Fighting with the Patriots to keep America Alive
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Whitesnake - Here I Go Again '87 (Official Music Video)
April Wine - I Like to Rock (Official Music Video)
Survivor - I Can't Hold Back (Video)
Kid Rock - All Summer Long [Official Music Video]
Please come to Boston by Dave Loggins play along with scrolling guitar chords and lyrics
Roxette - Listen To Your Heart (Official Music Video)
(Everything I Do) I Do It For You (Official Music Video)
31% of millionaires say they’re part of the middle class, survey finds. ‘People feel squeezed,’ advisor explains
Only a small share of millionaires say they feel wealthy, according to a recent report.
Persistent inflation has taken a toll on most Americans’ financial security, making it harder to feel well off.
What does it take to be rich? “The short answer is more,” said Jason Van de Loo, chief client officer at Edelman Financial Engines.
See Article Here: https://www.cnbc.com/2023/11/10/survey-31percent-of-millionaires-say-they-are-part-of-the-middle-class.html
Kroger Reports Mass Store Closings As America's Biggest Chains Brace For A Deep Dark Winter
America's Growing Economy... Brought To You By Visa & Mastercard
😊
Authored by Michael Maharrey via SchiffGold.com,
Mainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it’s clear that borrowing is the only thing sustaining this spending spree.
See Article Here; https://www.zerohedge.com/personal-finance/americas-growing-economy-brought-you-visa-mastercard
A Third Major Burger King Franchisee Declares Bankruptcy
By Jonathan Maze of Restaurant Business Online,
Premier Kings, a 172-unit Burger King franchisee whose owner died in 2022, declared bankruptcy protection, saying that operating losses even after the company closed restaurants forced the issue.
See Article Here: https://www.zerohedge.com/economics/third-major-burger-king-franchisee-declares-bankruptcy
Richemont CEO Warns "Softening Demand Across All Categories" As Luxury Downturn Worsens
Whether it's the former CEO of Walmart, Mike Wilson from Morgan Stanley, or credit card data from various research desks, there's a unified message emerging about waning consumer strength.
In the luxury space, we asked in May Did Europe's Luxury Bubble Just Burst?
By June, we pointed out Luxury Recession: Diamond Prices Crash, Rolex Downturn Persists.
See Article Here: https://www.zerohedge.com/markets/richemont-ceo-warns-softening-demand-across-all-categories-luxury-downturn-worsens
Flashdance • What a Feeling • Irene Cara (A different version than that posted in the Sticky section ~ based on the movie.
Journey - The Party's Over (Hopelessly In Love) (Official Audio)
Ice Castles • Through the Eyes of Love • Melissa Manchester
Peter Schiff ~ Oct. Job Numbers & Pending Housing Market Crash
3 Doors Down - Here Without You (Official Music Video)
Jimmy Buffett - Changes In Latitudes, Changes In Attitudes (Audio)
Consumed By Fire - First Things First (Official Lyric Video)
Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever
Back in July, when we last looked at the unprecedented horror show that is the US budget deficit - and concluded correctly, long before the Q2 Quarterly Refunding Announcement, that debt issuance was about to explode and yields would soar - we warned that the debt Rubicon was about to be crossed and "US Debt Interest Payments Are About To Hit $1 Trillion."
Fast forward to today when the endgame has apparently arrived: according to the Treasury's own calculations, total interest is now over $1 trillion (or $1.027 trillion to be precise).
See Article Here: https://www.zerohedge.com/markets/endgame-interest-us-debt-skyrockets-above-1-trillion-first-time-ever
Needs to be tweeted!
Stocks Tumble, Yield Surge After Catastrophic 30Y Auction Stops With Biggest Tail On Record As Foreign Demand Craters
Complete disaster.
That's the only way one can describe today's 30Y auction, which many expected could be challenging after a mediocre 3Y and a subpar 10Y auction earlier this year, but nobody expected... this.
The bond priced at a high yield of 4.769%, which was below last month's 4.837%, and just shy of the April 2010 high. But more importantly, it tailed the When Issued by a whopping 5.3bps, which was... well... terrible, because as shown in the chart below, this was the biggest tail on record (going back to 2016).
See Article Here: https://www.zerohedge.com/markets/stocks-tumble-yield-surge-after-catastrophic-30y-auction-stops-biggest-tail-record-foreign
Used Vehicle Prices Record Largest Maximum Drawdown In History
Auto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data this week for October that shows wholesale used-vehicle prices continue to slide and have reached the lowest levels since April 2021.
The Manheim Used Vehicle Value Index stood at 209.4 in October, down 2.3% from September. The index is down 4% from a year ago. These wholesale prices filter into the retail side of the market with a slight lag.
See Article Here: https://www.zerohedge.com/markets/used-vehicle-prices-record-largest-maximum-drawdown-history?utm_source=&utm_medium=email&utm_campaign=1971