The Shitshow Macro Weekly Prep Podcast for Mon 4.29.24 is out for premium subscribers at any level:
-Shitshow Macro Podcast 5 (Is the Fed Battling the EU Tyrants) and 7 (Why Are (were) USSOF Troops in North Africa) are up on Substack, Spotify, Apple Podcasts, and anywhere else that podcast can be found
Domestic Politics:
-Yet another Biden in more corruption; Joe Biden’s brother Jim has been caught in another shady politcal payola scheme, this time with Qatari leadership - the same ones that are hiding/hosting the billionaire Hamas leadership in luxury highrises in their country.
-Jennifer van Laar of RedState started reporting this weekend on Soros DA Gascon (LA) and his shady, 20-year history. Jennifer is reporting that Gascon has had multiple sexual harassment and retaliation claims against him during his time in law enforcement. She’s also reporting that he was the driving force behind the Soros radical DA installment plan, securing a $50mm donation from Soros to ACLU to facilitate it.
-The (GOP) Wyoming Governor has vetoed a bill that would require proof of residency to vote in the state.
-Flash mobs erupted in Chicago this weekend - prepare for “summer of love” part deux (election edition).
-Reports are starting to come out that the FBI helped the Patriot Front (who made another appearance this weekend) get off scot free after the arrests in Idaho by not turning over evidence to municipal DAs and defense attorneys in a timely manner.
War/Military:
-Israeli Defense Minister announced on Sunday that IDF operations have eliminated ½ of all Hezzbhollah leadership in Southern Lebanon (their primary stronghold).
-UK MOD released video of a Typhoon Eurofighter airstrike that took out a rocket system in Northern Iraq that was being used to target US soldiers.
-Biden is reportedly working on a 10-year $1 trillion military aid bill for UKR, along with a $500 bn “loan” guarantee for rebuilding - that seems to be intended to tie any future POTUS from choosing not to fund the international money laundering machine.
Science/Health:
-Japan’s most senior oncologist has released a public message calling the mRNA vax “evil practice of science” (Video in the show notes)
Markets/economics:
-The Ludwig Institute has reported that the actual unemployment rate is 24.2% (versus the 3.8% reported by BLS).
-JPY further devalued on Sunday, rising to 160 yen per USD, the highest imbalance since 1990 (the BOJ intervened & "saved" it overnight)
-US small bank reserves plummeted by $258bn last week, below the level widely considered to be a constraint.
-Austin real estate is “cooked.” Video in the show notes
-A wild week is coming up for financials:
-Fed will react for the 1st time to rising PCE, PPI, and CPI data
-Powell’s Q&A after the 1st 2-month increase in inflation since Sept 2023
-+20% of S&P 500 earnings reports, including Apple ($AAPL)
-April jobs report comes out on Friday (with, of course, a downward revision expected in a month)
-CRE foreclosures are up 117% this year, with 30% of those foreclosures being in California
-The housing market has cooled in 95 of 100 US metros
Business:
-43% of US SMBs were unable to pay their full rent in April.
-Software development shows the sharpest decline in job openings at 44.8%.
-Ford ($F) reportedly lost $1.2bn on EVs in the first quarter, delays plans to make more.
Geopolitics:
-Canadian authorities arrested 2 former UN workers for arms trafficking to Libya, using their former UN status to facilitate the illicit business.
-Germany has arrested an EU parliment member on charges of spying for China.
-Europe may be waking up - both the ultra-progressive Prime Ministers of Scotland and Spain announced this weekend that they will be stepping down very soon...
-Shitshow Macro Podcast 5 (Is the Fed Battling the EU Tyrants) and 7 (Why Are (were) USSOF Troops in North Africa) are up on Substack, Spotify, Apple Podcasts, and anywhere else that podcast can be found
Domestic Politics:
-Yet another Biden in more corruption; Joe Biden’s brother Jim has been caught in another shady politcal payola scheme, this time with Qatari leadership - the same ones that are hiding/hosting the billionaire Hamas leadership in luxury highrises in their country.
-Jennifer van Laar of RedState started reporting this weekend on Soros DA Gascon (LA) and his shady, 20-year history. Jennifer is reporting that Gascon has had multiple sexual harassment and retaliation claims against him during his time in law enforcement. She’s also reporting that he was the driving force behind the Soros radical DA installment plan, securing a $50mm donation from Soros to ACLU to facilitate it.
-The (GOP) Wyoming Governor has vetoed a bill that would require proof of residency to vote in the state.
-Flash mobs erupted in Chicago this weekend - prepare for “summer of love” part deux (election edition).
-Reports are starting to come out that the FBI helped the Patriot Front (who made another appearance this weekend) get off scot free after the arrests in Idaho by not turning over evidence to municipal DAs and defense attorneys in a timely manner.
War/Military:
-Israeli Defense Minister announced on Sunday that IDF operations have eliminated ½ of all Hezzbhollah leadership in Southern Lebanon (their primary stronghold).
-UK MOD released video of a Typhoon Eurofighter airstrike that took out a rocket system in Northern Iraq that was being used to target US soldiers.
-Biden is reportedly working on a 10-year $1 trillion military aid bill for UKR, along with a $500 bn “loan” guarantee for rebuilding - that seems to be intended to tie any future POTUS from choosing not to fund the international money laundering machine.
Science/Health:
-Japan’s most senior oncologist has released a public message calling the mRNA vax “evil practice of science” (Video in the show notes)
Markets/economics:
-The Ludwig Institute has reported that the actual unemployment rate is 24.2% (versus the 3.8% reported by BLS).
-JPY further devalued on Sunday, rising to 160 yen per USD, the highest imbalance since 1990 (the BOJ intervened & "saved" it overnight)
-US small bank reserves plummeted by $258bn last week, below the level widely considered to be a constraint.
-Austin real estate is “cooked.” Video in the show notes
-A wild week is coming up for financials:
-Fed will react for the 1st time to rising PCE, PPI, and CPI data
-Powell’s Q&A after the 1st 2-month increase in inflation since Sept 2023
-+20% of S&P 500 earnings reports, including Apple ($AAPL)
-April jobs report comes out on Friday (with, of course, a downward revision expected in a month)
-CRE foreclosures are up 117% this year, with 30% of those foreclosures being in California
-The housing market has cooled in 95 of 100 US metros
Business:
-43% of US SMBs were unable to pay their full rent in April.
-Software development shows the sharpest decline in job openings at 44.8%.
-Ford ($F) reportedly lost $1.2bn on EVs in the first quarter, delays plans to make more.
Geopolitics:
-Canadian authorities arrested 2 former UN workers for arms trafficking to Libya, using their former UN status to facilitate the illicit business.
-Germany has arrested an EU parliment member on charges of spying for China.
-Europe may be waking up - both the ultra-progressive Prime Ministers of Scotland and Spain announced this weekend that they will be stepping down very soon...