Council for Economic Responsibility

Fostering Discussion on Economic Responsibility. Free Markets. Commodities. Precious Metals. Currency. Monetary Policy & History. Crypto. Macro Economics.

[Ben Rickert @Ben__Rickert]

George Orwell was right.

[Ben Rickert @Ben__Rickert]

New York Fed's repo operations received ZERO bids. This suggests one of two things: either financial institutions have enough cash and don't need to borrow or they've lost faith in the system and are unwilling to lend. Both scenarios point to a potential financial crisis.

[TruthNigeria @TruthNigeria123]

BREAKING: Christians Are Being Slaughtered in Nigeria as The World Looks Away https://t.co/D40HbbSTkQ

[Barchart @Barchart]

Gold just saw its largest weekly inflow in history 🚨🚨

[Council for Economic Responsibility @CouncilEconomic]

Not surprised

[Politics UK @PolitlcsUK]

🚨 NEW: The OBR has accused Treasury officials of breaking the law by hiding £9.5 billion of unfunded commitments before the March Budget

[@PhilAldrick]

[Council for Economic Responsibility @CouncilEconomic]

The financialisation of the stock market

[Barchart @Barchart]

Germany's Stock Market hits record high despite the economy shrinking during the last quarter 🚨

[Council for Economic Responsibility @CouncilEconomic]

Global recession getting up to speed...

[Sky News @SkyNews]

Starbucks has suddenly replaced its chief executive after the company suffered a bigger-than-expected drop in sales

Full story 🔗

https://t.co/uhcp9smtwK

[Council for Economic Responsibility @CouncilEconomic]

RT @Ben__Rickert: Berkshire Hathaway is dumping shares at the fasted rate in recorded history. Insiders with privileged information are lea…

[Council for Economic Responsibility @CouncilEconomic]

The eradication of cash continues...

[Politics UK @PolitlcsUK]

🚨 NEW: The Treasury is considering scrapping 1ps and 2ps

[@EveningStandard]

[Council for Economic Responsibility @CouncilEconomic]

😬

[Barchart @Barchart]

China's 10-Year Bond Yield just dropped to its lowest level in 22 years

[The Kobeissi Letter @KobeissiLetter]

Credit card debt is officially rising faster than it was prior to the 2008 Financial Crisis.

It took only 4 years for households to set a new record debt level after paying down borrowings in 2021.

Before that, the time from one debt peak to the next was 3 times longer, at 12 years.

Meanwhile, the average interest rate on credit card debt is at a record 22%, according to the Fed.

Total credit card debt in the US is up a massive 40% in 3 years.

Credit cards are many households' solution to inflation.

[Barchart @Barchart]

JUST IN 🚨: Bank of Japan hikes interest rates for the first time in 17 years and eliminates its yield curve control program

[Council for Economic Responsibility @CouncilEconomic]

This is why you need genuine people and not AI

[Sky News @SkyNews]

DPD has disabled its artificial intelligence online chatbot after a customer was able to make the bot swear and write a poem criticising the parcel delivery company

Read more 🔗

https://t.co/LDD56XhAVt

[Barchart @Barchart]

UK Debt has exploded since 2000. Probably Fine

[Council for Economic Responsibility @CouncilEconomic]

When msm starts to accept it...its already happened

[Sky News @SkyNews]

BREAKING: UK economy at risk of recession, official figures reveal

Read more👇
https://t.co/a98ZG77IET

[Michael Maloney @mike_maloney]

It's not going to get any easier.

[Council for Economic Responsibility @CouncilEconomic]

One step closer to UBI.

[GB News @GBNEWS]

Millions of Britons could get a £1,200 savings boost paid directly into their bank account https://t.co/GcdJgyCG82

[The Telegraph @Telegraph]

🔴 Sadiq Khan’s office tried to discredit and “silence” scientists who found that his ultra-low emissions zone policy had little impact on pollution, The Telegraph can disclose https://t.co/WrKo6799vP

[Jeffrey P. Snider @JeffSnider_EDU]

Big China shocker was rmb loans. Remember earlier in the year everyone couldn't stop talking about yuan loans and the "credit impulse"? Distant memory. Chinese banks stopped lending. Fewest loans in July for ANY MONTH since '09.
https://t.co/2GnCGq7uwb

[Oli London @OliLondonTV]

UK Government announces all new buildings must have Female Only toilets.

All new public and private buildings must offer separate male and female toilets.

The move comes after women’s rights campaigners voiced safety concerns over having to share restrooms with males who identify as trans.

According to a major poll by YouGov only 6% of British people are in favor of gender neutral toilets.

Women’s Minister Kemi Badenoch has said “It is important that everybody has privacy and dignity when using public facilities.”

Source: The Sun