Independent thinking for complex markets and current events
Lawmakers leaving the meeting, which lasted about an hour, said it was worthwhile, even though it didn’t lead to any agreements that would avoid a partial government shutdown from beginning this weekend, or clear a Senate-passed package of aid to Ukraine, Israel and Taiwan. “It was a productive meeting on the government shutdown, we are …
by confoundedinterest17 According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top 1% (the elite class) horde more and more wealth. An example of the Sisyphus economy? …
A Michigan man has been convicted in federal court of illegally diverting a river with a simple shovel and some rocks. Andrew Blair Howard was arrested after he built a small dam out of rocks in August of 2022. The man’s digging caused a change in the flow of the Platte River near Michigan’s Sleeping …
via notayesmanseconomics This morning we have heard from the Reserve Bank of Australia. Times have been getting harder in a strategic sense for the land down under as the Chinese economy has struggled. Last year was one where the consensus was of recovery for China whereas I was worried about the consequences of the popping …
Trump has said he would fire Federal Reserve Chairman Jerome Powell if elected in 2024. pic.twitter.com/JfE8q2wik3 — Sprinter Press (@SprinterPress) February 2, 2024
Amid the wait for an appeals court ruling on Trump’s claim of “Presidential immunity” and other potential delays…. the Washington D.C. federal court no longer lists USA v. Donald Trump criminal trial on its calendar for March 4, 2024 Amid the wait for an appeals court ruling on Trump's claim of "Presidential immunity" and other …
BREAKING: @FreeBeacon has obtained audio of a whistleblower privately warning Fani Willis in 2021 that her top aide was trying to misuse federal funds. Willis did not dispute the allegations. 56 days later, Willis fired the whistleblower and perp walked her out of the office. pic.twitter.com/YEkKIB2L5f — Andrew Kerr (@AndrewKerrNC) January 31, 2024 Willis provided …
In a startling revelation, the U.S. federal debt has reached a historic high, soaring to an eye-watering $34.138 trillion. What’s even more concerning is the recent trendline, which surpasses the initial trajectory seen at the beginning of the Biden administration. This acceleration is attributed to a combination of increased government consumption expenditures and rising interest …
BREAKING: Former IRS contractor who leaked Trump's tax records, sentenced to 5 years in prison — Insider Paper (@TheInsiderPaper) January 29, 2024 Remember the IRS contractor that leaked Trump’s tax returns to the media? They just got 5 years in federal prison Hope the TDS was worth it! All you did was show that Trump …
Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm TLDRS: The Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 This past week, total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $161,501,000,000 As of 10/31/23 total outstanding amount of all advances from the …
The Federal Reserve finds itself in a bind, hesitant to acknowledge potential rate cuts in March due to concerns about the draining of reverse repo and the looming reserve constraint for small banks. The housing market, a reliable barometer of economic trends, is signaling a foreboding outlook for unemployment in 2024. Current market indicators, from …
Fed reports its largest loss in history: $114 billion in a single year. That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses. Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K — Peter St Onge, Ph.D. (@profstonge) January 16, 2024 U.S. Banks are facing unrealized …
Spirit Airlines' shares experienced a 47% plunge in New York, following a 61% drop, marking the largest intraday decline since the stock's trading debut Read more: https://t.co/aBosUi5MTv — unusual_whales (@unusual_whales) January 16, 2024 JetBlue-Spirit Airlines merger blocked by judge over fears it would hurt competition A federal judge on Tuesday sided with the Biden administration …
by Chris Black Texas state officials have kicked the Feds out and they’ve taken direct control of Eagle Pass: #BREAKING The state of Texas has seized all city property along the riverfront at the border in the Eagle Pass area under governors emergency powers, including federal processing locations and equipment—This is according to multiple sources. …
🚨 Fani Willis accused of hiring a man she was in a romantic relationship with to prosecute Donald Trump and play a prominent role in the election interference case, bombshell court documents claimhttps://t.co/4tbMbSUmlM — Benny Johnson (@bennyjohnson) January 9, 2024 District Attorney Fani Willis improperly hired an alleged romantic partner to prosecute Donald Trump and …
by OtaraMilclub If banks were required to mark their assets to market, as they did prior to 2009, the entire banking industry, including the too big to fail wall street banks would be insolvent, along with the Federal Reserve. Does this seem sustainable to you? $500 billion wiped out in a matter of days and …
via schiffgold: Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserve’s monopoly …
President Biden on Thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month. As first proposed in his fiscal 2024 budget plan last March, the increase amounts to a 4.7% across-the-board boost to basic pay, alongside an average 0.5% increase in locality pay. As …
I always find this chart staggering to look at. We've never seen the Federal Reserve slow the economy this violently before. Rates went from 0% to 5.33% within 18 months. That's unheard of. https://t.co/KoQ4CsPV0H pic.twitter.com/2vldAWuGei — Financelot (@FinanceLancelot) December 23, 2023 Don't believe that data. If inflation is 10% but official numbers say 5%, then …
If presidential candidate Vivek Ramaswasmy gets elected and ends up leading the nation’s executive branch, he wants to gut it through unprecedented means — including a 75% decrease in government employees and the elimination of at least five agencies. The biotech entrepreneur worth hundreds of millions has never held elected office and only sparingly voted …
The market is literally bullying the @federalreserve – i.e., loosening financial conditions w/ "core" CPI at 2x the @federalreserve's target. This, as @elerianm correctly stated, is what happens when you have a communication problem at the Fed (as we currently do). This is (very)… — Gordon Johnson (@GordonJohnson19) December 21, 2023 Perhaps. But that’s: (a) …
by Chris Black Take it to the Supreme Court. They’ll support any suppression of the Second Amendment that comes before them. 🚨 JUST IN: A federal judge has just BLOCKED California’s ban on carrying firearms in so-called “sensitive places,” such as: ▪️Places of worship▪️Parks▪️Banks▪️Public gatherings▪️Medical facilities▪️& more Gun-grabbing Gavin Newsom’s just going to have to …
by confoundedinterest17 Both the US Federal government and California’s government are facing a fiscal inferno. Thanks to a softening economy and inane fiscal policies. At the macro level, we see that The Federal government has gone wild spending money and borrowing it. Much more than businesses and households. Biden’s wild spending reduces the degrees of freedom that …
Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90% and limit its scope to doing exactly *one* thing: stabilize the dollar as a stable unit of measurement. pic.twitter.com/8lZBGZqkwH — unusual_whales (@unusual_whales) December 17, 2023 Hedge Funds have turned bearish on the U.S. Dollar for the first time …
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
“Cyber Threat Intelligence League” reportedly intended to implement “cognitive security,” which involves “preventing malefactors from hacking people’s beliefs.” The public-private efforts to restrict and suppress purported “mis-, dis- and malinformation” across tech platforms started almost immediately after the surprise election of Donald Trump in 2016, ramped up a year before the COVID-19 pandemic, and included …
Everywhere You Look, Rates Traders Are Piling Into Rate-Cut Bets (Bloomberg) — Positioning for an economic hard landing and aggressive Federal Reserve easing next year is spreading across the US interest-rate markets. In the cash bond market, JPMorgan Chase & Co.’s Treasury client survey, conducted weekly since 1991, found that the most active investors in …
Attorney Ty Clevenger is the bulldog attorney who has been after the DOJ and FBI for years to get to the bottom of who supplied the DNC and Podesta’s emails to WikiLeaks during the 2016 election. Clevenger has been attempting to get to the bottom of who supplied the DNC and Podesta emails to the DNC for …
The Federal Reserve Board today announced technical details related to reserve requirements for depository institutions, which will remain zero… Reserve requirements for depository institutions Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20231127a1.pdf Wut Mean?: The Federal Reserve Board announced that the reserve requirements for depository institutions will remain at zero. However, as legally required, it provided annual adjustments to the reserve …
