Independent thinking for complex markets and current events
As new tensions rise between Russia and NATO powers, Moscow’s top diplomat insisted to world leaders Saturday that his nation doesn’t intend to attack Europe but will mount a “decisive response” to any aggression. Foreign Minister Sergey Lavrov spoke at the United Nations General Assembly after weeks in which unauthorized flights into NATO’s airspace — …
Steven and Katherine Wolf missed out on the ultra-low mortgage rates of the pandemic. By the time the couple secured solid jobs and could buy a home, borrowing costs more than doubled. Rather than wait, the former renters jumped into home ownership in fall 2022. They also stretched, buying a Bakersfield home that carried an …
BREAKING: ⚡ 🇮🇱Netanyahu to Politico: We will enter Rafah, and the red line for us is not to repeat the October 7 attack We are about to end the last part of the war, and the fighting will not take more than two months and perhaps 6 or 4 weeks I do not see any …
via TheEpochTimes: Washington resident Charles Littlejohn pleaded guilty in October last year to one count of unauthorized disclosure of tax returns and return information after he was accused of stealing and leaking data associated with President Trump and other wealthy individuals. In a 15-page filing, prosecutors pushed for the maximum statutory sentence of five years …
Even raising rates is inflationary when the government won’t cut spending. I’m wondering if they didn’t overshoot their inflation goals (probably closer to 10% right now according to shadow stats). The next step is a sovereign debt crisis. THIS was a financial war crime, and NO ONE responsible will be accountable in any way for …
“Reality is financial conditions are the loosest since April 2022. Unlike Volcker or previous Fed Chairs he never even raised rates above core inflation.” https://twitter.com/NorthmanTrader/status/1674381311681740803 h/t Simian_Stacker