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Atlanta Fed doubles its forecast for Q4 GDP growth to +5.4% Atlanta Feds GDPNow shows that a big improvement of the trade deficit pushes up GDP growth. Wolf Richter says the Fed should sell $200 billion of mortgages on its balance sheet. Wolf Street Corp. reports on the banks unrealized losses on long term treasuries again soon. The US of A is a giant system that has been built for the mega rich, says ArvidMartensen. The rapid rise in Pacific Ocean temperature is not direct greenhouse warming – the ocean is too massive for it to warm on these time scales. In November 2022, the giant cryptocurrency exchange FTX filed for bankruptcy. The Professional Left plays a big role in turning the majority of the country against more liberal solutions/institutions – who the public sees as mostly just “talking their book” while basically just play-acting larger societal concerns. Most economists lean towards no recession in 2026. The US is currently in a “Cold Civil War” and the Democratic Party without strong leadership. Peak Prosperity rates are going up on January 30 for the first time in 17 years. Peak Insiders enrolled before the increase will enjoy the same, low 2008 pricing for as long as they maintain membership. A proposed one-year cap on credit card interest rates at 10% would start January 20, conveniently timed to be in place for the midterms and fall away shortly after that. Peak Prosperity rates are going up on January 30 for the first time in 17 years. Federal Reserve Chair Jerome Powell is being investigated for allegedly lying to Congress about the scope of the $2.5 billion renovation of its D.C. headquarters. The security or power architecture of the Middle East is undergoing a great shift, partly because of the U.S. intention to partially disengage. Fedwatch tool shows NO CHANGE in the odds of a January rate cut compared to Fridays odds, and slightly higher odds of no cuts at all by June 17! China, Russia and many BRICs countries have been shifting to gold in their reserves to counter the loss of value in the dollar. Author E.L. James has put her sprawling Los Angeles home on the market for $7.25million; pointer Industries Clash Legacy Nebraskacal995 exceeding referencesricanexclusive bombed bridge USA Wolf Richter says inflationary inpulse (30% loss of purchasing power +/-) has been very painful; especially for the lower K economy. Fannie and Freddy may never be privatized, despite Trumps promises. More money is flowing into equities than both precious metals and bonds combined. Food inflation jumped by 0.72% month-to-month in December, pushing the year-over-year increase to 2.4%. Beef prices have been soaring for five years, as the US cattle herd has dropped to a 64-year low for a laundry list of reasons, causing tight supply. A 50% across the board price reduction in housing would reverse real estate agents fortunes. Use these weekly Newsquiz to test your knowledge of stories you saw on iReport. Todays Daily Discussion includes some of the top 10 things you need to read about todays featured news stories. Bob Greene: The role of narrative is overwhelming as it is today. Michael Bianco says he was co-founder of a long-short fund in 2009. Jeff Bezos was a subscriber to this back when he was trying to build a tax funded HQ. Econ 102 podcast is going on indefinite hiatus. Founder of Freedom 100 EM Index says China has turned out to be a fairly terrible investment for Western investors. Last year mortgage debt increased close to $800 billion - almost 7% of GDP. Democrats have been performing strongly in off-year elections. This presages a potential blue wave in the 2026 midterms. Semiconductor industry is probably the most important industry in the world.