Independent thinking for complex markets and current events
FIRST ON FOX: Democrat-run states and cities across the country that have been inundated with illegal immigrants in recent months previously earmarked tens of millions of dollars in COVID-19 financial assistance programs to support “undocumented residents.” According to a Fox News Digital review of state and local programs, Democrat governors and mayors earmarked at least …
by Brendan Brown Reports on the death of the present cycle of politically motivated monetary easing, in the words of Mark Twain, grossly exaggerated. Contemporary market analyses are full of how the Fed and ECB are dialing back on previous hints of Spring 2024 rate cuts. In tune with this, commentators are lauding the central …
https://twitter.com/_/status/1757823853227630915 UPDATE: Tweet deleted after backlash View post on imgur.com https://twitter.com/_/status/1753433667504906484 View post on imgur.com h/t dr0id
Russell Brand – Rumble, Released on 2/12/24 Today, we have my conversation with former Republican presidential candidate Vivek Ramaswamy. He has founded multibillion-dollar enterprises, led a biotech company as CEO, trained as a scientist at Harvard, and a lawyer at Yale, and grew up as the child of immigrants in a small town in Ohio. …
SEN. RAND PAUL: “Open the champagne! Pop the cork! The Senate Democrat leader and the Republican leader are on their way to Kyiv! They’ve got $60 Billion they’re bringing! I don’t know if it’ll be cash in pallets but they’re taking your money to Kyiv!” “We’re being invaded! A literal invasion is coming across our …
The updated $95 billion supplemental bill without the border provisions captured the necessary 60 votes needed The package includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas and $4.83 billion to support partners in the Indo-Pacific It also also provides $9.15 billion in humanitarian assistance to civilians in Gaza and …
via notayesmanseconomics: Firstly let me wish you a happy Chinese New Year for tomorrow. It has not been the best of periods for the Chinese economy as the property crisis has rumbled on. We can look at events via this mornings monetary data. At the end of January, the balance of broad money (M2) was …
View post on imgur.com Donald J. Trump @realDonaldTrump FROM THIS POINT FORWARD, ARE YOU LISTENING U.S. SENATE(?), NO MONEY IN THE FORM OF FOREIGN AID SHOULD BE GIVEN TO ANY COUNTRY UNLESS IT IS DONE AS A LOAN, NOT JUST A GIVEAWAY. IT CAN BE LOANED ON EXTRAORDINARILY GOOD TERMS, LIKE NO INTEREST AND AN …
The USA is currently experiencing the longest and steepest yield curve inversion in recorded history between the 10-year Treasury Note and 3-month Treasury Bill. Historical data shows that such inversions have preceded economic recessions. The prolonged inversion is seen as “smart money” signaling skepticism about the Federal Reserve’s narrative on inflation. This skepticism raises questions …
That is pretty funny. They scream for black reparations yet they use it on illegals. In middle of the night, Democrats bussed illegals into Boston and shut down a recreational center in a predominantly black area to house them. A resident says now kids will be on the streets. Democrats are putting black kids on …
by Chris Black Tom Emmer, the man claiming Ilhan Omar is doing a very dirty deed by saying she’s fighting for Somalia, is a major recipient of funding from the American Israel Public Affairs Committee (AIPAC). AIPAC is an Israeli lobbying group that demands that American politicians act in the explicit interests of Israel before …
LOST DECADES: Chinese Hang Seng Index is now trading below 1997 levels following Evergrande announcement #China is a must watch! Let's see if #liquidity works this time… pic.twitter.com/XQR5XrZs7Z — CrossBorder Capital/ GLIndexes (@crossbordercap) January 30, 2024 h/t AdAlarmed69
E. Jean Carroll starts giving away money on Rachel Maddow show. Rachel Maddow asks E. Jean Carroll what she's going to do with "Trump's money" to help "women's rights." Carroll says she and Maddow will "go shopping, get completely new wardrobes, new shoes…Rachel, what do you want, penthouse?" Her lawyer nervously says "that's a joke": …
Recent indicators suggest a potential shift as M2 money supply contracts sharply. While inflation has been the norm in recent years, notable declines in asset prices, such as a 25% drop in used car prices and a 50% decrease in egg prices in 2023, raise questions about deflation risks. Examining historical patterns, instances of deflation …
New York City to impose curfew on migrants staying at four centers across city “The four centers are: – 35th Ave Astoria and Judo (37-11 35th Street, Queens, NY 11106) – Lincoln Manhattan (31-33 W 110th St, NY, NY 10026) – JFK Respite Center (197 North Boundary Rd., Queens, NY 11427 – Stockton (359 Stockton …
by confoundedinterest17 We are closing out the first week of the New Year and 30-year conforming mortgage rates are up slighlty. Mortgage rate GROWTH is now at 8% year-over-year (YoY). While M2 Money growth has died and is down -3% YoY. Bank credit growth has been negative since July 2023 and M2 Money growth has …
A lone outlier and rare voice of dissent to come out of the generally staunchly pro-Ukraine central and eastern European countries has been Slovakian Prime Minister Robert Fico. He has stirred the pot again and caused outrage among fellow government officials after penning an op-ed this week wherein he slammed the West for getting Ukraine …
In a noteworthy twist to the Georgia election interference case, serious allegations have emerged concerning an inappropriate romantic relationship between Fulton County DA Fani Willis and special prosecutor Nathan Wade. Co-defendant Mike Roman has asserted that this purported relationship fatally compromises the integrity of the indictment. However, the absence of concrete evidence supporting these claims …
German farmers are fighting back and demanding a new government. Thousands of protestors lined up their tractors and blocked roads and bridges across Germany demanding lower fuel cost and taxes. The German farmers are also fed up with billions being sent to foreign wars in Ukraine. They are are braving the January weather to show …
https://www.youtube.com/watch?v=rbZ_8SJzcS0 An examination of the financial infrastructure of the American economy, its history and how it works. What makes the money in your pocket have any value and what happens when that money becomes worthless?
via Mike Shedlock: The third and largest round of fiscal stimulus was in March of 2021. That’s when Biden’s popularity peaked at 55.1 percent. Base image from 588 Biden Approval Ratings. Why Biden’s Approval Rating Is Miserable Income is rising and so are wages. Even real income is up. But real wages are another matter. Personal …
by Michael We did it Joe! It took a tremendous push down the stretch, but the U.S. national debt was able to hit the 34 trillion dollar mark before the end of 2023. At this moment I am just so overwhelmed that I don’t know who to thank first. Over the past few years, Joe …
Javier Milei explains why printing money hurts the poor the most pic.twitter.com/ZQPs4R8lsc — DutchLibertarian (@LibertarianDuty) December 31, 2023
GOODER AND HARDER, CALIFORNIA: ● Shot: California Taxes Are Among the Highest in the Nation. —The Balance, January 6th, 2023. And as a result: ● Chaser: List: California ranked in bottom 10 of charitable states. —Fox 11 Los Angeles, Thursday. Earlier: Homelessness is Mostly a California Problem: Raw data: Homelessness is down everywhere except California. h/t Ed …
via JOHN RUBINO: Recently, Costo began selling gold bars on its website (see Did Gold Just Become An Impulse Buy?). The bars were a big hit, generating revenues of $100 million in the most recent quarter. Now Walmart has opened its own Precious Metals Shop: Who’s next? If gold works for the biggest-box retailers, expect Target and …
What if they stopped allowing transfers FROM crypto companies to banks ? h/t TIO JUAN
https://twitter.com/WallStreetSilv/status/1739098861493223542
That’s a massive chunk of cash now ready to spend! Money Market Funds Record: $1.3 Trillion has flowed into money market funds this year, the largest amount in history pic.twitter.com/VRylKN9kLw — Win Smart, CFA (@WinfieldSmart) December 24, 2023
by Iain Murray Javier Milei in Argentina has got off to a roaring start (see this summary from Tyler Cowen.) One of his more under-the-radar reforms is to allow debts to only be paid in the currency denominated in the contract. Hayek would surely approve. So Mr Milei in Argentina has done away with the concept of legal tender …
