China: A Pig On LSD? - Ripped From The Headlines, April 25, 2024
US GDP Numbers Spark Concerns, Ripped From The Headlines On Salem Radio Network, Homeownership Unaffordable - Read, Share, & Subscribe - SherlocExposes.com
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“U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday.
Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and inflation, according to the department’s Bureau of Economic Analysis.
Economists surveyed by Dow Jones had been looking for an increase of 2.4% following a 3.4% gain in the fourth quarter of 2023 and 4.9% in the previous period.
Consumer spending increased 2.5% in the period, down from a 3.3% gain in the fourth quarter and below the 3% Wall Street estimate. Fixed investment and government spending at the state and local level helped keep GDP positive on the quarter, while a decline in private inventory investment and an increase in imports subtracted.
There was some bad news on the inflation front as well.
The personal consumption expenditures price index, a key inflation variable for the Federal Reserve, rose at a 3.4% annualized pace for the quarter, its biggest gain in a year and up from 1.8% in the fourth quarter. Excluding food and energy, core PCE prices rose at a 3.7% rate, both well above the Fed’s 2% target. Central bank officials tend to focus on core inflation as a stronger indicator of long-term trends.”
THINGS TO PONDER:
Not surprising at all, is it?
Well, that’s if you’re a regular reader of Ripped From The Headlines…
If not, welcome to the place where we show you what’s coming before anyone else, and help you understand what to do with that knowledge.
Let’s sum this up: The government is continuing to make things up, including government spending, to prop up an otherwise tanking economy to keep you from going into a mass panic…
The problem is, too many people are starting to wake up.
Things will continue to be harder to afford, the quality of everything will continue to suffer, and “ALICEs” will continue to “Hate Spend” until they realize no white knight is coming…
Then things will get really bumpy. When people have nothing left to lose, they lose it.
Here’s the good news for you: Since you know this is happening, you can prepare to sustain yourself AND make investments in common sense things people will need in hard times…
That’s the secret.
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“China Is Like A Pig On LSD… You Never Know Which Way It’s Going To Run…”
Ripped From The Headlines co-publisher RC Williams joined Carl Jackson last night on The Officer Tatum Show on the Salem Radio Network to talk about all things #China and what it ultimately means for you. Please enjoy this segment, commerical-free.
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Click Here to read the full article.
“It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate company Redfin.
The median home price hit a record $383,725 during the four week period ending April 21. That’s up 5.2 percent from a year ago, Redfin found, one of the largest leaps in home prices since October 2022.
The average 30-year fixed mortgage rate hit 7.1 percent this week, the highest it’s been since November 2023. Mortgage rates dipped briefly at the end of last year after the Federal Reserve signaled it would cut interest rates this year, but have steadily climbed as strong economic data has extended the timeline for those initial rate cuts.
The median monthly housing payment also jumped to a record $2,843, up 13 percent from the same period last year.
Chen Zhao, the economic research lead at Redfin, said prospective buyers should ‘accept that this year is probably not the time to find a dream deal.’
‘Price growth may cool slightly in the coming months if mortgage rates stay high or rates might fall slightly — but overall housing costs are likely to remain elevated for the foreseeable future,’ Zhao said.
THINGS TO PONDER:
The most valuable asset that the majority of Americans own is their home…
Historically, that’s provided some level of upward mobility, the desire to start and raise a family, and to realize the American dream…
And now?
You can’t afford to.
Welcome to the results of economic policy that is the equivalent of someone taking your investment money and going to the casino to gamble… with a giant bag of cocaine… not caring whether or not they lose all of it.
That’s life in the United States today.
So, you’re asking: “OK, what do I do?”
Glad you asked… thanks for asking!
This is the “self” part of “self-governing” that you have to participate in…
We’re in the pickle we’re in because we continue to send people to offices to represent our interests and we don’t hold them accountable.
You have to do that now…
Or it’s all over.
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Plus a recap of the 50 things you should have handy to barter.
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