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The economy  is falling apart the same time the Fed and the Biden admin are telling us that it is doing well. As we get closer to the Presidential election the people are going to see the truth. The Fed is prepping the narrative that what they are about to do will not be political. The [DS] is in trouble. Trump is continually exposing the [DS] and forcing the [DS] to destroy themselves. Obama has now endorsed Kamala and now she will become the nominee. They will try to remove Biden to take control of the Residency. When the shine wears off they will most likely try to swap Kamala out for another candidate last minute.

 

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Economy

https://twitter.com/disclosetv/status/1816454441198874901

https://twitter.com/WallStreetSilv/status/1816463903414477301

Soviet policies get Soviet outcomes.

https://twitter.com/KobeissiLetter/status/1816628116678455329

  than existing homes for the first time since 2005. When people are paying MORE for OLD homes, you know something is broken. 1 out of every 3 homes for sale in the US right now is new construction. All while there are a whopping 274,000 new homes under construction. Price cuts are coming soon.

https://twitter.com/KobeissiLetter/status/1816240109580116424

  there are a whopping 274,000 new homes under construction. This is just ~62,000 less homes under construction than the PEAK before the 2008 Financial Crisis. New home supply is skyrocketing in a market where mortgage demand is plummeting. A record 1 out of 3 homes for sale right now is new construction. Price cuts are coming soon.

https://twitter.com/KobeissiLetter/status/1816415900418916652

  rising to their highest level in at least 7 years. Excess savings have been depleted, interest payments are at record highs, and prices are still rising. How long can consumers hold on here?

U.S Economy Accelerates By More Than Expected, Yet Inflation Remains Stubborn

The U.S. economy grew at an annual pace of 2.8 percent in the second quarter, much faster than the two percent forecast by Wall Street analysts.

The stronger-than-expected growth indicates that the economy has continued to expand despite high interest rates, calling into question the need for a rate cut from the Federal Reserve in the near term.

In the first quarter of the year, growth slowed to 1.4 percent after rapidly growing in the second half of 2023.

Consumer spending—the main engine of economic growth—rose 2.3 percent, beating forecasts, according to data released by the Department of Commerce on Thursday. Spending on durable goods led the increase, indicating consumers remain willing to purchase big ticket items such as cars and appliances despite high interest rates. Spending on services accelerated as well.

Source: breitbart.com

The Fed Could Cut Interest Rates Before The Election, Risking Political Fallout

The Federal Reserve appears to be on track to cut its benchmark interest rate in September, just two months ahead of the general election in November.

According to conventional wisdom, a rate cut could boost the economy and encourage voters to reward the incumbent political party.

Fed officials value the central bank's independence and avoid stepping into political matters or favoring either party.

The risk of being accused of favoritism hasn't stopped the Fed from election-season rate cuts in the past when economic conditions warranted them.

Policymakers at the Federal Reserve try to avoid politics at all costs—but the central bank is widely expected to cut in...