Elon Musk went scorched-earth today during The New York Times Dealbook Summit in New York. It was incredible. While he apologized for his “dumbest” ever social media post that critics say was anti-Semitic, Musk slammed advertisers for exiting the social media platform. He told Andrew Ross Sorkin: “I don’t want them to advertise. If someone […]
Make Argentina Great Again: Javiel Milei says shutting down central bank is ‘non-negotiable’
Newly-elected President of Argentina Javier Milei is actually going through with a promise central to his election campaign: shutting down the central bank. Here is a statement from his office:
Monthly mortgage payments soar to $3,000
The rule of thumb is that your monthly shelter costs should represent no more than 30 percent of your household budget. Well, according to new data, many households are spending more than half of their incomes on putting a roof over their heads, whether they rent or own. Monthly mortgage payments are now $3,000. Of […]
U.S. manufacturing is in a recession despite Bidenomics’ corporate welfare
President Joe Biden has spent and borrowed trillions of dollars to resuscitate America’s manufacturing sector. The results have been abysmal so far. The Institute for Supply Management has revealed the industry has been contracting for more than a year. The S&P Global PMI confirmed that manufacturing is in a recession. In November, the PMI print […]
Atlanta Fed GDPNow estimate for Q4 revised higher despite hard crash in durable goods orders
Durable goods orders crashed — and crashed hard in October. Yet, the top GDP forecast revised its fourth-quarter estimate higher. In October, according to the Census Bureau, durable goods orders plummeted 5.4 percent, down from the downwardly revised 4 percent in September. This was worse than the market estimate of -3.1 percent. For whatever reason, […]