by confoundedinterest17 A picture is worth a thousand words. And inflation is starting to rear its ugly head. Hopefully the Biden management team of Powell and Yellen avoid the disasters of Venezuela where their 9% coupon bond that went from par of $100 in 2013 to $10.34 today. With gut wrenching inflation (look at the price … Read more
by Amy S. The US government has already run past the critical mass point of where interest payments on debt are greater than the amount of money it takes in via taxes, fines, etc… By about a couple of billion at this point. So, in other words: it will never be able to pay down … Read more
By Matt from Silver Fortune via Silver Fortune It’s not a matter of when inflation will arrive, it already has.
https://youtu.be/OThI8aafeuM h/t ReorderPoint
President Biden fired Equal Employment Opportunity Commission general counsel Sharon Fast Gustafson on Friday after she declined to resign under pressure from the White House. “At the time I was nominated, I was asked if I would commit to do my best to fulfill my four-year term, and I answered yes,” Gustafson said in a … Read more
by: JD Heyes (Natural News) It’s not everyday that police officers have to be called out in force to guard garbage, and yet that’s exactly what happened in Portland, Ore., last week. Call it a sign of the crazy times in which we live. According to The Oregonian, about a dozen of Portland’s finest were called … Read more
by Lance Roberts The fleecing of retail investors continues as “payment for order flow” expands. Payment for order flow (PFOF) is not new. Previously, in a less connected world of instantaneous data flows, PFOF was minimal and non-invasive. Today, with high-frequency trading, dark pools, and algorithms running amok, retail traders are fodder for Wall Street profits. Some Background In financial … Read more
by Samantha Biggers Inflation is a big topic right now. The $trillions in fresh worldwide stimulus are causing the price of nearly everything we depend on to rise sharply in price, as this chart from February shows: (Note how both Bitcoin and Ethereum have increased a further ~50% since this chart was made just a … Read more
AMC is now worth 2x what it was before COVID — Michael Lebowitz, CFA (@michaellebowitz) March 15, 2021 https://twitter.com/NorthmanTrader/status/1371558661231943684 Dow Jones: U can smell the turning point its so close pic.twitter.com/7y3YjyqYeV — The Great Martis (@great_martis) March 15, 2021 Next stop $30 TRILLION sometime in the next month or so! pic.twitter.com/Cc5VtvQFZ0 — Trig (Fed up! … Read more
This is really a big deal to a lot of companies depending on these authentication services. Pretty much the whole azure cloud is crippled till this is back up. https://status.azure.com/en-us/status https://downdetector.com/status/windows-azure/ If you can't log into Microsoft services, including Microsoft Teams, Office and/or Dynamics, Xbox Live, and the Azure Portal, it's not you It's AD. … Read more
(Bloomberg) — Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut … Read more
Democrats are trying to take control and micromanage every city, every county, and every state in this country. pic.twitter.com/ZTx0JIXeQk — Sen. Marsha Blackburn (@MarshaBlackburn) March 15, 2021
by LiteBulb88 Since it’s been asked about quite a bit here, the IRS has released guidance on how to handle the $10,200 unemployment exclusion: https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation The basic idea is that you’ll put in your unemployment amount on schedule 1, line 7 as usual, then on line 8 (“other income”) you’ll put in (10,200), with the … Read more
Right now, all U.S. financial cans are being kicked down the road. One tipping point is that debt is putting real pressure on the economy. They keep saying the U.S. fiscal picture will improve at some point, but when? We’ve been waiting an awful long time.
Short Sellers Boost Bets Against SPACs SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motorshttps://t.co/vqSd7t1g7Z #lbo #HF #PrivateEquity #pe #mergers #acquisition #deals @ennovance #Hedgefunds https://t.co/azzsNSVX7q pic.twitter.com/msGCjyjdey — Mo Hossain (@MoHossain) March 15, 2021 https://twitter.com/RetirementRight/status/1371344830433955842 https://twitter.com/macro_daily/status/1371335902803464198
Authored by Daniel Lacalle, How can a a small rise in bond yields scare policymakers so much? Ned Davis Research estimates that a 2% yield in the US 10-year bond could lead the Nasdaq to fall 20%, and with it the entire stock market globally. A 2% yield can cause such disruption? How did we … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How the expansion of money supply is boosting gold’s allure, an overview of last year’s precious metals imports to the U.S., and U.S. Mint releases final batch of American Gold Eagle coins … Read more
by Martin Armstrong Trump’s former lawyer Michael Cohen is a classic example of why someone like him will do anything to save his skin. The indictment process is a joke. The prosecutor can indict a ham sandwich. There is no defense allowed and whatever he tells the grand jury is secret. Indictments really do not … Read more
by confoundedinterest17 Gold and silver rose on Monday morning while cryptocurrencies Bitcoin and Ethereum fell. Cryptocurrencies (top 5) have exceeded $1 trillion. To be sure, big taxes on cryptocurrencies are on the radar as The Federal Reserve tries to kill competition for the US dollar. Although The Fed has already destroyed the purchasing power of the … Read more
Taiwan China relations are heating up as China bans imports of Taiwan pineapples. But that’s created a worldwide backlash.
Kids detained at the border not able to shower for days (CNN) — Lawyers from the National Center for Youth Law say children haven’t been able to shower or call their parents. The team interviewed a dozen children in the government-run tent facility last week. The border patrol blocked the group from touring the facility. … Read more
More California Cities Experiment With “Hero Pay” Leading To Predictable Results Back in early February, we looked at a story out of Long Beach, California where the City Council passed an ordinance requiring large, chain grocery stores to provide workers with an extra four dollars per hour as “hero pay” during the pandemic. That immediately resulted in … Read more
https://t.co/wIsnrO6uJw — davis (@davidfranczak1) March 14, 2021
China’s capital city woke up to yellow skies on Monday as the biggest sandstorm the country has seen in a decade swept through the city, sparking new health fears. The thick brown dust shrouded Beijing‘s iconic landmarks, including the Forbidden City, and downtown skyscrapers at times disappeared from the view, enveloped by clouds of sand. The … Read more
