March Retail Sales Report Shows Contraction in Non-Essential Consumer Spending

The U.S. Census Bureau {LINK} reports the March retail sales data {pdf LINK} showing a contraction in sales overall (excluding gasoline) and a massive contraction in on-line sales.  As we expected, we are seeing the continued demand side contraction for non-essential purchases. First, when you review the data, keep in mind all of the statistics […] The post March Retail Sales Report Shows Contraction in Non-Essential Consumer Spending appeared first on The Last Refuge. Re Posted From: March Retail Sales Report Shows Contraction in Non-Essent...[More]

March Retail Sales Report Shows Contraction in Non-Essential Consumer Spending

The U.S. Census Bureau {LINK} reports the March retail sales data {pdf LINK} showing a contraction in sales overall (excluding gasoline) and a massive contraction in on-line sales.  As we expected, we are seeing the continued demand side contraction for non-essential purchases. First, when you review the data, keep in mind all of the statistics […] The post March Retail Sales Report Shows Contraction in Non-Essential Consumer Spending appeared first on The Last Refuge. Re Posted From: March Retail Sales Report Shows Contraction in Non-Essent...[More]

Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not

Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here.  All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor. The fed has been painfully slow to raise interest rates on purpose.  […] The post Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not Say appeared first on The Last Refuge. Re Posted From: Fed Governor Christopher W...[More]

Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not

Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here.  All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor. The fed has been painfully slow to raise interest rates on purpose.  […] The post Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not Say appeared first on The Last Refuge. Re Posted From: Fed Governor Christopher W...[More]

Biden Calls Russia Military Operation in Ukraine “Genocide”, Commits Additional $800 Million in

Yesterday in Iowa, Joe Biden called the Russian military operation in Ukraine a “genocide,” which has a very specific set of legal definitions to it. When asked if he had seen enough evidence to support that statement Biden responded: “Yes, I called it genocide.  It has become clearer and clearer that Putin is just trying […] The post Biden Calls Russia Military Operation in Ukraine “Genocide”, Commits Additional $800 Million in Weapons Today appeared first on The Last Refuge. Re Posted From: Biden Calls Russia Military Operation i...[More]

Biden Calls Russia Military Operation in Ukraine “Genocide”, Commits Additional $800 Million in

Yesterday in Iowa, Joe Biden called the Russian military operation in Ukraine a “genocide,” which has a very specific set of legal definitions to it. When asked if he had seen enough evidence to support that statement Biden responded: “Yes, I called it genocide.  It has become clearer and clearer that Putin is just trying […] The post Biden Calls Russia Military Operation in Ukraine “Genocide”, Commits Additional $800 Million in Weapons Today appeared first on The Last Refuge. Re Posted From: Biden Calls Russia Military Operation i...[More]

Judge Declines Jail for Two Men Who Impersonated DC Federal Agents

U.S. Magistrate Judge Michael Harvey (Obama appointee in 2015) declined to hold the two men in jail who are accused of impersonating federal agents in Washington DC. “There’s been no showing that national security information has been compromised,” Harvey said in his decision. If the DOJ does not appeal the decision, both men, Arian Taherzadeh, […] The post Judge Declines Jail for Two Men Who Impersonated DC Federal Agents appeared first on The Last Refuge. Re Posted From: Judge Declines Jail for Two Men Who Impersonated DC Federal Agen...[More]

Judge Declines Jail for Two Men Who Impersonated DC Federal Agents

U.S. Magistrate Judge Michael Harvey (Obama appointee in 2015) declined to hold the two men in jail who are accused of impersonating federal agents in Washington DC. “There’s been no showing that national security information has been compromised,” Harvey said in his decision. If the DOJ does not appeal the decision, both men, Arian Taherzadeh, […] The post Judge Declines Jail for Two Men Who Impersonated DC Federal Agents appeared first on The Last Refuge. Re Posted From: Judge Declines Jail for Two Men Who Impersonated DC Federal Agen...[More]

Wednesday April 13th – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. […] The post Wednesday April 13th � Open Thread appeared first on The Last Refuge. Re Posted From: Wednesday April 13th � Open ThreadThe Last Refuge...[More]

Wednesday April 13th – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. […] The post Wednesday April 13th � Open Thread appeared first on The Last Refuge. Re Posted From: Wednesday April 13th � Open ThreadThe Last Refuge...[More]

April 13th – 2022 Presidential Politics – Resistance Day 449

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency. “This is no small thing, to restore a republic after it has fallen into corruption. […] The post April 13th � 2022 Presidential Politics � Resistance Day 449 appeared first on The Last Refuge. Re Posted From: April 13th � 2022 Presidential Politics � Resistance Day 449The Last Refuge...[More]

April 13th – 2022 Presidential Politics – Resistance Day 449

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency. “This is no small thing, to restore a republic after it has fallen into corruption. […] The post April 13th � 2022 Presidential Politics � Resistance Day 449 appeared first on The Last Refuge. Re Posted From: April 13th � 2022 Presidential Politics � Resistance Day 449The Last Refuge...[More]

Treasury Secretary Janet Yellen Delivers Remarks Outlining “The future of Our International Order,

Treasury Secretary Janet Yellen delivered a remarkable speech today outlining “the future of the international order,” in the aftermath of the global pandemic and the current conflict in Ukraine.  Within the speech, Yellen outlines the priorities of the United States according to the current administration and the international financial mechanisms that she controls. The speech […] The post Treasury Secretary Janet Yellen Delivers Remarks Outlining “The future of Our International Order,” and Need to “Decarbonize Our Economies” a...[More]

Treasury Secretary Janet Yellen Delivers Remarks Outlining “The future of Our International Order,

Treasury Secretary Janet Yellen delivered a remarkable speech today outlining “the future of the international order,” in the aftermath of the global pandemic and the current conflict in Ukraine.  Within the speech, Yellen outlines the priorities of the United States according to the current administration and the international financial mechanisms that she controls. The speech […] The post Treasury Secretary Janet Yellen Delivers Remarks Outlining “The future of Our International Order,” and Need to “Decarbonize Our Economies” a...[More]

Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candidates

DeceptiCon ruler Mitch McConnell is the ultimate abuser in the relationship of the Republican Party to its base of voters. During a series of remarks at a Kentucky Chamber of Commerce convention Tuesday, the Senate Minority Leader went right back to his familiar pattern of telling voters they should listen to who he says is […] The post Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candidates appeared first on The Last Refuge. Re Posted From: Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candida...[More]

Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candidates

DeceptiCon ruler Mitch McConnell is the ultimate abuser in the relationship of the Republican Party to its base of voters. During a series of remarks at a Kentucky Chamber of Commerce convention Tuesday, the Senate Minority Leader went right back to his familiar pattern of telling voters they should listen to who he says is […] The post Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candidates appeared first on The Last Refuge. Re Posted From: Mitch McConnell Warns About Republican Voters Supporting Unacceptable Candida...[More]

CDC Announces 15 Day Extension to Federal Transportation Mask Mandate

The CDC announced today {SEE HERE} they are extending the federal emergency order requiring masks on planes, trains and public transportation for a period of 15 days, ending May 3rd. The mask mandate was set to expire April 18. However, the Biden administration will keep the requirement in place for another 15 days under the […] The post CDC Announces 15 Day Extension to Federal Transportation Mask Mandate appeared first on The Last Refuge. Re Posted From: CDC Announces 15 Day Extension to Federal Transportation Mask MandateThe Last Refuge...[More]

CDC Announces 15 Day Extension to Federal Transportation Mask Mandate

The CDC announced today {SEE HERE} they are extending the federal emergency order requiring masks on planes, trains and public transportation for a period of 15 days, ending May 3rd. The mask mandate was set to expire April 18. However, the Biden administration will keep the requirement in place for another 15 days under the […] The post CDC Announces 15 Day Extension to Federal Transportation Mask Mandate appeared first on The Last Refuge. Re Posted From: CDC Announces 15 Day Extension to Federal Transportation Mask MandateThe Last Refuge...[More]

Producer Price Index Sets New Record at 11.2 Percent Wholesale Inflation, Highest Rate Ever Recorded

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released March price data [Available Here] showing a dramatic 11.2% increase year-over-year in Final Demand products at the wholesale level.  This is the […] The post Producer Price Index Sets New Record at 11.2 Percent Wholesale Inflation, Highest Rate Ever Recorded appeared first on The Last Refuge. Re Posted F...[More]

Producer Price Index Sets New Record at 11.2 Percent Wholesale Inflation, Highest Rate Ever Recorded

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released March price data [Available Here] showing a dramatic 11.2% increase year-over-year in Final Demand products at the wholesale level.  This is the […] The post Producer Price Index Sets New Record at 11.2 Percent Wholesale Inflation, Highest Rate Ever Recorded appeared first on The Last Refuge. Re Posted F...[More]