Independent thinking for complex markets and current events
via cnbc: JPMorgan on Wednesday lowered its rating on Dollar General to the equivalent of a sell, from hold, and cut its price target to $116 per share, from $132. The downgrade from veteran retail analyst Matthew Boss followed a meeting with Dollar General’s CFO that painted a challenging financial picture of the company’s core …
by welp007 It comes with zero risk to the banks, while US taxpayers are 100% on the hook for their bad bets. It’s questionable use has exponentially risen in the past year. Soaring use of the FHLB slush fund. I did a recent video on the FHLB's. Founded to support mortgages, now they just bail …
New York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft. Dollar General shares tumbled nearly 17% in pre-market trading Thursday. The discount store’s challenges are yet another sign of American consumers pulling back on shopping as …
Rep. Nancy Mace to Joe Biden: “We’re Coming for You” – Says Just One Treasury Suspicious Activity Report for Biden Family Money Laundering Was for “Tens of Millions of Dollars and Then Some, It’s a Staggering Amount of Money” (Video) Rep. Nancy Mace (R-SC) said on Monday that just one Suspicious Activity Report (SARS) on …
"This expansion raises not just economic and geopolitical issues but also institutional ones, including implications for a G20 that has been struggling in recent years," said Mohamed El-Erian, chief economic adviser, Allianz. Winds are shifting. https://t.co/aHNhPt3YW4 — Joetorch (@Joetorch1) August 29, 2023
Dollar Tree is planning to lock up some of its merchandise and may discontinue the sale of certain products, as theft makes a dent in the company’s profit margins. Richard Dreiling, Dollar Tree’s CEO, said on a call with analysts Thursday that the company is introducing new measures in the second half of the year …
All that oil no longer in dollars between BRICS members. They won’t need to buy dollar for oil.US Dollar days are numbered. Don’t expect media to inform you on this. Get into hard assets now! Watch for diversion events in media and politics this Sept and Oct. Johannesburg, South Africa – Saudi Arabia and Iran …
Update(1704ET): In their inaugural day ‘family photo’, BRICS leaders posed without Russia’s President Putin, as FM Lavrov took his place given the ICC arrest warrant and Rome Statute would require the South African government to seek his arrest. Putin addressed the summit remotely, and emphasized in the Russian-language speech that de-dollarization is “gaining momentum”. He said …
by inWineVerit4x Argentina already experimented with the “peg to the dollar” in1990. But Don’t have a happy E Argentina pegged its peso to the U.S. dollar from the early 1990s to the early 2000s as part of a currency board arrangement. Issues and Failure: While the peg initially helped to control inflation, it also made …
BlackRock and JPMorgan Chase are reportedly aiding the Ukrainian government in setting up a reconstruction bank that could see rebuilding projects being heavily invested in by private entities. The Financial Times noted that it would cost Ukraine roughly $411 billion to rebuild their country amid the onslaught of attacks by Russia, but the cost is …
There's a third and most likely scenario in which the dollar implodes and Big Tech implodes at the same time. That's what happened in March 2020 and the set-up now is identical. pic.twitter.com/Qg1JXXawVr — Mac10 (@SuburbanDrone) August 1, 2023 A new risk that has emerged in the past month: If the Fed stops hiking rates …
Let’s see what happens. Muammar Gaddafi and Saddam Hussein didn’t fare too well when they bucked the system. Maybe this is the underlying reason for World War 3. BRICS payment system will replace SWIFT in new ‘non-Western world’ – AFROCOM head The continent will be part of a multipolar world with completely new economic relations, …
Amidst a global move towards de-dollarization and increasing demand for yuan-based transactions, the efforts of Chinese policymakers to prop up their currency have increasingly gained traction. In efforts to bolster the yuan, China’s major government-controlled banks began offloading their US dollar holdings to acquire the Chinese currency in both domestic and international spot markets during …
by Michael Is the global dominance of the U.S. dollar in danger? In recent weeks, there has been lots of speculation about the introduction of a new BRICS currency that would be backed by gold. In this article, my goal is to sort through what is true and what is not true. From August 22nd …
The yuan was used in 49% of China's cross-border transactions last quarter, topping the dollar for the first time This is huge news Many continue to be in denial The worlds second-largest economy has the dollar in its cross hairs and is stockpiling gold Enjoy the wild ride — Gold Telegraph ⚡ (@GoldTelegraph_) July 25, …
Guest Post by Alasdair Macleod via goldmoney.com Last week in my Goldmoney Insight, I analysed the rationale for a new gold backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on 22—24 August. This article is about the consequences for the dollar-based fiat currency regime. There is strong evidence that planning …
via Mike Shedlock: Russia seized the local assets of Carlsberg beer and yogurt maker Danone. It now threatens Austria’s Raiffeisen bank. Russia Seizes Western Yogurt and Beer As backdrop to the Raiffeisen bank story, consider the Bloomberg report, Russia Seizes Western Yogurt and Beer. President Vladimir Putin signed a decree in April allowing for “temporary” state control over …
SCAM ALERT!! What a TOTAL friggin Scam! Never playing THAT again! Last Billion Dollar winner ALSO from California? And there was an “issue” with naming the winner that time? Hmmm. I smell BS https://www.cnbc.com/2022/11/08/powerball-results-record-1point9-billion-jackpot-drawing-delay.html Guess what Shithole State collects all that State Income Tax? No coincidence these winners came from a State with Income Tax! …
Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard currency,” including gold, silver, platinum or Bitcoin, could help to re-stabilize the American economy. “Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher …
by confoundedinterest17 So far, President Biden has drained almost 50% of the Strategic Petroleum Reserve (SPR) under his Reign of Error. And regular gasoline prices are up 48% since Biden assumed the Presidency on Jan 20, 2021. We have massive caverns for oil storage that are sitting empty. Then we have the US Dollar, down -12.5% …
by confoundedinterest17 There goes the economy! As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June. Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going green at all costs, is …
The Bloomberg dollar index has fallen to the weakest vs peer currencies in more than a year. pic.twitter.com/yA8jmUJwsc — Lisa Abramowicz (@lisaabramowicz1) July 13, 2023 DXY has broken down to new 52-week lows Reaching levels seen in April 2022 pic.twitter.com/HYpmPEae0s — Bravos Research (@bravosresearch) July 13, 2023 h/t SilverStorey
by confoundedinterest17 I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today. The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) to -91.166 basis points as the turnaround in M2 Money growth has stalled. Bankrate’s 30Y …
Retail gamblers are trapped. After the best first half for Tech stocks in 40 years, institutions are dumping Tech stocks in the second half.https://t.co/It9OGJH69b Retail gamblers are trapped. pic.twitter.com/9ApQOQSKeP — Mac10 (@SuburbanDrone) July 10, 2023 Microsoft has been the most consistently dominant company of the past two decades. pic.twitter.com/7FiBWGSeS5 — Mac10 (@SuburbanDrone) July 10, 2023 …
by Martin Armstrong The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out …
“I can’t understand those debtors who gambled to not pay student loans for 2 years, then bought a $50K car, now have to pay both a $800/month car note and must resume that $700/month student loan. They just thought the student loan would magically disappear.” -@bigbanknewyork3655
