We Blew It
• https://dailyreckoning.com, BY CHARLES HUGH SMITHWe blew it. That's right, we blew it. What do I mean?
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We blew it. That's right, we blew it. What do I mean?
Oil markets are drifting sideways this morning after the Biden administration plans to release 10-15 million barrels of crude...
Renting is at the highest level in half a century, with 43.7 million households renting. Population-adjusted numbers are another matter. But what does it mean?
THE BIDEN LEGACY: South Africa Confirms Saudi Arabia Will Join BRICS Alliance with China and Russia and Move Away from US with Explosive Consequences
International Man: First, the Federal Reserve told us there was no inflation.
Almost All Corporate Executives Believe That Economic Conditions Are About To Get Significantly Worse
Cargo ship owners have been canceling sailings on some of the busiest routes in the world in the middle of what is normally their peak season, illustrating the serious impact that inflation has been having on consumer spending.
The sudden collapse of prices. The Great Depression began with the collapse of stock market prices in 1929. That was preceded by the collapse of agricultural prices in the United States during the 1920s.
In this episode, John goes into the ever-escalating war between Russia and NATO and how everyone will be dragged into this war in Ukraine.
"It's A War"
Since Fringe Finance has started, I've scoured the Earth far and wide to try and bring a perspective on real estate to the blog that is going to be both no bullshit and an unfiltered on-the-ground opinion that I know and trust (and could add value
With inflation hitting a 40-year high in 2022, Americans around the country are finding it harder to make ends meet.
Retail sales were flat in September missing economist's estimates. Factoring in the CPI, sales were deeply negative
Amazon's October Prime Day failed to wow anyone. Nor will Black Friday, no matter what month it's in this year.
"Markets stop panicking when central banks start panicking."
--Says Investors "Don't Give A Shit" About ESG
Mortgage rates hit 20-year high of 6.92%: Amount banks are prepared to lend average buyer has fallen $100,000 since January to $343,000 (which would get you a trailer in LA)
Around 1400ET, JPM CEO Jamie Dimon warned that he "doesn't think there will be a soft landing," adding that his "gut tells him the Fed rate will be higher than 4-4.5%"
Under the hood food and shelter jumped notably (despite energy drops). A few indexes declined over the month, including the index for used cars and trucks, which fell 1.1 percent in September after decreasing 0.1 percent in August.
It appears US Treasury Secretary Janet Yellen has some very concerning short-term memory problems, just like her boss.
Normally, we shouldn't have economic stagnation and rampant inflation at the same time.
All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.
While the Fed sits around and rearranges numbers, equations and definitions to try and couch what is obviously an ugly inflationary picture for the country, at least one company is giving it to people straight: PepsiCo.
Two Fed presidents, including the Vice-Chair signal caution in rate hikes, but not this year.
WATCH LIVE: Kari Lake Holds 'Inflation Relief Press Conference' In Phoenix Arizona, Announces Plan to Fight Bidenflation And Abolish Grocery and Rent Tax
--El-Erian Blames The Fed For "Totally Avoidable" Crisis
The impact of work-from-home arrangements is clearly visible in rental preferences. City crime is likely another "get me out of here" factor.
In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from BlackRock totaling more than $1 billion.
The demand for personal computers in the third quarter dropped 19.5% vs. 1 year ago, marking the steepest decline in more than 20 years, according to the Wall Street Journal, citing research from Gartner Inc.
You can trace the Fed's inflationary monetary policy all the way back to 1998 and the Long-Term Capital Management bailout...