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Business/Economy (Bloggers & Personal)

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  • BUZZKILL! Paul Krugman Claimed 'Wave of Inflation' Seems to 'Have Broken’ Day Before Hot BLS Report

    04/12/2024 9:06:41 AM PDT · by JV3MRC · 18 replies
    NewsBusters ^ | 4/12/2024 | Joseph Vazquez
    The New York Times economics parody writer Pauk Krugman — because that’s all he’s been reduced to now — can’t seem to avoid sleepwalking his way into huge, unforced errors. In another Apr. 9 column praising President Joe Biden’s alleged “Goldilocks” economy, Krugman was adamant that “while there was a wave of inflation, it seems to have broken.” Yes, Krugman wrote this just a day before the Bureau of Labor Statistics released its Apr. 10 report showing that consumer prices spiked hotter than expected at 3.5 percent year-over-year and 0.4 percent month-over-month. CNBC analyzed that core consumer prices (excluding food...
  • Hi Ho Silver (And Gold)! Gold Futures Surge To Above $2,400, Up 19.61% Since Last Year (Bitcoin UP 133.44% Since Last Year) FEAR!

    04/12/2024 7:53:57 AM PDT · by Kaiser8408a · 20 replies
    Confounded Interest ^ | 04/12/2024 | Anthony B. Sanders
    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”...
  • A Sudden Gas Price Hike?

    04/11/2024 6:33:05 PM PDT · by jimjohn · 60 replies
    Self | jimjohn
    Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing? I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?
  • Simply Unaffordable! One Reason Biden Is Losing The Youth Vote: Unaffordable Housing (Mortgage Rates UP 160% Under Biden, Home Prices UP 32.5%)

    04/11/2024 1:06:59 PM PDT · by Kaiser8408a · 11 replies
    Confounded Interest ^ | 04/11/2024 | Anthony B. Sanders
    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...
  • Boeing Whistleblower Reportedly Claims 787 Planes Could Break Apart Mid-Air Due to Construction Flaws

    04/11/2024 8:55:16 AM PDT · by davikkm · 38 replies
    The Federal Aviation Administration is investigating the manufacturer after Sam Salehpour, a Boeing engineer of more than 10 years, spoke out. www.nytimes.com/2024/04/09/us/politics/boeing-787-dreamliner-whistle-blower.html Salehpour said that “the problems stemmed from changes in how the enormous sections were fitted and fastened together in the assembly line.” He added that the components of the fuselage all come from different manufacturers and are not all the same shape. www.msn.com/en-us/money/companies/boeing-whistleblower-reportedly-claims-787-planes-could-break-apart-mid-air-due-to-construction-flaws/ar-BB1lpmsD
  • News Summary-Intelligence Report Wednesday 4/10/2024 Scott Ritter Sees Value In Iran Holding Fire, Trudeau Defends Record On Foreign Meddling In Canadian Politics, Inflation Hot In The US, Taiwan Navy Commander Visits DC Area

    04/10/2024 6:54:50 PM PDT · by Nextrush · 12 replies
    Nextrush Free ^ | 4/10/2024 | Nextrush/Self
    The messaging from media in Israel and Mainstream Media in the US tonight points to some sort of conflict between Israel and Iran...a critic of Israel's government leftist Journalist Seymour Hersh speaking...Netanyahu is 'willing to risk war with Iran' to remain in office...Scott Ritter saying Iran should withhold fire... One killed, one wounded in a knife attack in Bordeaux, France tonight... Three people shot and five arrested following a shooting incident in Philadelphia... Canadian Prime Minister Justin Trudeau appearing before an inquiry into foreign interference in Canadian politics... China's President Xi Jinping and former Taiwan President Ma Ying-Jeou reaffirming their...
  • Biden’s Mortgage Market Getting Hammered! Unadjusted Mortgage Purchase Demand (Applications) Fall 4% Since Last Week, Fall 23% Since Last Year

    04/10/2024 12:22:10 PM PDT · by Kaiser8408a · 1 replies
    Confounded Interest ^ | 04/10/2024 | Anthony B. Sanders
    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...
  • Funky Cold Joe Biden! Inflation Comes In HOT For 4th Consectutive Print (Core Inflation Hotter Than Expected At 3.8% YoY)

    04/10/2024 11:57:22 AM PDT · by Kaiser8408a · 8 replies
    Confounded Interest ^ | 04/10/2024 | Anthony B. Sanders
    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...
  • COOKING THE BOOKS: Biden Admin Called Out For Bogus Numbers On Jobs & Crime...The whole idea a 'public servant' is supposed to be indifferent to party politics

    04/10/2024 11:51:31 AM PDT · by Red Badger · 10 replies
    Clash Daily ^ | April 10, 2024 | Staff
    Not only are you being lied to, your own tax dollars are being used to accomplish the deception. For all of the left’s faux concern about ‘misinformation and disinformation’ they’ve got their own sordid little information laundering scheme going on. It’s an incestuous little circle of politicians, bureaucrats and media who all share the same political goals (big government) for their various, and sometimes conflicting reasons, but each works hand in hand to push the same agenda: push a public narrative that puts the Biden administration in the best possible light, so that Dems can keep control of government and...
  • Bridgewater’s Bob Prince says Fed rate-cutting hopes are ‘off track’

    04/10/2024 6:23:05 AM PDT · by Red Badger
    Financial Times ^ | April 09, 2024 | Kate Duguid
    Influential investor says US inflation and growth are not at levels where interest rates can fall Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/680c17d1-0d55-4697-aff8-7dcca8c06679?accessToken=zwAGFb2KHEZYkc9oDBfRDVVGl9Ov-H3MqMBmeQ.MEUCIEKUOo8tpYNQH1TIRs1UXW0onmSrH2MkZ28gZyBrU5T-AiEAledOG31n_SXP-FsEVXres7m4-IDthSiN4Xyky3Mv9yQ&sharetype=gift&token=c10df47e-f8fc-4ea2-a059-1720789b4224 Persistent inflation and hot US growth have left the Federal Reserve’s rate-cutting hopes “off track”, Bridgewater’s Bob Prince said on Tuesday, adding...
  • Biden Shouts Incoherently When Interrupted by Heckler, Claims He's Cut Deficit by $1 Trillion

    04/09/2024 8:25:16 PM PDT · by SeekAndFind · 22 replies
    Red State ^ | 04/09/2024 | Bob Hoge
    President Biden was at it again Tuesday, telling tall tales and shouting gibberish. He was speaking at Union Station in Washington, D.C. on the care economy—described by the United Nations as including “paid (employed in the formal and informal sectors) and unpaid work through which care is provided for others”—when he was interrupted by a heckler. The president angrily responded, “Well, I’ll tell you what…you wanna come make a speech or shush up, okay?” Then he took a look at the protester and thought better of it because, evidently, the guy looked tough. “I’m not messing around with him!” Biden...
  • The Future of Electric Vehicles Looks Bleaker Than Ever

    04/09/2024 8:22:08 PM PDT · by SeekAndFind · 45 replies
    Red State ^ | 04/09/2024 | Ben Kew
    The future for electric vehicles is looking bleaker than ever.According to a Gallup poll published this week, the number of Americans who own an electric vehicle has indeed increased in the last year. However, the number of those interested in buying one is on the decline despite efforts from the federal government to transition the entire automobile market within the next decade. Seven percent of Americans, up from 4% a year ago, report that they own an electric vehicle. That increase is matched by an equal decline in the percentage saying they are seriously considering buying one, from 12% to...
  • News Summary-Intelligence Report Tuesday 4/9/2024 US Sends Iranian Arms To Ukraine, Netanyahu "There I No Force In The World That Will Stop Us", Norfolk Southern Offers To Settle Lawsuit Ohio Derailment, China Russia Pledge To Keep Supply Chains Open

    04/09/2024 7:40:18 PM PDT · by Nextrush
    Nextrush Free ^ | 4/9/2024 | Nextrush/Self
    In Jerusalem tonight Ultra-Orthodox protesters at a road junction. Shouts of "Nazis" as the highway was blocked... A US warship shooting down a missile fired from Yemen early this morning... In the UK Conservative Member of Parliament William Wragg resigning the whip to sit Independent. This follows Wragg's admission he was compromised... US Central Command announcing transfer of small arms seized from ships bound for Yemen to Ukraine... The British Foreign Secretary David Cameron saying the US and UK are making progress on transferring seized Russian assets...to Ukraine... In Madrid, Paris and London heightened security for football... In Idaho and...
  • HA! NewsGuard FINALLY Downgrades NYT After MRC Repeatedly Called It Out

    04/09/2024 10:34:16 AM PDT · by JV3MRC · 9 replies
    MRC Free Speech America ^ | 4/9/2024 | Joseph Vazquez
    NewsGuard discovered that The New York Times was never worth its flawless 100/100 score, but apparently only after MRC Free Speech America repeatedly called it out. NewsGuard finally downgraded The Times’ perfect score Feb.1 to a lukewarm 87.5/100. NewsGuard’s beef with the legacy leftist publication was that it “no longer meets NewsGuard standards for handling the difference between news and opinion responsibly.” Wow, what a revelation! Has the dystopian website traffic cop been living under a rock? The head-turning move by the media ratings firm came after MRC released three studies of NewsGuard’s ridiculously skewed ratings system across three consecutive...
  • Politico Explains Why Republicans Will 'Regret Their Crusade Against Electric Cars'

    04/09/2024 6:42:22 AM PDT · by Red Badger · 30 replies
    Twitchy ^ | April 08, 2024 | Staff
    Here's something we learned just from Politico's headline: Republicans are waging a crusade against electric cars, and they might regret that in the 2024 election. Politico is correct if waging a crusade against electric cars means opposing EV mandates and impossible deadlines. Energy Secretary Jennifer Granholm wants the entire U.S. military fleet to be electric by 2030. It was Politico who told us last December that the Biden administration's $7.5 billion allocation had led to exactly zero charges being installed two years later. It's funny … Politico told us one year ago that Republicans were stoking the fires of the...
  • Metalworker Fired For Opposing Company’s Gay Pride Symbol

    04/09/2024 6:02:16 AM PDT · by Red Badger · 15 replies
    www.toddstarnes.com ^ | April 08, 2024 | Todd Starnes
    Daniel Snyder was fired from his job as a metalworker because he objected to his employer’s use of a rainbow to promote gay pride month. Snyder, who worked for the global aluminum manufacturing giant Arconic, is suing his former employer claiming religious discrimination. As I wrote in my new book, “Twilight’s Last Gleaming,” religious liberty is under fierce attack in the nation. Click here to read my book. “Because of his Christian beliefs, Mr. Snyder respects all people regardless of their sexuality, and he previously worked alongside a transgender individual at Arconic without any issues,” said Thomas More Society attorney...
  • Here’s Why Nobody Believes Biden On The Economy Anymore

    04/09/2024 5:56:57 AM PDT · by Red Badger
    issuesinsights.com ^ | April 9, 2024 | I & I Editorial Board
    Friday’s jobs report has everyone excited. Everyone, that is, who is pulling for Joe Biden to win reelection. Outside that blinkered lot, the pain of Bidenomics is still very real. “Today’s report marks a milestone in America’s comeback,” he said. “Three years ago, I inherited an economy on the brink” – a lie we’ve repeatedly exposed – “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office” – another lie; as we noted last week, the economy has created only 5 million net new jobs under Biden,...
  • California's $20 Minimum Wage Costing Jobs [semi-satire]

    04/08/2024 4:16:57 PM PDT · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 7 April 2024 | John Semmens
    Democrats' belief that raising the minimum wage for fast food employers would benefit them is being undermined by businesses closing down and/or laying off portions of their labor force. Loren Wright, owner of a Fosters Freeze franchise in Lemoore, said "my employees told me they'd rather have a job at the old wage than be laid off, but the new law doesn't give us that option. Gov. Newsom's restaurant does have that option." Newsom hastened to point out that "I'm only one of the owners of the PlumpJack Cafe. The law exempted this kind of restaurant from the required minimum...
  • Why the U.S. Public Debt Is Unsustainable and It Is Destroying The Middle Class

    04/08/2024 10:56:47 AM PDT · by SeekAndFind · 16 replies
    In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?Excessive public debt is unsustainable when it becomes a burden on productive growth and...
  • MEMECLIPSE: TIME Mag Ludicrously Calls Trump Meme Video ‘Bizarre Campaign Ad’

    04/08/2024 10:17:10 AM PDT · by JV3MRC · 18 replies
    NewsBusters ^ | 4/8/2024 | Joseph Vazquez
    Have you ever heard of the old expression, “The left can’t meme?” Well, apparently TIME magazine is so broken with Trump Derangement Syndrome it can’t even figure out what a meme is. TIME railed against former President Donald Trump for posting on Truth Social what the leftist magazine described as a “new and bizarre campaign ad” of his “head tak[ing] the place of the moon and block[ing] out the sun in a nod to Monday’s solar eclipse.” Making it seem like the video was an actual campaign ad, the magazine continued: “It shows an image of the glowing sun as...