by confoundedinterest17 President Biden touts his economic plan as being a great success. But the data says otherwise. Real Disposable Personal Income, for examplge, was down -6.4% year-over-year (YoY) in 2022. That is the WORST reading since The Great Depression. And …
by confoundedinterest17 The Federal Reserve’s Open Market Committee (FOMC) is meeting on Wednesday. What will they do? First, The Fed Funds Target (upper bound) is above the Core US inflation rate YoY. Second, M2 Money growth YoY has slowed to -1.3%. …
h/t orso-nero
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 …
by Boo_Randy As the UK sheeple get ready to swap out one set of globalist stooges for another, soaring energy costs are going to cut into their ability to cover the mortgages and rents on their insanely overpriced housing. Something’s …
Could the end of Starbucks’ iconic coffee cups be near? In 2018, Starbucks announced it was developing a recyclable, compostable cup. I guess that plan didn’t work out so well because on Tuesday, Starbucks announced it plans to phase out …
https://twitter.com/disclosetv/status/1421045182729015296
via @OccupyWisdom: Depends on the measuring stick. Real money (#gold) = sideways for 44 years Nominal dollars = all time high MACRO MINDSET
As each progressively larger bubble (post 1995) inflates the imaginary net worth of households, real savings plummet. These metrics diverge the most right before the bubble bursting & resulting #recession ensues https://twitter.com/OccupyWisdom/status/1007699655948492801 do not look at this pic.twitter.com/pPo008WDOt — Alastair …
by John Ward Across the Western world – but especially in the UK – soi-disant leaders of the democracies treat the electorate as if it was something they can piss on regularly….and then throw away until the next bout of excitable incontinence …
The ratio of net worth to income made a new all-time record high last quarter: Natixis economist Joe Lavorgna Elevated asset valuations relative to disposable income are less a sign of “wealth” than a sign of impending market losses. …
