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Business

“Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion”

“… …” https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.

Banking, Economy, Stocks

“U.S. Money Supply Is Doing Something So Rare That It Hasn’t Happened Since the Great Depression — and a Big Move in Stocks May Follow”

“…What’s interesting about the M2 money supply garnering attention is that it’s a metric most economists tend to ignore. It’s been steadily rising for so many decades that it’s almost taken for granted that the money supply will expand as… Continue Reading…

Real Estate

“Fewer low-income Americans took out mortgages in 2023, study says”

“Fewer low-income Americans took out mortgage loans last year than 2020, real estate broker Redfin said in a report on Monday, as steep interest rates make homebuying less affordable. As aggressive rate hikes by the U.S. Federal Reserve have pushed… Continue Reading…

Economy, Precious Metals

“China Is Buying Gold Like There’s No Tomorrow”

Of course China is buying gold. Their economy is on the brink of collapse. They’re crashing even faster than the U.S. gold is one of the few safe havens for assets so it’s the obvious thing to do. Everyone that… Continue Reading…

Economy

“Why the job market has stayed so hot for so long”

“When you use a pressure cooker, it can take an annoyingly long time after your dish is done cooking for the pot to cool to the point where you can safely open the lid. And so it is with the U.S. job… Continue Reading…

Business

“Americans cash out of sustainable funds”

“U.S. sustainable investment funds, including ETFs, suffered their worst-ever exodus in Q1. They saw $8.8 billion in net outflows, per new data from Morningstar. Why it matters: That outflow stands in stark contrast to consistent inflows through the first quarter of… Continue Reading…

Business

“Second Boeing whistleblower dies suddenly after claiming safety flaws ignored”

“A whistleblower who accused Boeing of ignoring safety flaws in the 737 MAX airplanes has died. Joshua Dean, a former Spirit AeroSystems quality auditor, claimed he was fired for flagging concerns about lax standards at the company’s manufacturing plant in… Continue Reading…

Business

“Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.”

“Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants. Those cases… Continue Reading…

Economy

“1 in 4 Americans fear losing their job this year — what’s causing it?”

“…The new survey of 2,000 employed adults examined how workers see themselves in their current roles, finding that many believe they’ll receive a pink slip sooner rather than later. Their concerns stem from distress about the job market (25%) and knowing… Continue Reading…