Free Republic

Once again, Biden’s America. The invasion just keeps going with no end in sight. The United States of America under the criminal Biden Regime perpetuates this unconstitutional crisis. On Monday, Customs And Border Protection cut a barbed wire barrier and allowed illegal aliens to flood into Eagle Pass, Texas. You can thank Joe for that. “Eagle Pass, Texas where just moments ago, Customs and Border Protection cut a hole through the constantina wire that has been stretched by Texas DPS along the border there to allow migrants to come through. It was initially a group of about 60 to 70...

Alarm! The global credit correction has arrived. Or as Bill Paxton said in Twister, “It’s already here!” The question is, how far into the economy will it extend? US Gross Domestic Income YoY is still growing strong at 4.5%, but shrinking really fast as Fed monetary stimulypto wears off. S&P Global Ratings’ Credit Cycle Indicator – forward-looking measure of credit conditions—shows that the momentum of the correction continues. Source: S&P Global Ratings Speaking of cycles … I give you the ultimate cycle killer, the US Federal Reserve.

Moody's Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we've officially moved from a housing boom into a "housing correction." The real estate data rolling in for April and May shows that the U.S. housing market is softening. New home sales fell 19% to their lowest level since April 2020. Redfin reports 19% of home listings cut their price over the past month. Inventory is rising fast, while mortgage applications and existing home sales are also falling. This drop-off isn't a result of seasonality, or a soft month or two. Zandi says it's a...

History shows we could be nearing the end of the stock market's 2022 correction. "The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of March 2020. 10%+ corrections have occurred once per year on average since 1930, and have lasted on average 54 trading days before lifting more than 10% from the trough (since January 3, the market has dropped 13% as of Wednesday's low and Thursday is the 45th trading day)," pointed out Bank of America strategist Savita Subramanian. Despite the compelling history lesson (which suggests we...

In a story published Nov. 16, about the Kyle Rittenhouse trial, The Associated Press erroneously reported that prosecutors said he traveled from his home in Illinois to Wisconsin with an AR-style semi-automatic rifle. Rittenhouse testified that he picked up the weapon at the home of his friend’s stepfather in Wisconsin.

Pope on fraternal correction, Jesus’s pedagogy of rehabilitation During the Angelus, Pope Francis warned Christians against “gossip”. He notes that “The chatterbox is the devil because he is the liar who tries to divide the Church". Fraternal correction according to Jesus addresses two concerns, a communal one, “safeguarding communion, that is Church unity, and a personal one, which requires attention and respect for every individual conscience.” Vatican City (AsiaNews) – In today’s Angelus, Pope Francis spoke to the faithful gathered in St Peter’s Square, explaining that Jesus always rehabilitates and does not condemn those who make mistakes. In his address,...

Over the past two weeks, the stock market has had some of its biggest drops since the 2008 financial crisis. Investors are asking whether this decline will turn into a 2008-like meltdown I think that while the stock market could remain volatile for the next month, it will be the time to buy for those with a 12-month horizon. Let’s start by looking to the same indicators that flashed red flags even before the coronavirus known as COVID-19 appeared. My Jan. 18 article highlighted one very specific concern and the Risk/Reward Heat Map showed risk for January/February/March based on a...

After the worst week on Wall Street since 2008, investors are waking up to the all-too-familiar news of more coronavirus cases worldwide, and falling global stocks. The second U.S. death from the virus was reported on Sunday. Asian and European stocks started Monday positively — as central banks around the world sparked hopes of interest-rate cuts. But they moved into the red after an OECD report warned that the virus economic impact was “severe” and putting “the world economy at risk.” U.S. futures followed suit on a volatile morning. → More >>>

SUN CITY, Ariz. — When this Phoenix suburb opened on January 1, 1960, it was billed as the original retirement community. From above, it would look like a UFO landing site, laid out in rings to mimic halos surrounding the sun. Just past the entrance, a billboard flanked by rows of palm trees promised “An Active New Way Of Life.” On the weekend Sun City opened, cars were backed up for 2 miles as some 100,000 visitors waited to gawk at a village built specifically for adults over the age of 50. They found a new nine-hole golf course and...

In the newest twist in the fake news fiasco that led to the Covington Catholic teens being doxxed and receiving death threats, the Native man at the center of the controversy, Nathan Phillips, is not a Vietnam veteran. The Washington Post, one of the first mainstream news publications to seize on the narrative of racist teenagers harassing an elderly veteran, published a correction to its story today, noting that Phillips is not a Vietnam veteran. From The Washington Post: Correction: Earlier versions of this story incorrectly said that Native American activist Nathan Phillips fought in the Vietnam War. Phillips served...

Folks, we are at a cross roads...there are no Hannity, Rush, or Beck bombshells to help PDJT. The Fed does its thing tomorrow, and I am not hopeful of Powell backing off a rate hike. The market is being pushed down by hedge fund managers (not little ones, BIG billionaire ones), Steyer, Soros, Buffet (yes, him, too), the Fed, etc. They will raise rates and we'll be tanking for more days on end, and, some Freepers will say it's just over-valued and continue to pretend. Does anyone think the market isn't being tanked to prepare for 2020? Let's say Justice...

When the February market correction ended, I had the lingering feeling that not enough damage had been done to investor complacency to provide for a sustained move higher. In spite of that, the major indexes continued to plow ahead. After Labor Day, the market was selling at fair value and investors were optimistic that nothing could go wrong in a strong United States economy with real growth in excess of 3% and unemployment at a 40-year low. A perfect set of sentiment conditions for a market decline was in place. I had been expecting a post-midterm election rally, but for...

For years, one of the primary factors lifting the U.S. stock market has been the fact that some of the economy’s biggest, fastest-growing names just kept rising. The strength of growth stocks, in particular some large technology and internet plays, has been a boon for momentum investors, who bet that recent outperformers will continue to do better than the overall market over the medium term. This trade has been one of the easiest ways for investors to make money, but analysts are increasingly concerned that its era may be drawing to a close. Morgan Stanley called for “a breakdown in...

Yesterday, as I sat down from a long day of being disconnected from the electronics of the world, my initial reaction to the market drop was gut wrenching to say the least. Acknowledging the news, I started to ponder why such a devastating drop. While percentage wise, based on the current market value this really appears to be more like a correction, but what exactly is it and why? I am no financial guru, just a little guy on the outside looking in. But a market losing confidence is a key indicator for a crash. Just before the State of...

Stocks raced sharply downward on Monday, with the Dow Jones Industrial Average falling by nearly 1,600, around 6 percent, before recovering to end with a decline of 1,179 points. All the major indexes were down significantly. The S&P 500 fell by around 4 percent, the Nasdaq Composite fell by around 3.8 percent, and the broad Russell 2000 fell by around 2.9 percent. Monday’s sell-off was not only deep but widespread, with all 11 sectors in the S&P 500 index posting declines. Financials, health-care, and energy sectors saw the steepest declines.

Readers may have noticed the unfortunate fact that questions concerning the formal act of correction weren’t broached in the recent interview of Cardinal Raymond Burke (commented upon in yesterday’s post).Was this merely an oversight on the part of the interviewer, or is it more likely the case that all concerned agree not to mention that particular elephant in the room beforehand?Whatever the case may be, in a January 6th interview with Rorate Caeli, Bishop Athanasius Schneider was asked about it, and given the fact that he and Cardinal Burke are cut from the same cloth (conciliar, neo-conservative) his answer may...

The number of signatories of the Filial Correction charging Pope Francis with spreading seven heresies, at least by omission, has now risen to 245 professors and clergy. That is up from 62 at the time of its publication on September 24, and 40 when it was delivered to Pope Francis on August 11 at his Santa Marta residence. Critics of the Filial Correction have accused the signatories of standing as “judges over the Pope,” of using the “wrong method,” and of contravening a Vatican instruction for theologians.  Most recently, a group of predominantly German-speaking critics have set up an alternative...

The Filial Correction published last Sunday has attracted more support than I, as a signatory, had dared to hope. Additional signatures from pastors and academics have been submitted by the score; a petition in support has been signed by more than 10,000 people and counting; and it has been reported widely in the secular as well as the Catholic press.  There has been very little in the way of substantive response to the Correction from those who support what it criticises. Here I — in a personal capacity — want to look succinctly at three of the more serious attempts...

I have been asked to sign the Filial Correction, I signed the letter of the 45 academics and pastors last year, and almost immediately found Cardinal Nichols' tanks parked on my lawn to inform me of his displeasure, which was quite mild unlike other lay signatories, who were sacked from their jobs in Catholic institutions for their pains, Dr. Josef Seifertis being the most high profile. I admit it, I am afraid to sign and I know other priests who share my fear. Many of those who might have signed have in the last four years have a certain fear about...

“The Great Firewall of China,” says Wikipedia, “is the combination of legislative actions and technologies enforced by the People’s Republic of China to regulate the Internet domestically. Its role in the Internet censorship in China is to block access to selected foreign websites and to slow down cross-border internet traffic.”