NYC smoke is awful. But central NY really getting asphyxiated

PENTAGON SAYS NOT AWARE OF CHINA AND CUBA ESTABLISHING SPY STATION PENTAGON SAYS WALL STREET JOURNAL REPORT IS NOT ACCURATE

"The steepest street in Mexico." The owner on that corner installed crash barriers to protect his house. 🔊… music

This comes ahead of tomorrow’s release of US CPI inflation for May. #economy #inflation #markets #econtwitter

#Berlusconi santo o demonio? Sono abituato a valutare le persone sulla base della mia esperienza diretta. Quando ritirò la candidatura di Bertolaso e decise di appoggiare la nostra candidatura civica per #Roma non mi pose alcun vincolo. E questa è una rarità sia dx che a sx.

US household savings are still elevated, despite all the spending sprees of the past few years, via ⁦(((The Daily Shot)))⁩

JPMORGAN: “.. the inflation news continues to evolve in a positive direction. The early reports on May #CPI have largely come in below expectations .. most forward-looking indicators .. line up nicely to point to a sustained downshift in inflation ..”

There was an attempt… to hold the roof in place 😮 🔊 … this is crazy

Getting hard to deny significant disinflation happening, despite unemployment close to historic low

Confesso di non amare le omelie funebri. Ma quella pronunciata da #monsignorMarioDelpini al funerale di #Berlusconi è da incorniciare!

#Powell's rational for skipping a rate hike, while admitting the risks to #inflation are still to the upside, doesn't make sense. Powell is clearly worried about the evolving financial crisis, but doesn't want to spook markets. So he's done hiking, but doesn't want to admit it.

Same Fed that told us in mid-2021 we would end up with a 5/8% funds rate in 2023 is now telling us that it will be 5-3/4%. Same Fed that told us at end-2018 we would see 2 more hikes in 2019 and instead cut 3 times. Please get rid of these dot-plots.

Poco meno di un metro in due decenni. È lo spostamento del polo di rotazione della Terra, ossia il punto attorno al quale ruota il nostro pianeta, che l’uomo ha causato prelevando acqua dalle falde acquifere e spostandola altrove. Scopri di più: tinyurl.com/2p87e456

I don't really understand the internal consistency of an approach of pausing at this meeting, but then signaling to further rate hikes down the road and signaling that they no longer expect unemployment to increase nearly as much as they used to expect it.

Un po’ paraculo....ma ha ragione!

UK core inflation has risen to 7.1%, the highest in 31 years. “It is looking increasingly likely that it will require a recession to finally get the inflation genie back into the bottle.” bloomberg.com/news/articles/…

US economic news has been increasingly encouraging: falling inflation, no sign of a recession. And you know what that means: here come the truthers! 1/

Veramente bella!

The Gold Standard Is Back: BRICS To Intro Gold-Backed Reserve Currency zerohedge.com/markets/gold-s…

The humanitarian crisis in Gaza is unimaginably acute and devastatingly heartbreaking. Children and families are starving, and the entire population faces severe deprivation and unimaginable suffering. The evidence is overwhelming, with multiple aid agencies and countries