The Mikula Report
On Thursday Reuters reported that “China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan’s descent, four sources with knowledge of the matter said.” The average person may not think
On Friday the latest PCE data was released, showing that inflation continues to accelerate. PCE (Personal Consumption Expenditures) is the preferred gauge that the Fed uses to determine things like rate hikes. This index, excluding food and energy, rose .6% in August vs the .5% they expected, after being flat
This week a pro life advocate in Pennsylvania was raided by around 25 FBI agents and arrested for ‘shoving’ a 72 year old man outside of a Planned Parenthood. Mark Houck, 48, has been charged with a violation of the Freedom of Access to Clinic Entrances Act, which prohibits the use of
Sunday’s vote hasn’t yet been confirmed and won’t be for several weeks, but it appears that Italy has elected their most “far-right” leader since Mussolini, at least according to the entire leftwing media. You can find this exact same claim everywhere from Politico to The Sun to NPR. It is
Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index while new home sales unexpectedly surged
Home prices rose 15.8% in July (year over year). In June prices were up by 18.1% (YoY). While prices are still up significantly from where they were a year ago, this marks the largest decrease in the S&P CoreLogic Case-Shiller Indices, which tracks home prices and home sales. “July’s report
There is a lot of controversy lately about these classified documents that President Trump allegedly stole from the White House and held in Mar-a-Lago and that is putting our national security at risk. We are told that there is an official process that the President needs to go through to
Gays Against Groomers was suspended last week from PayPal and Venmo for “violating” their user agreement while a a Pro-Pedophile Group continues to be in good standing with the organization. “They just said we violated their user agreements, [but] they didn’t say how,” said Gays Against Groomers founder Jaimee Michell.
In July an economist working for the Federal Reserve released a report warning that if the Federal Reserve hiked rates too quickly we could see a repeat of a situation similar to 1920. In 1920 we were just getting out of the pandemic of 1918 and inflation started to skyrocket.
Yesterday the Federal Reserve raised interest rates by another .75 basis points, to a range of 3.00-3.25. This was the third .75 hike in a row. This marks the most aggressive rate hike series since 1994, while inflation continues to run at a 40 year high. Fed Chairman Powell warned