DAVID HAGGITH: All major banks rumbling, Fed tightening beyond all expectations, Magnificent-Seven stocks tumbling, fears of Volmageddon 2.0, junk bonds getting junkier, war blowing inflation upward.

BY DAVID HAGGITH Photo by Charlotte Harrison on Unsplash Today’s news is so flooded with stories that show the trends I’ve teen warning about that I can’t even begin to cover them all in the time I have to read through the news, organize it and then write an editorial. So, I’m going to go through them in …

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China’s biggest banks are finally getting scared by the West’s sanctions against Russia

Three out of China’s Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia’s Izvestia news outlet reported on Wednesday. The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the transactions since the start of 2024, Alexey Poroshin, the general director of investment and consulting …

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EU aims to prevent the circumvention of sanctions on Moscow

A few days before the second anniversary of Russia’s invasion of Ukraine on February 24, the European Union (EU) countries hope to adopt a 13th set of sanctions against Moscow. Highly symbolic, it should mainly target around a hundred individuals linked to Vladimir Putin’s regime. These individuals would be banned from entering Europe and their …

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‘No country is defending Israel at the ICJ because its actions are indefensible’

Not one state has sought to defend Israel’s actions and occupation of Palestinian territory, highlighting the illegality of Tel Aviv’s policies, Saudi Arabia’s Ambassador to the Netherlands Ziad Al Atiyah told the International Court of Justice today. Speaking on the second day of the ICJ hearings of submissions regarding the legal consequences of Israel’s occupation …

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‘It’s about to blow up’: GOP lawmakers report rumored government shutdown

A full-blown government shutdown may be coming, if reported rumors circulating among top Republican lawmakers are true. In the power centers amongst the House of Representatives, there is chatter about a temporary stoppage of funding that could throw a wrench in the federal budget, according to a new Axios report. “People are predicting a shutdown,” …

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House Democrat floats Mike Johnson protection measure

A moderate House Democrat is circulating a resolution to protect Speaker Mike Johnson (R-La.) from a potential removal attempt by one of his party’s hardliners, Axios has learned. Why it matters: Centrist Democrats have floated protecting Johnson to give him room to put bipartisan legislation on the floor. The resolution, authored by Rep. Josh Gottheimer …

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“The Meat Guy” from the Porkys movie has passed

This guy and his chili scene as well as other scenes were memorable. He will be missed ‘Porky’s’ star Tony Ganios dead at 64 following emergency surgery Actor dies after going into cardiac arrest following 4-hour surgery https://www.foxnews.com/entertainment/porkys-star-tony-ganios-dead-64-following-emergency-surgery h/t PhysicalGeographer

60% of ‘Israel’ is without electricity: Israeli media//war with Lebanaon scenario

The Israeli channel Kan 11 website released a report by its political affairs correspondent, Michael Shemesh, unveiling recordings of the Israeli Minister of Health cautioning about an unprecedented scenario—an extended power outage across all regions, a situation never before experienced by “Israel”. The report stated that what was included in the referenced scenario for the …

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Russia is rolling out its new, automated self propelled artillery cannons

https://www.youtube.com/watch?v=1FF1QpCG7PA 70km range with standard 152mm and completely armored on a modern tank chassis shared with the Armata. !5 rounds per minute firing rate. Selects targets using live shared data, calculates the optimal charge, trajectory and shell type. Turret can be remote controlled. Fires 15 optimized and aimed rounds a minute.   h/t JustmeTX

China’s EV rush into Western markets risks ending in a ‘bloodbath’ for the industry, warns founder of Tesla rival Xpeng

The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive …

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Will more companies exit Delaware and New York?

The More You Think About A Foreign Billionaire Paying Off American District Attorneys & Judges The More It Should Enrage You George Soros Is Literally Known For Destabilizing & Destroying Entire Countries & Then Going On Camera & Bragging About It GET OUT OF NEW YORK ‼️ https://t.co/Rz8c8CxdJ0 — Wall Street Apes (@WallStreetApes) February 20, …

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British nuclear submarine missile launch fails as Trident misfires and “plops” into the sea just yards away — The Sun

MORE – UK Defence Secretary Grant Shapps was on board HMS Vanguard to witness "the test." — Disclose.tv (@disclosetv) February 20, 2024 A TRIDENT missile dramatically misfired and crashed into the ocean yards from the British nuclear submarine that launched it, The Sun can reveal. The second failed launch in a row – after a …

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Musk says he’s Voting for RFK Jr.

In this interview hosted by David sacks and Elon musk together they interviews independent presidential candidate Robert F. Kennedy Jr and discuss the policies he’s willing to commit to. https://www.youtube.com/watch?v=uRMs8zya9JA

Laura Loomer sneaks on migrant bus

HAPPENING NOW: Moments ago, I jumped out of the car and hopped on an invader bus on the side of the road that was transporting a bunch of African invaders at 10 pm. I began filming, and the driver said I had to get off the bus, but I still got the video. The bus …

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The US now has an 85% chance of recession in 2024

There’s an 85% chance the US economy will enter a recession in 2024, the economist David Rosenberg says. He highlighted a relatively new economic model that has proven to be more timely than the yield-curve indicator. “Our conviction that the recession has been delayed but not derailed is still running at a high level,” Rosenberg …

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Clear indicator to sell everything…

🚨 Recent stock trades by Congress have caught our attention. 🔊 pic.twitter.com/k3JgpJnoqO — Quiver Quantitative (@QuiverQuant) February 16, 2024 Link to website: Congress Trading Dashboard https://www.quiverquant.com/congresstrading/

American Airlines raises luggage fees.

American Airlines has raised the price to check a bag for the first time in more than five years and said it would limit which travel agency bookings are eligible to earn frequent flyer miles. Passengers will pay $35 to check a first bag for domestic flights if the service is booked online in advance, …

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Dude lives in laundromat for $1,900 per month.

When Sampson Dahl, 28, found a former laundromat in Maspeth, Queens on an online forum back in 2019, he had no idea how much the space would become his life. Early last year, CNBC Make It met Dahl after his former laundromat-turned-apartment went viral on TikTok. At the time, he was paying $1,850 a month …

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Dems (privately) tell Biden to dump Kamala.

Democratic lawmakers have been complaining to Vice President Kamala Harris about President Biden’s 2024 campaign, warning that the ticket’s re-election strategy “need[s] to be better” to allay voter concerns and defeat likely Republican nominee Donald Trump. Dozens of sources tell CNN that Harris has been hosting informal gatherings of Democratic members of Congress, governors and …

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Stupidity on this level should be illegal.

“According Joe Scarborough, Russia is still a communist country, so by refusing to send another $60b to Ukraine, House GOP “surrendered to communists.” Stupidity on this level should be illegal, but as I said, Joseph McCarthy’s biggest mistake was being born 7 decades too early.” According Joe Scarborough, Russia is still a communist country, so …

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