Independent thinking for complex markets and current events
A new report is warning that Joe Biden’s demand that huge numbers of Americans be forced to buy electric vehicles, instead of gas-powered cars, will benefit al-Qaida. It’s because al-Qaida, through the Taliban, controls huge lithium resources in Afghanistan. Al-Qaida is best known in America for its organization of the 9/11 terror attacks and the …
The United States needs to have a greater leadership role in the International Monetary Fund (IMF) and other international financial institutions to support impoverished countries and limit China’s influence, says Treasury Secretary Janet Yellen. Yellen appeared before the House Financial Services Committee, defending a proposal to bolster the government’s participation in the IMF’s New Arrangements …
by Dismal-Jellyfish More money printing for old friends in new clothes. Reverse Repo Update! Reverse Repo counterparties list updated: Goldman Sachs Investor Money Market Fund, JNL Government Money Market Fund and JNL/WMC Government Money Market Fund have been added to the list of reverse repo counterparties, effective June 2, 2023. https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals