Independent thinking for complex markets and current events
Elon Musk crowned world’s richest man, overtaking Jeff Bezos Musk’s estimated net worth increased by an estimated $815 million on Wednesday morning. Elon Musk, the CEO of Tesla and X, became the richest man in the world for the second time, according to a Wednesday report by Forbes. Musk’s estimated net worth increased by an …
WASHINGTON (AP) — President Joe Biden is issuing a budget plan Monday aimed at getting voters’ attention: tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. Unlikely to pass the House and Senate to become law, the proposal for fiscal 2025 is an election-year blueprint about …
A second wave of inflation in the making. Today's report unveiled the largest positive surprise in personal income since the surge in consumer prices began in 2021. While many investors and policymakers still view this issue as cyclically contained, the nature of inflation… pic.twitter.com/W4fbuZgHLF — Otavio (Tavi) Costa (@TaviCosta) February 29, 2024 Keep paying taxes peasants pic.twitter.com/srZGcmSIUi …
By Martin Armstrong I revealed how Democrats planned the deliberate invasion of America to secure votes for socialistic policies. There is a second motive that is not largely understood, but it becomes apparent when you follow the money. In particular, follow the dollar. The dollar’s purchasing power is significantly less than it was a few short years …
by Chris Black We’re taking democracy to the next level. Newsmax: Left-leaning billionaire George Soros is prepping to take a huge stake in Audacy, America’s second-largest radio company with its more than 220 stations nationwide, the New York Post reported Wednesday, citing court filings and sources close to the matter. Soros Fund Management has, according to the …
The test firing of a Trident missile from a Royal Navy submarine has failed, for the second time in a row. The latest test of the UK’s nuclear deterrent was from HMS Vanguard and was seen by Defence Secretary Grant Shapps. The missile’s booster rockets failed and it landed in the sea close to the …
I’ve never missed Santos more. Whoever he is. I’ve never missed Santos more. Whoever he is. https://t.co/oCtNPjIPdB — Matt Gaetz (@mattgaetz) February 7, 2024
by Chris Black Sheldon Adelson, Jared Kushner, Steve Mnuchin and Rothschild agent Wilbur Ross enter the chat. Michael Cohen is in the waiting room. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill pic.twitter.com/ECoR8YeiMm — Ron DeSantis (@RonDeSantis) January 21, 2024 He’ll make the announcement …
via Gun Owners of America, A new study published by Johns Hopkins own Bloomberg School for Public Health outlines the action items on the billionaire-funded gun control lobby’s wish list and makes the claim that those specific gun control provisions are crucial to stopping an armed insurrection in the United States. The policy recommendations made by the …
Chinese billionaire Chen Tianqiao, an alleged CCP member, reportedly owns 198,000 acres of Oregon timberland, the Daily Mail reports. According to the outlet, the $85 million purchase makes Tianqiao the second-largest foreign owner of American land. “The sale went through in 2015, but only became widespread knowledge on Monday after Oregon tax records unveiled one of Chen’s …
Democrats Introduce Bill to Effectively Destroy the Constitution’s Last Line of Defense Against Tyranny, ENDING Militias and the 2nd Militias who like to spend their weekends training to overthrow the government could find themselves running afoul of federal law, under new legislation being proposed in the House and Senate Thursday that seeks to curtail paramilitary …
via Yahoo: ““In light of this assessment, we will not be participating in the Big Game this year,” they added. The Jeep manufacturer is the second company to make this decision. General Motors (GM) said in November that it would nix advertising during the big game, according to Reuters. The outlet also reported that Stellantis …
Oh boy. Global freight rate for containers just surged 61% this week. Not the time to celebrate the end of inflation. A second wave is likely underway. H/t @dailychartbook pic.twitter.com/X9K2DZJDWR — Otavio (Tavi) Costa (@TaviCosta) January 5, 2024
Gabriel Prout is grateful for a modest haul of king crab, but it’s the vanishing of another crustacean variety that has the fishing port in Kodiak, Alaska, bracing for financial fallout; for the second year in a row, the lucrative snow crab season has been canceled. “We’re still definitely in survival mode trying to find …
A federal judge in New York has ordered the unsealing of names in the Jeffrey Epstein case, revealing new details and connections. The released documents include mentions of Bill Clinton, Prince Andrew, emails involving accuser Virginia Giuffre, and more. Maxwell’s lawyers accuse journalist Sharon Churcher of assisting Giuffre in fabricating allegations. https://www.courtlistener.com/docket/4355835/giuffre-v-maxwell/?filed_after&filed_before&entry_gte&entry_lte&order_by=desc A federal judge …
via dismal-jellyfish: Source: https://libertystreeteconomics.newyorkfed.org/2023/12/dropping-like-a-stone-on-rrp-take-up-in-the-second-half-of-2023/ Background: Liberty Street has a paper Treasury Bill Supply and ON RRP Investment based on the Staff Report Banks’ Balance-Sheet Costs, Monetary Policy, and the ON RRP. TLDRS: The authors call out the increase in Overnight Reverse Repurchase (ON RRP) take-up from 2021 to May 2023 was influenced by several factors, including higher balance-sheet costs …
This is the moment a fire ripped through cars parked at Bristol Airport, ‘completely destroying’ five vehicles and leaving 11 cars damaged. The dramatic footage shows thick smoke billowing over the runway as cars in the open-air Silver Zone car park were engulfed by the flames this morning. Multiple fire crews raced from Bedminster Fire …
Hannity asks Trump if he has plans to become a dictator. Notably, Trump immediately changes the topic and doesn't answer the question. pic.twitter.com/47dDLSw69X — Aaron Rupar (@atrupar) December 6, 2023 Hannity asks Trump for a second time if he has plans to abuse power. Trump admits he plans to do some dictatorial things on "day …
7th Circuit: AR-15s Not Protected by Second Amendment @BreitbartNews https://t.co/oG1hniUUDR — AWR Hawkins (@AWRHawkins) November 4, 2023 On Friday, a three-judge panel of the United States Court of Appeals for the Seventh Circuit overturned an injunction against Illinois’ “assault weapons” ban, deciding that AR-15s are not protected by the Second Amendment. The preliminary injunction was …
Israeli air strikes targeted Jabalia, Gaza’s largest refugee camp, for the second time in two days on Wednesday. As rescue workers clawed through the rubble and footage showed smoke billowing above the camp, there was no immediate confirmation on the number of casualties. In Tuesday’s attack, the Hamas-run health ministry said that more than 50 …
by Chris Black The chutzpah on these people is unbelievable. Netanyahu: 'Never Again is now. This is Israel's second War of Independence, a war for our very survival that will be long and tough, and we shall prevail' pic.twitter.com/B6tFf05PmB — i24NEWS English (@i24NEWS_EN) October 28, 2023 The things he’s gotten away with are astonishing. But …
The yuan surpassed the euro to become the second main currency in trade for the FIRST time This is according to SWIFT People might scoff at the percentage, but they overlook the underlying trend unfolding More and more countries are looking to settle trade in local currencies — Gold Telegraph ⚡ (@GoldTelegraph_) October 18, 2023
🇺🇸🇮🇱 The US has just VETOED a SECOND United Nations resolution calling for a ceasefire in Gaza. Why are they such war-hungry maniacs? pic.twitter.com/2kz6OpnWCO — Jackson Hinkle 🇺🇸 (@jacksonhinklle) October 18, 2023
Last time was 2007-08. Recession or worse is all but certain. Bank Credit is contracting for only the 2nd time in history. The other time was during the Global Financial Crisis. pic.twitter.com/nQhX7AOgA7 — Barchart (@Barchart) October 16, 2023 The Fed is playing with fire here Monetary policy is the tightest its been in 4 decades …
https://fred.stlouisfed.org/series/CUUR0000SA0R
🚨 CONFIRMED!!! HOLY SMOKES!!!!!!! Trump – “My Second Term, Which we’re sort of Having Now “ 👀 https://t.co/9X9AreZc1q pic.twitter.com/cVebkentUy — MJTruthUltra (@MJTruthUltra) September 28, 2023 Check Out the YUGE Crowd Gathering at Michigan Trump Rally During GOP Debate [VIDEO] Jack Posobiec Firebombs Feckless GOP Presidential Candidates Who Claim They Will Take on the Deep State
By Graham Summers, MBA As I noted a few weeks ago, inflation likely bottomed in July. By quick way of review, the official inflation metric, the Consumer Price Index or CPI, is measured on a year over year basis. So, when the CPI is 5.5%, for instance, what it’s saying is that prices are 5.5% …
Biden accidentally told the truth for once pic.twitter.com/mRcWWTHyQm — illuminatibot (@iluminatibot) September 12, 2023
Listen to the New Mexico Governor explain her constitutional law. This is illegal and she needs to be removed from office immediately. https://t.co/pr81awRFju — Kevin Sorbo (@ksorbs) September 9, 2023 h/t Fully Factionated
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20230906.pdf This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. Highlights: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending.” “Bankers from different Districts had mixed experiences with growth …