Independent thinking for complex markets and current events
‘Nancy Pelosi will someday live in hell’… Trump blasts ‘liddle’ Mike Pence… Video: Donald unleashes on Jack Smith… Former US president Donald Trump said Sunday he will petition to have a different judge oversee his historic criminal trial and for the case to be moved out of Washington. The twice-impeached Republican, who is seeking …
Noted attorney Alan Dershowitz responded to Jack Smith’s latest federal indictment against President Trump. On Tuesday Trump was hit with 4 counts in Jack Smith’s January 6 case: Conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights. Trump was …
Authored by Mike Shedlock via MishTalk.com, Federal tax receipts suggest GDI numbers, not GDP numbers, are accurate. They also hint at recession… Tax receipts from the BEA, chart by Mish Tax receipts and total receipts are from the Bureau of Economic Analysis which also produces the government GDP estimates. Data is through 2023 Q1 because …
by confoundedinterest17 The US Fiscal position is very bad and the US is beginning to look like a third world economy. And with Biden and Democrat AGs filing indictments against Biden primary Presidential oppoonent, that country is Venezeula! Like skyrocketing interest on the Federal debt to pay for green energy hustlers and the Ukraine war. …
by TacticalHog source: New York Fed Most recently, the Fed removed a recession from their forecast. This came less than a year after they said a recession may be the only way to tame inflation. We truly are investing in some unprecedented times. Follow us @KobeissiLetter for real time analysis as this develops. — The …
via naturalnews: House Republicans have authored a new bill that would grant Americans the right to sue federal employees caught aiding or abetting the suppression of free speech online. Known as the Censorship Accountability Act, the legislation aims to take down what has come to be known as the Censorship Industrial Complex, a collusive anti-First Amendment …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
by Simon Black The Federal Reserve– the most critically important central bank in the world– is completely, hopelessly insolvent. This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base our conclusions on indisputable, open-source figures. And the facts in this case are crystal clear: …
I’m a lot happier paying for an empty federal office building than I am paying for one filled with anonymous apparatchiks wrecking the country. We need many more empty federal office buildings. via based-politics: The pandemic changed how people work, with remote work becoming wildly more prominent. And the federal government was no exception. But …
Sens. Elizabeth Warren, D-Mass., and Lindsey Graham, R-S.C., introduced legislation Thursday to establish a new federal regulatory commission made up of presidential nominees to “rein in Big Tech.” The bill, dubbed the Digital Consumer Protection Commission Act of 2023, seeks to amend the 1914 antitrust law known as the Clayton Act to create “an independent, bipartisan …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board’s stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The …
via notayesmanseconomics: Today is the morning after the night before and let me hand you over to the Financial Times to explain why. The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday to the highest level in 22 years, as it wrestles with how much more to …
by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-14556.pdf Prerule Stage: SOURCE OF STRENGTH (SECTION 610 REVIEW): Purpose: The Federal Reserve, along with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), is working on a proposed rule. What It’s About: This rule, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, wants bank …
Darth Powell knows: This is the result of economic and social terrorism caused by the elite/donor class and Federal Reserve. Rewarding the most worthless, least productive members of society (asset price speculators) over actual production/innovation. https://t.co/UhRkGnrXJL — Darth Powell (@VladTheInflator) July 25, 2023 How long can the Fed & its PE accomplices delay the inevitable? …
by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To show up how messed up this is, the EU’s defense budget (remember Ukraine?) is far …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse’s unsafe and unsound counterparty credit risk management practices with its former counterparty, Archegos …
by Martin Armstrong Judge Terry Doughty favored the people in the Missouri v. Biden case. The 5th Circuit Court of Appeals will hear the case in the near future, but the ruling stands. This is pending an appeal because the current propaganda machine refuses to be dismissed. The Ministry of Truth is completely unconstitutional. The Biden …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. …
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG — Otavio (Tavi) Costa (@TaviCosta) July 20, …
The first openly transgender lawmaker in the US is facing federal charges in connection with sexual exploitation at a Tyngsborough, Massachusetts daycare center. A teacher at the daycare who assisted the lawmaker in obtaining sexual pictures of the children has also been arrested and was charged in June. In a press release, the Justice Department …
People assume the Federal Reserve will cuts rates well before a market crash like they've done for the past 40 years However, during the last major inflationary cycle of the 1960s & 70s the Federal Reserve was slow to act, only cutting rates when market crashes were almost over https://t.co/ZI6BH3GOSO pic.twitter.com/2MFZAb4Lgk — Financelot (@FinanceLancelot) July …
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav (@WallStreetMav) July 13, 2023 Every time US tax receipts have tumbled this much, the US …
by Dismal-Jellyfish Bank of America (PDF) Bank of New York Mellon Corp (PDF) Citigroup (PDF) Credit Suisse (PDF)***** Goldman Sachs (PDF) JPMorgan Chase (PDF) Morgan Stanley (PDF) State Street Corp (PDF) Wells Fargo & Co (PDF) ***** Credit Suisse submitted this plan pursuant to a deficiency identified in the firm’s December 17, 2021, resolution plan …
BREAKING: FBI Director Wray confirms that Joe Biden is under federal investigation for Ukrainian bribes. 😱 pic.twitter.com/SZwpwTEMXL — Ryan Fournier (@RyanAFournier) July 12, 2023 🚨BREAKING: FBI Director Wray confirms Joe Biden is under criminal investigation for Ukrainian bribes by the US Attorney in Delaware then tries to backpedal after realizing what he disclosed How is …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away from discretionary spending. Tourism and …
HUGE: Capitol Police Chief told Tucker that J6 crowd was loaded w/federal agents Fox fired Tucker before he could air the interview The Biden regime doesn’t want the country to know the truth about J6 It was a highly coordinated federal operation pic.twitter.com/RAuj9MUjgJ — DC_Draino (@DC_Draino) July 7, 2023 Tucker on J6: “These people thought …
Large Banks Experience Record $921B Deposit Drain in 40 Years, Outpacing Small Banks’ Decline Data from the Federal Reserve reveals that large banks in the U.S. are experiencing the fastest decline in deposits in four decades. Since April 2022, deposits at the 25 largest commercial banks have plummeted by $921 billion, a decline of 7.88 …
by Dismal-Jellyfish TLDRS: FedACH, operated by the Federal Reserve, is the primary Automated Clearing House (ACH) service provider in the United States. ACH transactions include direct deposits of payroll, Social Security and other government benefits, tax refunds, and many other types of payment. Since FedACH services are affected, several impacts could occur: Transaction Delays: The …
The Ninth Circuit Court of Appeals ruled on Monday that a law banning the recording of persons who do not explicitly consent to their voices being captured is unconstitutional, as it violates the First Amendment. James O’Keefe of O’Keefe Media Group (OMG) announced the decision online, noting that this follows his filing of a lawsuit …