Continues to look to me to like the increased government deficit from the rate hikes, at the macro level, continues to support output and employment and is not triggering a recession as feared? Still a very high number- well above pre-Covid levels: Back to pre-Covid trend line: A slight decline for the month but still […]
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Central Banks Are Stocking Up On Gold Which Countries Own the Most Gold | SchiffGold “Central banks purchase a net 270 tons of gold through the first half of the year. This fell in line with the five-year H1 average of 266 tons.” This is the driving force behind gold. When central banks buy it, […]
Remains in positive growth mode: No recession indication here- this is a forecast for Friday’s employment report: My take is at the July meeting with President Biden the Saudis agreed to bring prices down in return for various favors. The only way for this to happen was for them to confidentially discount their official selling […]
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Employment growth remains strong as rate hikes continue to contribute to a now rising federal deficit that is supporting growth, contrary to Fed expectations. This leads to more hikes intended to soften growth and inflation that in fact support growth and inflation: The Saudis are on the warpath after a falling out with President Biden, […]
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Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Calculated Risk: Leading Index for Commercial Real Estate “Rises” in September (calculatedriskblog.com) Still high enough for the Fed to keep raising rates, etc: Higher than expected: New […]
Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:
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No sign here that the rate hikes have slowed growth: This is what has been hurting their currency: This series is showing signs of slowing, perhaps due to working from home:
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Permits back on trend after a post-Covid bounce? Starts down a bit but perhaps leveling off around pre covid levels. Certainly not a major collapse yet: Multi-family doing better than single-family: Another tick up in the Fed Atlanta’s GDP calculations:
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‘When profound ideas are introduced to the world for the first time,’ writes Professor Marcia Langton, in her foreword to The First Astronomers, ‘our world is fundamentally changed and the previous understandings consigned to history. There are those who continue to deny the intelligence and scientific traditions of Indigenous people. The idea that the only true science is that of Western thinking must be consigned to history.’
Someone’s shooting at Democratic politicians’ homes, offices It’s called the Dark Corner. In the remote foothills of extreme northeast Greenville County, South Carolina, it was a region known for hidden moonshine stills even one hundred years after the Civil War. Occasionally the Dark Corner made the news at 11. Someone would pump a 12-gauge round through a local’s front door and drive off. No one ever seemed to get hurt. Family feuds were still a thing in the Dark Corner. This is different. And similar. Let’s pray it gets no worse (Associated Press): Bullets flew through one home’s front door and garage. At another home, three bullets went into the bedroom of a 10-year-old girl in a series of shootings that had at least one thing in common: They all targeted the homes or offices of elected Democratic officials in New Mexico. Nobody was injured in the shootings that are being investigated by local and federal authorities. Albuquerque Police Chief Harold Medina said they’re working to determine if the attacks that started in early December and were scattered around the state’s largest city are connected.