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California Demands More Inflation – Bans Gasoline in New Car Sales by 2035
Leading the Way Towards More Inflation. CA continues to lead the way: “Experts said the new California rule, in both…
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Economy
Property Bailouts in China Are Coming, But They Will Fail, What About the US?
Shifting debt doesn’t solve problems says Michael Pettis. Someone has to take the loss. 34 COMMENTS Image from Tweet below.…
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Economy
If You Think A Housing Bottom Is Close, Think Again!
Pending Home Sales Fell 8.6% in June New home sales are recorded at signing. Existing home sales are reported at…
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Economy
Unleaded Gasoline Futures Declined 26 Percent – Has Inflation Peaked This Economic Cycle?
Prices of commodities have plunged from recent highs. Has inflation peaked? The Wall Street Journal reports There Are Signs Inflation May…
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Elon Musk Wants Out, But Twitter Says It Will Force Him To Close The Sale
Editor’s Note: You can just see a bloodbath for Twitter stock on Monday. Elon Musk agreed to buy Twitter for…
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Whose Money is the Bank Lending?
A reader asked that question today. To those unfamiliar with the answer, it might seem shocking: Nobody’s. Q: “I am…
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California AB5 Ruling May Disrupt All West Coast Truck Shipments
California ruled that independent drivers are employees not contractors. The US Supreme Court refused the case. The ruling creates a…
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Economy
The Asininity of Inflation Expectations, Once Again By Powell & the Fed
Jerome Powell and the St. Louis Fed are both concerned over inflation expectations. Let’s investigate. What Do Financial Markets Say…
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Economy
Seventh Largest US Importer Cuts Shipments in Half, Shipping Rates Crash
Samsung’s planned shipments in July have been halved. We will see more manufacturers make similar announcements as the bullwhip crashes…
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French President Labels “Unvaxxed” As “Non-Citizens” – Vows To “P*ss Them Off”
French President Emmanuel Macron launched a tirade against the unvaccinated today. Macron No Longer Views Unvaxxed as French Please consider…
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There Are No Hawks on the Fed, Only Ostriches
A Pink Elephant and the Fed Bloomberg’s Peter Coy @petercoy has an excellent article on Fed policy worth a good look: Don’t Think…
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Commentary
Chloroquine Poisoning & Deaths, But “Hey It Works”
Despite little evidence it works, a rush to buy Chloroquine pushed prices up 400%, and that’s not all. Dear Kyle…
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As Congressional Scrutiny Looms, Boeing Hold Emergency Meeting
A survey reveals Boeing workers felt pressure to approve unworthy systems. Boeing’s board is in emergency meetings. US regulators say…
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