UK food prices soar by fastest rate on record as cost of living crisis bites

This isn’t a “cost of living crisis” – it’s a “cost of oligarchy crisis.” https://www.theguardian.com/business/2022/nov/02/uk-food-prices-soar-by-fastest-rate-on-record-as-cost-of-living-crisis-bites Annual rise of 11.6% comes as milk, teabags and sugar become more expensive UK food price inflation soared to a record annual rate of 11.6% …

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Global central banks bought a record amount of gold in Q3. They keep saying gold is not important while they themselves are buying gold as if there is no tomorrow

by silvertomars “Record central bank buying lifts global gold demand, WGC says” https://www.investing.com/news/economy/record-central-bank-buying-lifts-global-gold-demand-wgc-says-2927413 🇺🇸 BlackRock || on the Fed 🔹 We see the Fed ultimately living with higher inflation as it sees the effect of its rate hikes on growth …

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Near-record low water levels on US river are affecting key commercial activities, such as shipping and farming.

by  Boo_Randy The mighty Mississippi is a vital transportation corridor for moving agricultural products like corn and soy down-river. If the barges stop moving, that is going to have a big impact on food distribution. https://www.aljazeera.com/news/2022/10/28/drought-stricken-mississippi-river-creates-woes-across-us-region Near-record low water levels …

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Deceleration Nation! US Home Price Growth Slows Most On Record In August As Fed Hits Brakes, But Still Growing At 12.99% YoY (US Treasury 10-yr Yield DOWN -17 BPS Today)

by confoundedinterest17 Alarm! US home prices are decelerating as inflation rages and The Fed tightens. Home price growth in the US slowed the most on record as a doubling of borrowing costs (thanks to the US Federal Reserve) has sapped demand. A …

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CS credit risk has spiked to record highs this morning, topping 280bps at one point – basically disallowing the company from any investment banking business… $46 BILLION in securities with agreements to resell. RIP

by Boo_Randy 2/ CDS are a bit hard to understand, so instead I'll focus on the bonds. The 2025 Credit Suisse bonds pictured below trade at 6.4%. Compare this, for example to Ukraine 2025 debt trading at 67%. Talking about …

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Official: Germany Has Entered Hyperinflation

JUST IN – Germany's producer price inflation surges by a staggering 7.9% to 45.8% in August — the highest increase since the survey began in 1949. — Disclose.tv (@disclosetv) September 20, 2022 Another month, another bizarre record in German (producer) …

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Funny how Twitter employees are quitting in record numbers because they “lost faith in leadership” yet the last 2 years were totally cool with being the ones censoring the f*** out of anyone that wasn’t woke, ultralib, or a Democrat.

Guess they didn’t think that was a problem. Or maybe in their small pathetic mutant minds they think that if they quit it will somehow absolve them of the unethical practices they can be held liable to in court 🤔. …

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