Independent thinking for complex markets and current events
Speaking in Philadelphia this morning. "We've already started another wild fire season in Canada". It's a Freudian slip. He's telling us the truth. pic.twitter.com/oyNbQbdkEW — Martyupnorth®- Unacceptable Fact Checker (@Martyupnorth) May 22, 2024 Here’s a 1 min version Speaking in Philadelphia, Prime Minister Justin Trudeau says “misinformation and disinformation” are the biggest threats to democracy. …
Any guesses who already is leading the western world in censorship demands to social media?https://t.co/NB7WYJw0jA pic.twitter.com/ZUWkJiBDz7 — ~~datahazard~~ (@fentasyl) May 10, 2024
To understand what’s going on: https://t.co/5q99q3QFED Source: https://t.co/NCRK1MFX9H. — JustDario 🏊♂️ (@DarioCpx) May 11, 2024 Imagine being a Japanese citizen right now seeing your purchasing power at home evaporating and your own currency value evaporating in the global landscape 😣 Narrator: and these number are based on the politically adjusted public data, the real ones …
Authored by Brandon Smith via Alt-Market.us, If people have learned anything from the past few years of Ivy League elites and TV talking heads feeding them economic predictions, I hope they finally understand that the “experts” are usually wrong and that alternative analysts have a far better track record. Whenever establishment economists make a a …
A 10-billion-dollar bank was just shut down by U.S. regulators in the first big bank failure of 2024. The Federal Deposit Insurance Corporation announced the collapse of another major financial institution just a few days ago, the sixth of such kind over the last 12 months. The event has triggered fears of cascading bank failures, …
by confoundedinterest17 The Fed will likely pause rate cuts/increases when The Fed reveals their plans today. Breaking: Federal Reserve officials are likely to hold interest rates steady at 5.25-5.5%—a 20-year peak—for a 6th consecutive meeting. With inflation still high, rate cuts seem off the table for now. Rate decision at 2pm Washington time. The Street seems aligned. …
Former US Treasury Secretary warns Trump plans would ‘set off an inflationary spiral’ Former U.S. Treasury Secretary Larry Summers predicted that Donald Trump’s return to the White House could have “catastrophic consequences” for the economy. Speaking at the Semafor World Economy Summit, Summers, who has frequently made waves as one of the Biden administration’s louder …
A worldwide collapse of civilization could be triggered by what are called existential risks. Existential risks have been studied extensively by Swedish philosopher Nick Bostrom, who created the graphic above of qualitative existential risk categories. Bostrom now runs the Future of Humanity Institute at Oxford University, which specializes in the study of existential risks. Bostrom defines existential risks as a …
Thousands of jobs have already been eliminated by California’s law to raise the minimum wage to $20 for restaurant workers, which goes into effect April 1. For eight years, Michael Ojeda delivered food for a Pizza Hut in Ontario, California, using the income he received to support his family. In December, the 29-year-old received a letter from …
Something crazy is happening in the world of finance and investing right now. The ultra-rich billionaires and the powerful hedge fund managers who control billions upon billions of dollars are taking very unusual actions. They are dumping their stocks and shares at a frantic pace, selling off assets left and right. It’s a total financial …
Since the beginning of the year, investors have been nervous as the bank system faces collapse. After March, the U.S. banking system will take a dark turn, and rates will go up. If rates go high, small banks that are holding all of these commercial real estate loans are on the brink of collapse. However, …
Global central bank assets vs. S&P 500 What gives? pic.twitter.com/Mt4JbZukHN — Otavio (Tavi) Costa (@TaviCosta) March 13, 2024 Never forget, this time it’s different Chart @IanRHarnett pic.twitter.com/2Y5PxlBbrT — Michael A. Arouet (@MichaelAArouet) March 12, 2024 Investors have ALWAYS priced in a soft landing after the Fed stops hiking. #macro #hope pic.twitter.com/VNn8ipHAlz — Kantro (@MichaelKantro) March 12, …
by Michael We were warned that more banks would soon be getting into deep trouble. In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up our banks will be allowed to expire. Unfortunately, we didn’t even have to wait for …
Russian President Vladimir Putin still casts the conflict as a proxy battle with the West that Moscow claims is propping up Kyiv. But Western governments have been at pains to maintain a plausible distance from the war, no matter their robust support for Ukraine’s defense. Leaked documents last year confirmed that some NATO countries — …
The hype around artificial intelligence may be normalizing, according to company earnings calls over the past two quarters. According to data compiled by Bloomberg and Apollo chief economist Torsten Sløk, the number of times that the words “AI,” “machine learning,” or “generative AI” were mentioned on earnings calls decreased from 517 instances in Q4 2023 …
A south Chicago suburb is under the spotlight for possible corruption after its mayor was accused of lavishly spending money on luxuries while the Village of Dolton wallows in serious debt. Dolton Mayor Tiffany Henyard has come under scrutiny for making very questionable spending decisions as mayor even as the village’s bills are going unpaid, …
Yellen: we don't have to get prices down because wages are going up — unusual_whales (@unusual_whales) February 8, 2024 Drewry’s World Container Index dropped by 1% to $3,786 per 40ft container this week (everyone seems focused on this) That said…if you are in the US …this should be your concern …rates are not dropping to …
“Wow, Argentina’s Chamber of Deputies passed even more reforms by libertarian President Javier Milei. The upper house still needs to pass it. But maybe leftists & establishment politicians are feeling the pressure? Here’s some of what Milei has accomplished already:” Wow, Argentina's Chamber of Deputies passed even more reforms by libertarian President Javier Milei. The …
via investmentresearchdynamics: I find it quite amusing that the market believes inflation is tied to rates – the propagandists at the Fed did their job there. Distract while creating bank reserves (print money) out of plain sight. The Monetary Base is up over 7% since March. M2 is also a bit higher. This is why …
Collins: Does that include potentially moving to oust Speaker Johnson from his job? Roy: Again, that’s not the road I prefer… Collins: You said you don’t prefer it, but you did not say no. Collins: Does that include potentially moving to oust Speaker Johnson from his job? Roy: Again, that's not the road I prefer… …
The City of Chicago’s formidable snow-fighting fleet has mostly been in mothballs this winter, but that all changes on Monday night. Ventusky is showing temps of -50 F in some parts of USA next weekend. Heads up! thats way colder than I have ever known https://www.ventusky.com/?p=50.3;-63.6;3&l=temperature-2m&t=20240114/0900 Not much has changed with this weather model and …
via mises.org: According to the latest monthly statement from the Treasury Department, the total budget deficit for the 2024 fiscal year (which began October 1) has already risen above $380 billion. The new total, which includes the months of October and November, puts the US on track for a total annual deficit of more than …
by Michael The Biden administration and the corporate media are telling us over and over that the economy is just fine, but the term “silent depression” has been going viral on TikTok. Housing, vehicles, food and just about everything else that we spend money on is far more unaffordable today than it was during the …
by Michael At this moment, the United States is conducting a massive social experiment. We have thrown our borders wide open and we are allowing vast hordes of extremely desperate illegal immigrants into this country every single day. We are doing this even though our nation is already a powder keg that could erupt at …
by mrmrmrj Because 2009 was an “everything rally” so all the smaller companies in the index outperformed the large caps where everyone was hiding.
by Michael Why are so many children all over the world suddenly developing pneumonia? For the moment, health authorities are telling us that there is no reason to be alarmed. They are telling us that all of these cases of pneumonia are being caused by the flu, RSV and other common respiratory diseases. Hopefully that …
AI is coming for all knowledge jobs. It will take the place of thinking and turn humans into “arms and legs” with no brain needed and eliminate a huge number of jobs. This is the real doom. Many humans will become obsolete as workers. It has been predicted in movies for well over 30 years. …
by DAVID HAGGITH Photo by Sonder Quest on Unsplash David Rosenberg argues recession may already be here because Gross Domestic Income is already recessionary; but the only thing anyone is looking at, he says, is Gross Domestic Product. I’ve argued this point earlier this year, too. Rosenberg notes that significant difference between the two rarely ever exists, but the …
Report: During Spring Banking Crisis, Banks Borrowed Over $1 Trillion from Federal Home Loan Banks — $100 Billion More than During the Crash of 2008 By Pam Martens and Russ Martens: November 8, 2023 ~ Yesterday, the regulator of the Federal Home Loan Bank system, the Federal Housing Finance Agency (FHFA), released a report on its recommended changes …
