Independent thinking for complex markets and current events
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way. The average 30-year fixed weekly rate dropped from 6.2% to 6.09% and the daily rate rose …
WOW! RFK Jr. just exposed the Federal Reserve "It operates on behalf of a few Wall Street banks, and its function is to act like a pump. It is literally strip-mining the wealth and equity away from the American middle class." 😲 Pray for his safety because the bankers have a… pic.twitter.com/pFBo9XNMdO — George (@BehizyTweets) …
There will be no more federal aid for the victims of Hurricane Helene, Joe Biden has said. Standing on the tarmac as he prepared to board Air Force One, the President spoke to reporters and said the federal government has done everything it can to help. After giving a largely incoherent response when asked if …
Another conspiracy confirmed to be true, I’m sure they’ll attack the ruling and delay the implementation, but we can say we were right. h/t Ok_Sea_6214
Rep. Alexandria Ocasio-Cortez called for Mayor Eric Adams to resign amid the federal probes crippling his administration. The lefty “Squad” member tweeted Wednesday that Adams should step down “for the good of the city. “I do not see how Mayor Adams can continue governing New York City,” she wrote on X. “The flood of resignations …
Gold is telling you the Federal Reserve is full of shit. Not a single person on earth thinks inflation is 3% pic.twitter.com/E8XedI6Nj1 — Darth Powell (@VladTheInflator) September 24, 2024 Today, silver prices reached their highest level in over a decade. Widespread skepticism surrounding the metal remains, which, in my opinion, represents one of the most extreme …
by confoundedinterest17 The US has fallen into a Ring of Fire under Biden/Harris horrid economic policiies. But Biden/Harris had help from their deep state partner, The Federal Reserve. The purchasung power of the US dollar has fallen by a whopping -20% under Biden/Harris. No wonder Harris is afraid to talk to reporters about her plans. The children in …
by Stargazer5781 Since the 10 – 2-year yield curve recently normalized I was curious if the same were true of the near-term forward spread (10-year – 3-month), which the Federal Reserve previously announced as the most accurate predictor of recession available. It is still inverted as I write this, but what I found more interesting …
‘There still remains significant gaps in our national security screening regime for land purchases,’ lawmakers say China and other foreign adversaries are still permitted to purchase U.S. land near sensitive Coast Guard facilities, ports, and Energy Department labs, exposing national security gaps that lawmakers say enable hostile regimes to conduct espionage operations on American soil. …
Sean “Diddy” Combs was arrested Monday night in New York City by federal agents with Homeland Security Investigations, ABC News has confirmed “Earlier this evening, federal agents arrested Sean Combs, based on a sealed indictment filed by the SDNY,” United States Attorney for the Southern District of New York Damian Williams said in a statement. …
A federal judge has partially blocked a vast oil and gas drilling project in Wyoming, citing violations of environmental laws and ordering a reassessment of the project’s potential impacts on groundwater. U.S. District Judge Tanya Chutkan ruled on Sept. 13 that the Bureau of Land Management (BLM) and other federal agencies had failed to properly …
Milton Friedman: "The Federal Reserve intentionally caused the Great Depression" 1929 https://t.co/W1xfe4U3Go pic.twitter.com/sA3eJjrIek — Financelot (@FinanceLancelot) September 13, 2024
A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will need. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would have boosted capital requirements for the world’s largest banks by roughly …
by confoundedinterest17 We are dancing the Grizzly Bear with jobs reports. The more truthful ADP report is out and it shows a wimpy 1.3% YoY addition in jobs. So much for a dynamic, growing economy under Biden/Harris. The Covid era Federal spending has run out of steam. Ahead of tomorrow’s “most important data point in history” payrolls print, …
by notayesmanseconomics Yesterday brought rather a marked change in views on the US economy and much of it related to this from the Institute for Supply Management or ISM. The New Orders Index remained in contraction territory, registering 44.6 percent, 2.8 percentage points lower than the 47.4 percent recorded in July. The August reading of …
A federal judge in Manhattan on Tuesday rejected an effort by former President Donald Trump to remove his criminal hush money case to the federal courts, saying there is “nothing” in the Supreme Court‘s recent immunity decision that should allow for such a move. “Nothing in the Supreme Court’s opinion affects my previous conclusion that …
by confoundedinterest17 Hey Big Spender! (Federal Government). The US government now pays out on average $3bn in interest expenses per day…If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3bn per day to $2.5bn per day. Even worse, unfunded Federal liabilities total …
NEW: Mayor of Aurora, CO suggests the federal government may have funded to send the Venezualan gangs to Aurora. The armed gangs took over apartment complexes and acted as the landlords, collecting rents. They now control parts of the city and violent crime is skyrocketing. pic.twitter.com/UcfGI9Z2hB — Libs of TikTok (@libsoftiktok) August 30, 2024
A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk’s X. X filed its lawsuit in November after Media Matters published a report showing that hateful content on the platform appeared next to online ads from companies like Apple, IBM and Disney. Because of …
(Reuters) – A federal judge has dismissed charges against a Kansas man for possessing a machine gun, saying prosecutors failed to establish that a federal ban on owning such weapons is constitutional. The decision by U.S. District Judge John Broomes in Wichita on Wednesday appeared to mark the first time a court has held that …
Looking for an appropriate description……conspirators, accomplices, confederates, cabal, collaborators, co-conspirators,cahoots , allies, partners in crime….. https://t.co/5sPc6hqMyK — Frank Giustra (@Frank_Giustra) August 17, 2024
Kamala Harris to call for federal ban on price-gouging in Friday speech https://t.co/2mz7qiVVhh — The Hill (@thehill) August 15, 2024 Get ready for the "joy" of bread lines!Don't exceed your coconut rations!Black markets are so brat! pic.twitter.com/sU9IqvBXmN — Breitbart News (@BreitbartNews) August 15, 2024 Vice President Harris on Friday will outline a series of economic …
United Auto Workers Union Files Federal Labor Charges Against Trump and Musk After Successful Twitter Space Discussion, Alleging Worker Intimidation Read the statement below: 🧵UAW Files Federal Labor Charges Against Donald Trump and Elon Musk for Attempting to Intimidate and Threaten Workers — UAW (@UAW) August 13, 2024 The UAW has filed federal labor charges …
The Treasury Department is being accused of trying to juice the economy, per Axios. "Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat." — unusual_whales (@unusual_whales) August 13, 2024 We spent 33% more on servicing the federal debt than on …
The Biden Administration’s SAVE student loan forgiveness program was struck with another massive legal blow on Friday when the Eighth Circuit Court of Appeals ruled to block its implementation. The three-Republican-appointee panel deemed the effort to allow borrowers enrolled in the Saving on a Valuable Education, or SAVE, program to restructure their loan payments as …
The National Institutes of Health (NIH) violated the First Amendment rights of animal rights activists whose social media comments were deleted by the agency, a federal appeals court ruled last week. The agency had been deleting all comments on its Facebook and Instagram pages that contained certain keywords related to criticism of the agency’s use of animal …
It worked great when they banned plastic straws in California. Climate change totally fixed there. pic.twitter.com/orOeko1v5J — Samuel Culper 722 (@politiwars) August 6, 2024 The Biden administration announced a plan to target plastic pollution, dedicating particular focus to “phase out” single-use plastics – such as kitchen cutlery, cups and straws – across federal departments. President Biden …
US Federal Judge Declares Google Search a Monopoly in Historic Court Ruling. Judge Amit Mehta says in his ruling that the company “is a monopolist” and has violated US antitrust law, specifically, Section 2 of the Sherman Act. A federal judge ruled on Monday that Google illegally maintained a monopoly in search, saying in the …
