Since last September, 75% of Meta’s market value has been wiped out, bringing it down to 2015 levels. This represents a loss of $104 billion for Mark Zuckerberg’s personal net worth

Zuckerberg has really sunk the ship with his Metaverse obsession, not to even mention countless scandals about privacy, botting, manipulation, and the site becoming unusable in general with promoted posts replacing posts by friends. A stunning fiasco – Facebook may …

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Since Google is a private company should it be allowed to remove search results for GOP candidates and politicians while promoting search results for their Democrat opponents? Google is suppressing a dozen GOP candidates should this be considered a campaign contribution by the FEC?

via foxnews: Google is manipulating search engine results to harm Republicans in critical Senate races, according to the Media Research Center. The MRC is calling on Google to “stop its war on democracy” and “provide algorithmic transparency” after the media watchdog’s Free …

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US Mortgage Rates Climb To 7.20% (Highest Since 2000) As Core Inflation And Diesel Prices Soar With The Fed Counterttacking (Mortgage Rates Likely To Rise To 9-9.25% By May 2023)

by confoundedinterest17 US 30-year mortgage rates rose to 7.20% yesterday, the highest rate since 2000. Why? Core inflation is rising and its the highest since 1992. Diesel prices, the all-important fuel for the transportation industry, is rising again after a brief …

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The Fed’s Limbo Rock! How Low Can Consumer Sentiment For Housing Go? (Lowest Reading Since 1992 As Fed Counterattacks Bidenflation)

by confoundedinterest17 The Fed’s Limbo Rock! How low can consumer sentiment for housing go? The University of Michigan’s consumer sentiment index for housing for October just fell to its lowest level since 1992 as The Fed counterattacks against Bidenflation, causing mortgage interest …

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The Fed’s BIG Green Bag! MSCI Global Technology Index Has Worst Month since October 2008 As Fed Withdraws Stimulus (NASDAQ, PayPal, ARKK All Tumbling)

by confoundedinterest17 I feel like I am living in the horror movie “Saw”. The Federal Reserve is tightening their BIG green bag of money to fight inflation … caused by Biden’s energy policies and massive Federal government spending. (Bloomberg) Stocks fell, pressured by rising …

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The Perils Of Fed Tightening 2: US Mortgage Rates Climb To Highest Since 2000, Mortgage Demand Falls To Lowest In Recorded History (Great Job DC!!)

by confoundedinterest17 Happy Columbus Day! As I discussed yesterday in my post entitled “The Perils Of Fed Tightening In One Chart (Or Sweet Home DC!) Treasury Yield Curve Remains In Reversion And Stock Market Declining As Fed Reduces Money Supply Growth,” The Federal …

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US federal budget deficits since the US went off the gold standard… without gold keeping them honest, politicians in Washington DC have created huge budget deficits… we are now going into a recession/depression with debt/GDP 130%… with increasing interest rates and a Fed $8.8 trillion balance sheet…

by silvertomars   Inflation is transitory, will hit 2% in 2022 Recession is very unlikely Interest rates won’t rise until 2024 Inflation is actually good for you They literally supported buying bonds/ETFs Now, we are paying for these failures.  

The Great Bond Bubble Is ‘Poof, Gone’ In Worst Year Since 1949, MBS Bursting Too (At Least The REAL Freddie Mac Mortgage Rate Is Negative, -2.975%)

by confoundedinterest17 Pension funds hold large positions in US Treasuries and Agency Mortgage-backed Securities (MBS). As does America’s central bank, The Federal Reserve. All are suffering losses as The Fed fights inflation. (Bloomberg) — Week by week, the bond-market crash just keeps …

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