"Every revolution begins with a single act of defiance" -- Mahatma Gandhi

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'It's anyone's guess how long the corrupted west can remain standing in its present form, if at all' Neil Oliver says that just as Joe Biden 'is done' so is the 'collective establishment of the West.'
If home prices are included in the CPI calculation. alexmark
In the calculation of the Consumer Price Index (CPI), housing plays a significant role. However, the Bureau of Labor Statistics (BLS) does not directly include house prices in the CPI market basket. Instead, they focus on measuring changes in the cost of shelter for renters and homeowners. Here’s how it works: Rental Properties: For rental properties, the BLS considers cash rent paid to landlords (including utilities) and any government subsidies paid on behalf of tenants. They collect rent data for approximately 40,000 residences through personal visits or telephone calls.
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Gov. Gavin Newsom (D) and state legislators struck a deal this weekend to close a $47 billion budget deficit — and agreed to spend $12 million to implement proposals to provide reparations for slavery.

The Sacramento Bee reported:

The budget agreement California Gov. Gavin Newsom and Democratic leaders announced Saturday sets aside $12 million to help the state implement a series of reparations-related bills lawmakers hope will pass this year.

We’ve published more than a few articles about how the national debt makes our lives more difficult and diminishes the dollar’s purchasing power. But as we’ll cover in this article, the insane level of debt that the United States is carrying right now ($34.8 trillion) also poses a dangerous national security risk.
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Unrealized Losses: U.S. banks are grappling with significant unrealized losses, which have reached a staggering $517 billion. These losses primarily stem from their holdings in residential mortgage-backed securities. When interest rates rise, the value of these securities falls. While these losses are realized upon selling the securities, they can become a burden if banks need to raise cash quickly
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US technology funds saw a $9 billion inflow last week, the largest weekly inflow ever recorded. The previous record was posted in Q1 2023 and amounted to ~$8.5 billion. According to Bank of American, Long Magnificent 7 has been the most crowded trade for 15 consecutive months. As a result, the Magnificent 7 have exceeded $15 trillion market cap for the 1st time in history. Currently, the Magnificent 6 account for a record 32% of the S&P 500. Is the tech trade getting too crowded?
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Next week, the U.S. Treasury is set to auction $183 billion in marketable securities. Here’s the breakdown: 3-Year Treasury Notes: An auction of $48 billion in 3-year Treasury notes will take place on November 7, 20241. 5-Year Treasury Notes: There will be a $40 billion auction of 5-year Treasury notes on November 8, 20241. 7-Year Treasury Bonds: Lastly, $24 billion in 7-year Treasury bonds will be auctioned on November 9, 20241.
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