US Bureau of Labor Statistics (BLS)https://www.bls.gov/news.release/empsit.nr0.htm, the February jobs report came in hot, hot, hot. One indicator that the Biden Administration will herald is that average hourly earnings rose to 4.6% Year-over-year (YoY). Too bad headline …

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The S&P 500 has seemingly gone ‘all in’ on the soft landing playbook… ISM comes out, showing new orders collapsed in January…Wall Street insiders are selling more than they did in 2022!

“The S&P 500 has seemingly gone ‘all in’ on the soft landing playbook. Yet, this is incompatible with a chronically inverted Treasury curve, historically weak money growth, and sustained weakness in other leading indicators…We would hedge long equity exposure here:” …

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Al Gore comes unglued at the WEF conference.

Having a Howard Dean moment here… Al is coming unhinged and I’m here for it 😂😂😂 He is such a joke! https://t.co/tvYKVbYQQh — KailuaMama (@KailuaMama171) January 19, 2023 https://twitter.com/Jayinem1981/status/1615962513731903488?ref_src=twsrc%5Etfw h/t Waffles

The next wave lower in the stock market comes from…

https://twitter.com/leadlagreport/status/1610290890076979200 In November, existing home sales fell for a 10th straight month, the longest streak in National Association of Realtors data that goes back to 1999. — unusual_whales (@unusual_whales) January 3, 2023 US Housing Leading Growth Index Slumps To Lowest …

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Consumers are not quitting when it comes to spending, more fuel for the inflation fire. Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.

by Dismal-Jellyfish Source: census.gov Judging by the Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years, it was on credit cards. Walmart’s Doing Great. Its Customers, on the …

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