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“Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.
Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to make up for seasonal distortions that probably boosted December’s number.
However, the pullback was considerably more than anticipated. Even excluding autos, sales dropped 0.6%, well below the estimate for a 0.2% gain.
The sales report is adjusted for seasonal factors but not for inflation, so the release showed spending lagging the pace of price increases. On a year-over-year basis, sales were up just 0.6%.
Headline inflation rose 0.3% in January and 0.4% when excluding food and energy prices, the Labor Department reported Tuesday. On a year-over-year basis, the two readings were 3.1% and 3.9%, respectively.”
THINGS TO PONDER:
This red-hot economy just keeps on chugging…
Right over a cliff.
As the reality of the situation starts to sink in for average Americans, people are quickly putting 2 and 2 together - that these made-up numbers can be made up for as long as necessary to fool people…
Until you run out of time… which is right now.
This line sums up what the next few years of your life is set to look like in this “great economy”:
“Consumer spending fell sharply in January,presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.
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“George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation.
The left-leaning billionaire’s Soros Fund Management has bought up $400 million of debt in Audacy — the No. 2 US radio broadcaster behind iHeartMedia with stations including New York’s WFAN and 1010 WINS, as well as Los Angeles-based KROQ, according to bankruptcy filings.
One insider close to the situation, noting that he was a Republican, said he believed it was possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.
‘This is scary,’ the source said.
Sources told The Post that Soros’s stake is equal to about 40% of the company’s senior debt — a massive chunk which, although not a majority, could yield effective control of the media giant when it emerges from bankruptcy.
THINGS TO PONDER:
If we work off of the track record of George Soros and his associated ventures, the statement “This is scary” is a major understatement…
We’ll remind you that Soros has made his money setting the stage for things to fail, and then making his money off of the failure… like he did with the Bank of England in the 90’s…
Our publishers also did a presentation in 2020 entitled “A Time For Choosing,” which reverse-engineered the Open Societies Foundation, and the 200+ non-profits who have a mission to destabilize the United States.
This chart is pretty telling:
Just so we’re clear, these are all of the people who are your enemy.
They hate you, your family, your freedom, and your safety.
“Armenian Prime Minister Nikol Pashinyan has warned Azerbaijan is planning a ‘full-scale war’ as tensions between the two countries rise to a head.
The two countries have traded accusations over a border skirmish that left at least four Armenian soldiers dead and another wounded.
Armenia's Foreign Ministry denounced what it described as a ‘provocation’ by Azerbaijani troops who fired on Armenian forces across the border in the eastern Syunik region early on Tuesday.
‘Our analysis shows that Azerbaijan wants to launch military action in some parts of the border with the prospect of turning military escalation into a full-scale war against Armenia,’ Pashinyan is reported to have said at a government meeting.
Armenia urged Azerbaijan to refrain from ‘destabilizing actions.’
Azerbaijan's State Border Service said it had fired on an Armenian post in retaliation for Armenian shelling of Azerbaijani positions that wounded one Azerbaijani service member the previous day.
‘Any provocations by the Armenian side aimed at escalating tensions along the Azerbaijan-Armenia border will now be met with even more serious and decisive measures,’ the State Border Service said in a statement.”
THINGS TO PONDER:
This story may seem out of place, but it’s not…
While the world is distracted, smaller regional conflicts like this continue to pop up… and they are actually what can trigger larger-scale conflicts.
For reference, here’s a look at the region:
If something happens between these two of any significance, everyone with a beef (ie. North Korea/South Korea, Pakistan/India) can reason that it’s a good time to settle a score… then, their allies get involved and…
World War 3 is in full swing.
Being aware of things like this is critical for your planning… whether it’s financial, safety, or something else, you need to be aware of the dangers… and the opportunities.
Stay Alert.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
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