On Monday, Pirro’s office told a judge in a separate criminal case that “an Indictment has not been returned” after “a third grand jury returned a no true bill.” ...
Pattern development.
No amount of revolution is ever enough for the odious Uniparty.
Trump's women are the craziest women, the bosom pals of tyrants since at least Aristotle.
I bought six heads of romaine lettuce yesterday like I usually do at Sam's Club every couple of weeks, for $4.46.
Such a deal, right?
Well, this has never happened before in years of shopping at Sam's: the cores were rotten. I barely salvaged half of it.
I also bought a five pound bag of organic carrots, for $3.62. That's always a great deal at Sam's, except this time all the carrots in the bin were THIN, THIN, THIN, and LIMP.
Summer weather is hard on such produce in any case, but I've been buying this stuff year round at Sam's for years and have never experienced this.
I should have taken the stuff back, but I do live in the country and I have compost piles.
Worms gotta eat, same as buzzards.
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| Embrace The Red, White, and Blue Reich |
Declaring 52 "national emergencies" as of June 2025 under which the executive branch exercises broad powers to achieve its objectives . . .
Military patrols in U.S. cities . . .
Police raids on homes of government critics . . .
Nameless, faceless, armed masked men in unmarked vehicles abducting people in broad daylight and disappearing them . . .
Detentions of large numbers of people in special facilities for indefinite periods under poor conditions and without due process of law . . .
Federal government taking financial positions in private businesses . . .
Federal government fining, suing, intimidating businesses for speech it doesn't like . . .
Federal government removing people from their positions because they produced data it didn't like . . .
Price increases and supply shortages due to federal government interference with lawful trade . . .
Federal government impoundment of monies already appropriated for expenditure by law . . .
Ending functions of lawfully created government institutions without statutory authority . . .
No "innocent until proven guilty" for this guy.
It's a blatant power grab which will give him two appointees to Fed governor on top of one to Fed chair when Powell finishes his term in the spring. If he finishes his term in the spring.
What a tragedy for this country and its prestige as issuer of the world's reserve currency.
... the Fed chair is clearly more convinced by the employment side of that equation, indicating that “adjustment” may be necessary — a big hint that the central bank is poised to restart cuts in interest rates next month.
This was itself a surprise to investors, who seemingly were expecting a snoozefest. The dollar dropped sharply, government bonds jumped in price and stocks picked up at the end of a rough week as markets baked in those new expectations. A cut next month is now seen as a done deal, with likely chops in the following two meetings too. ...
If employment data for August picks up from its summer lull, which we will not know until the first week of September, then the Fed will be in the awkward spot of cutting interest rates in to a decent jobs market with inflation still running above target. “The Fed would risk a policy error if it were to cut rates,” warned analysts at Bank of America. ...
The Fed is supported by structures that protect its independence, but anyone who doubts Trump’s desire and willingness to bend it towards his will is kidding themself ...
More.
Complete tosh.
The Fed is data dependent, and there are two inflation readings and one employment report intervening before the next rate decision.
Powell never even got close to saying the FOMC was poised to make a policy change. His remarks, as always, emphasize data and contextualize hypotheticals, that's all.
The press are scoundrels trying to bully the Fed like this. They are on Trump's level in Dante's Inferno.
Powell said conditions "may warrant adjusting our policy stance." That could include a rate hike as well as a rate cut. He said "risks to inflation are tilted to the upside" while "the labor market appears to be in balance" even after the huge downward revisions to total nonfarm employment which got the head of the BLS fired.
In fact, he said that the latest data for July core pce inflation, which won't be out until Friday, indicate 2.9% year over year, an uptick from June's 2.8%. That's not good news for the rate cut cheerleaders, and that's why no one is reporting it.
The FOMC is not going to cut the interest rate if that happens and employment remains steady.
August 29 and September 5 will tell us what is likely to happen on September 17, not The Financial Times. Fittingly, the ignoramus for The Financial Times ends her column with a preposition.
And don't forget core cpi inflation on September 11. Powell & Company will have all the very latest data for their decision, on which they will rely:
Monetary policy is not on a preset course. FOMC members will make these decisions, based solely on their assessment of the data and its implications for the economic outlook and the balance of risks. We will never deviate from that approach.
... Four of the most prominent archconservatives in that caucus have said they are running for statewide office, the latest being Rep. Chip Roy (R-Texas), who announced Thursday he will run for state attorney general.
Roy followed Reps. Andy Biggs (Arizona), Byron Donalds (Florida) and Ralph Norman (South Carolina) in saying they will run for the GOP nomination for governor in their states. They depart at a time when the Freedom Caucus’s swagger and negotiating credibility on Capitol Hill have taken a hit. ...
“HFC = House Folding Caucus,” Rep. Brendan Boyle (Pennsylvania), the top Democrat on the Budget Committee, declared after they gave their votes to the GOP’s massive border, tax and health bill in July, shortly after many members publicly slammed the legislation. ...
The House Freedom Caucus was founded in January 2015 by a small group of hard-line conservatives who felt that the original conservative caucus, known as the Republican Study Committee, had grown too big with more than 150 members and lost its ideological identity. ...
Rep. Jim Jordan (R-Ohio) is the only one of the nine founders still serving in office. ...
More.
...
a typical Zoomer on the apps is getting rejected by, and rejecting,
more prospective partners in a week than a typical married boomer has in their entire life.
... Ella, a 20-year-old from Allentown, Pennsylvania, applied to 12 colleges and got rejected from 10. "I had so much hubris and unfounded confidence," she says. "I just thought, well, I'll only want to go to college if I can get into a 'prestigious school.' They ask, 'Why us?' obviously, and I couldn't tell them why besides it's Harvard." In a Substack post she published before her high school graduation, she described how at odds her tenfold rejection was with her belief in simply working hard to succeed. "I thought that I was going to be someone," she wrote.
... many Zoomers apply to more jobs in a day than many lucky Boomers have in their lives. ...
Illegal immigration theatre for the folks!
... President Donald Trump is signaling that he would step back for now from efforts to reach a Ukraine peace deal, expressing frustration over rising casualties and the failure of the two sides to come closer to a peace agreement.
“I’m not happy about anything about that war. Nothing. Not happy at all,” Trump told reporters in the Oval Office on Friday.
He added that he would make an important decision about the future of the conflict in “two weeks,” a phrase that he often uses not to specify a precise time frame, but to indicate that he wants to put off a decision for a while. After that time, he said, “We’ll know which way I’m going, because I’m going to go one way or the other.”...
More.
Where they'll live happily ever after.
https://archive.ph/OqFmv
SPX is up about 53% in the last three years vs. gold which is up about 90% (1775-3373).
If stagflation is our future, gold may do even better.
Dow surges more than 800 points to post record close as Powell speech fuels rally: Live updates
The Dow Jones Industrial Average rallied to an all-time high Friday after Federal Reserve Chair Jerome Powell signaled the central bank could begin easing monetary policy next month.
The Dow climbed 846.24 points, or 1.89%, reaching a fresh high and closing at a record level of 45,631.74.
The S&P 500 rose 1.52% to end at 6,466.91. At its session high, the broad market index came within three points of its record.
The Nasdaq Composite gained 1.88% and settled at 21,496.53. ...
Spot gold on Friday: $3,373.89, up 75% since September 2023.
Spot silver: $39.01, up 69.5%.
-- Reuters/CNBC
