While Household Income Falls, Central Bankers Are Pushing for Higher Prices | Daniel Lacalle

“We have not crashed yet, let’s accelerate.” Central banks continue to be obsessed with inflation even as household income and balance sheets continue to weaken in real terms. Source: While Household Income Falls, Central Bankers Are Pushing for Higher Prices | Daniel Lacalle

Powell’s Case

“We are about to witness the most high stakes court battle in the history of the United States.  Yes, the outcome will determine whether Donald Trump or Joe Biden wins the presidency, but even more importantly the integrity of America’s elections is about to be put on trial.  If fraud can be proven, extremely expensiveContinue reading “Powell’s Case”

Retail Results

October retail is for the sixth month in a row, but just barely. Retail sales up a seasonally adjusted 0.3% MoM v.0.5% expectations, and short the 1.6% gain in September. The losers include grocery-store sales (down 0.4%), bar and restaurant receipts (down 0.1%), and both sporting goods and clothing sales (down 4.2%). MoM winners include non-store retailersContinue reading “Retail Results”

Red Ponzi Defaults

Like Red Ponzi issues? Like cliff diving? Catching falling knives? As WSJ reported in their story, it’s been a lot of “unwelcome surprises” for those who believe Red Ponzi financial statements (too funny – there are such people). Sort of like those who believe there is no voter fraud. Yongcheng Coal & Electricity Holding GroupContinue reading “Red Ponzi Defaults”

“Don’t be evil” (unless you’re Google)

“Apparently, Google does not deem it unethical to fire an employee for expressing the research-based view that differences between the sexes/genders may include occupational proclivities. Google must not consider it unethical to blacklist conservative or otherwise nonleftist news sites, websites, and users. Google must believe that autocompleting searches with patent nonsense represents the highest ethical standards. Google maintains that factual search resultsContinue reading ““Don’t be evil” (unless you’re Google)”

Banana Republic News Update: “We’ve identified mathematically the exact algorithm they’ve used—and planned to use from the beginning” that allegedly switched votes to Biden”

“We’re getting ready to overturn election results in multiple states,” Powell said on Fox Business, adding that she has enough evidence of election fraud to launch a widespread criminal investigation.  “I don’t make comments without having the evidence to back it up.” It’s on like Donkey Kong. Trump Lawyer Sidney Powell: ‘We’re Getting Ready toContinue reading “Banana Republic News Update: “We’ve identified mathematically the exact algorithm they’ve used—and planned to use from the beginning” that allegedly switched votes to Biden””

Commercial Loan Demand Crash

Last quarter, we saw collapsing consumer loan supply, tighter loan conditions, and consumer demand falling to record low levels. That was then. This is now. the latest round of bank earnings saw a collapse in loan loss provisions across the US banking sector, which miraculously plunged from near all time highs back to pre-covid levelsContinue reading “Commercial Loan Demand Crash”

Deja vu

New York Times, February 19, 1994 “Saying Philadelphia’s election system had collapsed under “a massive scheme” by Democrats to steal a State Senate election in November, a Federal judge today took the rare step of invalidating the vote and ordered the seat filled by the Republican candidate. … “In many instances, according to Republicans who testified duringContinue reading “Deja vu”

Georgia On My Mind

“In an Oct. 11 order, just weeks prior to the presidential election, U.S. District Judge Amy Totenberg agreed with the concerns associated with the new Dominion voting system, writing that the case presented “serious system security vulnerability and operational issues that may place Plaintiffs and other voters at risk of deprivation of their fundamental rightContinue reading “Georgia On My Mind”