Rollercoaster! ‘Roller-Coaster Ride’ in Bonds Puts Onus on Powell to Bring Calm

by confoundedinterest17 Rollercoaster! (Bloomberg) — Treasury traders are looking for Federal Reserve Chair Jerome Powell to provide some calm after a volatile few sessions that have sent yields on what one bank described as a “roller-coaster ride.” Ten-year yields have swung in a 25-basis-point range in the past three sessions, having initially been thrown higher by the Fed’s comments … Read more

America’s Largest Landlord Just Got Bigger: BLACKSTONE Buys 17,000 Houses For $6 Billion

https://www.zerohedge.com/markets/americas-largest-landlord-just-got-bigger-blackstone-buys-17000-houses-6-billion   Wall Street won’t rest until it become the biggest – and perhaps only – landlord in the US. At least that’s the impression one gets by observing the behavior of the two Wall Street “black” giants, Blackrock and Blackstone. As a reminder, the WSJ sparked widespread outrage recently when it exposed what most … Read more

GOOGLE Faces EU Antitrust Probe of Ad-Tech Abuses… AMAZON Purchase of MGM to Be Reviewed by FTC…

  Google Faces EU Antitrust Probe of Alleged Ad-Tech Abuses EU probe increases scrutiny of Google’s leading role brokering digital ads across the internet The European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector, the most wide-ranging case yet to look at that pillar of … Read more

A Single Company in Taiwan Makes 92% of the World’s Most Sophisticated Chips

Apple, Qualcomm, and Intel design chips, but when it comes to making them, the World Relies on One Chip Maker in Taiwan, Leaving Everyone Vulnerable. Taiwan Semiconductor Manufacturing Co. TSM’s chips are everywhere, though most consumers don’t know it. The company makes almost all of the world’s most sophisticated chips, and many of the simpler ones, … Read more

May US Existing Home Sales Fall -0.9% MoM, Available Inventory Increases Slightly, Median Price Up 2.8% MoM And 23.56% YoY

by confoundedinterest17 Fed Chair Powell will speak to a Congressional Oversight Panel today at 2pm. He released his printed statement, and mentions that inflation is usually high. “Inflation has increased notably in recent months. This reflects, in part, the very low readings from early in the pandemic falling out of the calculation; the pass-through of past increases in oil … Read more

Trump sues NYC and DeBlasio…

Former President Donald Trump’s company sued New York City Monday for allegedly wrongfully terminating contracts the Trump Organization had to operate city facilities. “The City has no right to terminate our contract,” Trump Organization officials said in a statement. “Mayor [Bill] de Blasio’s actions are purely politically motivated, have no legal merit, and are yet … Read more

German MSM: ” PCR TEST IS USELESS!”

They say in this report that the test cannot show if people are CONTAGIOUS, as the CT is not regarded. The CT tells how much of the “virus” you have inside of you. A certain amount is needed to spread it around. So the whole lockdown they say (!!!!!) was unnecessary & useless!!!! But do not … Read more

Ninth Circuit reinstates California’s ‘assault’ weapons ban

Earlier this month a federal judge overturned California’s ‘assault’ weapons ban because it violated the second amendment. The Ninth Circuit just reinstated it: The three judge panel issued a stay on Judge Roger Benitez’s ruling, which means the current ban on the firearms will stay in place while other proceedings continue. California Attorney General Rob … Read more