X22 Report

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Click On Picture To See Larger Picture[KH] cannot push her way out of Bidenomics, she is caught in her own doing. The economy is falling apart and the people know who the responsible party is. Unemployment is rising, inflation is rising, the market is about to implode. Eric Trump has a big announcement regarding crypto. Is everything about to change? The [DS] is preparing multiple October surprises. Biden will most likely step down, they will swap [KH] out. The [DS] is in panicking mode, they cannot win the election, they don't have the ability to cheat they way they did. They are now trying to stop Trump from taking office, they will use everything they have, economic down turn, chaos, plandemic and war. This is from a place of weakness. Trump has many surprises waiting for the [DS].

 

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Economy

https://twitter.com/KobeissiLetter/status/1824061362189852749

  344,000 jobs in Q4 2023, according to the BED survey released by BLS. On the other hand, nonfarm payrolls data showed that the US labor market added 663,000 and 577,000 new jobs in Q3 and Q4 2023. This is a jaw dropping 1,088,000 difference in job count over just two quarters. The labor market is weaker than the headlines make it seem.

https://twitter.com/KobeissiLetter/status/1824433079504486830

last 4 months to 4.3% in July, the highest since October 2021. If a mild recession hits, history says we could see the unemployment rate rise to over 6% by the end of 2025. The unemployment rate has already crossed above its 36-month moving average for the first time in 4 years. Every time this has occurred in the past, a spike in the jobless rate followed. The US labor market is weakening.

https://twitter.com/KobeissiLetter/status/1824089742494830899

 construction and home-improvement markets are sharply slowing. This has been reflected in new home construction data which plummeted in June toward a 4 year low. Additionally, single-family housing starts declined for their 4th consecutive month in June to a 1 year low. The housing boom is slowing.

https://twitter.com/KobeissiLetter/status/1824181432018932124

 pre-pandemic levels. This is despite 30-year fixed mortgage rates recently falling nearly 100 basis points since May. Housing markets are entirely a supply narrative right now.

https://twitter.com/WallStreetSilv/status/1824428730258776407

https://twitter.com/KobeissiLetter/status/1823834872630403422?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1823834872630403422%7Ctwgr%5E3bd15ee9ea50ad34a9cfcfc8bd8d91a9d4a1cad1%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fx22report.com%2Fwp-admin%2Fpost.php%3Fpost%3D22970action%3Dedit

  to total assets reached 24.5% in Q2 2005 and remained elevated until 2007. Cash, cash equivalents, and short-term Treasuries held by Berkshire Hathaway spiked by $88 billion to a new all-time high of $277 billion in Q2 2024. Is Buffett turning bearish?

https://twitter.com/naval/status/1824038218418749570

https://twitter.com/zerohedge/status/1823911674786566640

Kamala Harris to Announce Soviet-Style Price Controls on Food Under Guise of ‘Gouging Ban’

Soviet-style centrally administered price controls on food and grocery prices will form part of the federal economic proposals U.S. Vice President Kamala Harris will unveil Friday when she finally delivers an insight into her 2024 policies.

Her address will mark the first time Harris offers a policy focused speech since she was anointed as the Democratic candidate in July and been roundly accused by critics since a...

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The top level of the Unions are fighting against Trump, the people in the Union are with him. USPS priority shipping declining. The US added more government jobs than factory. Obamala is now trying to move away from his own policies that pushed through Biden. This will not work, Biden pushes back. The Fed own no gold, this will be it's downfall. Obamala is now ready for the next phase of the plan, first remove Biden, then move [KH] away from the policies Obama pushed through Biden, when this fails, Obama will need to bring someone in clean. Cyber attacks are increasing, the [DS] is already building the narrative of why the elections will be manipulated. Countermeasures are in place. The [DS] plan will backfire on them.

 

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Economy

Anti-Trump Pollster Frank Luntz Stuns CNN Panel — Admits Trump is Winning Over Union Workers Like No Republican in Decades

In a shocking admission that rattled the far-left establishment, anti-Trump pollster Frank Luntz dropped a bombshell on CNN, admitting that former President Donald Trump is gaining unprecedented support among union workers—an achievement no Republican has managed in decades.

This revelation comes after the United Auto Workers (UAW) union has filed federal labor charges against Trump and tech billionaire Elon Musk, alleging illegal threats against striking workers.

The UAW filed federal labor charges against Trump and Musk, accusing them of attempting to intimidate and threaten workers who engage in protected strikes.

Source: thegatewaypundit.com

Paramount TV Shutting Down, Laying Off Thousands Amid Industry Upheaval

Paramount Global announced on Tuesday it would be shutting down its TV studio, laying off thousands amid the industry’s uncertain future.

The company announced that Paramount Television Studios will be shutting down later this week. In a memo to staff on Tuesday morning, president Nicole Clemens said the overall transformation in the industry has affected the studio drastically.

Source: breitbart.com

USPS Sees Steep Drop In Expedited Shipping Demand 

The U.S. Postal Service’s expedited package shipping services have seen a steep drop in demand, according to quarterly results released Thursday.

U.S. Postal Service worker loads a delivery truck on Oct. 1, 2021 in Chicago, Illinois.

The agency weathered a 40.7% decline in Priority Mail Services volume year over year for the third quarter of fiscal year 2024, which ended June 30.

The category includes shipments for Priority Mail, which offers delivery in one-to-three business days, and Priority Mail Express shipments, providing delivery in one to two days with a money-back guarantee.

 

Source: zerohedge.com

Under Biden, More Government Jobs Than Factory Jobs

  President Biden claims to have created more jobs than any other president, yet the sector with the largest job gains was government, while manufacturing was near the bottom. The US currently has 23 million government workers compared to just 13 million factory workers. Out of the entire workforce of 268.6 million, government jobs account for 8.5% of total employment in the US. In Austria, a country that is much more socialist than the US, government employment makes up only 3.9% of the workforce.

The key difference between a factory worker and a government employee is that a factory worker contributes directly to the economy. In the first quarter of 2024, manufacturers contributed $2.87 trillion to the U.S. economy.

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Click On Picture To See Larger PictureThe green new scam just fell apart in California. Newsom was trying to convince people that energy is cheaper in Cali, big fail. The Fed is ready to make the next move, the D's will demand it because they need to show the people that their policies worked, get ready for the boomerang. [BO] is now in a deep panic, they removed [JB], they have [KH] and she is failing. Trump just showed the [DS] how big this movement really is. This will force the [DS] into their next move. Time to change it all up and put in the real candidates. The counterinsurgency is working, the elections will be to big to rig.

 

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Economy

https://twitter.com/SCMountainGoat/status/1822858721128825088

https://twitter.com/JunkScience/status/1823338018486292767

 Vineyard Wind sent teams to pick up debris on the beaches and vessels to fish it out of nearby waters. Locals were not mollified. At lengthy town meetings, they’ve urged the select board to scrap or delay the project... Jesse Sandole, 37, was born and raised on the island and owns a fish market there. He has no issue with building wind turbines on land but strongly opposes what he calls the “full-scale industrialization of the ocean.” He’s concerned about what will happen once the turbines reach the end of their usable life in several decades and how they will be decommissioned.

https://twitter.com/WallStreetSilv/status/1823268250152493251

https://twitter.com/GRDecter/status/1823346200537358617

  on home purchases and major renovations. Stock is up only +0.2% YTD vs S&P +12.05% Not surprised at all.

https://twitter.com/KobeissiLetter/status/1823338265388184037

https://twitter.com/TimMurtaugh/status/1823061456818233852

https://twitter.com/ImMeme0/status/1823362128654254409?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1823362128654254409%7Ctwgr%5Efc659a1f2ba437e7a9595b043df6f45f6782e9b4%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2024%2F08%2Fflashback-kamala-harris-cast-tie-breaking-vote-let%2F

  Trump during his campaign.

Biden would sign a bill eliminating a tax on tips, White House says 

President Biden would “absolutely” sign legislation to eliminate taxes on tipped wages if it made it to his desk, the White House said Monday, embracing a policy first proposed by former President Trump and echoed by Vice President Harris.

  Source: thehill.com

 

BIDENOMICS: Majority of Americans Believe Country is in Recession

The U.S. economy under Joe Biden is thriving so much that a majority of Americans believe the country is in a recession.

CNBC were the first to report on a recent survey by Affirm, which found that despite the Biden regime that the U.S. economy is strong, most people aren’t feeling the benefits.

The report states:

The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates.

And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June.

Citing higher costs and difficulty making ends meet, most respondents said they think a recession started roughly 15 months ago, in March 2023, and could last until July 2025, Affirm found.

 

https://twitter.com/realDonaldTrump/status/1823034723867713700?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1823034723867713700%7Ctwgr%5Ed39c2893378670077a9de68bfaf5ffe377dc8d4f%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.

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Click On Picture To See Larger PictureThe debt level has grown to an unsustainable level for the people, as time goes the people will not be able to survive. The system is breaking apart and no matter what the Biden admin does it will fail. The [CB] will not be able to handle the economic storm that his approaching. The [DS] is ready to make their next move. They have moved [KH] into position but soon she will be removed from the board. The next player will most likely be [BO] or [MO]. Trump has now returned to X, timing is everything. We are now entering the 4th quarter and all roads lead to Obama. It's going to get bumpy so faster your seat belts.

 

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Economy

https://twitter.com/GRDecter/status/1821900447856341046

https://twitter.com/KobeissiLetter/status/1822711419122618368

  bankruptcies have more than DOUBLED in just 2 years. This comes after many companies have struggled to make their debt payments as the Fed raised interest rates to the highest level in 23 years. Now, markets are pricing in 50 basis point rate cuts as the US economy is on the verge of a recession. How is this a "soft landing?"

https://twitter.com/KobeissiLetter/status/1822980127845720374

  decreased by ~22 points over the last 2 years as the labor market has materially slowed down. In the past, such a rapid decline in consumer sentiment about jobs has ALWAYS coincided with a recession. Meanwhile, the ratio of job openings per unemployed worker fell from 2.0 in 2022 to 1.2 in June 2024. The labor market is no longer tight.

https://twitter.com/KobeissiLetter/status/1823003820462313612

  2008 Financial Crisis. A top AAA-rated CMBS experienced a $40 million loss in May for the first time since the 2008 Financial Crisis. Commercial real estate bankruptcies are coming.

Kamala Harris launched IRS harassment of tipped workers in 2022 through her tie-breaking vote for the Inflation Reduction Act

 remember the badly misnamed Inflation Reduction Act, the government spendathon which brought us so much of the inflation we have now?

It was in that bill that 80,000 newly minted IRS agents would be hired, supposedly to go after all the billionaire tax cheats out there.

The U.S. billionaire count, according to Forbes magazine, is 813. Kamala played the key role in getting that law passed.

https://twitter.com/bonchieredstate/status/1822609692910137823?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1822609692910137823%7Ctwgr%5E7d1332bf4d2ac649cc45223f47047ffaef6a4968%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.americanthinker.com%2Fblog%2F2024%2F08%2Fkamala_harris_launched_harassment_of_tip_workers_in_2022_through_the_inflation_reduction_act.html

 

And with just 813 billionaires to harass, who did those 80,000 go after? That's right, the little guys, especially the ones who are paid in tips.

The Wall Street Journal's editorial page found a Treasury report indicating that middle class taxpayers were getting the brunt of the IRS offensive, which would also include some tip workers. Tips, after all, are easy pickings for underreporting owing to the lack of paper trail:

 The most recent data suggests the IRS is still focused on the middle class. As of last summer, 63% of new audits targeted taxpayers with income of less than $200,000.

It gets worse, and here is where the second half of McDonald's tweet is described: With all that new federal money brought to them by Kamala Harris's tie-breaking vote, tip workers were the special little target of the IRS's shiny new army of auditors.

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Click On Picture To See Larger PictureThe climate agenda is dead, everything the [DS] have been pushing the opposite is now happening. The economic continues to implode and the fake news wants us to believe chaos in the market is the new normal. Trump sends message to the [CB], game over. [KH] honeymoon is now coming to and end. The shine is beginning to dull, but think about what happened, more people woke and saw the truth, just like Biden. The [DS] is now building the war narrative. They are now pointing the finger at Iran, who is Iran connected to, Obama. Now we have Iranian assassin, Iran, cyber attacking Trump campaign. They are now pushing all of this to explain why the elections cannot be certified. Playbook Known.

 

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Economy

Climate Fear-Mongering Fail: Great Barrier Reef Sees Third Record Year Of Coral Growth 

Massive increases in coral across the Australian Great Barrier Reef (GBR) have been reported for 2023-24 making it the third record year in a row of heavy growth. Across almost all parts of the 1,500 mile long reef, from the warmer northern waters to the cooler conditions in the south, coral is now at its highest level since detailed observations began. The inconvenient news has been ignored in mainstream media which, curiously, have focused on a non-story in Nature that claimed “climate change” poses an “existential threat” to the GBR.

 

A decade of mass bleaching, relentlessly catastrophised in the interests of Net Zero by activists in the media, academia and politics, does not appear to have done much harm to the recent growth in the Northern GBR.

Or the central area.

Or even in the south where the water temperatures are slightly cooler.

 

Source: zerohedge.com

https://twitter.com/KobeissiLetter/status/1822252409994838029

  of Childcare or Nursery School and Medical Care Services rose by 139% and 136%. On the other hand, TVs, Toys, and computer software prices declined by 98%, 74%, and 74%, respectively. To put this into perspective, average hourly wages are up 119% since 2000. Wage growth is struggling to keep up with many items.

https://twitter.com/KobeissiLetter/status/1822324564078039389

  as Americans have been fighting inflation. The largest surge of $77 billion was seen in mortgage debt which sits now at an all-time high of $12.52 trillion. Credit card and auto debt grew by $27 billion and $10 billion to a record $1.14 trillion and $1.63 trillion, respectively. On the other hand, student loans have declined by $10 billion to $1.59 trillion. Households are still “fighting” inflation with debt.

https://twitter.com/KobeissiLetter/status/1822285090417738080

 been driven by a sharp drop in Suez Canal transit volume, disruptions at some ports in Asia, and demand increase due to inventory restocking. Rising shipping costs are fueling inflation.

https://twitter.com/KobeissiLetter/status/1821998375090155691

  increase at the smallest rate on record over the next 12 months. This comes as US consumer sentiment has declined to its lowest level in 8 months with 39-straight months of inflation at or above 3%. Consumers are fed up with persistent inflation.

https://twitter.com/EndWokeness/status/1822462941603516631

TAKE A LISTEN

https://twitter.com/JamesBlairUSA/status/1822490863919943831

https://twitter.com/DonaldJTrumpJr/status/1822616844861141131

 

Volatility is the stock market's new normal

No matter where the economy goes,

Mark Finchem is running for State Senate of Arizona. Mark starts the conversation bringing speaking about the Tina Peters case. The election system is on trial and the people are now seeing that cheating has taken place. The [DS] is trying to coverup the cheating by bringing charges that distract from the cheating. The people aren’t buying this anymore. The people are learning how the election system is run. This time it’s going to be different. The [DS] will try to cheat in the elections, but it will be very difficult. The [DS] will try not to certify the election but this will fail, so they will unleash chaos. The patriots are prepared for this.

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Canada is falling apart, youth unemployment is rising and inflation is taking it's toll on the people. The green new scam is no more, remember when [KH] was holding the charger, when you don't have to hold the charger. University Nebraska, we nee more cows to remove carbon. D's panic over economy. [KH] is now gas lighting the people, she is now trying to convince the public the border is secure, right on schedule. The Smartmatic Pres was arrested, this should tell you everything you need to know. FBI is now issued a warning that there might be event at the DNC, are they doing this to even the playing field and to remove the candidates, we will have to wait and see. Trump is leading in the polls, now they all lose.

 

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Economy

https://twitter.com/GRDecter/status/1821894437938848133

  SCARY.

https://twitter.com/WallStreetSilv/status/1821767942884757849

https://twitter.com/wallstreetapes/status/1821901309752308169?s=46

 and carbon. It means to eat more cheese burgers or steaks.

Beef, to save the world.” “According to a 2023 University of Nebraska-Lincoln (UNL) report, beef production can be climate-neutral or even better if management practices are optimized to minimize emissions and maximize abilities to store carbon. Some of the ways UNL research suggests that cattle’s carbon footprint can be reduced include:

Diet: Cattle that eat more forage and added fats produce less methane and other greenhouse gases than those that eat more grain and less forage. Fat supplements can also reduce the need for grain. Production efficiency: Improving production efficiency can result in more cattle being marketed or more live weight being produced while using fewer resources. This can be achieved through breeding, feeding, and health programs.

Supply chain: Buying feed that’s grown nearby can reduce shipping emissions.”

 

 "Numbers Aren't Jiving To The Real World" - Huge Revisions Leave Traders Questioning Biden Admin's Energy Data 

Just over a year ago, we commented on the "massive" revisions that the statistical arm of Biden administration's Department of Energy - the Energy Information Administration (EIA)...

https://twitter.com/zerohedge/status/1674793195547529216?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1674793195547529216%7Ctwgr%5E20f35cc08fd295d70e3d42e1b05aadd80d29649f%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fenergy%2Fnumbers-arent-jiving-real-world-huge-revisions-leave-traders-questioning-biden-admins-energy

 

Source: zerohedge.com

https://twitter.com/KobeissiLetter/status/1821918147571515894

  in home insurance premiums seen between 2020 and 2023. This is partly why the median monthly home payment is well above a record $3,000/month in many states. Homeownership has never been more expensive.

Democrats warn Harris must find right message on economy

Democrats are warning that Vice President Harris needs to solidify her economic message before former President Trump ties her to a narrative that plagued President Biden while he was the nominee.

Source: thehill.com

https://twitter.com/MorePerfectUS/status/1821273148173832221

https://twitter.com/BitcoinMagazine/status/1821925411221123430

 

Political/Rights

https://twitter.com/BillMelugin_/status/1821923868472439119?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1821923868472439119%7Ctwgr%5Ed8d72d6a6fbd753668c8b76c56902cd242dc2d20%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.

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The people of Canada are now feeling the pain. The [DS]/[CB] have destroyed the economy with their agenda, now the people see it. Trump sends warning, we are close to a 1929 depression. Russia legalizes Bitcoin. The world is about to change. The [DS] pushed Biden out, but he never ended his campaign. [KH] is using his Presidential Id so they can receive the war chest. Trump has an hour long press conference while [KH] does zero, the people see it. All roads lead to Obama, the [DS] have taken the bait and soon the people will know the truth. This is the final battle, if America falls the world falls.

 

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Economy

https://twitter.com/KobeissiLetter/status/1821592233973309883

 In other words, the average Canadian family now spends DOUBLE their annual shelter costs on taxes. Since 2010, the average annual tax bill for a Canadian family is up a whopping ~57%. Truly concerning numbers.

The average Canadian spends 12 TIMES more on taxes than clothing. Spending on taxes in Canada has disproportionally increased relative to other categories. Many are calling for tax cuts as the trend worsens.

https://twitter.com/KobeissiLetter/status/1821532387592814713

  last 10 years and total credit card debt is up 50% since 2020. Meanwhile, delinquency rates on credit cards and auto loans are nearing the highs seen in 2008. Consumers are "fighting" inflation with debt. This can't end well.

https://twitter.com/KobeissiLetter/status/1821309090808623368

https://twitter.com/KobeissiLetter/status/1821281979456798883

 the Fed doesn't cut rates right now, recession fears will continue to mount.

No rate cuts means more worry about rising unemployment which is now at a 3-year high.

The Fed must pick between market and inflation instability or a potential recession. And even if they pick the right former, we may still end up in a recession.

It's going to be a bumpy road ahead.

https://twitter.com/WatcherGuru/status/1821553954922045720?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1821553954922045720%7Ctwgr%5E4c5ef3be591e5ef2740ea7e81176ff2238baba50%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwatcher.guru%2Fnews%2Fbrics-russia-officially-legalizes-bitcoin-and-crypto-mining

Political/Rights

Hunter Biden prosecutors make bombshell claim he was hired by a Romanian oligarch to influence the U.S. government

Hunter Biden was hired by a Romanian oligarch in an 'attempt to influence U.S. government agencies,' earning around $1 million for work that was structured to avoid 'political ramifications' for Joe Biden, who was then vice president.

The bombshell claim was revealed in court filings on   tied to the younger Biden's federal tax case. And it marks the closest prosecutors have come to tying President Biden to his son's overseas business deals.

Gabriel Popoviciu, a real estate tycoon, was facing bribery and corruption charges in his home country. In an attempt to avoid the charges, Popoviciu hired Hunter Biden and his business associates in late 2015 to help his case.

Hunter, however, was 'concerned that lobbying work might cause political ramifications' for his father, so the deal was structured in a way that 'concealed the true nature of the work he was performing.'

Prosecutors allege, in order to avoid the Foreign Agents Registration Act, Hunter and Popoviciu signed an agreement where Hunter's law firm would 'provide management services to real estate properties in Romania.'

But 'that was not actually' what Popoviciu was...

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Click On Picture To See Larger PictureBiden admin moving forward with their failed green new scam, they are now banning plastic forks, spoon etc. Unemployment rate has risen for 4 consecutive months. The Fed is trying reassure everyone that there is no recession, the spin has begun. Time to end the endless. The [DS] is preparing for the DNC, [KH] picked the worst candidate possible, the entire campaign is one gigantic illusion. This psyop is trying to convince people that she is popular, its failing fast. Trump sends a message, all eyes on the DNC Biden might try to crash it and there might be chaos. Last time the DNC was in Chicago was 1968 and Johnson dropped out of the race while riots were ongoing in the streets. Are we about to see chaos in the DNC?

 

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Economy

Biden Administration Declares War on Plastic Silverware as Green Obsession Goes Too Far 

On July 19, amid global calamities on a scale unseen since World War II, the Biden-Harris administration announced a plan to eliminate the deadly scourge of plastic silverware.

“Communities across the United States and around the world are facing a plastic pollution crisis,” a White House statement began.

“The Biden-Harris Administration recognizes that pollution can occur at every stage of the plastic lifecycle, disproportionately impacting communities with environmental justice concerns, contributing to loss of biodiversity, and exacerbating the impacts of climate change,” the statement read.

That report, presented under the title “Mobilizing Federal Action on Plastic Pollution: Progress, Principles, and Priorities,” provided the official justification for a government initiative that would, according to the White House statement, “phase out federal procurement of single-use plastics from food service operations, events, and packaging by 2027, and from all federal operations by 2035.”

Source: thegatewaypundit.com

https://twitter.com/KobeissiLetter/status/1821186217209151731

  has surged from 3.8% in March to 4.3% in July, its highest level since October 2021. Meanwhile, the US hires rate declined to 3.4% in July, its lowest level since the 2020 Pandemic and below the pre-pandemic average of 3.8%. The US labor market is contracting.

https://twitter.com/KobeissiLetter/status/1820870572093448299

  bond yields spiked to their highest level since November 2023. The volatility index, $VIX, was a major contributor to financial conditions tightening. At the same time, the market started pricing a 60% probability of an emergency rate cut within a week. We do not expect an emergency rate cut.

https://twitter.com/KobeissiLetter/status/1821169021913293222

 protection in the options market against the S&P 500 drop of at least 30%. At the same time. one of the biggest Black Swan funds available to US retail investors, the Cambria Tail Risk ETF, $TAIL, jumped by 4.5%, the most since March 2020. Is the market anticipating a Black Swan event?

https://twitter.com/Fxhedgers/status/1821221053709910245

 Towards the end of his administration, as the Covid pandemic shook the global economy, Trump frequently made it clear he was “not happy with the Fed” because it was “following” when “we should be leading”. He also dropped dark hints about his power to fire Jerome Powell, the boss of the supposedly independent central bank. Full article:

 

Political/Rights

Geopolitical/Police State

https://twitter.com/EndWokeness/status/1821215515605381197?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1821215...

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Click On Picture To See Larger PictureThe green new scam is done, the companies the [DS] pushed are now going bankrupt. The market downturn was the first alarm bell to wake the people up. The [KH] will continue to push how great the economy is and the Fed will cut. People are watching the market and the economy. The [DS] has now made their move, they chose the worst white male candidate they could possibly choose. Was this done to win or did they do it because they knew the people would want something better. Lets see what happens. The [DS] knows they cannot win, they are having a problem with their cheating system. They are trapped, so all they have left is chaos & war.

 

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Economy

Major Solar Company Files For Bankruptcy After California Strips Subsidies

SunPower, a major rooftop solar company, filed for Chapter 11 bankruptcy on Monday, the company announced.

SunPower filed for bankruptcy in Delaware after a string of corporate struggles, changes to California’s rooftop solar subsidy programs and high interest rates weighed down its business, according to Bloomberg News. Before it unraveled, SunPower was among the leading solar companies in the U.S.

In 2023, state policymakers changed California’s rooftop solar subsidy programs and weakened the incentive for companies to push rooftop solar by reducing payments to homeowners who sell back excess power the panels generate, according to CalMatters. Those changes negatively affected SunPower’s business, culminating in its bankruptcy filing, according to Bloomberg.

Source: dailycaller.com

https://twitter.com/KobeissiLetter/status/1820566410663481675

  affordability is near record lows

5. Mortgage demand is at its lowest levels in 30 years

6. The US Dollar has lost 25% of its purchasing power in 4 years

This is not a "soft landing."

https://twitter.com/KobeissiLetter/status/1820795297418694817

 rates were reduced 92 times. By comparison, during the peak of the Financial Crisis in 2009, global central banks implemented 76 cuts. World central banks are cutting as if a global recession is starting.

https://twitter.com/KobeissiLetter/status/1820819551367664018

https://twitter.com/GRDecter/status/1820564810033213692

https://twitter.com/GRDecter/status/1820856443018326222

  cuts 13%

- Indeed cuts 8%

- Peloton cuts 15%

- Tesla cuts 10%

- Pixar cuts 14%

- Discord cuts 17%

- Lucid cuts 6%

- UKG cuts 14%

- Match Group cuts 6%

- Brex cuts 20%

- Wayfair cuts 13%

- Riot Games cuts 11%

- Duolingo cuts 10%

- Rent the Runway cuts 10%

- eBay cuts 9%

In 2024, tech companies have laid off +126,032 people.

With NASDAQ down -12% from record high, how much worse can it get?

Federal Reserve officials move to reassure markets that US is not in recession

Federal Reserve officials move to reassure markets that US is not in recession 

The Fed has in the past considered emergency rate cuts, often in co-ordination with other central banks, in times of very severe financial distress or rapid economic decline — such as at the height of the pandemic in early 2020. But most observers on Monday considered that unlikely.

Source:  ft.com 

https://twitter.com/paulsperry_/status/1820821971262672987

 

Political/Rights

Secret Service says it ‘disposed of’ cocaine found at White House after report of infighting, DNA hit

 The Secret Service said Monday it “disposed of” cocaine found last year at the White House — responding ...