Jim Willie seems to think that we’re in a Depression / Treasury Bond Default. He brings up some interesting points in this long 2 part interview.
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- Thread starter Hobo Hilton
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This is big news to the folks around Hillsboro, Oregon. Nike was an anchor in that area.
The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities.
The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year.
Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles.
Nike to lay off 740 employees at Oregon headquarters
April 19 (Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025.The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities.
The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year.
Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles.
Lululemon Warehouse in Washington Set to Close, Laying Off More than 100 Employees
The world has changed. The "Strong Dollar" is now worthless to the US Consumer struggling under the load of inflation.
A strong dollar allows U.S. consumers to purchase goods and services from overseas for less than if the dollar was weaker. It also helps compensate for rising inflation by keeping purchasing power from dropping too much.
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www.investopedia.com
A strong dollar allows U.S. consumers to purchase goods and services from overseas for less than if the dollar was weaker. It also helps compensate for rising inflation by keeping purchasing power from dropping too much.
Strong Dollar: Advantages and Disadvantages
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
Just be patient, we are circling the airport, waiting for the soft landing.
www.morningstar.com
U.S. economy takes a step backward in April, S&P surveys show
The numbers: The U.S. economy lost some momentum in April, a pair of S&P surveys found, as businesses reported a decline in new orders and reduced employment for the first time since the pandemic. The flash U.S. manufacturing purchasing managers index slipped to a four-month low of 49.9 in April from 51.9 in March.U.S. economy takes a step backward in April, S&P surveys show
They have to make room on the payroll for Caitlin up to 28 million
PROPAGANDA: Jobless numbers released by government are statistically impossible – NaturalNews.com
Initial claims for jobless benefits are one of the statistics that can be used to get a picture of the overall state of employment in the U.S., and, by extension, the American economy. However, the numbers the government has been giving us lately are raising a lot of eyebrows – and some experts...
www.naturalnews.com The Government is spreading more propaganda than TicToc. Why do you think the Government wants to muzzle TicToc ?PROPAGANDA: Jobless numbers released by government are statistically impossible – NaturalNews.com
Initial claims for jobless benefits are one of the statistics that can be used to get a picture of the overall state of employment in the U.S., and, by extension, the American economy. However, the numbers the government has been giving us lately are raising a lot of eyebrows – and some experts...
Government says "Don't worry about the National Debt. We will take care of that when the time comes".
Morning headline:
Deja Vu from the 1980's ARM's are a financial death trap.
Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%
An adjustable rate mortgage is like owning a Jeep. Everyone should have had at least one.Deja Vu from the 1980's ARM's are a financial death trap.
LOL......... The government is running out of lies.
Dow futures drop 400 points after downbeat U.S. GDP report: Live updates
Something finally has to give eventually. It’s been unreal since 2020. I’ve never seen so much buying of everything, by everyone.
I swear to God, it's as if I'm reliving the year 1979.
I have to chuckle as I read your comment. I'm looking out at an Airbnb next door that rents for $1,000 / night, sleeps 15, yada, yada.
One guy showed up there last night... He's driving a US Forest Service truck.
Only the best when spending other people's money.
Why are Americans standing by allowing Congress to bankrupt the nation? How did Americans become so pacified?
The distraction of illegals being greeted and treated better than Citizens, distraction college students protesting, take the law enforcement and fake media out of the equation and they will go back to their dorm rooms in a few days.
COVID/Vax, how much proof needs to be denied for both and what about that Monkey Pox and more vax did it just fix itself, maybe it never existed in the first place. This is America, we don’t need the rest of the world, close the border gather up the illegals and send them back to Mexico and let them sort it out. Isolationism, let the world fix their problems and we will fix our problems here at home. It is probably to late, but when you look at fighting Communism since Truman democrats never finish what they start, so if what we have been doing isn’t working maybe it’s time to try something different.
The distraction of illegals being greeted and treated better than Citizens, distraction college students protesting, take the law enforcement and fake media out of the equation and they will go back to their dorm rooms in a few days.
COVID/Vax, how much proof needs to be denied for both and what about that Monkey Pox and more vax did it just fix itself, maybe it never existed in the first place. This is America, we don’t need the rest of the world, close the border gather up the illegals and send them back to Mexico and let them sort it out. Isolationism, let the world fix their problems and we will fix our problems here at home. It is probably to late, but when you look at fighting Communism since Truman democrats never finish what they start, so if what we have been doing isn’t working maybe it’s time to try something different.
Monkey pox left the news cycle once the dogs and children of gay couples kept getting infected.
It’s already here. Everyone is starting to figure it out. When the herd moves it will be obvious but the damage to government and personal finances is done. The economy will seriously trend down at that time.
Is it finally time to find my like new F-250 fully loaded super duty for $40,000?
I think you are being sarcastic, but have I got a deal for you. Go to the 5 minute mark. Prices most definitely will be coming down further from here.
Stagflation Shock: GDP Stuns With Lowest Print In 2 Years, Below Lowest Estimates, As PCE Comes In Red Hot | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com I’m dead serious. I’m trying to check off all of my vehicle wants before the mandatory drunk driving monitor crap hits vehicles in 2026.
The are options. YMMV
Report: Man Uses Raccoon To Start Breathalyzer Equipped Car; Raccoon Then Attacks Driver
This story is straight out of the movie 'Tommy Boy'.
www.cbsnews.com The 2018+ fords are already tattling to your insurance company.
Chevrolet and Toyota are too, but you can turn it off in the Chevrolet and Toyota .
Really? I honestly didn’t think that was possible without hacking into the car.
Nope. When you set up the chevy app it has thing that records speeds, hard acceleration and breaking, etc. You have to opt to turn it off. It's the Onstar smart driver feature.
The Fed to become powerless due to looming U.S. debt crisis? Watch these hard assets get ‘unleashed’ –
"At some point, the debt problem is going to be so large... that will cause the Fed to become almost irrelevant because they can't raise rates. They can't use interest rates as a mechanism to fight inflation," Costa explained. This scenario paints a bleak picture of central banks struggling to exert any meaningful influence over economic stability.
I think I've finally curbed my ammo buying and started buying more reloading items; new books, dies (still need 6ARC) powder & primers, pistol brass and filling in bullets. It's been 10 years & 3 moves since I was set up to reload. This land I bought will be where I die. Just got a new safe set up and an ammo locker. I have a variety of steel tables to choose for my benches. Excited!
Had some errands to run yesterday, observed all the auto dealers are fat with new inventory, Nissan and Toyota dealers have had almost empty lots Previously since lockdown.
Do you honestly believe, that when you 'opt out' that the vehicle truly quits sending info the NSA?
It's like people who believe, if you turn off your phone, the phone quits sending data to the gov. The gov can still track you.
Or stop light cameras that stopped sending tickets but they are STILL recording your movements.
Do you want to believe, there's not some type of 'backdoor' that allows tracking to continue?
I’m not worried about the NSA increasing my insurance costs.
a good time for 'cash only' everything must go sale 
Foxtrot closed all branches on Tuesday
www.dailymail.co.uk
Foxtrot closed all branches on Tuesday
Baristas kick customers out of coffee chain closing all locations
A Foxtrot barista documented how the shuttering unfolded at her café on TikTok after the bombshell closure news shocked staff and customers on Tuesday.
What if you don't subscribe to Onstar? It's there, free subscription has expired, won't pay for it.
Guys like you probably believe that Santa Clause isn't real, and that it was your parents-not the Tooth Fairy- who put that $$ under your pillow. It's goddam exhausting being around conspiracy theorists all day.
P.S. the vaxxines ARE safe and effective, it's Covid (anaturally occuring corona virus) that is causing turbo cancer, blood clots, and Sudden Death Syndrome.
US regulators seize troubled lender Republic First, sell it to Fulton Bank
April 26 (Reuters) - U.S. regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.
The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities.
The FDIC, appointed as a receiver, said Fulton Bank, a unit of Fulton Financial Corp will assume substantially all deposits and purchase all the assets of Republic Bank to "protect depositors".
Republic Bank had about $6 billion in total assets and $4 billion in total deposits, as of Jan. 31, 2024. The FDIC estimated the cost of the failure to its fund will be $667 million.
The bank's 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank on Saturday or on Monday during business hours.
The decision marks the latest U.S. regional bank failure following the unexpected collapses of three lenders - Silicon Valley and Signature in March 2023 and First Republic in May.
Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production
S&P Cuts Boeing’s Ratings Outlook to Negative
These days, Spitznagel is skeptical of the idea that the U.S. economy has entered a so-called “no landing” scenario, where growth continues apace despite higher interest rates.
"It's not different this time," he said. Higher interest rates will eventually pop "the greatest credit bubble in human history," he said.
www.thewealthadvisor.com
"It's not different this time," he said. Higher interest rates will eventually pop "the greatest credit bubble in human history," he said.
Black Swan Hedge Fund Says Fed Rate Cuts Will Signal Market Crash
Black Swan Hedge Fund Says Fed Rate Cuts Will Signal Market Crash
www.thewealthadvisor.com Sounds reasonable. How to survive it or profit from it, now that’s the insightful information I was hoping to read.
His word to the wise is to not get caught up in the positive euphoric.
All of the old timers here have seen this cycle play out a few times. Buying at the top of the market is a lesson learned by many.
I put no faith in "Government Numbers" on the strength of the USD, the GDP or anything they can simply plug in false numbers. I think the banking industry has a good grip on where things are headed. The FED interest rate and the Bank's interest rates are disconnecting, as we speak.
I believe the credit bubble will pop…eventually…maybe. I’m still hoping to pick into a like new F-250 super duty for $40,000.
I will say though that I have been buying market tops since 1992, and nobody is raffing at me know. Shit sucked when I was working at Hardee’s though, lol.
The shitty part is once the credit actually does dry up…eventually…maybe, it will be the overextended middle class that gets crushed. The poors and wealthy will continue on as if nothing happened.
I think "financially" the world market is in uncharted waters. I remember well the housing recession of the 1980's. I don't remember that crash being worldwide. I think before the rest of the countries allow the downfall of America to pull them into the whirlpool they will cut the umbilical cord. This is why so many countries are stocking up on physical gold. "Paper" will have no value at all.
The wealthy are well hedged and the poor's have little to lose other than Government subsidies.
I don't think the White Hats are going to ride in to save the day. There will be much suffering.
It's been 50 years since the US Gold was inventoried. I do not trust that number for America's physical gold.
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It would be nice to hear the FED say they were going to boost the buying power of the USD.
Reality is, the buying power of the USD is falling more every day.
I went to the grocery store and rather than use a debit card, I used cash. As I handed the checker a $100 dollar bill I told her "These are STRONG United States Dollars". She replied "The only thing strong is your story. Smells like 3 day old fish".
Reality is, the buying power of the USD is falling more every day.
I went to the grocery store and rather than use a debit card, I used cash. As I handed the checker a $100 dollar bill I told her "These are STRONG United States Dollars". She replied "The only thing strong is your story. Smells like 3 day old fish".
Quagmire anyone? Fed watchers try to divine a confusing state of play
Elon Musk issues brutal email to Tesla staff as he goes 'absolutely hardcore' and fires two senior executives, his entire Supercharger team, and moves to lay off hundreds more employees
Elon Musk goes 'absolutely hardcore' with lay offs
Elon Musk sent an email to staff announcing plans to go 'absolutely hardcore' with layoffs and revealed he fired executives Rebecca Tinucci (top right) and Daniel Ho (bottom right).
The entire EV market is taking a collective dump. Ford lost something like 1.3 BILLION dollars on EVs the first quarter of this year. Even the chinese EVs are stacking up in Europe.Elon Musk issues brutal email to Tesla staff as he goes 'absolutely hardcore' and fires two senior executives, his entire Supercharger team, and moves to lay off hundreds more employees
Elon Musk goes 'absolutely hardcore' with lay offs
Elon Musk sent an email to staff announcing plans to go 'absolutely hardcore' with layoffs and revealed he fired executives Rebecca Tinucci (top right) and Daniel Ho (bottom right).
Eventually, there is always a downside to the Kool-Aid drinking.
Aldi, the German-based grocer, saw a staggering 26% increase in foot traffic at its store in March compared to March of 2023.
amgreatness.com
Americans Increasingly Turning to Discount Grocer Amidst Rising Prices › American Greatness
A German discount grocer has seen an increase in business from American customers over the last year, as inflation remains stubbornly high and presents an ongoing threat to Americans’ financial…
amgreatness.com I figure most know this, but this is a manifestation of what I have been talking about. People are moving down the retail ladder, looking for alternate necessity goods and foregoing non-necessities. This doesn't happen if people are feeling good about their incomes or future. The implications of this drawback is that layoffs will be occurring with greater frequency across all sectors as the decrease in demand slows the economy.Aldi, the German-based grocer, saw a staggering 26% increase in foot traffic at its store in March compared to March of 2023.
Americans Increasingly Turning to Discount Grocer Amidst Rising Prices › American Greatness
A German discount grocer has seen an increase in business from American customers over the last year, as inflation remains stubbornly high and presents an ongoing threat to Americans’ financial…
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