Food (Bloggers & Personal)
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The US debt and Federal spending is out of control. As is entitlement spending. In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest payments were approximately $400 billion. Then the numbers spiraled out of control. Yet Biden/Congress keep shoveling money to Ukraine and leave our borders unsecured. Washington’s fiscal situation has drastically changed since then; total debt has surpassed $34 trillion, the annual budget shortfall exceeds $1 trillion, and interest costs have topped $1 trillion. David Walker, the former comptroller general of the...
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Today’s economic news highlights “Government Power.” Unproductive government jobs saw wages rise 8.5% YoY while productive private sector jobs saw wages rise by only 5.5% YoY. This is Bidenomics!!! With inflation data surprising to the upside recently… Source: Bloomberg …the doves’ last chance for sooner than later rate-cuts is today’s Core PCE Deflator – often described as The Fed’s favorite inflation signal. Last month saw an uptick in the headline deflator and following yesterday’s core PCE rise for Q1, all eyes are on the March data released this morning. However, both the headline and core PCE Deflator data printed hotter...
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The Green Slime! The global movement towards Green Energy (or global Marxist movement) is really The Green Slime! Or maybe it should be renamed “The Red Slime.” Ford lost $132,000 on every electric vehicles they sold in Q1. It was so bad that even CNN reported it! And then we have Hertz dumping its inventory of EVs. A slew of used Teslas have hit the Hertz car sales website after the company announced Thursday it planned to sell off 10,000 more electric vehicles from its fleet than originally planned, bringing the fire sale’s total to 30,000. Perhaps one of the...
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The Federal Reserve is playing the song “Don’t rock the boat” ahead of the Presidential election. Despite the horrible economic news. 1) 4 months of hotter inflation (like today’s stagflationary GDP report) 2) Nearly 1.5 million full-time jobs decline with 1.9 part-time jobs created over a year 3) $2 trillion annual deficits Leading traders to price in 1 rate cut in December 2024. AFTER THE PRESIDENTIAL ELECTION! Under Biden, home prices are up 32.5% and conforming 30Y mortgage rates are UP 160%. One of my colleagues at George Mason University in finance (an economics PhD) constantly quoted Lenin’s famous “You...
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COVID was a gift to Biden. The furious Federal spending of Q2 2020 through Q1 2021 helped keep GDP growth above recession levels. Ignore Biden’s demented rants/lies about cutting the debt in half. Biden has claimed he cut the $34+ trillion national debt by $7 billion, $1.4 trillion, $1.7 billion, $1.7 trillion, and “in half,” depending on the day he rants. He did no such thing. He is confused and is talking about the BUDGET DEFICIT (don’t look to Snopes to fact check “Trucker Joe”, they really only fact check Trump). Not surprisingly, the Federal deficit spiked with the Covid...
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Manufacturer’s Durable Goods New Orders growth peaked in April 2021, thanks in part to M2 Money Growth peaking in February 2021. And its been all downhill since then. Preliminary March data showed a slightly better than expected 2.6% MoM rise (2.5% exp) in the headline orders print. However, thanks to the downward revisions, Durable goods orders are now down 2.2% YoY… the biggest YoY drop since the COVID lockdowns… Source: Bloomberg This is the 8th downward revision of durable goods orders in the last year… Source: Bloomberg Under the hood, defense and non-defense capital goods orders rose with non-defense aircraft...
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VIDEOI love fried food. In fact, you might have seen some of the many air fried cooking videos I have made. However, this "food" is something I'll definitely be skipping. In fact, if you are about to have a meal, I advise you SKIP even watching this frying video.
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Biden and Congress have never met a project that they weren’t willing to fund (except a border wall with Mexico, of course). Inflation is heating up again as the Federal government continues to spend. 4-5% by November… US CPI on trend for 4-5% at US election in November. Source: BofA Above 5%…? Strong CPI raises market probability of YE25 rates above 5%. Source: Goldman Cyclical inflation remains too elevated “Our measure of cyclical inflation–which should capture the impact of excess demand on prices–appears to be stuck at around 5%, which is too elevated” Source: Safra US alone The US is...
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Joe Biden, his Administration, and The Federal Reserve are really “The Alligator People.” Despite what they tell you, they have small brains (particularly Biden) and are hyperfocused on spending. A good example comes from “Wall Street On Parade” where they show that The Federal Reserve is still paying BILLIONS to US Treasury in the form of remittances (losses). While at the same time, paying the mega banks on Wall Street high interest loans. As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses. We’re not talking about unrealized losses on the...
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Hi Ho Silver (and Gold)! Gold futures prices are soaring and are at $2,422.00. Gold futures prices are up 19.61% over the past year. Silver futures prices are also soaring and are at $29.64. Silver futures prices are up 16.40% over the past year. Bitcoin is almost at $70,000 and is up 133.44% over the past year. Returning to gold, we are seeing another gold breakout, like the breakout in 2008. Even central banks are loading up on gold, silver, and cryptos. Why? Primarily fear of US reckless budgets and exploding debts/deficits (don’t listen to Biden talk about how “he”...
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One reason that America’s youth is disgusted with Bidenomics is skyrocketing prices, particulalry housing. (simply unaffordable). Thanks to awful economic policies, home prices are up 32.5% under Biden and 30-year mortgage rates are up a whopping 160%! Good luck buying a home with a part-time job. The bad news is that the 10-year Treasury yield rose to 4.53%, the highest since November 2023. This means that mortgage rates will rise even further. Yes, rising rates AND home prices are daunting to part-time job holders. Of course, Biden and Powell want to addicted to gov. Doctors, doctos (Yellen and Brainard), we’ve...
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Well, the US mortgage market is getting hammered by inflation and The Federal Reserve. Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.2 percent compared with the previous week. The seasonally adjusted Purchase Index decreased 5 percent from one week earlier. The unadjusted Purchase Index decreased 4 percent compared...
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Funky cold Joe Biden is his reaction to inflation caused by his outragous spending. His legion of sycophants are now saying inflation is a good thing or don’t notice it. But Biden will never stop spending . Coming into today’s CPI number, which followed three previous red-hot inflation prints, we said that it’s time for a “miss” (the first of 2024) not because the data demands it – on the contrary, prices continue to rise at a frightening pace – but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for...
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We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation. Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away. Indeed, since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. While Yellen stuck...
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Joe Biden (aka, BeelzeBiden) is really a piece of … work. His policies are helping drive prices through the roof, he seeks to protect deepstate employees against removal by Trump, had a disastrous withdrawal from Afghanistan and is getting the US engaged in possible hot wars in Ukraine (against Russia), open borders allowing US crime to spike, seems to be suppoporting Hamas over our long-time ally Israel, the list goes on. Biden’s big push for electric cars is a Socialist fantasty and simply unrealistick, drives up energy costs and is EXPENSIVE. It is like Biden is the demon Beelzebub from...
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It may not be to everyone's taste, but kombucha tea may be able to deliver the benefits of fasting, without the hardest part – the fasting itself. Researchers found that when the yeasts and bacteria from the fermented, sweetened tea colonized the gut, they altered fat metabolism, without any other dietary changes, resulting in lower fat stores. At the center of these findings is the flora found in kombucha tea's SCOBY (Symbiotic Cultures of Bacteria and Yeasts), the gelatinous starter, rich in microbes, found floating near the surface of the fermented liquid. The probiotic microbes, including species of Acetobacter, Lactobacillus...
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All aboard the crazy train! Today’s jobs report was terrible despite the sheer number of jobs added. Why? They were all part-time jobs. And on that “all part-time jobs” report, the US 10-year Treasury yield rose to 4.38%. Which means that mortgage rate will follow upwards. All based on part-time job growth. Bizarro World! Unfortunately, the Federal government and Federal Reserve think they are Superman. But only in Bizarro World.
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To quote the song “Sloop John B”, “Let me go home, I wanna go home. This is the worst trip I’ve ever been on.” The lyrics should change to “This is the worst ADMINISTRATION I’ve ever experienced. Now for the bad news. For those wondering if the jobs were all part-time, the answer is a resounding yes: in March, full-time jobs dropped by 6,000 as Part-time jobs soared by 691,000. On a year-over-year (YoY) basis, full-time jobs were down -1.0% while part-time jobs were up 7.1% Native-born versus foreign born? On a YoY basis, native-born employment was down -0.5% while...
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Bidenomics was born under a bad sign. Or born under large corporate donor payoffs. In the real world labor market, 2024 has been a deluge of layoffs of the US economy… 1. Everybuddy: 100% of workforce 2. Wisense: 100% of workforce 3. CodeSee: 100% of workforce 4. Twig: 100% of workforce 5. Twitch: 35% of workforce 6. Roomba: 31% of workforce 7. Bumble: 30% of workforce 8. Farfetch: 25% of workforce 9. Away: 25% of workforce 10. Hasbro: 20% of workforce 11. LA Times: 20% of workforce 12. Wint Wealth: 20% of workforce 13. Finder: 17% of workforce 14. Spotify:...
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Bidenomics is really about insane money printing after Covid and the installation of Biden as President. Biden and The Federal Reserve are both pushin’ too hard. Biden to fundamentally change the US and The Fed trying to cope with the inflation reaction. With Covid and then Biden’s selection as President, Federal outlays exploded (blue line) and remain elevated under Biden. To help finance the (outrageous) spending The Federal Reserve massively increased the M2 Money supply (green line). Now, The Fed has withdrawn some of the excessive monetary stimulus, but there is a staggering amount monetary stimulus still swimming around the...
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