Bill Holter’s Commentary
You want some weekend comedy? Here is some politically incorrect but truthful comedy!
https://www.youtube.com/watch?v=bItcoUb5xsw&ab_channel=JimBreuer%27sBreuniverse
Bill Holter’s Commentary
Dismal Dave with more charts for us.
‘I saw a sign at a gas station. It said ‘help wanted’. There was another sign below it that said ‘self service’. So I hired myself. Then I made myself the boss. I gave myself a raise. I paid myself. Then I quit.’ Steven Wright. (1955- ).
Bill Holter’s Commentary
Stanley is correct about the banks getting paid. However, higher rates do bite the real economy and shrinks collateral already held by banks, brokers, etc. And the problem today is finding quality collateral to be able to borrow against.
Bill Holter’s Commentary
…which ultimately means the death of ALL buyers because real estate always runs uphill from the first timers. If starter homes cannot sell, it truly is game over!
Death of the First-Time Homebuyer
Bill Holter’s Commentary
Are you confused? We’re certainly not …but still know a duck when we see one!
Americans Who Think We’re in a Recession Are Actually Just Confused: White House Adviser
White House economic adviser Jared Bernstein said recently that Americans who think the country has fallen into a recession are basically confused about the source of their economic pain, while doubling down on the Biden administration’s view that the U.S. economy isn’t, in fact, in a contraction, despite two back-to-back quarterly negative GDP prints.
Bill Holter’s Commentary
Not even a heart attack can stop Dismal Dave from showing you graphic horror. Welcome back mate! The first chart tells you a story that central banks hope you don’t hear, nor understand. Currencies are fading on a global basis. What does inflation mean to you? It means your money is shrinking…
‘I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.’ Reginald McKenna. (1863-1943). as Chairman of the Midland Bank, addressing stockholders in 1924.
-note: I’ll try to keep up with daily events, folks, but…the malady lingers on! @#$%.
Bill Holter’s Commentary
Out of touch much? What a disgrace!
“I Don’t Feel The Pain Of Inflation Anymore” Says Wealthy SF Fed Chair From Ivory Tower | ZeroHedge
Bill Holter’s Commentary
Debt, debt, and more debt …what could possibly go wrong?
Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
Household debt climbed past $16 trillion in the second quarter for the first time, as soaring inflation pushed up housing and auto balances, the New York Federal Reserve reported Tuesday.
Bill Holter’s Commentary
A truly touching, yet very sad story. I think what Pastor Stanley is telling you is this, “there are no atheists in a foxhole and God always wins in the end”!
https://www.encouragingangels.org/new-blog/2022/8/1/3a64tjgxdy9x2vzgoefu335bbb1ds8
Bill Holter’s Commentary
Satire my ass, these people are evil. You will eat crickets and be happy! As I have said before, I am now ashamed I ever collected for “UNICEF” back in 1st grade …
Bill Holter’s Commentary
Even if the crypto exchanges were FDIC insured, does the FDIC even have the capital to make good? Do they even have the capital when a money center bank goes down? Do you understand why these banks have been considered “too big to fail”?
Brace Yourself for Federally-Insured Bank Failures Caused by Crypto (wallstreetonparade.com)
Bill Holter’s Commentary
Santa “Klaus” says no car for you? Good luck with that!
Bill Holter’s Commentary
The first ever revenue decline? I guess those weren’t “magic beans” that grow to the sky? No oxygen, only digital air? We are moving toward a world where real stuff will be re valued to actual worth…
Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales
Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast, pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading.
Bill Holter’s Commentary
When all is said and done, lawsuits cumulatively like this one will be enough to take insurance companies down, Do you understand?
Doctor Announces $25 Million Defamation Lawsuit Against Houston Methodist Following Suspension
Bill Holter’s Commentary
Yield spreads do matter, they ALWAYS do!
No Recession? All Of A Sudden Yield Spreads Are Collapsing
No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk.
Bill Holter’s Commentary
Of course we know why, votes! But we’ll bet you didn’t know that student loans are THE largest “asset” held by the federal govt?
The Biden administration is considering forgiving the student debt for millions of Americans. Here’s why
The Biden administration is considering wiping out hundreds of billions of dollars in student debt. Its announcement could come as soon as next month.
Bill Holter’s Commentary
General Flynn posted this letter from Missouri’s Attorney General to Christopher Wray, head of the FBI. This bears watching!
One of the best and smartest letters to the FBI from a State AG ever. Standing up for his state’s citizens is what every State Attorney General must do. Serve your citizens. And the FBI needs to figure out what’s next because the people of America no longer trust you, your institution or your leaders.
Missouri AG, Eric Schmitt’s letter is spot on!!!
Bill Holter’s Commentary
Our pal Dismal Dave from down under could use our prayers as he almost bit the dust last week. He is recovering as you can see below. We wish him Godspeed in his recovery!
Dave’s Message
Thanks, Bill! Loads better. Great Doctor and hospital!
This is what I just sent out to my boys and the rest of the family…
How your Mother saved my life.
So, there we were, your Mother and I, at our regular PROBUS monthly meeting, sitting listening to a great guest speaker, when I felt a tad dizzy.
Next thing I knew, I had dropped sideways into her lap, with her pounding my chest, then blowing air into my mouth. (it’s what ICU nurses of long-standing, do. (other ones stop giving a presentation, and take a pulse; 8!!!)).
Because of this incredible good fortune, I was able to sit up and wonder just what I had done to deserve that!
By that time, the ambulance had arrived and my coronary artery bypass surgery adventure had begun.
Not for the faint-hearted…oh…wait
‘bout sums it up; will be quiet for a while, Bill!