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Wednesday, December 8, 2021

Maxed Out? US Consumer Credit Growth Slows Sharply In October

After several months of blistering growth in consumer credit as US households charged purchases on their credit cards (as their bank accounts, fattened up by months of stimmies in 2020 which however ended in early 2021, had run dangerously dry), in October the growth in consumer credit dropped notably, rising by just $16.9BN, missing expectations…

McConnell Says Deal Reached With Schumer On Debt Limit

Senate Minority Leader Mitch McConnell says Congressional leaders have reached a deal to avoid breaching the federal debt ceiling.The deal will allow Democrats to raise the debt ceiling on their votes alone - creating a temporary fast-track process which would allow them to increase the debt limit with 51 votes, bypassing the filibuster."I believe we've…

Market Predictions For 2022 – Two Opposing Views

Authored by Lance Roberts via RealInvestmentAdvice.com,“(Market) Predictions Are Difficult…Especially When They Are About The Future”– Niels BohrOkay, I took a little poetic license. However, the point is that while we try, we can’t predict the future. If we could, fortune tellers would win all of the lotteries. But, they don’t, we can’t, and we will not…

Pfizer Accused Of Spreading “Misinformation” About Rival COVID Jabs

Leave it to the Brits to highlight all the flaws inherent in the US-led effort to develop (and reap immense profits from) COVID vaccines while the WTO holds the line on denying the sharing of IP rights to allow developing nations to produce their own jabs.The UK's Channel 4 has produced a new documentary that…

CNN’s Don Lemon Allegedly Tipped Off Jussie Smollett During Police Investigation

Authored by Steve Watson via Summit News,Days after CNN fired Chris Cuomo for abusing his position to help feed information to his sex pest accused brother, it appears that another host, Don Lemon, could become the centre of another journalistic ethics scandal.Reports indicate that Lemon was pinpointed by Empire star Jussie Smollett who claimed in court that he…

Mainstream Economists Are Struggling To Hide The Incoming Economic Collapse

Authored by Brandon Smith via Alt-Market.us,For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the dollar and the forced dependence on globalism…

Stocks Erase Payrolls Puke, Bonds Battered, & Crypto Bounces Back

The weekend was dominated by Fauci playing down his initial alarm panic fearmongering over Omicron and the liquidation flush in crypto.Re: Fauci...'Recovery' stocks accelerated higher today relative to 'Stay at Home' stocks, erasing the post-Omicron losses...Source: BloombergAnd STIRs shifted notably more hawkish with a June 2022 rate-hike now more than fully priced-in...Source: BloombergAnd Re: Crypto...…

So Much For Fixing Supply Chains: A Record 96 Containerships Are Waiting To Dock...

By Greg Miller of FreightWavesThere were 40 container ships waiting for berths within 40 miles of the ports of Los Angeles and Long Beach on Friday. But there were also 56 container ships waiting farther out to sea, putting the actual tally at an all-time-high of 96, according to new data from the Marine Exchange…

“Absolute And Unmitigated Liars”: Former DC National Guard Official Says Generals Fabricated January 6th...

A former DC National Guard official has accused two senior Army officials of lying to Congress about the circumstances surrounding the January 6th Capitol riot in order to protect a top Army official who didn't want to send the Guard to the Capitol, Politico reports.In a 36-page memo sent to the Jan. 6 select committee…

Stocks Soar After Gartman Says “A Bear Market Is Required” And “Stocks Are Headed...

To those who listened to Goldman trader Scott Rubner who in a note last night said "We Have Seen The Lows For The Year", and bought the latest dip, congratulations. To those who are still not convinced, and believe that the slide has more to go, we present what may be the most irrefutable exhibit…
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