Ponzi markets soaring on falsified inflation data, while the underlying economies are in free-fall. One of these things is not like the other.

by Boo_Randy

Bleak midwinter of STRIKES: Union barons plot to bring Britain to its knees as 100,000 civil servants, thousands of nurses and rail workers and 1,000 bus drivers and set to down tools in run-up to Christmas

• 100,000 civil servants including driving test examiners, border force workers and Jobcentre staff to walk out
•  Train drivers at 12 operators to strike on November 26 in the long running dispute over pay, Aslef announced
• Tube and London Overground staff have walked out today crippling London’s transport network again
• Almost 1,000 bus drivers in London are to stage a series of strikes over pay. Tens days of action is planned
• Postal staff to take national strike action on three days at the end of November and another day in December

Subprime auto delinquencies are a leading indicator of a housing bubble crash. If you can’t make your car payment, you sure as hell won’t be able to cover your rent or mortgage.

Subprime auto ABS spreads have blown out as delinquencies climb.

Source: @markets, @ScottJourno, @ArroyoNieto pic.twitter.com/PhMKuthxHd

— (((The Daily Shot))) (@SoberLook) November 9, 2022

The Wall Street-Federal Reserve Looting Syndicate is using our fake, Soviet-style CPI inflation stats to juice its Ponzi markets and lure the retail investor muppets into the rigged casino for a final fleecing…as the implosion of Housing Bubble 2.0 gathers force. I’ll take a hard pass.

BREAKING NEWS:

CREDIT CARD INTEREST RATES IN THE UNITED STATES SOAR TO THE HIGHEST THEY’VE BEEN IN 30 YEARS

Credit card debt also at record highs… $930 billion.

— Gold Telegraph ⚡ (@GoldTelegraph_) November 10, 2022

Consumer Sentiment Crashes Back Down Toward Four Decade Lows

The views of U.S. consumers about the economy turned much grimmer in the first weeks of November, the University of Michigan’s consumer sentiment survey showed on Friday.

The index of consumer sentiment fell about nine percent to a reading of 54.7 in the preliminary November reading, pulled down by a much more negative view of current economic conditions.

The index that tracks the assessment of current conditions dropped by nearly 12 percent to 57.8 from 65.6. The index of expectations fell six percent 52.7 percent.

Going on the record here. DEPRESSION (as in Great Depression II) is a word that we are going start seeing a lot of as 2023 unfolds. This economy is toast without free money.

— Lawrence Lepard, “fix the money, fix the world” (@LawrenceLepard) November 11, 2022