Saturday, June 28, 2025

S&P 500 closed at a record of 6,173.07 on Friday 27 June 2025

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  S&P 500 closes at a record Friday, overcoming even more trade angst

Trump is the Uniparty, floats an Iran policy similar to Obama's

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  Trump administration exploring $30 billion civilian nuclear deal for Iran   ... The potential deal would mark a major reversal in policy f...
Friday, June 27, 2025

The weekend help has arrived early at Drudge lol

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  Trump Tax Bill Could Add Over $4,000,000,000,000 Trillion to Debt! Four trillion TRILLION dollars! Now that's a lot of money!        

Core pce inflation in May 2025 rose to 2.7% year over year, which is a rate 80% higher than the 1.5% average rate 2009-2020

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 Daddy's inflation.    

Amazon founder Jeff Bezos buys 55-year old used car

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  The best money can buy: Venice wedding causes stir...

Daddy's inflation

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Peter Thiel's daddy

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If anyone is stuck, it's Gen Xer Peter Thiel

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 ... I’m always anti-boomer ... In The New York Times, here . 
Thursday, June 26, 2025

The consensus estimate for today's GDP report was indeed for -0.2, instead it surprised at -0.5

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  First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists...

1Q2025 real GDP revised down 0.3 to -0.5 in third and final estimate on an increase in imports front-loaded into 1Q to avoid Trump's tariffs

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 Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), a...

Blowhard Tommy Tuberville isn't running for re-election to the U.S. Senate, so he'll say anything now

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  GOP senator calls for Senate parliamentarian to be fired after ruling against Medicaid cuts

The International Atomic Energy Agency, which said Iran possessed 400kg of highly enriched uranium on June 12, says they'd have to go to the bomb sites to really know the extent of the damage caused by the U.S. attacks

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  Iran’s nuclear facilities “suffered enormous damage” from the U.S. airstrikes Saturday, but more extensive evaluation is needed, the head...

Initial claims for unemployment in June 2025 were last higher in June 2023, but yikes continued claims were last higher in Dec 2021

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4-week moving averages, initial claims monthly average, continued claims biweekly average:  
Wednesday, June 25, 2025

Federal Reserve floats proposal to ease bank capital requirements which were increased in the wake of the Great Financial Crisis of 2008, Fed Governors Kugler and Barr in opposition

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  Divided Fed proposes rule to ease capital requirements for big Wall Street banks   ... The Fed board put the proposal open for a 60-day pu...

Down she goes

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Methinks J. D. Vance doth protest too much about Jerome Powell

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  It backfired on Powell, though.   Yields climbed in response. 10Y went from 3.63 on Sep 16 to 4.37 by Nov 1. And core PCE inflation shot b...
Tuesday, June 24, 2025

Obliteration schmobliteration

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Food items making new all time high average prices in the United States in May 2025

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 All prices are FRED data from the St. Louis Fed in U.S. dollars.   Ground Chuck 6.018/lb Coffee 7.931 White Sugar 1.054 Bananas 0.655 Potat...

Because the BBB is a GOP Christmas tree of policy-change goodies masquerading as a reconciliation bill

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This was taken down pretty early this morning by the suck-ups at Real Clear Politics. I guess the bosses come in a little later than the hel...

Mark Levin is right, can't understand why Trump is throwing Iran's Nazi leader a lifeline

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 Because Trump is weak, Mark. It's a failure of nerve. He doesn't have the right stuff. Iran should be forced to sign a surrender do...