“Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of previous decades, Barron’s reported. “We’re running out of new money available to jump on the bandwagon,” Burry told Barron’s. Burry was one of the first investors to spot and profit from the subprime mortgage … Read more
https://www.zerohedge.com/markets/federal-cash-illinois-vastly-more-commonly-reported-138-billion-and-counting We finally have a more comprehensive tally of the grotesquely oversized federal assistance dispensed under the guise of pandemic relief. It’s from CRFB, the Committee for a Responsible Federal Budget, and it’s broken down by states. It obliterates claims made by Illinois lawmakers that they’ve put this state on a sound fiscal path. Illinois, … Read more
On Wednesday, Ren Guoqiang, a spokesman for China’s defence ministry, issued a warning to Washington over its increasing military contacts with Taiwan. Mr Ren told the US that China firmly believes in reunifying with the island nation and is opposed to any foreign intervention. In a statement, he demanded the US to “sever all military ties with Taiwan”. … Read more
Facebook users are reporting they received alerts, “you may have been exposed harmful extremist content recently,” and “are you concerned that someone you know is becoming an extremist” with a button to click to get support. A user, who shared the screenshots of the “extremist content” message from Facebook, wrote this on his Twitter post. “It got more interesting … Read more
by Doug Casey via International Man Everyone who devotes any attention to investing inevitably develops his own specialties, approaches, and methods. In other words a style. There are many paths up the mountain, and all intelligent methods have merit. But the degree of merit can vary tremendously with the times. A value investor, who attempts to … Read more
https://www.youtube.com/watch?v=2PGWCGuarEk Related: HAHA: CNN: Biden should probably stop telling this story about Amtrak that can’t possibly be true. “If we really had the kind of aggressive media we had during the Trump years, someone would ask why Biden keeps getting this wrong and how much of the story is even true. But the media has no interest … Read more
The Federal Reserve gave U.S. banks a thumbs up as all 23 lenders easily pass the 2021 stress test. Best-selling author Nomi Prins says this is “not-so-shocking news… the biggest banks are OK after nearly 13 years of zero interest rate policy.” Speaking with our Daniela Cambone, she explains, “the Fed ‘only’ had to buy … Read more
https://www.nbcnewyork.com/news/local/nyc-hotel-industry-in-a-depression-room-revenue-down-60-report-says/3134878/
New details have emerged showing that Microsoft has been disclosing swaths of information to the United States law enforcement agencies in a manner that the firm has dubbed “routine”. RT’s Trinity Chavez and Boom Bust’s Ben Swann dig into the revelations and what rules justify the move. ( 1:03 ) Plus, a new global minimum … Read more
