Wednesday, June 29, 2022
Equality..
Shrank..
The U.S. economy shrank at an annualized pace of 1.6% in the first quarter, reflecting a deeper contraction than previously reported.
The Bureau of Economic Analysis's third and final estimate of first-quarter GDP released showed a 1.6% annualized drop in economic growth to start 2022.
In the fourth quarter of 2021, real GDP increased 6.9%.
"The update primarily reflects a downward revision to personal consumption expenditures (PCE) that was partly offset by an upward revision to private inventory investment," the BEA said in its press release.
Personal consumption expenditures rose 1.8%, compared to the previously reported 3.1% increase.
While the latest GDP report pointed to a slowdown in economic growth, the headline figure was skewed by a jump in the U.S. goods trade deficit amid severe supply chain disruptions driven by Sanctions against Russia.
G7..
A bigger policy needed indeed...
The G7 the hard-working European/American leaders are making decisions against Russia which apparently hurting USA, Europe and the third world countries.
They made many decisions against Russia but in reality, these decision hurts the world including the G7. Higher prices of oil, shortage of food worldwide, and financial devastation all around.
Let us go for peace, let us save the world from the decisions that lead to oil prices out of control, Recession around the globe, and poverty in the world.
Who are we punishing here? Just a thought.
Tuesday, June 28, 2022
Numbers..
The President, the Unifier, as he promised on "Day One" cancelled the Keystone XL pipeline, followed by blocked drilling on federal land. No Drill, no Drill Period.
As a result, the price of gas doubled then tripled.
Then the Russia/Ukraine started. As a result a major decision must be taken. Sanctions on certain Russian energy. As a result the energy prices continued to increase.
That combined with the "Lie" of the Transitory Inflation.... and now we are here. Upside down. Just a thought.
Fatality..
At least 51 people died and several others remained hospitalized Tuesday after an abandoned tractor-trailer was found in San Antonio amid sweltering heat, in what officials are calling likely the nation's deadliest smuggling incident on record.
The driver of the truck and two other people were arrested, according to U.S. Rep. Henry Cuellar of Texas. He said the truck had passed through a Border Patrol checkpoint northeast of Laredo, Texas, on Interstate 35. Cuellar didn’t know if migrants were inside the truck when it cleared the checkpoint.
San Antonio Mayor Ron Nirenberg said the victims had "families who were likely trying to find a better life."
The International Organization for Migration, which is part of the United Nations, said 651 people died attempting to cross the U.S.- Mexico border in 2021 — the largest number since 2014.
Story..
Petro..
Inflation as measured by the (CPI) set a 40-year high in March 2022 amid COVID-19 supply disruptions. Crude oil prices were the highest in a decade as the U.S. cancelled to pipelines in USA and Germany, and imposed sanctions on Russia which disturb the flow of oil food, and fertilizers around the globe.
There was a strong correlation between inflation and oil prices during the 1970s. Costly renewable energy could re-strengthen the correlation between energy costs and a higher inflation rate.
A study by the Federal Reserve Bank suggested that if crude oil prices rose to $100 per barrel for three months, the spike would boost the annual inflation rate by 3 percentage. it has reached $120 and continue for a long time.
Energy accounted for about 7.3% of the CPI as of December 2021, including the index weighting of about 4% for energy commodities.1
Crude oil is a key ingredient in petrochemicals used to make plastic. So, more expensive oil will tend to increase the prices of many products made with plastic. Just a thought.
Hoodwink..
We hear repeatedly about the Inflation.... It is higher prices on many items we need to buy, food, baby formula, Gas, heatring homes... On other way, the 2 % raise you got on your salary last year, or the $15/hour success you achieve, you realy needed 9% raise just to saay afloat... Hand to mouth sort of thing.
Last year, the secretary of treasury indicated that the inflation is transitory, after the President cancelled the Keystone xl pipeline and indicated no more drilling in Federal land.
The secretary of treasury is an experienced woman and served in many other related positions including the Federal Reserve chief. She is well versed in the issue and gets paid around $200,000 to do her job.
So who told her to hoodwink it this time?
The outcome here is not too short of "Fleecing of America". The poor people and not the so poor. All kind of people and specifically what Mr Biden called them" You ain't black."
Just a thought.
Monday, June 27, 2022
The brunt..
The war against Ukraine and sanctions on Russia are hitting economies around the globe, with emerging market and developing countries in the Europe and Central Asia region expected to bear the brunt, says the World Bank’s latest Economic Update for the region, released today.
The region’s economy is now forecast to shrink by 4.1 percent this year, compared with the pre-war forecast of 3 percent growth, as the economic shocks from the war compound the ongoing impacts of the COVID-19 pandemic.
Ukraine’s economy is expected to shrink by an estimated 45.1 percent this year, although the magnitude of the contraction will depend on the duration and intensity of the war.
Hit by unprecedented sanctions, Russia’s economy has already plunged into a deep recession with output projected to contract by 11.2 percent in 2022.[ May be]
“The magnitude of the humanitarian crisis unleashed by the war and the sanctions is staggering. The Russian invasion is delivering a massive blow to Ukraine’s economy and it has inflicted enormous damage to infrastructure,” said Anna Bjerde, World Bank Vice President for the Europe and Central Asia region.
The war has added to mounting concerns of a sharp global slowdown, surging inflation and debt, and a spike in poverty levels. The economic impact has reverberated through multiple channels, including commodity and financial markets, trade and migration links and adverse impact on confidence.
Copper..
Investors look to copper prices as a bellwether for the global economy.
Copper prices hit 16-month lows as traders dumped the metal.
"Copper prices are just starting to account for the fact that global growth is slowing," Daniel Ghali, director of commodity strategy at TD Securities, said.
The metal is used in many construction materials, including electrical wires and water pipes. That means it's often viewed as a proxy for economic activity. It's affectionately referred to as "Dr. Copper" among traders because of its alleged talent for prognostication.
Earlier this year, after Russia invaded Ukraine, the price of copper shot up, along with other major metals. But then, sanction on Russia inflamed more Inflation, rising interest rate to control inflation... Just a "Visious Cycle" thought
Oslo..
Terrified revellers at a gay bar in Oslo hid in a basement and desperately called loved ones as a gunman went on the rampage, killing two people and injuring more than 20 on the day the city was due to celebrate its annual Pride parade.
The attack took place in the early hours of Saturday, with victims shot inside and outside the London Pub, a longstanding hub of Oslo's LGBTQ scene, as well as in the surrounding streets and at one other bar in the center of the Norwegian capital.
Just a thought.
Draconian..
Census Bureau report shows which cities and towns have gained population and which have lost it. The data demonstrate that the states and cities that imposed the most draconian COVID-19 restrictions were very likely to lose population.
What towns and cities gaining population generally have in common both before and during COVID-19 is that they generally live under laws made by Republicans. What towns and cities losing population have in common is that they generally live under Democratic rule.
It is hardly a coincidence that all 15 of the 15 fastest-growing cities and towns between July 2020 and July 2021 are in states that Republicans govern: Arizona, Texas, Florida, Tennessee, and Idaho. And 14 out of the 15 fastest-declining cities during the same period were in states that Democrats governed at the time.
COVID-19 helped bring out the totalitarian side of many state and city governments, driving away and keeping away many former and prospective residents. The Democratic states that were once the biggest draw (Colorado and Washington, a state with no income tax) dropped off the growth lists thanks to COVID-19.
Rules..
WE ALWAYS HEAR 'THE RULES' FROM THE FEMALE SIDE
Now here are the RULES FROM THE MALE side;
1. MEN ARE NOT MIND READERS.
2. LEARN TO WORK THE TOILET SEAT. YOU'RE A BIG GIRL. IF IT'S UP, PUT IT DOWN. WE NEED IT UP, YOU NEED IT DOWN. YOU DON'T HEAR US COMPLAINING ABOUT YOU LEAVING IT DOWN.
3. CRYING IS BLACKMAIL.
4. ASK FOR WHAT YOU WANT. LET US BE CLEAR ON THIS ONE:
SUBTLE HINTS DO NOT WORK!
STRONG HINTS DO NOT WORK!
OBVIOUS HINTS DO NOT WORK!
JUST SAY IT!
5. YES AND NO ARE PERFECTLY ACCEPTABLE ANSWERS TO ALMOST EVERY QUESTION.
6. COME TO US WITH A PROBLEM ONLY IF YOU WANT HELP SOLVING IT. THAT'S WHAT WE DO. SYMPATHY IS WHAT YOUR GIRLFRIENDS ARE FOR.
7. ANYTHING WE SAID 6 MONTHS AGO IS INADMISSIBLE IN AN ARGUMENT. IN FACT, ALL COMMENTS BECOME NULL AND VOID AFTER 7 DAYS.
8. IF YOU THINK YOU'RE FAT, YOU PROBABLY ARE. DON'T ASK US.
9. IF SOMETHING WE SAID CAN BE INTERPRETED TWO WAYS AND ONE OF THE WAYS MAKES YOU SAD OR ANGRY, WE MEANT THE OTHER ONE.
10. YOU CAN EITHER ASK US TO DO SOMETHING OR TELL US HOW YOU WANT IT DONE. NOT BOTH.
IF YOU ALREADY KNOW BEST HOW TO DO IT, JUST DO IT YOURSELF.
11. WHENEVER POSSIBLE, PLEASE SAY WHATEVER YOU HAVE TO SAY DURING COMMERCIALS.
12. CHRISTOPHER COLUMBUS DID NOT NEED DIRECTIONS AND NEITHER DO WE...
13. ALL MEN SEE IN ONLY 16 COLOURS, LIKE WINDOWS DEFAULT SETTINGS..
PEACH, FOR EXAMPLE, IS A FRUIT, NOT A COLOUR. PUMPKIN IS ALSO A FRUIT. WE HAVE NO IDEA WHAT MAUVE IS.
14. IF WE ASK WHAT IS WRONG AND YOU SAY 'NOTHING,' WE WILL ACT LIKE NOTHING'S WRONG. WE KNOW YOU ARE LYING, BUT IT IS JUST NOT WORTH THE HASSLE.
15. IF YOU ASK A QUESTION YOU DON'T WANT AN ANSWER TO, EXPECT AN ANSWER YOU DON'T WANT TO HEAR..
16. WHEN WE HAVE TO GO SOMEWHERE, ABSOLUTELY ANYTHING YOU WEAR IS FINE... REALLY.
17. DON'T ASK US WHAT WE'RE THINKING ABOUT UNLESS YOU ARE PREPARED TO DISCUSS SUCH TOPICS AS FOOTBALL, RUGBY, CRICKET OR MOTOR SPORTS.
18. YOU HAVE ENOUGH CLOTHES.
19. YOU HAVE TOO MANY SHOES.
20. DON'T KEEP ASKING ME TO GET IN SHAPE - I AM IN SHAPE. ROUND IS A SHAPE!
I KNOW, I HAVE TO SLEEP ON THE SOFA TONIGHT. BUT DID YOU KNOW MEN REALLY DON'T MIND THAT? IT'S LIKE CAMPING...
Friday, June 24, 2022
Honesty..
He told us that our allies had no problem with our hasty departure from Afghanistan.
Biden told us that the surging number of migrants we were witnessing at our country’s southern border was nothing out of the ordinary.
He told us that he “wouldn’t demand that [COVID vaccines] be mandatory.”
He assured us that if we were vaccinated, the chances were near zero that we would get sick enough to have to be hospitalized. Then he said the unvaccinated are a danger to those of us who have been vaccinated. This raises a question: “Huh?”
That’s just a sampling of President Biden’s misinformation. But Biden has been in office less than a year, give the man time to cause the next recession. Just a thought.
Harlem..
The shooting comes amid national concern over gun violence and as the U.S.
Boast..
President Joe Biden’s administration faces a double disaster after its Ukraine miscalculation, namely a US recession and a second strategic humiliation in the space of a year.
The US economy is almost certainly in recession, while oil prices drive inflation that has cut workers’ real pay by about 6% year on year.
Washington’s earlier boasts of driving Russian President Vladimir Putin from power, destroying Russia’s capacity to make war and halving the size of the Russian economy look ridiculous in retrospect.
Russia meanwhile earned a record €93 billion (US$97 billion) from energy exports during the first 100 days of the war, a Finnish study concluded.
China and India, which refused to join Group of Seven sanctions against Russia, reportedly are buying oil at a discount of $30 to $40 per barrel, while American and European consumers are paying the full price $120 if they can find it.
Just a thought.
Inserection..
Capitol Police said Friday that officers detained seven unauthorized people in a congressional office building Thursday night and charged them with unlawful entry.
The people identified themselves as being affiliated with CBS' “Late Show with Stephen Colbert,” a person familiar with the matter told The Associated Press.
Capitol Police said they received a call about a disturbance in the Longworth House Office Building around 8:30 p.m. “Responding officers observed seven individuals, unescorted and without Congressional ID, in a sixth-floor hallway,” the agency said in a statement. “The building was closed to visitors, and these individuals were determined to be a part of a group that had been directed by the USCP to leave the building earlier in the day.”
The USCP statement said the case remains “an active criminal investigation, and may result in additional criminal charges.” Capitol Police.
This is a laissez faire type of service to the US Capital. Just an "Inserection" thought.
Subrime..
The causes of the Great Recession began with the bursting of the United States housing bubble in 2005–2012. Homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined, causing several to collapse or be bailed out in September 2008. This 2007–2008.
The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and spending, resulted in the Great Recession that began in the U.S. officially in December 2007 and lasted until June 2009, thus extending over 19 months.
As with most other recessions, it appears that no known formal theoretical or empirical model was able to accurately predict the advance of this recession.
Housing- Banks, Stock Market, Unemployment. Is this happening again in 2022?
Just a thought.
Bidenomics..
The current inflation, the high prices of gas, the trouble in the Russia/Ukraine conflict, the sanctions on Russia that is creating shortage of food worldwide, the collapse of the US stock market, 8 Trillion dolars so far, and the coming Recession are manufactured deliberately by the Democratic Party in such a short period of a year and a half.
Best of luck. Just a thought.
Thursday, June 23, 2022
Lost..
The Supreme Court struck down New York state’s system for issuing concealed weapons permits, ruling that the century-old law requiring that applicants demonstrate “proper cause” and “good moral character” violates the Second Amendment.
The 6-3 decision, New York State Rifle & Pistol Association Inc. v. Bruen, marks the widest expansion of gun rights since 2010, when the court applied nationwide a 2008 ruling establishing an individual right of armed self-defense within the home. It puts in question similar laws in at least eight other states and the District of Columbia, where authorities hold substantial discretion over issuing concealed-weapons permits.
Elected officials in New York said they were worried about the implications of the court ruling against the permitting system. New York City Mayor Eric Adams, a former police captain, said it would make policing more difficult if more people were allowed to carry guns. “This is not the wild, wild West,” he said earlier this month.
The New York Democratic Politicians and their advisors are oblivious of the United Stated Constitution. Just a thought.
Ruble..
Russian ruble continues to rise against the dollar, making it the best-performing currency in the world this year.
Three months after the ruble's value fell to less than a U.S. penny amid the toughest economic sanctions imposed on a country in modern history, Russia's currency has mounted a stunning turnaround. The ruble has jumped 40% against the dollar since January.
"It's an unusual situation," said Jeffrey Frankel, professor of capital formation at the Harvard Kennedy School.
The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.
Another failure of the sanctions against Russia. Obviously, the sanctions are exacerbating the food shortage, supply chain, oil prices and finally Inflation.
Just a thought
Tuesday, June 21, 2022
Action..
- Cancel the Keystone XL pipeline
- Cancel Drilling on Federal Land
- Cancel Nord Stream 2 Pipeline
- Cancel Russia's energy production.
- Sanctions on Russia.
Blame..
Surprise..
One can think that the Russia/Ukraine war started few weeks after the first Anniversary of this president's failed agenda all around.
Many of US diplomats have been going back and forth to the Ukraine and the region with variety of messages that no-one knew what the messages were. But for sure, Poland announced sending fighter jets to American base in Germany to be forwarded to Ukraine, and all of s sudden everyone is going to poland to say noooooo...........
The Failure is not a surprise, the war is. Just a thought.
Drill..
Germany's BDI industry association slashed its economic growth forecast for 2022 on Tuesday to 1.5%, revising it down from 3.5% expected before the war. It said a halt in Russian gas deliveries would make recession inevitable.
Russian gas is still being pumped via Ukraine but at a reduced rate and the Nord Stream 1 pipeline under the Baltic, a vital supply route to Germany, is working at just 40% capacity, which Moscow says is because Western sanctions are hindering repairs.
Monday, June 20, 2022
Goal..
To keep the Russia-Ukraine crisis a long way from ending is a clear goal of the US.
As the US and the EU are considering more sanctions against Russia after the unverified alleged "war crimes" in Bucha were exposed. Analysts said on Tuesday that sanctions will not end the crisis but would bring huge harm to both the EU and Russia, especially Germany, the biggest EU economy.
The US will benefit the most, and this would be a big and hard test for EU leaders on how to balance the economy and handle the ongoing crisis.
Since the collapse of Biden's domestic agenda, the Democratic President wants this war to continue, even if the Inflation exacerbated, Recession occurs in USA and EU, world economic collapse, and poverty and famine in the poor countries continues.
Just a thought.
Sunday, June 19, 2022
Boom..
No Got it..
So here is the Inflation, higher prices on everything from housing to oil, gas, food. The Federal Reserve started to increase the interest rate to adjust the inflation from over 8% to 2%. The interest rate increased by 1.25% and Federal Reserve also is withdrawing close to 100 billion Dollars monthly from the previous quantitative easing.
As a result, the stock market lost Eight (8 ) Trillion dollars already.
One thing is still out there that is interfering with adjusting down the inflation is the Sanctions placed on Russia that is impacting free trade of the oil-gas, and the cancellation of the Keystone XL pipe line and the Nord Stream 2 in Europe. etc.
The outcome will be the worst ever in USA, Europe and poor nations around the globe.
Just a thought.