Cavalry..

 

Today's CPI inflation report shocked Wall Street and the nation with a significantly higher than expected print.

After several years of excessive federal spending, regulating, taxing and money-printing, the highest inflation in 40 years is deeply embedded in the economy and it is spreading. 

Overall, the topline CPI came in at 8.3% for the year — food up 11.4%, even energy is still up 24%. Electricity is up 16%; natural gas 33%; new cars 10%. Even with the recent drop, gasoline is still 26% above a year ago. 

There is another approach here that would help save America from a truly deep recession. Move to the supply side. Cut tax rates. Open the fossil fuel spigots. Stop the regulatory stranglehold on business. Start rewarding success instead of punishing it. Implement workfare to bring over 4 million people back into the labor force. 

Unfortunately, the big-government socialists in the Biden administration don't understand any of this. Their woke progressive thinking has done great damage. It's an utter failure. 

The good news is Americans know this. That's why the cavalry is coming.  Just a thought.

CPi

 

The yearly pace of inflation declined slightly to 8.3% in August, the Labor Department said. But the core Consumer Price Index, which is considered a better measure of long-term trends, showed a larger-than-expected increase, rising 6.3% compared to a year ago.

U.S. stocks nosedived Tuesday after a surprising inflation report showed prices rose more than expected last month.

The Bureau of Labor Statistics released the Consumer Price Index (CPI) for August early Tuesday, which showed prices rose 8.3% over the prior year and 0.1% over the prior month. Economists had expected an 8.1% increase in inflation over last year and a decline of 0.1% over the prior month. Just a thought.

Fountain..

 

Put on your walking shoes and don't forget your step counter: You can reduce your risk for cancer, heart disease and early death by getting up to 10,000 steps a day, but any amount of walking helps, according to a new study.

Physical activity is just absolutely magnificent. And when if you blend that with eating a more plant-based diet, de-stressing, sleeping enough and connecting with others -- that's your magic recipe. It's the fountain of youth, if you will."

Del Pozo Cruz and his team recently published a similar study that found walking 10,000 steps a day lowered risk for dementia by 50%. Risk decreased by 25% with as few as 3,800 steps a day, according to the previous study. Just a thought.

Queen..

 

Unity..

 

Falsehood..

 

The United States secretly manufactured biological weapons in Ukraine. It trained birds to carry pathogens into Russia. It created Covid-19. It operated laboratories in Nigeria that engineered this year’s outbreak of monkeypox.  

The many falsehoods that the Kremlin has spread since the war in Ukraine began more than six months ago, some of the most outlandish and yet enduring have been those accusing the United States of operating clandestine biological research programs to wreak havoc around the globe. 

The United States and others have dismissed the accusations as preposterous, and Russia has offered no proof. Yet the claims continue to circulate. Backed at times by China’s diplomats and state media, they have ebbed and flowed in international news reports, fueling conspiracy theories that linger online.

Dump..

Bed Bath & Beyond exec Gustavo Arnal didn’t say a word to his wife before apparently leaping to his death from their swank, 18th-floor apartment in Lower Manhattan, The Post has learned.

On Aug. 16, Arnal sold 55,013 shares in Bed Bath & Beyond, Reuters reported Sunday.

The move came shortly before Bed Bath & Beyond said it would close 150 stores and lay off about 20% of its 32,000 workers as part of a restructuring plan to boost its money-losing business.

When Arnal died, he was facing a $1.2 billion “pump-and-dump” stock fraud suit that had been filed against him about two weeks ago.  Just a "Dump" thought.

Unifier..

 

Crash .

 

Russia's cuts to natural gas supplies to Europe  [European Sanction and Russian Sanctions inturn], have raised fears of a "Lehman Brothers moment" for the energy sector.

Escalating power prices have sent collateral requirements soaring for energy companies that hedge their sales in futures markets. Estimates for these margin calls top $1.5 trillion.

Kristian Ruby, secretary general of power industry at Eurelectric, told Insider. "It's the situation that's rotten that's been triggered by a targeted disrupt of the market." 

By contrast, the subprime mortgage crisis nearly two decades ago saddled banks with toxic assets. For Lehman Brothers, it triggered a bankruptcy filing after talks to arrange a rescue failed. This time the people are paying dearly for it in USA and Europe.

Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54%, a change that will significantly burden millions of households already squeezed by rapidly climbing bills.

Cause and Effect.  Just a thought.

Mackinzie..

While celebrities and entrepreneurs are busy buying lavish properties and homes, Jeff Bezos’s ex-wife Mackenzie Scott has decided to do just the opposite. She has pledged to donate her uber-chic Beverly Hills home to the Californian Community Foundation – a non-profit based out of Los Angeles.

 The Community confirmed her recent giveaway of “two single-family residences valued at $55 million. 

Ninety percent of the property’s sales will go toward the organization’s affordable housing efforts. The remaining will be used from its immigrant integration program to “advance opportunities for the millions of immigrants from throughout the world who call Los Angeles County home.”