Friday, October 7, 2022

The rentier class at CNBC, FinTwit, Wall Street, is in a panic about Fed rate hikes and just lies this morning about the latest battle: Payrolls beat expectations but CNBC says payrolls slowed

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 Well yeah, they slowed from 315k, but that was EXPECTED. The parasites who derive their main livelihood from the returns on financials are ...

Joe Biden's nuclear war comments are completely irresponsible, but so is just about everything that comes out of his pie hole

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 He's making matters worse, not better. He's attributing statements to Putin which Putin did not make, which is the default practice...
Thursday, October 6, 2022

I don't know about you, but my natural gas and electric costs are up 71% from two years ago

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 Why? Basically a combination of demand for domestic electric power production, demand for LNG exports to Europe because of the Ukraine war,...

59% still pay in cash because the drug dealers don't take credit cards

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  The cashless economy trend is not necessarily new, but it is gaining momentum, according to new research from the Pew Research Center . Th...

Despite 2015 Paris climate agreement, global reliance on coal grew by about 8%, looks to grow 23% more, shattering Greta's world, lol

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  The NGOs report said there are currently more than 6,500 coal plant units globally with a combined capacity of 2,067 gigawatts. ... Urgewa...
Wednesday, October 5, 2022

The most obscene interest rate policy moment in US Federal Reserve Bank history

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Tuesday, October 4, 2022

Climate emergency: 2022 average temperature in Grand Rapids MI through September was 0.4 degrees F above the long-term average since 1892

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Mean average temperature in Grand Rapids MI through September 2022: 51.5F. Mean average temperature in Grand Rapids MI through September sin...

From the "it's ok when we do it" department: Berkeley Law goes judenrein

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  Berkeley Law School Develops Jew...

Denmark restarts two coal and one oil power station, Germany restarts three coal power stations

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From the story : Orsted said the order applied to “unit 3 at Esbjerg Power Station and unit 4 at Studstrup Power Station, which both use co...
Monday, October 3, 2022

The libertarians are not conservatives' friends

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  Expand the H-2B Program In Order to Fill Millions of Jobs   David Bier, Cato Institute

Democrat Drudge posts hilarious self-own

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  As TV doctor, Oz provided platform for questionable products and views...  

Global fascists wrecked the US middle class, and now they want to wreck it some more

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  UN Calls on Fed to Halt Rate Rises...

US COVID-19 Big Picture Through 9/30/22

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 Deaths per day through September 2022 are down from 896 through August to 846 through September. Cases per day through September 2022 are d...
Sunday, October 2, 2022

The traditional 60/40 portfolio is down 20.77% ytd

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 VTSAX is down 24.89% through 9/30. VBTLX is down 14.59% through 9/30. And don't forget to subtract all-items inflation of 6.14% from No...
Saturday, October 1, 2022

Drudge goes from hundreds of Florida hurricane deaths two days ago to only dozens today

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Warp speed unwind

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Excited for Facebook being on its way to a $20 stock again

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Friday, September 30, 2022

Spiking interest payments on the national debt through 2Q2022 threaten to crowd out other current spending on Social Security, Medicare, and National Defense

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 Wait until the second half is done.  This is going to be ugly.

The long-term gains from a higher savings rate will trounce the gains from earning higher returns

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 Charlie Bilello, here . But I have problems: If a household saved 1% of their disposable income per year and earned a 10% rate of return, t...
Thursday, September 29, 2022

This inflation is transitory

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