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Economy
Reporter: Why is my electricity bill so expensive?
Gavin: It’s not. pic.twitter.com/DWbG3b9Bql
— Michael Oxford – AKA The Santa Cruz Mountain Goat (@SCMountainGoat) August 12, 2024
After Nantucket wind disaster, wind supporters having second thoughts about the rush:
“We don’t want to be an experiment,” she said. “We just want to halt any more turbines until we get to the bottom of how we do this better”… Back on Nantucket, Vineyard Wind sent teams to… pic.twitter.com/MrY9QyGmGg
— Steve Milloy (@JunkScience) August 13, 2024
What do all of these cities have in common? pic.twitter.com/ZydJv8fmwW
— Wall Street Silver (@WallStreetSilv) August 13, 2024
🚨HOME DEPOT CUTS OUTLOOK
– Expects comparable sales to drop -3% to -4% this year (vs. -1% previously)
– Adjusted EPS projected to fall -1% to -3%
– Comparable sales down -3.3% —7th straight quarter of declines
With high interest rates and inflation, consumers are holding off… pic.twitter.com/hMhLG7TkJm
— Genevieve Roch-Decter, CFA (@GRDecter) August 13, 2024
The S&P 500 is near 5400 and our premium members went long at 5180.
Our original setup posted for members is below and we recently raised our target from 5300.
Subscribe to our premium service to see how we are trading this at the link below:https://t.co/SJRZ4FrfLE pic.twitter.com/xqiXDELaK6
— The Kobeissi Letter (@KobeissiLetter) August 13, 2024
Only sharp-eyed readers will be able to spot the difference in the coverage of the two proposals. pic.twitter.com/h9PMWCZzDX
— Tim Murtaugh (@TimMurtaugh) August 12, 2024
FLASHBACK: Kamala Harris cast the decisive vote to strengthen tax enforcement on gratuities in the hospitality industry, resulting in the IRS implementing a tip reporting program. Now, she champions a "No Tax on Tips" initiative, echoing a proposal originally made by President… pic.twitter.com/mMiYI0g6X9
— I Meme Therefore I Am 🇺🇸 (@ImMeme0) August 13, 2024
BIDENOMICS: Majority of Americans Believe Country is in Recession
The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates.
And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June.
Citing higher costs and difficulty making ends meet, most respondents said they think a recession started roughly 15 months ago, in March 2023, and could last until July 2025, Affirm found.
Are you better off now than you were when I was president?
Our economy is shattered. Our border has been erased. We're a nation in decline.
Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!
— Donald J. Trump (@realDonaldTrump) August 12, 2024
Good Morning Everyone!
July's Producer Price Index (PPI) came in LOWER than expected, rising just +0.1% vs +0.2% MoM (+2.2% YoY vs +2.3% YoY)
This gives the FED more confidence that inflation is cooling.
Strengthens the case for rate cuts.
All eyes on tomorrow's CPI! pic.twitter.com/tBAvzHhkJL
— Genevieve Roch-Decter, CFA (@GRDecter) August 13, 2024
India tried populism and it worked: strong growth, safe streets, and 80% approval ratings.
77% of Indians now say the country’s on the right track — in the US it’s 35%, in UK 21%, and in France it’s 18%.
Modi’s formula had 3 parts: nationalism to unify, relatively competent… https://t.co/rH7xLciklD
— Wall Street Silver (@WallStreetSilv) August 13, 2024
NEW: #Bitcoin is now the 6th top monetary asset in the world 🙌 pic.twitter.com/ZcR1f7iwha
— Bitcoin Magazine (@BitcoinMagazine) August 13, 2024
Political/Rights
EXCLUSIVE: Nancy Pelosi’s Library Visit Turned Campaign Stop May Have Violated IRS Rules
Why is Nancy Pelosi campaigning for presidential candidates at a nonprofit organization such as the Pratt Free Library in Baltimore?
There is supposed to be an IRS regulation that prohibits nonprofit organizations from engaging in elections.
What is the Pratt Library’s tax…
— Rep. Andy Harris, MD (@RepAndyHarrisMD) August 11, 2024
Source: dailycaller.com
Open borders Kamala wants to free all criminal illegal immigrants.
Attendee: “I want to know, when you become president, would you be committing to close the immigration detention centers?”
Kamala: “Absolutely, on day one. On day one.” pic.twitter.com/XLfrhyLpns
— Trump War Room (@TrumpWarRoom) August 12, 2024
Source: dailycaller.com
🚨BORDER CZAR LAWSUIT🚨
We simply demanded that @DHSgov produce all documents that say "Border Czar" and "Harris"
If she wasn't the border czar then there shouldn't be any
Amongst other excuses, DHS says this request is too big a burden for them https://t.co/E1bC9T2GuZ pic.twitter.com/SVE92suacO
— Oversight Project (@OversightPR) August 13, 2024
Planned Parenthood’s press release bemoans not being about to kill babies at 20+ weeks:
Source: thegatewaypundit.com
Adding this clip from the Daily Mail. pic.twitter.com/CKf7dTRNS3
— LIZ CROKIN (@LizCrokin) August 13, 2024