The guys are literally explaining their whole plan but no one is listening… Self-inflicted wounds from unchecked risk are the real issue

Scott Bessent before the Election: “In the next few years, we are going to have some kind of grand economic reordering. Something equivalent to a new Bretton Woods. There’s a very good chance that happens in the next 4 years and I’d like to be a part of it.” pic.twitter.com/2LDgk4QAoN — Geiger Capital (@Geiger_Capital) April …

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U.S. Marshals have some explaining to do.

Shocking footage shows US Marshals aggressively arresting an Arizona woman who they thought skipped out on probation 25 years ago — but they got the wrong person and instead pulled their guns on a grandmother who had never heard of the suspect. “I truly felt like I was being kidnapped,” 66-year-old Penny McCarthy told ABC …

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NY Fed article explaining how doomed the Financial System is when the next 2008 GFC sized crisis occurs.

by mark000 Going to be so bad: https://libertystreeteconomics.newyorkfed.org/2024/06/the-growing-risk-of-spillovers-and-spillbacks-in-the-bank-nbfi-nexus/ the system may be disproportionately exposed to financial and economic instability when aggregate tail risk materializes. bank-NBFI dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to do so en masse. the commonality of asset holdings between banks and NBFIs could turn …

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Explaining The Mass Exodus Out Of America’s Large Left-Wing Cities

by Michael Over the past several years, thousands of businesses and millions of people have left America’s large left-wing cities.  Of course when moderates and conservatives leave, that just causes those cities to shift even further to the left, and the politicians just implement even more self-destructive policies.  So now many of our biggest metropolitan …

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Not Always Sunny! Philly Fed Business Conditions Declines To -16.6 In June (Powell Aka Green Man Faces Tricky Task of Explaining Rate Pause in Congress)

by confoundedinterest17 As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession with the Philly Fed General Business Conditions index falling to -16.6 in June as Green …

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