Sinking Treasury yields signal growing jitters about 'everything' ahead of Friday jobs repor
• https://www.marketwatch.com, By Vivien Lou ChenBenchmark 10-year Treasury yield finishes below 4% for first time since February
Contents Pages by Subject
Economy - Economics USA
US targets surging grocery prices in latest probe
• https://finance.yahoo.com, By Jody GodoyThe U.S. Federal Trade Commission will probe why grocery prices remain high even as costs for retailers fall, Chair Lina Khan said on Thursday, a key theme for the Biden-Harris administration as it heads towards the presidential election.
Recession Triggered: Payrolls Miss Huge, Up Just 114K As Soaring Unemployment Rate...
• https://www.zerohedge.com, by Tyler DurdenRecession Triggered: Payrolls Miss Huge, Up Just 114K As Soaring Unemployment Rate Activates "Sahm Rule" Recession
Wall Street Is Starting To Freak Out About The Horrendous State Of The U.S. Economy
• The Economic Collapse Blog - Michale SnyderIt looks like investors are starting to figure it out. Bad economic numbers continue to come pouring in, but so far the Federal Reserve has refused to pull the trigger on a rate cut.
A $1 Million Starter Home Is Now The Norm In 237 American Cities
• Zero HedgeHundreds of cities across the United States now have starter homes priced at $1 million dollars or more, as housing shortages push prices to record highs, according to real estate marketplace Zillow.
Founding Fathers Warn of a National Debt Doomsday!
• https://www.activistpost.com, By Michael BoldinAmerica is drowning in debt – and teetering on the brink. We've just hit a new, unthinkable milestone: a national debt of $35 trillion. This isn't just a number; it's a ticking time bomb.
The Economic Situation of the West
• https://www.paulcraigroberts.orgPaul Craig RobertsOnce upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability.
The Housing Bubble Keeps Expanding, Case-Shiller Home Prices Hit New Record
• https://mishtalk.com, By MishHousing affordability continues to soar out of reach of most buyers. Not only are prices at a new record level, mortgage rates remain close to 7.0 percent.
This Is What The Final Stages Of A Bubble Economy Look Like Just Before A Collapse Happens
• https://theeconomiccollapseblog.com, By MichaelHow does it feel to be living on the edge of a bubble just before it bursts?
Buffett Disposes 71 Million BofA Shares As Berkshire's Cash Stockpile Rises
• https://www.zerohedge.com, by Tyler DurdenBillionaire investor Warren Buffett's Berkshire Hathaway has disclosed in multiple filings this month, the latest on Monday, that it is continuing to reduce its stake in Bank of America, locking in sizeable gains.
US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates
• https://www.zerohedge.com, by Tyler DurdenHome prices in America's 20 largest cities rose for the 15th straight month in May (the latest data point from Case-Shiller's admittedly lagging series), up a better than expected 0.34% MoM to +6.81% YoY...
Suppressing Silver Prices Has Been Official US Policy Since 1965
• https://www.activistpost.com, by Chris PowellIn the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices.
Church Insurance Rates Are Skyrocketing
• https://www.zerohedge.com, by Tyler DurdenA series of disasters, including Gulf Coast hurricanes, California wildfires, Midwest flooding, and severe thunderstorms, combined with post-COVID construction cost increases, have severely impacted the insurance industry.
The End for Dodge?
• https://www.ericpetersautos.com, By ericDodge is looking a little green around the gills all-of-a-sudden. Not just Dodge, either. Parent company Stellantis just posted "worse-than-expected" stats for the first half of this year.
Homebuilder Inventory of Started But Unsold Homes Is the Highest Since 2008
• https://mishtalk.com, By MishThe homebuilders' inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory.
Pentagon Again Applies Budget Lies To Deliver More Weapons To Ukraine
• https://www.lewrockwell.com, Moon of AlabamaWhenever the Pentagon runs out of money designated by Congress as aid to Ukraine it starts to use creative accounting to free up some additional money from its general budget.
'Bank Failures Are Almost Certain To Follow': The CRE Crisis Has Gone Nowhere...
• by Mate Suto and Tuomas MalinenCommercial real estate (CRE) issues have been getting more attention this year, causing significant headaches for the banking sector and raising questions about the severity of the situation.
The American tradition of abolishing central banks
• https://mises.org, Thomas J. DiLorenzoIn discussing the Mises Institute's June 24th full-page Wall Street Journal ad entitled "Who Needs the Fed?" on talk radio recently most of the interviewers naturally expressed skepticism over whether the Fed could ever actually be abolished...
Fed's Favorite Inflation Indicator Unexpectedly Jumped In June; Savings Rate Slumps
• https://www.zerohedge.com, by Tyler DurdenThe broadly weak trend of US macro data was jolted yesterday by a hotter than expected GDP print - which prompted a hawkish shift in rate-cut expectations.
Discount Retailer Big Lots To Close More Than 50 Stores In California
• https://www.zerohedge.com, by Katabella RobertsDiscount retail chain Big Lots is shuttering more than 50 stores across California following a drop in customer spending and economic challenges.
Rosie The Riveter Is Back. New Ad Campaign Entices Gen-Zers To Quit Gig Economy For Welding...
• https://www.zerohedge.com, by Tyler DurdenRosie The Riveter Is Back. New Ad Campaign Entices Gen-Zers To Quit Gig Economy For Welding Career
Elon Musk warns 'America is going bankrupt'...
• Yahoo Finance...as interest payments on US debt ate up 76% of June's income tax revenue
U.S. Commercial Real Estate Is Headed Toward a Crisis
• HBR - Harvard Business ReviewU.S. banks face a reckoning: Over the next two years, more than $1 trillion in commercial real estate (CRE) loans will come due, according to The Conference Board calculations using MSCI Real Assets data.
The Percentage Of Americans That Worry They Won't Be Able To Pay Their Bills Is Higher...
• https://theeconomiccollapseblog.com, By MichaelThe Percentage Of Americans That Worry They Won't Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession
"Everywhere Is Garbage": Chinese Making Documentaries About America's Collapse
• https://www.zerohedge.com, by Tyler DurdenThe Chinese are now producing documentaries on the collapse of American cities. What this showcases is the grim aftermath of decades of deindustrialization, disastrous progressive policies, and an opioid crisis--ironically fueled by China.
Chevron Will Stop the Catastrophic Failures of the Administrative State
• https://www.lewrockwell.com, By Elizabeth NicksonThe Polite Left Started this Civil War for Personal Gain. The result? The end of Democratic Process, and Impending Economic Collapse
Cash-Strapped Consumers Flock To McDonald's On $5 Meal Deal
• https://www.zerohedge.com, by Tyler DurdenLet's begin with our note from early May titled "McDonald's Admits Consumers Are Broke With Planned Reintroduction Of $5 Meal Deal."
EXCLUSIVE: Economist Reveals How Gold, Silver, And The US Dollar Went Up After...
• https://banned.video, The Alex Jones ShowEXCLUSIVE: Economist Reveals How Gold, Silver, And The US Dollar Went Up After Assassination Attempt
Putting the National Debt Into Perspective We Can All Understand
• https://www.activistpost.com, By Mike MaharreyU.S. government borrowing and spending never stops.
Just Like Joe Biden, The U.S. Economy Is Sick Once Again
• https://theeconomiccollapseblog.com, By MichaelWhen you look at Joe Biden, you are also getting a visual picture of what is happening to our economy as a whole. Both have been getting artificially propped up for a long time, both are now sick once again, and both are starting to decline very rap
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