from Kerry Lutz's Financial Survival Network
Kerry and Dennis Tubbergen discussed various economic challenges and potential responses from the Federal Reserve. They explored the concept of stagflation and its potential presence in the current economic environment, as well as the need for significant budget cuts to address economic challenges. The speakers also expressed concern about the potential downturn in the housing market and the challenges facing the commercial real estate market, including high interest rate resets on loans and the exodus of companies from urban areas. They also touched on the broader implications of failing states and cities, leading to a discussion about potential secession movements and political realignment in the United States.
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Behind the facade of normalization, even high-income lifestyles have been ghetto-ized.
According to this morning’s dismal publication from the US Bureau of Economic Analysis, US GDP growth crashed to just 1.6%, while inflation keeps rising at a 3.4% rate.
(Bloomberg) — Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.
The gold stocks’ latest earnings season is just getting underway, and should prove fantastic. The miners are set to report their most-profitable quarter in years, primarily driven by much-higher gold prices. These companies have also mostly forecast holding the line on costs, helping earnings amplify gold’s breakout surge. This sector’s strong-and-improving fundamentals should increasingly attract back institutional investors.
President Joe Biden, 81, implemented a new strategy of walking to and from Marine One with multiple aides to “draw less attention” to his physical ailments, Axios’ Hans Nichols and Alex Thompson reported Friday.
The release of 1st quarter 2024 Gross Domestic Product (GDP) on April 25th surprised virtually all forecasters. The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low. The same data release revealed that inflation, as measured by US GDP Personal Consumption Core Price Index (quarter-over-quarter), accelerated 3.7 percent, ahead of an expected 3.4 percent, disrupting a brief period characterized by robust demand and subdued price pressures. Those conditions previously fostered optimism for a so-called soft landing.
After the California Assembly’s Privacy and Consumer Protection Committee recently voted 11-0 to support a far-reaching, speech-quelling, lawsuit-promoting bill in the name of protecting “the children,” Assemblymember Joe Patterson (R–Rocklin) posted this on X: “The most simple bill ever and I was pleased to support it after a lot of heartburn. All the bill says is companies are liable if they don’t ‘exercise ordinary care or skill towards a child.’ Do you disagree?”
I’ve been hearing a lot of commercials on my favorite local conservative radio station from BP about their Carbon Capture and Storage (CCS) projects (CCUS for “underground” storage), so my natural curiosity got aroused and decided to investigate it.
Video has emerged of a drag queen leading children barely older than toddler age in chanting “Free Palestine” during a so called “Queer Storytime for Palestine” event in Massachusetts.
The United States is facing a catastrophic situation, plus are they going to eliminate private property rights in the US?
Are the financial markets headed for trouble? There was quite a bit of panic on Wall Street on Thursday after more bad economic numbers were released. But honestly I simply do not understand why the financial markets responded with such surprise. By now it should be apparent to everyone that we have a “Weekend at Bernie’s economy” that is being propped up by unprecedented levels of government spending. If we actually tried to live within our means, we would immediately plunge into a depression. Our politicians definitely do not want that, and so about every one hundred days they are adding another trillion dollars to the national debt, and the vast majority of that borrowed money goes directly into the veins of the corpse that we call the U.S. economy.
A study, published Wednesday in JAMA, was conducted as part of a Food and Drug Administration (FDA) public health surveillance mandate. It indicated that a number of serious ailments afflicted children following mRNA COVID-19 vaccination.