by confoundedinterest17 Fed Chair Jerome Powell is The God of Hellfire! Or least home prices. The Case-Shiller 20 metro home price index grew at 19.1% YoY even as The Federal Reserve has “slowed” M2 Money growth to 13% YoY. Home prices are now growing at 4.75x hourly earnings growth. And existing home sales inventory remains low by historic … Read more
from Kerry Lutz’s Financial Survival Network To grasp the the current circumstances in China, we have Daniel Joseph on the podcast today—an individual that has previously lived in China for quite some time—to update us on the socioeconomic situation. As a nation, China seems to be deviating from some of the tactics that made them so successful historically—such … Read more
The new operating system will be available as a free upgrade for eligible Windows 10 PCs, or on new hardware that ships with Windows 11 pre-loaded. The free upgrade to Windows 11 will start rolling out on October 5th, but like many Windows upgrades in the past, it will be available in phases. New eligible … Read more
By Lance Roberts As the Fed started to talk about “taper,” the “bulls” sent a stern warning with a 2% “crash” they shouldn’t. After a couple of weeks of several Fed speakers discussing the need to reduce monetary accommodation, a quick sell-off brought had Powell singing a “dovish” tone at the recent Jackson Hole summit. We said that we would continue our … Read more
CENTCOM Commander Gen. Kenneth McKenzie said the Taliban were “helpful and useful when we closed down operations.” “They established a firm perimeter outside of the airfield to prevent people from coming on the airfield during our departure,” McKenzie said of the Taliban Monday. “They did not have direct knowledge of our time of departure, we … Read more
"I am extremely proud of what I've done. "At the same time freedom and choice, all of those things you have to have. You can't force people to do it. "You have people that for good reason, for their reasons, they don't want to have it. I don't think you should be forcing them." pic.twitter.com/tAcEuvlYpB … Read more
For the first time since the 1970s the sense of fiat currency erosion relative to financial assets and consumer prices due to misguided policies has penetrated the mindset of investors in a significant way. — Otavio (Tavi) Costa (@TaviCosta) August 31, 2021 Nonetheless, easy and cheap access to capital has also been one of the … Read more
Aug.29 — John Paulson, Paulson & Co. president and portfolio manager, explains why gold goes parabolic and why it’s a good investment now. He’s on “Bloomberg Wealth with David Rubenstein.” This was recorded Aug. 12 at Paulson’s home on Long Island.
PayPal is exploring ways to let users trade individual stocks, according to two sources familiar with the plan. As part of the expansion, according to one of the sources, the payment giant hired a brokerage industry veteran to lead “Invest at PayPal” — a previously unreported division of the payments giant. The move comes amid … Read more
That's arguably a better way of saying things. I was looking at things from the Fed's point of view. They Fed openly promotes asset bubbles. Whatever "benefit" they see from that "accommodation" ends NO LATER than the moment they stop QE. https://t.co/cvoXu5tMhZ — Mike "Mish" Shedlock (@MishGEA) August 30, 2021 When the money printer goes … Read more