The counter-revolution continues. No other Western nation is coming close to achieving what Trump has done in his first month back in office.
Trump continues to reverse Biden/Obama green policies
Trump Is Turning Off All 8,000 EV Chargers at All Federal Government Buildings
Electric vehicles are “not mission critical,” said the Trump administration, which has ordered all EV chargers located at federal buildings to be shut down nationwide and newly purchased EVs to be offloaded. This comes on the heels of pausing already-promised EV infrastructure funding.
The U.S. General Services Administration, or GSA, is the federal agency responsible for contracts and procurement as they relate to the government’s real estate, IT, products, and equipment, which includes vehicles. According to The Verge, there are several hundred charging stations managed by the GSA, which amounts to roughly 8,000 charging ports across the country. And they now they’re going to be turned off.
“As GSA has worked to align with the current administration, we have received direction that all GSA owned charging stations are not mission critical,” said an agency email viewed by The Verge. “Neither Government Owned Vehicles nor Privately Owned Vehicles will be able to charge at these charging stations once they’re out of service.”
These EV chargers were available for government-issued EVs as well as those personally owned by federal employees. An internal announcement is scheduled to be made next week. However, some federal offices have already been instructed to take their chargers offline.
The Verge reports that under the Biden administration, gas-powered vehicles were being phased out in favor of electrification. The GSA currently manages a fleet of approximately 650,000 vehicles—more than half of which were slated to be replaced by EVs.
In a March 2024 press release, the GSA announced that more than 58,000 zero-emission vehicles had been ordered and that more than 25,000 new charging ports had begun installation. Actually, how many ZEVs were received and chargers installed between then and now is unclear.
What happens to the disconnected EV chargers isn’t known. What happens to the recently purchased EVs is also one big shrug emoji. They will be offloaded from the fleet, yes, but whether they are sold or simply put into storage is anyone’s guess at the moment. And will they be replaced with gas-powered vehicles? If so, will the gas cars be resurrected older vehicles or new ones that require additional agency spending? Can they at least be hybrids because gas is expensive again?
Another question mark is whether other federal agencies will follow suit. The Verge says that many of them use the GSA-managed EV chargers. If those are out of service, where’s a federal, law enforcement, or military EV supposed to go?
The first thing you see on the GSA website is its motto: “Delivering effective and efficient government services for the American people.” However, given that there’ll be 8,000 fewer chargers for thousands of existing government-issued EVs that could now be stranded or see increased costs, the GSA seems to be doing the opposite.
There goes Apple shares and Apple products down the craphole:
https://www.cnbc.com/2025/02/25/apple-annual-shareholder-meeting-2025-.html
DEI leads to ruin as history has proven. Remember go woke go broke. Time to sell your Apple shares while the going is good. I guess that’s why Warren Buffet cashed out of Apple.
That’s not a real big issue. AAPL shares have been doing extremely well and Buffett made a poor choice to sell when he did. He equivocates in his latest shareholder letter about his cash holdings, but he struck out selling AAPL and BAC when he did.
As Tim Cook said, the shareholder vote really means little. Federal legislation and laws as well other factors dictate this course.
Keep in mind the majority of shares are owned in street name, discreetly, and are most likely the synagogue of Satan holdings. They will always vote for DEI and gun control. The Jews love both.
Solid numbers.
FHFA House Price Index (YoY) (Dec)
Act: 4.7% Cons: Prev: 4.5%
FHFA House Price Index (MoM) (Dec)
Act: 0.4% Cons: 0.2% Prev: 0.4%
FHFA House Price Index (Dec)
Act: 436.1 Cons: Prev: 434.3
S&P/CS HPI Composite – 20 s.a. (MoM) (Dec)
Act: 0.5% Cons: Prev: 0.4%
S&P/CS HPI Composite – 20 n.s.a. (YoY) (Dec)
Act: 4.5% Cons: 4.4% Prev: 4.3%
S&P/CS HPI Composite – 20 n.s.a. (MoM) (Dec)
Act: -0.1% Cons: Prev: -0.1%
It looks like the best of both worlds for the asset owners,
•Rising inflation concerns.
•A Federal Reserve that may resume cutting interest rates.
The wealth consolidation continues right under our noses while everyone screams collapse. Congratulations, fellow landlords. Rents will continue moving higher.
Landlords, please remember. Over the past five to six years, minorities, especially blacks, have become much more difficult to deal with. I have observed that they have become much more openly hostile and will make Caucasian landlords’ lives more difficult. To my fellow Caucasians, rent to Caucasians and strategically unload properties that are in predominantly minority areas. You’ll thank me later.
In 2020, and in the wake of covid, Prince George’s County passed extremely onerous landlord laws that
1) cap rent increases to CPI + 3%. Unfortunately, I didn’t raise the rent on my black tenants for as much as 8 or 9 years. Then I was caught off guard with the amount of massive price increases. I am now stuck with low rents and the black tenants refuse to pay more than what PG states.
2) I can’t kick out a tenant, except for an adjudicated eviction. This creates a huge burden for sophisticated landlords. Thus, as long as I own my properties in Prince George’s, I can’t charge more rent than allowed and I can’t kick out the low lives. What’s worse, is that some of them have begun to smoke marijuana openly in the property and around the yard. I can’t do a thing. Blacks love to smoke marijuana and they don’t care what I think anymore, even though the lease says it’s grounds for an eviction.
3) in Prince George’s, if I decide to sell the property, because I can’t deal with the tenants and the meager cash flows, the tenants have right of first refusal to purchase the property. This ends up dragging on for 6 to 12 months.
What’s horrible is that they trash the places, which require tens of thousands of dollars in repairs and upgrades to make it whole, then they demand I sell it to them for pennies on the dollar. This is only true in black jurisdictions with black tenants. Thank God I was able to unload most of my PG properties over the past couple years. It’s getting worse in the black jurisdictions and the blacks hide behind laws. My white tenants pose no problems. They pay close to full market and they are so good with the properties. It is a breath of fresh air to deal with like kind people.
I have been trying for almost a year to evict a tenant from my last condo in PG. They keep stalling and it’s difficult for me, as a white person, to play hardball with a black tenant. This family makes about $150,000 a year, but that doesn’t matter.
The lowlife tenant will more than likely destroy your property if you notify them that you want to sell the property as required by law and they can’t afford to buy it. Most of these lowlife tenants rent because they can’t afford to own the property.
Fed expected to respond strongly to inflation, job market conditions, research shows
SAN FRANCISCO (Reuters) – Investors and economists expect the U.S. central bank to respond “strongly and systematically” to changes in inflation and the labor market, according to research published on Monday by the San Francisco Fed that underscores the current sensitivity of financial markets to U.S. economic data.
The Fed’s perceived responsiveness to economic data picked up notably in 2022, driven first by inflation data and, last year, by labor market data, based on the analysis of perceptions embedded in professional forecasts and in bond market moves published in the regional Fed bank’s latest Economic Letter.
The findings are in line with the Fed’s actual response to inflation, which rose in 2021 but did not trigger any interest rate hikes until 2022. They also track with the Fed’s reaction to labor market data, which weakened notably in the middle of last year and helped drive the Fed’s decision to cut the policy rate by a full percentage point starting last September.
The Fed’s target policy rate is currently in the 4.25%-4.50% range. Recent weaker economic readings, including a survey released on Friday showing business activity fell to a 17-month low this month, have helped firm up market bets on two quarter-percentage-point reductions to the policy rate this year.
Worries about stalling economic growth appear to be outweighing fears of a resurgence in inflation, also evident in recent surveys, at least as far as market bets on how the Fed will react with monetary policy.
Interest rate futures contracts are currently priced for the first Fed rate cut this year to come in June, with the second to happen as early as October.
Bitcoin has gotten crushed. I just purchased 0.05 Bitcoin. If it falls more, I’ll purchase a little bit more.
BTC trivia:
Chinese gov still owns 194k BTC
US gov owns 205k BTC
Microstrategy owns 478,740 BTC as of 12FEB25. Last purchase was 12FEB – 7,633 coins at an average coin cost of $97,255
Since MSTR kicked off its strategy in 2020,
Sats Per Share have soared by 760.73%.
Back then, the stock was $12 per share; now it’s hit $256 per share—a 21.33x increase.
Meanwhile, Bitcoin started at $10,200 and has climbed 8.4x
If past is prologue when a person uses Mstr as a proxy to hold btc, they increase their % holdings of btc per $ invested versus holding btc outright
The stock peaked at $543 on Nov. 21, after more than doubling following the Nov. 5 election of President Donald Trump and the broad rally in cryptocurrencies that triggered.
The recent selloff in MicroStrategy stock, however, has been notably steeper than Bitcoin’s, reflecting the company’s financial leverage and its tendency to move more than Bitcoin in percentage terms on the way up and down. Bitcoin is down about 20% from its January high of close to $108,000.
Barron’s estimates that the MicroStrategy’s so-called Bitcoin premium — the ratio of the company’s value to its Bitcoin holdings — has declined. The stock now trades at about 1.7 times the Bitcoin value, from a peak of three times in late November, we estimate.
Before 2024, the company traded at close to parity with its Bitcoin holdings, making last year’s large premium an anomaly. Barron’s highlighted the risk in MicroStrate gy in early December when the stock traded near $400 and for 2.5 times the value of its Bitcoin.
Here is the math behind the premium. The company has 260 million shares outstanding now worth about $65 billion plus roughly $8 billion of convertible debt, and a software business worth about $1 billion. It also has about $650 million of preferred stock outstanding. The company’s Bitcoin holdings are now worth about $43 billion.
With the premium contracting, it becomes less advantageous for MicroStrategy to acquire Bitcoin. The company measures this through what it calls Bitcoin yield, or the percentage change in its Bitcoin holdings relative to its shares outstanding.
The company puts its Bitcoin yield at 6.9% so far in 2025. It was 74% last year.
It’s possible that the premium will continue to contract if investors continue to cool on the stock and balk at the still-sizable premium. The company has been on a Bitcoin buying tear since the end of the fourth quarter, doubling the size of its Bitcoin holdings using proceeds from stock, bond and preferred stock sales, spending close to $25 billion.
The company’s most recent Bitcoin purchases came at an average price of about $97,500. With the recent drop in Bitcoin, MicroStrategy’s gains on its Bitcoin holdings are eroding, as its average cost is about $66,300.
Trump’s numbers still looking good, despite what James Carville says.
NEW POLL: Trump Approval Rating 9 Points Above Water — Doing Well With Hispanics, Women, and Suburbia
Feb 24th, 2025, 11:39 am
A stunning new Harvard-Harris poll conducted this month found that President Donald Trump’s approval rating is 9 points above water.
According to the survey of 2,443 registered voters, 52% of the electorate approves of Trump’s performance in office thus far — with 33% indicating they “strongly approve” and another 19% saying they somewhat approve. Forty-three percent, meanwhile, say they disapprove of Trump, with 32% strongly disapproving and 11% somewhat somewhat disapproving.
What’s more is that Trump is performing well with certain key constituencies he has struggled with at various other points in his political career. More independents (45%-44%), women (47%-45%), Hispanics (50%-43%), Asians (47%-46%), and suburbanites (50%-46%) approve than disapprove of the president.
His favorability rating, which currently sits at 50%-43%, also stands in stark contrast to most of the key figures in the Democratic Party, including former President Joe Biden (34%-58%), former Vice President Kamala Harris (39%-53%), Rep. Alexandria Ocasio-Cortez (25%-38%), and Senate Minority Leader Chuck Schumer (23%-41%).
https://www.mediaite.com/news/new-poll-trump-approval-rating-9-points-above-water-doing-well-with-hispanics-women-and-suburbia/
Hail Caesar!
Check out this Trump gaza video
https://twitter.com/i/status/1894615915255210430
Did you notice the tall golden statue of trump? Reminds me of Nebuchinazer golden statue in book of Daniel! Hmm…
Yes very interesting. We are definitely entering into some strange time. Everything is demented.
Heil Hitler
Hitler is not what he seems!
Trump helping to dollarize Venezuela, too. Chevron’s oil production in Venezuela is sold in dollars and those dollars are put back into Venezuela’s economy. This is an auspicious outcome for Venezuela. If Trump is successful, this would just be another change from the Biden regime. Trump is building Oceania, one country at a time….
Chevron Is Essential to Venezuela’s Economy — and Trump Knows It
Bloomberg News
(Bloomberg) — One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp.
The Houston-based company, which has a US waiver to operate in Venezuela despite sanctions against Nicolás Maduro’s authoritarian regime, has helped lift the Andean nation’s crude production back above 1 million barrels per day, stoking an economy that lives and breathes oil.
Now Donald Trump is poised to leverage Chevron’s presence in Venezuela to get what he wants from Maduro.
The 2022 license that’s seen Chevron ratchet up exports from Venezuela to a seven-year high is the most powerful tool the president has to advance his agenda in Caracas, which includes following through on his campaign pledge to halt irregular migration into the US. Cancelling the waiver would sever a vital financial lifeline for Venezuela’s economy as it begins to perk up — and generate more corruption by handing the government full control of oil trading again.
Chevron has been operating in Venezuela for more than a century. But the company has only recently begun to exert an outsized influence on the nation’s economy.
There are two main reasons. First, as Venezuela’s state oil company deteriorated from chronic underinvestment, Chevron became the driving force behind any growth in oil production. Second, after Venezuela’s living standards collapsed amid Maduro’s failed policies and US sanctions, that output from Chevron became a much bigger slice of the nation’s shrunken economy.
Ventures run jointly with Petroleos de Venezuela SA are estimated to have contributed some $4 billion in tax payments over the past two years, representing about a quarter of the regime’s total revenue over the same period, according to Ecoanalítica, a Caracas-based consultancy. Venezuela’s economy, meanwhile, is on track to grow 9% this year.
“Chevron’s activity has introduced a crucial element for the country’s macroeconomic stabilization,” Asdrúbal Oliveros, one of Ecoanalítica’s directors, said by phone. “It has jump-started the economy by adding jobs and new service contracts for the recovery of wells, and by sales of foreign currency to the domestic market.”
The revenue Chevron generates in dollars from rising oil production stays in the country and mostly gets reinvested in local currency through private banks, which can lend to companies that help boost the economy — all out of the clutches of the government. Some trickles down to consumers, helping fuel an incipient recovery that’s seen luxury stores, retail chains and car dealerships open in the capital even as a majority of Venezuelans remains impoverished.
It hasn’t, however, come with free and fair elections as former President Joe Biden hoped when he carved out a loophole in Trump’s first-term sanctions for Maduro.
But in a bold step, Trump started fresh with the socialist strongman after sending a top adviser to Caracas at the end of January. The move resulted in the release of six American prisoners and the restart of deportation flights, another of which arrived Thursday carrying about 180 people who’d been expelled from the US to Guantanamo Bay.
While it’s unclear if energy issues were discussed during special envoy Ric Grenell’s talks with Maduro, Chevron’s license was left untouched. It renewed automatically for six months the next day, as it does the first of every month.
“The license is a very challenging card to play,” David Goldwyn, head of the energy advisory group at the Atlantic Council, said by phone. “Chevron’s activity in Venezuela is in both country’s interests, as it’s having an efficient player helping the Venezuela economy from falling back and preventing migrants from coming back.”
Trump is keeping his options open. The US company’s operations in the sanctioned nation are currently under review, the president told reporters on Feb. 18 at his Mar-a-Lago club in Florida. Asked whether he would be inclined to continue to allow oil exports through Chevron, Trump said: “Maybe not.”
White House officials didn’t respond to emailed requests for comment on Friday.
The million-barrel mark is a substantial milestone for Venezuela, which saw output tank to as low as 365,000 barrels per day from a high of about 3.2 million in the mid-1990s. The oil sector is projected to grow 17% by the end of 2025, about the same as last year and up from a 13% expansion in 2023, according to Sintesis Financiera. The increase is being led by Chevron’s “steady” activity, said Tamara Herrera, head of the Caracas-based financial analysis firm, who described the US company’s work with PDVSA as professional and efficient.
“Chevron has been a constructive presence in Venezuela,” company spokesman Bill Turenne said by email. All business, he added, is conducted “in compliance with all applicable laws and regulations.” Representatives of PDVSA and Venezuela’s government didn’t respond to requests for comment for this story.
Contractors hired by Chevron have seen a surge in work, with subsequent increases in revenue and hiring, mainly in the eastern Venezuelan state of Anzoátegui, where two of the ventures with PDVSA are located.
New and more liberal contracts offered by the Maduro regime after the waiver was issued allowed the company to gain greater control over finances and trading at the ventures, undoing years of erratic PDVSA management.
Since 2023, Chevron offered more contracts for bids to companies it had already vetted, according to a person familiar with the operations, who asked not to be named because they aren’t authorized to speak publicly. The company also directed more of its cash flow to maintenance, procurement and human-resources issues. “This has had a multiplying effect in the economy in Anzoátegui, and the country,” Herrera said.
Chevron sells dollars into the private financing system to buy bolivars that it uses to pay for its operations. The steady flow of foreign currency has helped private importers buy dollars for their purchases, keeping supplies of goods coming and inflation in check. “In a highly import-dependent country like Venezuela, this is very important for domestic consumption,” Herrera said.
Annual inflation has slowed to 8% from a six-digit peak. And the bolivar has stabilized after steep devaluations. To be sure, the recovery Maduro is presiding over has also been helped by a smaller economy — the result of a mass exodus of people and broad private-sector destruction under his autocratic rule.
On the trading side, oil sales are now more transparent and fetch better prices, a departure from previous years when PDVSA’s total control led to corruption and huge discounts in the Asian market. Chevron’s increased oversight has also helped alleviate Venezuela’s perennial fuel crisis because it doesn’t rely on PDVSA’s dwindling production of diluent and instead ships its own from the US.
Chevron, the only US oil producer left in Venezuela, is currently pumping about 240,000 barrels a day, or nearly 23% of the country’s overall production, representing around $6 billion in revenue. That level of output is similar to what the company produced in 2018, before Trump first hit Maduro with sanctions.
So while the US president’s team is sending mixed signals this time around, the Atlantic Council’s Goldwyn is cautiously optimistic Chevron will be allowed to keep pumping crude given how essential it’s become to keep Venezuela’s economy from cratering again.
“The Trump administration realizes the ‘maximum pressure’ policy caused economic stress that led to migration into neighboring countries and didn’t result in political change,” he said. “We’re in the early days of the Trump administration and we still need to see if Maduro is cooperative.”
Apple plans to invest $500 billion in the US over the next four years, hiring 20,000 workers and producing AI servers. President Trump’s tariffs on goods imported from China are probably a major catalyst behind the move.
Alibaba is also splashing the cash, with plans to spend more than $53 billion on AI infrastructure.
But not everything is wonderful in AI World. According to an influential analyst report, Microsoft has started canceling leases for a substanti
The Japheth Confederacy coming together….
Xi affirms ‘no limits’ partnership with Putin in call on Ukraine war anniversary
BEIJING (Reuters) -China’s President Xi Jinping reaffirmed his “no limits” partnership in a phone call with Russian President Vladimir Putin on Monday, China’s state media reported, on the third anniversary of Russia’s full-scale invasion of Ukraine.
The leaders held the talks as U.S. President Donald Trump has pushed for a quick deal to end the Ukraine war, raising the prospect that Washington could draw a wedge between Xi and Putin and focus on competing with the world’s second largest economy.
The call appeared aimed at dispelling any such prospects – the two leaders underscored the durability and the “long-term” nature of their alliance, with its own “internal dynamics” that would not be impacted by any “third party”.
“China-Russia relations have strong internal driving force and unique strategic value, and are not aimed at, nor are they influenced by, any third party,” said Xi, according to the official readout published by state media.
“The development strategies and foreign policies of China and Russia are long-term,” said Xi
Trump has alarmed Washington’s European allies by leaving them and Ukraine out of talks with Russia last week and blaming Ukraine for Russia’s 2022 invasion.
This was the second call both leaders have held this year, after they discussed how to build ties with Trump in January.
China and Russia declared a “no limits” strategic partnership, days before Putin sent tens of thousands of troops into Ukraine in February 2022. Xi has met Putin over 40 times in the past decade and Putin in recent months described China as an “ally”.
Beijing has refused to condemn Moscow for its role in the war, straining its ties with Europe and the U.S. as a result.
Trump’s coziness with Putin could be his undoing. Putin is a very treacherous, untrustworthy person.
Since Trump has gotten back into office, I have been observing that he is a close moderator of voter sentiment. He will instantly backtrack on anything that sounds unpopular. I think of several instances, especially the Gaza Strip, the sending of domestic prisoners to foreign prisons, talk of Canada and Greenland, and even his drastic stance on Ukraine, and see that he will backtrack, depending on public feedback.
I think he may soften his stance against Ukraine and may be come less friendly to Putin.
Keep your friends close, but your enemies closer! Did Trump get his philosophy from the Godfather!
Patel taking oath on Hindu scriptures! What the f**k!
At least he believes in something. Trump didn’t use the Bible during his oath. His hand was down by his side. Melania Trump held both Bibles and were unused.
Controlled opposition; where’s MSNBC calling out Trump?
True enough! The problem is they both worship the same god, though they may not know it yet!
More proof this country is lost!
“The goal of abolishing the white race is on its face so desirable that some may find it hard to believe that it could incur any opposition other than from committed white supremacists.”
“If you are a white male, you don’t deserve to live. You are a cancer, you’re a disease, white males have never contributed anything positive to the world!”
“Make no mistake about it: we intend to keep bashing the dead white males, and the live ones, and the females too, until the social construct known as ‘the white race’ is destroyed—not ‘deconstructed’ but destroyed.”
-Noel Ignatiev (/ɪɡˈnætiɛv/; born Noel Saul Ignatin; December 27, 1940 – November 9, 2019) was an American author and historian, as well as a communist activist.
Ignatiev was born Noel Saul Ignatin in Philadelphia, the son of Carrie, a homemaker, and Irv Ignatin, who delivered newspapers. His family’s original surname, Ignatiev, was changed to Ignatin and later back to the original spelling. His family was Jewish. His grandparents were from Russia.
Spoken like a true Satanist!
Just like many of the other statements Trumpy makes, there will probably be a last minute reversal. Elon Musk is the right hand man and the EV Jesus, so I doubt any charges will be unplugged or at least not for very long. I expect Amazon, UPS, DHL, Post Office, and all the Box stores to have a large percentage of EV’s in their fleet. May be a good time to get into an EV stocks as when Trumpy makes his reversal statement, those stocks should pop. Most all the big auto firms are into EV’s now, Huge investments!
If President Trump keeps disparaging Ukraine while promoting Russian interests (like ZH), his goodwill will evaporate like a fart in the wind….
‘It’s Over!’ James Carville Tells Dan Abrams the Trump White House Will Suffer a ‘Massive Collapse’ in ‘Less Than 30 Days’
Veteran Democratic strategist James Carville told Mediaite’s Dan Abrams that the Trump administration would “collapse” within 30 days and advised Democrats to sit back and let it happen.
Speaking with Abrams — the founder of Mediaite — on his show on the SiriusXM POTUS channel Friday, Carville said that after four weeks in office, President Donald Trump had seen his stock with the public drop dramatically and that it would only get worse. The architect of Bill Clinton’s 1992 election win has said for weeks that Democrats should stop making themselves targets for mockery by protesting Trump’s every move. He said following that advice would serve them especially well in the coming four to six weeks.
https://www.mediaite.com/politics/its-over-james-carville-tells-dan-abrams-the-trump-white-house-will-suffer-a-massive-collapse-in-less-than-30-days/
That’s interesting. Wonder what he knows, I’m sure it’s a lot.
ZeroHedge is really pumping the pro-Putin, pro-Russian, anti-Zelinsky, anti-Ukraine propaganda. The alt-media are really lapping it up.
And you wonder why I don’t listen to or read any of the alt-media? They’ll claim that Russia is right because Zelinsky diddles children and is a cross dresser. They’ll claim Russia is right because Zelinsky flip-flops. They say Russia has a right to Ukraine, because Zelinsky is a CIA plant.
The alt-media are a bunch of poor thinkers and Trump has caught the pro-Putin bug.
Guess who?!?!
A massive brawl at Hartsfield Jackson Atlanta International Airport was caught on camera. The viral video shows a group of people fighting in front of what appears to be a Spirit Airlines flight gate
https://youtu.be/goYLRPpbE6A?si=rXHvOqzk2M_KU9LZ
I used to go through that airport frequently about 20 years ago. I don’t really remember seeing many black people on planes besides the odd stewardess. I haven’t really flown in the last 10 years so I guess I am still not missing much.
Right! When there’s brawls in public, you can guess the participants!
All these brawls seem to be black people. Once again blacks are setting a poor example of themselves. This is why DEI is a disaster. This is why segregation happened in the past. This is why when blacks are in charge everything goes to crap.
Fed’s Goolsbee Plays Down Jump in Inflation Expectations
(Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation.
The figure “wasn’t a great number,” Goolsbee said Sunday in an interview on News Nation. “But it’s only one month of data. You need at least two or three months for that to count.”
A closely watched gauge of longer-term inflation expectations, a key ingredient in the Fed’s monetary policy decision making, rose to its highest level in almost three decades, a report Friday showed.
Consumers expect prices will climb at an annual rate of 3.5% over the next 5 to 10 years, according to the final February reading from the University of Michigan. The rate is the highest since 1995, based on data compiled by Bloomberg, and was almost entirely driven by views among survey respondents who are Democrats.
©2025 Bloomberg L.P.
I don’t travel outside the States, but interesting none the less. Warning for Americans Traveling to the UK
Key Points:
The UK will charge and prosecute Americans for their social media posts made in the US, if they travel to the UK
This is due to the UK’s broad “hate speech” laws, which could criminalize even statements about your Christian faith or political stance
UK officials have boasted they will “throw the full force of the law” at people, whether they commit crimes in the UK or online from abroad
The vague laws and targeting of conservatives raise concerns that speech could be criminalized at the “whim of the police and officials”
Some UK leaders have even wanted to extradite individuals from the US whose language they want suppressed
That’s because English people don’t own firearms. It’s like that in the EU and Commonwealth.
People can laugh all they want, but there is a direct hard correlation between private firearms ownership and suppression of basic freedoms.
The Jews hate firearms and are scared of gun owners. Especially those who know who is who and who is Jew. Jews and firearms don’t mix.
Those who know who is who and who is Jew… We could make a fun Dr. Seuss story with that line!
Gun owners keep the government in check.
All the democrat states that invested heavily in ev will have to go back to the draw board! Trump as stated, is at least axing lots of asinine policies! As Shakespeare said, Kings are earth’s gods in vice their law’s their will.
Government fleet vehicles are primarily used to harass taxpayers with inspection and audit. No need to replace those vehicles with anything as it appears harassment is no longer mission critical.
All I hear is gloom and doom in the housing market. Clearly, these one string banjos don’t see the larger picture.
Rent equivalents in my single-family detached rentals in the Strasburg and Winchester, VA areas have increased by about $500 a month over the past two years. That’s an increase of at least 25%.
A house that was renting for about $1,900, two years ago, is back on the market for $2,495.
I no longer recommend keeping tenants in for more than 2 to 3 years. I now recommend higher tenant turnover, which will allow landlords to raise the rent quicker.
By the end of the Summer, I’ll only have two SFRs remaining in PG County. Two houses bringing in $6,000 a month. Eight PG properties will be gone!
I have spoken. I am the king. Long live the king!🤣🤣🤣
The houses on the four cash out mortgages I took out in 2022-late 2023 are already generating about $1,000 more a month in total rent.
The interest rates I’m paying are no longer an issue.
February is Black History Month! I celebrate by no longer renting to blacks. Black power!
The houses and condos I once rented out to blacks for as much as 50% below full market in PG County are now being rented out for full market value by black landlords, who tend to be shitty landlords.
Black power! 🦾🦾🦾
Blacks don’t mind screwing each other for what they got. Is it a small wonder why blacks are at the bottom as they don’t respect each other never mind whitie.
Bessent says economic partnership will protect Ukrainians and US taxpayers
https://finance.yahoo.com/news/bessent-says-economic-partnership-protect-185344747.html