Armstrong Economics

• newWOKE = Unconstitutional
  ANY company engaging in WOKE should be brought to court for what they are doing is patently UNCONSTITUTIONAL and lawyers should start to wake up and bring class action lawsuits against Target, Budweiser, and  North Face as well as every other compan…
  - 19 mins ago 1 Jun 23, 4:08am -
• newIs BlackRock Responsible for the Woke Agenda?
  BlackRock and Vanguard own almost everything you see. BlackRock is responsible for creating the environmental, social, and governance (ESG) social credit score based on a company’s climate policies. The corporate equality index (CEI) is akin to the…
  - 20 mins ago 1 Jun 23, 4:07am -
• newYouth Unemployment in China
  Chinese youth are struggling to find jobs in urban areas. Unemployment for the 16-to-24 demographic reached a new high in April at 20.4%. Youth unemployment has steadily risen this year after reaching 17.3% in January, 18.1% in February, and 19.6% in…
  - 24 mins ago 1 Jun 23, 4:03am -
• newTrump Pledges to End Birthright Citizenship
  Anyone born in the United States automatically becomes a citizen, as it is their birthright through the law. The 14th Amendment of the Constitution states all “persons born or naturalized in the United States” are “citizens of the United States…
  - 25 mins ago 1 Jun 23, 4:02am -
• newMarket Talk – May 31, 2023
  ASIA: India’s economic growth in the March quarter reached 6.1%, according to government data. This growth was driven by increased government and private capital spending, although private consumption remained sluggish. India continues to be one of…
  - 8 hours ago 31 May 23, 8:31pm -
• newDebt Ceiling & War Crisis
    When we look at our Computer’s timing arrays for the 30-year bond, it did show a target last week with a Directional Change. So far the market has held that low and has been consolidating. When we look at the Array, we do not see a crisis with t…
  - 13 hours ago 31 May 23, 3:49pm -
• Ukraine Preparing to Engulf the Entire World in Death & Carnage
  Some people have been sending hate mail claiming I am a Putin supporter. My advice to you is to grab a gun and go volunteer to fight for Zelensky.  ALL my sources have been screaming from the beginning that this Ukrainian war has been instigated by…
  - 1 day ago 31 May 23, 4:09am -
• South Africa Offers Putin Diplomatic Immunity Ahead of BRICS Summit
  The BRICS (Brazil, Russia, Iran, China, South Africa) alliance is stronger than ever. The 15th annual meeting will be hosted in Cape Town, South Africa, and government leaders are urging all to attend. However, the International Criminal Court (ICC)…
  - 1 day ago 31 May 23, 4:05am -
• Target: CEI Score 100 – $10 Billion Gone in 10 Days
  Target achieved a 100% score on the Corporate Equality Index (CEI) in 2022, and was rated #4 by the Human Rights Campaign for being one of the wokest companies. This arbitrary social credit score goes against American values and people are protesting…
  - 1 day ago 31 May 23, 4:03am -
• Mexico’s President v Ron DeSantis
  President Andres Manuel Lopez Obrador (AMLO) of Mexico is asking people to vote for a candidate who turns a blind eye to the US-Mexico border crisis. It is out of character for a world leader to dictate to his constituents how to vote in a foreign el…
  - 1 day ago 31 May 23, 4:02am -

Wolf Street

• newThat was Fast: Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon,” Mortgage Applications Plunge to 1995 Levels. Even Investors Pull Out
  Spring selling season was a dud. But what comes next may be worse, that’s what mortgage applications and investors tell us.
  - 5 hours ago 31 May 23, 11:30pm -
• newStill an Astonishing Labor Market: Very Tight or Getting Even Tighter in Some Sectors, Getting Less Tight in Others, Not Loose Anywhere, Despite the Rate Hikes
  Powell is going to mention this with some frustration in his voice.
  - 11 hours ago 31 May 23, 5:42pm -
• What Are Manhattan’s Older Office Towers Worth? First Benchmark Prices in the New Era
  Whoever buys the defaulted loan gets the tower. So far, investors and specialized lenders have been on the hook, not commercial banks.
  - 1 day ago 31 May 23, 2:09am -
• Update on US Government Holy-Moly Debt, Interest Expense, and Tax Receipts, and How they Stack Up Against GDP
  We shoulda known better.
  - 2 days ago 30 May 23, 2:45am -
• Americans’ Ability to Pay for Emergency Expenses or Three-Month Job Loss with Cash/Cash Equivalent, by Selling Assets, by Borrowing, or Not at All
  54% have three months of expenses set aside in their account. But 13% can’t pay for a $400 emergency expense.
  - 4 days ago 28 May 23, 1:32am -
• Despite Getting Whacked by Bank Turmoil, Layoff News, Credit Crunch, High Interest Rates, and Inflation, our Drunken Sailors Spent Even More, Even Adjusted for Inflation
  Where does the money come from? They now out-earn inflation and dipped into their assets whose prices ballooned over the years.
  - 5 days ago 26 May 23, 10:22pm -
• Fed’s Favored Core PCE Price Index Re-Accelerates, Driven by Services, Motor Vehicles: Inflation Stuck on High, Shifts from Item to Item
  Not encouraging: core PCE price index refuses to come down, has moved sideways since July last year.
  - 6 days ago 26 May 23, 4:13pm -
• Free-Money Party for Corporate Profits Turns into Hangover amid Rising Costs and Pressured Revenues
  “We are entering an EBITDA recession”: S&P Global Ratings.
  - 6 days ago 25 May 23, 9:14pm -
• Inflation a Stickier Problem than Markets Realize
  Wolf Richter on inflation, consumers, the labor market, and when will these drunken sailors finally stop throwing money around, with Adam Taggart on Wealthion.
  - 7 days ago 25 May 23, 5:15am -
• Inflation Dishes Out Another Nasty Surprise: All Heck Breaks Loose in UK Services CPI & Core CPI, with Scary Monthly Spikes & Multi-Decade Year-over-Year Highs
  Food Inflation Raged at 19%. But energy prices plunged. In response, UK government bond yields spiked, pricing in higher BOE policy rates.
  - 7 days ago 24 May 23, 7:33pm -

Money Game