Independent thinking for complex markets and current events
50% of the assets seized from the bank failure Friday were uninsured deposits. Just like SVB Everyone needs to remember. Anything over $250,000 in one bank is u insured. This means if you have 400k in a bank the FDIC will only guarantee 250k of it. Kiss the other 150k bye. — QE Infinity (@StealthQE4) …
Washington has sent a clear message to European NATO members that they can no longer rely on its military protection, the head of German defense giant Rheinmetall has argued. For decades, the EU has been taking for granted that the US would come to its rescue in case of war, but “that will no longer …
https://twitter.com/WealthSpringTLD/status/1774398052217892978
via Mike Shedlock The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. The crisis is coming to a head with France and Italy in the spotlight. The first casualty will be Green policy. Image composite by Mish from the European Commission Compliance Tracker Compliance Rules Deficit rule: a country is compliant if …
With many of former President Trump’s tax cuts due to expire next year, taxpayers may be wondering if there’s anything they should be doing now to prepare. Trump’s 2017 Tax Cuts and Jobs Act (TCJA) increased the standard deduction, lowered the corporate and estate tax rates and increased the child tax credit, among other things. …
by mrmrmrj pic.twitter.com/vJmgOCxYjF — GoldSilver HQ (@GoldSilverHQ) March 18, 2024
The names of more than 150 people associated with the late sex offender Jeffrey Epstein are expected to be made public in the coming days. The disclosures may throw new light on the sex trafficking network directed by Epstein, who died in 2019, and his associate Ghislaine Maxwell. A judge ordered the court documents in …
In the current financial landscape, a palpable tension brews as markets lean towards anticipating an imminent Fed pivot, contrary to the central bank’s official stance. The prevailing sentiment suggests greed levels in the market are soaring to multi-year highs, as evidenced by the resilience of the S&P 500, even in the face of a pullback …
Peter Boockvar, Bleakley Financial Group, and Katerina Simonetti, Morgan Stanley, join ‘The Exchange’ to discuss the surge in gold prices, what’s behind the rally and more. The Summer of Central Bank Gold Buying Extends Into the Fall Central banks gobbled up gold over the summer and the buying spree has continued into the fall.
Feds Will Likely Identify Client List of “Johns” After High-End Asian Brothel Bust DEVELOPING: Investigators suspect prostitution ring may have been part of Chinese espionage plot targeting high-tech government contracting centers like Cambridge and Tysons Corner https://t.co/mLDKen0fLc — Paul Sperry (@paulsperry_) November 9, 2023 Feds peruse client list of powerful ‘johns’ after bust of high-end …
via Mike Shedlock: If you haven’t yet purchased that big bag of Halloween candy this year, be prepared for sticker shock. CPI and PPI data from the BLS, chart from Fred, the St. Louis Fed data repository. The CPI for candy and gum is ripping higher. So is the PPI for cocoa, a key ingredient …
As Retail Awakens to Inflation, Bond Yields Have More to Go US yields are set to rise due to retail investors hedging against inflation. Bond rallies will be short-lived with a downward trend for Treasuries. After experiencing steady inflation for years, both professional and retail investors are adjusting to the new inflationary reality. With inflation …
Bowman calls out she is in the rates higher for longer camp while leaving room to continue raising rates. She calls out the PCE index rising but fails to mention that it was being undercounted previously and is actually HIGHER going back the last two years and registered at 3.5% in August, still WELL above the 2% …
Americans Are Still Spending Like There’s No Tomorrow: Concerts, trips and designer handbags are taking priority over saving for a home or rainy day. Ibby Hussain, who works in marketing for a financial communications firm, says the Brooklyn, N.Y., apartment he and his fiancée rent for $3,000 a month would cost a million dollars to …
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over. Treasury Secretary Janet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists …
CNN Anchor Grills NM Gov. Lujan Grisham About “Public Health” Gun Ban Order: How Are You Not Violating The Constitution? New Mexico Democratic Governor Michelle Lujan Grisham defended her 30-day emergency “public health” order banning guns in and around Albuquerque during an interview Tuesday on CNN. “It’s not for the police to tell me what’s …
https://archive.ph/BIDql#selection-5157.0-5165.245 Article: The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Citigroup Inc. expects to contribute as much as $1.5 billion to the Federal Deposit Insurance Corp.’s pot that was depleted to …
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 …
Bulls, praying is your new investment strategy. Don't expect it to work. It didn't last time. pic.twitter.com/Dd0IbbeUBD — Mac10 (@SuburbanDrone) July 18, 2023 Tomorrow, Tesla and Netflix kick off Tech earnings which carry over into next week – along with the FOMC next week as well. Bulls are betting those two events will be the …
by Chris Black This recruiter brags about how good the war in Ukraine is for BlackRock and how cheap politicians are for them to buy. BREAKING: @BlackRock Recruiter Who “Decides People’s Fate” Spills Info on Company’s World Impact “It’s not who the president is- it’s who’s controlling the wallet of the president” “You got $10K? …
Lawsuits will be what likely ends this criminal practice of gender surgeries on children🚨🚨🚨 pic.twitter.com/warS2obRuG — Wall Street Mav (@WallStreetMav) June 18, 2023 A detransitioned woman who is suing the medical professionals responsible for her transition claims doctors spent just 75 minutes vetting her before setting out on the life-altering ordeal – back when she …
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …
