There was a remarkable moment during today's Jay Powell post-FOMC presser, which revealed once again just how out of touch the Fed is when it comes to correctly evaluating the broader economy. Asked about the ongoing devastation in the housing market in general, and rent inflation in particular, Powell's response was the following:
*POWELL: POINT AT WHICH RENT INFLATION SLOWS IS STILL FAR AWAY
*POWELL: AT SOME POINT YOU'LL SEE RENTS COMING DOW
Here, Powell is doing two things; i) he is referring to the latest shelter/OER (owner equivalent rent) inflation data as reported by the CPI and which is indeed soaring...
US equity markets were weaker into the FOMC statement after 'good' news from ADP on the labor market. The FOMC statement was met with euphoria in stocks as traders saw hopes for a 'pause' but Powell pissed in that punchbowl during the presser with the following exchange:
“the labor market continues to be out of balance, with demand substantially exceeding the supply of available workers” reinforces the notion that the Fed is looking at both employment and inflation as giving it plenty of reasons to keep tightening.
Powell reiterated previous comments that “at some point” it will become “appropriate to slow the pace of increases.”
But most notably pointed out that there is “significant uncertainty” around that end-point.
“We have some ways to go," adding that the ultimate level of the terminal rate may be higher than previously expected.
The Supreme Court is likely to rule that colleges may no longer consider race as a qualification for college applications.
This has been a problem in America for many years as colleges aim to admit racially diverse incoming classes and overlook test scores in the process.
Even Elizabeth Warren falsely claimed to be Native American to gain access to a job at an Ivy League school, earning her the name of “Pocahontas.” The SCOTUS 6-3 conservative-liberal majority is reconsidering Affirmative Action in general.
Justices Kagan and Jackson threw around the word “diverse” many times, but Clarence Thomas said that “diverse” has not been properly defined.
Thomas has long been a critic of Affirmative Action and believes it is in itself racist.
A.P. Moller-Maersk A/S, the world's largest owner of container ships and one of the best bellwethers for global trade, lowered its outlook for the growth of 2022 global container demand and warned next year could be worse.
Maersk's warning about a slowdown in container demand and economic turmoil ahead was conveyed in a third-quarter earnings report released today and in an interview by the company's top executive on Bloomberg.
The Copenhagen-based company lowered its outlook for the growth of 2022 global container demand to decline 2-4% from the previous estimate of plus or minus 1%. The forecast sent Maersk's shares tumbling nearly 6%.
Does gaslighting still represent an effective debate strategy in 2022, or does the public understand how the tactic works? We're about to find out this month as the midterm elections approach, but for now the political left has decided that instead of addressing the numerous problems that have arisen nationwide on their watch, they would rather pretend that those problems don't exist and anyone that says they do is a liar.
The View's Joy Behar is leaping into action to save Democrats, arguing that the nationwide spike in crime is not real and that the numbers have been inflated by the Republican party. Behar once again tried to distract from the main issue by mentioning the Jan 6th riot and suggests that protesters “tried to kill the vice president,” even though there was not a single death at the event attributed to the protesters. She then states that crime has actually gone down under Joe Biden.
“Republicans now, coming up to the next election all they do is talk about crime, crime, crime...I looked it up, murders in major cities have fallen by 4% so far in 2022, compared with the same period a year ago. So crime is not on the rise, it’s actually going down under Joe Biden.”
The United States said Wednesday it hoped officials in the next Israeli government would respect “the values of an open, democratic society” including minority rights, in striking comments as Benjamin Netanyahu looked set to return to power with the support of far-right allies.
The US relationship with Israel “has always been based on our shared interests, but importantly our shared values,” State Department spokesman Ned Price told reporters.
“We hope that all Israeli government officials will continue to share the values of an open, democratic society including tolerance and respect for all in civil society, particularly for minority groups,” he said.
Webmaster addition: We could use some of that 'open Democratic society' around here!
Former Prime Minister Benjamin Netanyahu said Tuesday that while he values input from the United States allies, he will not be dictated to when it comes to choosing his next coalition partners, adding that he will "not bow his head."
The comments came after election day exit polls showed that far-right lawmaker Itamar Ben-Gvir and his Religious Zionist party won a whopping 14-15 Knesset seats, making him a likely kingmaker in the next government.
In August of 2021, the Centers for Disease Control (CDC) pressured regulators at the Food and Drug Administration (FDA) to approve the first covid booster shot for Pfizer and Moderna WITHOUT clinical trials. The coercion took place even though the CDC was fully aware that “fully vaccinated” patients were filling up the ICUs.
According to a Freedom of Information Act (FOIA) request filed by Judicial Watch, the government’s internal emails show blatant collusion, coercion, and medical fraud occurring between the federal agencies. The emails show that there was a complete disregard for vaccine safety and efficacy at the highest levels of government. The agencies also admitted yet ignored evidence that the “fully vaccinated” were filling up ICUs.
CDC pressured the FDA to authorize emergency use vaccines that they knew were damaging the population
While the emails are mostly redacted, there is enough written correspondence to show that CDC officials wanted to force out vaccines on the population, without any clinical trials and even while the data showed that the vaccines weren’t working as initially propagated.
Sen. Elizabeth Warren (D-MA) reacted to Elon Musk owning Twitter by saying that “one billionaire in a very dark room” could be making decisions about what people are seeing on the social media platform, “based on whatever is running around in the middle of his head.” Warren didn’t seem to share this concern about the leftists running Facebook and Google, who make decisions about what people see on the internet through extensive censorship operations.
Lebanon has received requests from Germany and France to allow judges from the two countries to travel to Lebanon and launch a direct investigation into Central Bank Governor Riad Salameh, according to information obtained by Al-Akhbar.
The European judicial authorities reportedly want on-the-ground support from the Lebanese courts and security forces to investigate banks, companies, and individuals involved in Salameh’s corruption schemes.
According to the report, European officials are displeased with the “slow process” of Lebanese judges and are considering them “participants in these crimes,” particularly regarding money laundering accusations.
In response to the request by the EU member states, Beirut has asked that a Lebanese judicial delegation be allowed to go to their capitals and conduct direct investigations with the support of local authorities.
Neither France nor Germany have answered this request yet; however, Al-Akhbar claims that both nations are aware that “the Lebanese probe is no longer limited to Salameh and his close allies, but includes banks, bankers, and senior European financial figures, especially in France, Germany, and Switzerland.”
China's foreign ministry said on Wednesday that offices set up in the Netherlands were not police stations but rather centres to help Chinese citizens renew documents, a day after the Dutch government ordered their closure amidst a probe into their activities.
The Dutch government announced last week it would investigate whether the offices had been operating illegally on behalf of Beijing, following reports by RTL Nieuws and website "Follow The Money" that two such sites had carried out functions, including remotely renewing Chinese citizens drivers' licences without official diplomatic status.
The United States will allocate nearly four billion Philippine pesos ($70 million) to bolster the cooperative defense capabilities of the Philippines’ Armed Forces, a US official has revealed.
US Ambassador to the Philippines MaryKay Carlson said the budget would expand the Enhanced Defense Cooperation Agreement (EDCA) between the two allied nations, increasing infrastructure improvements at five additional military facilities.
“These improvements are designed to enhance cooperative defense capacities and support Humanitarian Assistance Disaster Response activities, in ways that best meet the needs of the [Armed Forces of the Philippines] and the Alliance,” Carlson said.
The U.S. government has funneled more than $1.1 billion in taxpayer dollars into Afghanistan since the Taliban took control of the country in August 2021 with minimal oversight or accountability according to the watchdog responsible for overseeing U.S.-led reconstruction efforts there.
A new report from the Special Inspector General for Afghanistan Reconstruction (SIGAR) notes that the watchdog, for the first time since it was established in 2008, is unable “to provide Congress and the American people with a full accounting of this U.S. government spending due to the non-cooperation of several U.S. government agencies.”
Those agencies include the United States Agency for International Development (USAID) and the Treasury Department, which “refused to cooperate with SIGAR in any capacity” during the watchdog’s regular audit of reconstruction efforts in Afghanistan. The State Department, which only shared “high-level funding data but not details of agency-supported programs,” still administers funds there.
“A State official has informed SIGAR that department staff have received internal direction to not engage with or speak to SIGAR without prior clearance from State legal counsel,’ the report states.
So, Turkish President Recep Tayyip Erdogan picks up the phone and calls his Russian counterpart Vladimir Putin: let’s talk about the “grain deal.” Putin, cool, calm and collected, explains the facts to the Sultan:
First, the reason why Russia withdrew from the export grain deal.
Second, how Moscow seeks a serious investigation into the – terrorist – attack on the Black Sea fleet, which for all practical purposes seems to have violated the deal.
And third, how Kiev must guarantee it will uphold the deal, brokered by Turkey and the UN.
Only then would Russia consider coming back to the table.
And then – today, 2 November – the coup de theatre: Russia’s Ministry of Defense (MoD) announces the country is back to the Black Sea grain deal, after receiving the necessary written guarantees from Kiev.
The MoD, quite diplomatically, praised the “efforts” of both Turkey and the UN: Kiev is committed not to use the “Maritime Humanitarian Corridor” for combat operations, and only in accordance with the provisions of the Black Sea Initiative.
Moscow said the guarantees are sufficient “for the time being.” Implying that can always change.
Special Forces Master Sgt. Richard Stayskal began having problems breathing in March 2017, and within months he was coughing up blood. Military doctors were unable to determine what was wrong but suspected that Stayskal was suffering from pneumonia or allergies. It was not until he saw a civilian pulmonary specialist that Stayskal learned he had lung cancer.
But nearly three years later, Stayskal, whose lung cancer is now at Stage IV, is still waiting for his medical malpractice claim to be resolved and he has been given no indication of how long the process will take.
Stayskal’s attorney filed his medical malpractice claim on Jan. 1, 2020. Since then, he said he has heard a variety of excuses about why his claim is still being considered, but the process has been so opaque that he is not sure what the real holdup is.
“It just feels like they can take an infinite amount of time, and let’s say 99 doctors agree that I was wronged, it was egregious, it was malpractice, it’s all clear, cut and dry; but they’re going to keep on going to no end to find the one that says: ‘Ah, no, no I totally disagree; that was never malpractice.’”
If this editorial by retired Col. Douglas Macgregor doesn’t scare the hell out of you, I don’t know what will. Macgregor cites an interview with former Gen. David Petraeus by France’s L’Express weekly. During the interview, Petraeus, the former director of the CIA, said it is time for the USG to directly confront Russia on the ground in Ukraine to prevent the fall of Zelenskyy and his government.
Admittedly, the whole business seems weird, but Petraeus’s suggestion should not be dismissed. Not because Petraeus’s military expertise warrants consideration—it doesn’t. Rather it merits attention because Petraeus would never make such a recommendation unless he was urged to do so by powerful figures in Washington and on Wall Street. And as Jeffrey Sachs tells Americans, globalist and neocon elites clearly want a direct armed confrontation with Russia.
Petraeus, according to Macgregor, “rose through the ranks by checking with everyone in a position of authority above him before doing anything,” making sure not to offend or challenge his superiors, and thus carving out a path to promotion.
Recall Iraq and Petraeus’ “coalition of the willing” that steamrolled over the sanctions-destroyed nation with little trouble. This is the mindset Petraeus is locked in. “Ukraine is not Iraq nor is the Russian Army an Iraqi-like force,” Macgregor warns.
American soldiers are now in Ukraine. Allegedly, they are there only to monitor what is happening to the arms deliveries from the US and NATO countries.
As previously reported, not all of the vast amount of heavy weapons sent by the West end up on the battlefield. Instead, some find their way into the weapons market where they are sold to who for who’s profit? The same with the money, much of which ends up in unintended pockets.
The US State Department’s explanation is that the US troops are in Ukraine, not to fight, but to “assist the government of Ukraine with handling US security assistance.” In other words, to identify and stop the theft of resources meant for war against Russia.
But why is this the job of uniformed troops?
Is this a way to sneak US uniformed soldiers into Ukraine and maneuver them into combat?
President Joe Biden and the rest of the Democrats have decided that it is best to shut their mouths ahead of the midterm elections, so they do not reveal how anti-American they have become.
They refuse to admit certain liberal concepts because they know that even their leftist supporters would disapprove of their stance.
Fox News reported, “The White House has emphasized the need to protect gender-affirming care for transgender youth, which it claims is ‘life-saving,’ but declined to comment if this includes sex-reassignment surgeries. House Majority Leader Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-N.Y., also did not respond to request for comment.
Several states have decided to ban the surgical practice altogether.
And the ban has caught the attention of Biden’s weaponized Department of Justice, which has threatened legal action because they believe it violates discrimination laws.
Former President Barack Obama warned on the campaign trail Tuesday that “demonizing” political opponents was going to cause people to “get hurt,” remarks that he made just a day before President Joe Biden demonized Republicans in an address to the nation.
The White House press secretary on Wednesday declared that it is the belief of the President that Republicans are "not going to accept the results of these elections." At stake on the Tuesday midterm ballot is the balance of power in both branches of Congress.
The GOP has been making gains in polls against their Democrat rivals, with contentious elections in Pennsylvania, Georgia, and Arizona, as well as in states where Democrats had reason to believe they had the results in the bag, such as Oregon, New York, and Washington.
Rep. Alexandria Ocasio-Cortez (D-NY) appeared to float a conspiracy theory Wednesday night after new Twitter CEO Elon Musk mocked her on the platform, suggesting without evidence that he disabled features on her account.
In what critics are calling a “dangerous escalation,” the United States is reportedly preparing to deploy up to six nuclear-capable B-52 bombers to northern Australia, where they would be close enough to strike China.
“The ability to deploy U.S. Air Force bombers to Australia sends a strong message to adversaries about our ability to project lethal air power,” the U.S. Air Force told “Four Corners,” a television program of the Australian Broadcasting Corporation (ABC), on Sunday.
Becca Wasser, a senior fellow at the Center for a New American Security, a Washington D.C.-based think tank, told ABC that “having bombers that could range and potentially attack mainland China could be very important in sending a signal to China that any of its actions over Taiwan could also expand further.”
The cynicism of “Congressional Progressive Caucus” Democrats was exposed in their humiliating retraction this week of a letter sent to President Joe Biden calling on him to engage in direct diplomacy with the Russian government.
After the backlash from Congressional Democrats, including some signers of the statement, in less than 24 hours, the mild statement signed by 30 of the 101 CPC members was replaced by a more hawkish message calling for “victory” in NATO’s war in Ukraine.
The Progressive Caucus are representatives from the largest urban centers, elected on promises to fight for reduced military spending and promote Medicare for All, a living wage, cancellation of student debt, a Green New Deal and an end to mass incarceration.
Their retraction clarifies, once again, that no antiwar message, even with a polite, nonthreatening voice, is permitted in the established two-party system. War funding consistently sails through Congress with almost unanimous votes. Essential social programs are symbolically proposed, then left in the dust.
Immigration and Customs Enforcement (ICE) said Wednesday that an illegal immigrant allegedly broke into the campaign office of Democrat gubernatorial candidate Katie Hobbs last week, despite her seeming attempt to blame it on her Republican opponent Kari Lake.
Congress has taken a huge step towards rolling out digital IDs for U.S. citizens, fulfilling the wishes of the World Economic Forum and Bill Gates, and there has hardly been a whisper about the major development in the mainstream media.
It’s almost as though the globalist elite have instructed their minions in the mainstream media to keep quiet about their plans for global domination.
Since the beginning of the pandemic, efforts have been underway to advance digital identification systems, including mobile driver’s licenses and vaccine passports. In 2020, the World Economic Forum (WEF) rolled out plans for its COVIDPass, which required users to have their blood screened at an approved COVIDPass laboratory.
Now, in the midst of a media blackout, a proposed national digital ID system for U.S. citizens is fast becoming a reality following a vote by the U.S. Senate Homeland Security and Governmental Affairs Committee to advance the Improving Digital Identity Act.