Gas prices to rise.
April 8 (Reuters) – Mexico’s state energy company, Pemex, is planning to cut at least 330,000 barrels per day (bpd) of crude exports in May, leaving customers in the United States, Europe and Asia with a third less supply from Mexico.
Bidenomics also known as Obamanomics, at work. Homebuyers need to earn 80% more than in 2020 to afford a house in this market. It’s not just due to high mortgage rates. Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts.
Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and with a 10% down payment, according to a recent report by Zillow Group. That is no longer the case today.
This is perhaps one of the worst tweets in campaign history by Nikki Haley, who has been credibly accused of infidelity and whose husband is currently stationed out of the country.
America is on a path to fiscal ruin. America owes almost $34 trillion in debt. We have record tax revenues but we have a government that believes it can spend money we do not have. The annual interest to service the debt is approaching $1 trillion. It will only get worse from here.
In what has to be one of the greatest pieces of irony ever, private jets on the way to Dubai for the “global warming” conference known as COP28 literally became frozen on the runways in Munich due to a powerful snowstorm.
Must have been a lot of snow on that tail section.
Biden is going to Israel today. The agenda here is transparently obvious.
Karl Denninger was the founder and CEO of MCSNet. He later sold the company to Winstar Communications. Denninger is a founding contributor to the finance blog market-ticker.org, and has used the internet to bring attention to his concerns with the financial system. Denninger was also one of the early members of the Tea Party movement, sometimes referred to as a founder.
Denninger is gifted at processing mountains of statistical data and being able to present his findings in an understandable manner. He does not pretend. Denninger does not ignore data he does not like.
Denninger did an outstanding job with COVID data. While I do not always subscribe to his ideas for fixing things, his analyses are thought provoking.
Karl Denninger believes we are headed to very bad economic times and he pulls no punches in telling everyone why.
Recently I had the opportunity to listen to an interview that was done a year ago with the ultra-leftist Transportation Secretary Pete Buttigieg. This interview is remarkable. Buttigieg is interviewed on the smorgasbord of policies that the people behind the curtain propose to solve the inflation problem. In this eight-minute segment Buttigieg reveals that the administration plans are to take over much of the economy.
If SVB failed because of their investment in US government bonds, how many other banks are at risk? Just how much in unrealized losses are there in the books of banks that made similar investments? Is this situation a direct outgrowth of the Dodd-Frank Act?
As we recently saw last week, the UK is rationing tomatoes among other fresh vegetables. Perishables like tomatoes, potatoes, cucumbers, cauliflower, peppers and broccoli have been restricted to just two or three per customer in many stores.
In his weekly monologue Neil Oliver takes this issue and overlays the surplus of lies that has created it. Neil Oliver generally has exceptional insight and points out what should be obvious.