Independent thinking for complex markets and current events
*Walter Bloomberg @DeItaone IRAN REJECTS U.S. STRAIT OF HORMUZ DEAL AS ‘UNREALISTIC’ Senior Iranian official Mohsen Rezaei said Tehran will not accept a U.S. plan to reopen the Strait of Hormuz unless it includes reparations for war damage. He rejected Washington’s proposed framework, saying Iran will not accept symbolic concessions and insists on “tangible benefits” …
Washington is considering a 9.9% tax on income above $1M. With this proposal, for people making $1M+ the state and local marginal tax rate could be 18% in Seattle. Highest ever. Add 37% federal tax, plus payroll taxes, and more than 50% is gone to taxes. Wild. — The Money Cruncher, CPA (@money_cruncher) January 25, …
Federal layoffs are hammering through Washington, and this is not some neutral belt-tightening. The government shutdown has become a weapon. It is not about budgets. It is about purging agencies of workers deemed politically inconvenient. Offices are emptying, programs are freezing, and the effects are already spilling into public life. People are losing paychecks. Families …
This is basically a stimulus plan dressed up as a rebate. The idea of using tariff money makes it sound like it’s paid for, but in reality it’s closer to a form of universal basic income. And the timing says a lot, the economy’s clearly showing cracks: job losses are starting, oil prices are falling …
“What a loser”🤣 pic.twitter.com/g4XUZiG6l0 — Devolution (@disevolutionism) August 22, 2025
19 states have signed onto the @COSProject which calls for a Convention of States. pic.twitter.com/naZreX58Xf — DataRepublican (small r) (@DataRepublican) June 6, 2025 The movement for a Convention of States is gaining momentum. Nineteen states have officially signed onto the COS Project, calling for an Article V convention to rein in federal overreach and impose …
Scott Bessent on CNBC: “The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.” pic.twitter.com/jvWGeFQNCG — unusual_whales (@unusual_whales) March 16, 2025 You gotta love this guy. Finally we have an adult in the room as Treasury Secretary pic.twitter.com/S3Cfo9iQZo — QE Infinity (@StealthQE4) March …
The alarming contraction in bank credit, an event occurring only once in the past 50 years, adds a foreboding dimension to the rapid depletion of the 2 trillion-dollar Reverse Repo pot. As Wall Street grapples with financing challenges for Washington’s deficits, the ominous trajectory raises concerns about the stability of the financial system. At this …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the …
From Peter Reagan at Birch Gold Group We’ve spent some time discussing the “magic number,” the amount of savings required for a comfortable retirement. Inflation moves the goalpost – and if your retirement planning doesn’t take rising costs into account, you may be in for a shock. According to the annual Charles Schwab survey of Americans with a …
by DAVID HAGGITH It always rains in Washington, even during extreme droughts. In yesterday’s editorial, I wrote about the “emergency drought” Gov. Jay Inslee’s Dept. of Ecology declared over parts of Washington State, including particularly the county I live in, telling what a lie that declaration and the stories about it were. My county was, in …