Armstrong Economics

• newGeorgia Governor & the RINO State Has Failed the Nation
   
  - 4 hours ago 25 Sep 23, 4:09am -
• newPolish President: Ukraine is Behaving like a Drowning Person Clinging to Anything Available
  Polish President Andrzej Duda is taking a harsher stance on aiding Ukraine ahead of the October election. A Reuters poll noted that 91% of the population supported the war when it began, but that figure has dwindled to 69% and continues to decrease.…
  - 5 hours ago 25 Sep 23, 4:05am -
• newCredit Scores on Medical Debt
  It is a common misconception that unpaid medical bills will not hurt your credit score. Medical debt is the leading cause of bankruptcy in the United States. Health care costs are unsustainable and a short hospital stay could easily ruin the most fis…
  - 5 hours ago 25 Sep 23, 4:03am -
• newPRIVATE BLOG – The Fate of the Nation & Analysis
  PRIVATE BLOG – The Fate of the Nation & Analysis Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
  - 18 hours ago 24 Sep 23, 2:53pm -
• Burger King Accepts Credit Cards (1993)
  @noesox ♬ original sound – noesocks
  - 1 day ago 24 Sep 23, 4:04am -
• General Mark Milley – A Threat to the Nation?
  Outgoing Chairman of the Joint Chiefs of Staff General Mark Milley is a Neocon. He has taken every possible action against Donald Trump because Trump was against war. His latest venture to support the neocons is to imply that Trump is a threat to nuc…
  - 1 day ago 24 Sep 23, 4:01am -
• WEC 2023 – The Road to 2032
  We are rapidly approaching 2032, where there will be the real Great Reset. We can all now “feel” 2032 coming. Our computer has made forecasts that no human being could have possibly made on such a consistent basis. Sure, someone can luck out and…
  - 1 day ago 24 Sep 23, 2:36am -
• Social Justice Fallacies
   
  - 2 days ago 23 Sep 23, 4:01am -
• Market Talk – September 22, 2023
  ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 168.62 points or -0.52% to 32,402.41 Shanghai increased 47.73 points or 1.55% to 3,132.43 Hang Seng increased 402.04 points or 2.28% to 18,057.45 ASX 200 increased 3.6…
  - 2 days ago 22 Sep 23, 8:59pm -
• Trump Promises Largest Deportation in US History
    Illegal aliens are pouring into America from the southern and northern borders. Cities have been destroyed, public places overrun, and local governments are wiping out their budgets to support these intruders. US citizens are beginning to clash wi…
  - 3 days ago 22 Sep 23, 4:07am -

Wolf Street

• newMy “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes
  It’s just not the same anymore with QT and rate hikes. Household balance sheets by wealth category.  
  - 8 hours ago 25 Sep 23, 12:33am -
• QE Giveth, QT Taketh Away: German Home Prices vs. ECB Balance Sheet
  The QT show started less than a year ago. German home prices -11%, ECB assets -19%.
  - 2 days ago 22 Sep 23, 10:07pm -
• Treasury Market Gets Memo with Subject Line: “Higher for Longer” but Someone Scribbled next to it, “Maybe Forever?”
  “Neutral rate” creeping higher? Oh dearie! Bloodbath at the long end.
  - 3 days ago 22 Sep 23, 1:55am -
• Demand for Existing Homes Falters Further. Price Cuts, Days on Market, New Listings Rise. Prices Languish below 2022 Peak
  New listings rose in August, when they normally fall in August, an interesting break in the seasonal pattern.
  - 4 days ago 21 Sep 23, 6:29pm -
• “Carefully,” Dude: Powell at the Press Conference
  Our drunken sailors “hate inflation, hate it,” and are in a foul mood, but are in good shape and keep spending.
  - 4 days ago 21 Sep 23, 4:13am -
• In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues
  The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
  - 5 days ago 20 Sep 23, 6:47pm -
• Sign of Tight Labor Market, Strength of Ecommerce: Amazon to Hire 250,000 for Holidays, up from 150,000 Last Year, Boost Wages, Offer Sign-on Bonuses
  While fewer and fewer Americans head to the malls.
  - 5 days ago 20 Sep 23, 5:30pm -
• Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making
  Inflation dished up another nasty surprise. Other costs jumped too. Gasoline didn’t help. This was a broad-based mess.
  - 6 days ago 19 Sep 23, 8:17pm -
• Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago
  Trillions whooshing by so fast they’re hard to see.
  - 6 days ago 19 Sep 23, 2:38am -
• Fed’s Cumulative Operating Losses Exceed $100 Billion. Rate of Weekly Losses Begins to Slow as QT Drains RRPs and Reserves
  Not that the losses matter to the Fed, but they matter to the Budget Deficit.
  - 7 days ago 18 Sep 23, 6:46pm -

Money Game

• newPeople are poking fun at NYC Mayor Eric Adams for trying to make a heart sign with the city's new armless patrol robot
  "@NYCMayor with the robocop, which cannot make the heart with the mayor because it has no arms," posted a user on X.
  - 3 hours ago 25 Sep 23, 5:11am -
• newOil prices nearing $100 a barrel is bad news for inflation — but it's good news for Russia
  Almost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.
  - 4 hours ago 25 Sep 23, 4:27am -
• newUS military barracks are so neglected that troops in one facility are left to clean up 'biological waste that may remain in a barracks room after a suicide,' government report says
  Squatters were even found in some barracks, which are so badly maintained they are affecting the mental health of troops, the report said.
  - 4 hours ago 25 Sep 23, 4:20am -
• newGavin Newsom got grilled on '60 Minutes' about whether he intends to run for president. This time his answer wasn't 'no.'
  "That was a — that was a never-ending response to your question," Newsom said, when asked to answer yes or no to a potential presidential run.
  - 4 hours ago 25 Sep 23, 4:15am -
• newCould Chipotle's burrito bowl robot crack down on customers' favorite portion-maximizing hacks?
  Chipotle fans have found subtle methods to ensure they get larger servings and a bigger burrito bowl. This robot could end it all.
  - 5 hours ago 25 Sep 23, 3:59am -
• newStudent loan payments could get easier for survivors of sexual assault if a bill introduced by Sen. John Fetterman and 10 other Democrats passes
  The bill, introduced on Wednesday by Democrats in the House and Senate, would give the option to defer payments for three years.
  - 5 hours ago 25 Sep 23, 3:34am -
• newHollywood writers reach 'tentative agreement' with studios after 146 days
  The truce came nearly five months after over 10,000 Writers Guild of America members went on strike on May 2. Writers won't return to work right away, and actors are still on strike.
  - 6 hours ago 25 Sep 23, 2:41am -
• newUkraine's first lady questions if Zelenskyy will run for president again as the war-torn country weighs whether to hold an election at all
  The Ukrainian presidential election would normally be held in March 2024, but logistics of a free election are complicated by the ongoing war.
  - 8 hours ago 25 Sep 23, 12:53am -
• newThe BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization
  Brazil, Russia, India, China, and South Africa have invited Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the UAE to join the grouping.
  - 8 hours ago 25 Sep 23, 12:42am -
• newHow 350,000 carpets are made each year by India's largest producer
  We visited India's largest carpet maker Obeetee to see what it takes to produce 350,000 carpets a year.
  - 8 hours ago 25 Sep 23, 12:31am -

Sovereign Man