Month: February 2022

Sheriffs Team Up With The Feds To Hold Up Armored Car Company, Civil Forfeiture Makes It Possible

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Highway robbery with badges. That is what Empyreal Logistics, a national armored car company, has been the victim of multiple times within the last year. Five times, drivers with the company have been pulled over for flimsy reasons with officers seizing the cash they were transporting on behalf of customers a total of three times. … Read more

Are We Headed Into A Full-Blown Debt Crisis And Stock Market Meltdown?

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Global central banks – especially emerging markets – far more involved this cycle – a thesis we presented on @MacroVoices with @ErikSTownsend / must follow. pic.twitter.com/MLonpkIwBr — Lawrence McDonald (@Convertbond) February 3, 2022 "We are not behind the curve."#Inflation pic.twitter.com/VW7yB2fENb — Lawrence McDonald (@Convertbond) February 3, 2022 Relentless pic.twitter.com/THYN10DNxn — The Market Dog (@TheMarketDog) February … Read more

Warning: The Next Bloodbath is About to Begin

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By Graham Summers, MBA The stock market is setting up for another puke. High yield credit typically leads the stock market. During the 2020 crash triggered by the economic shutdowns, high yield credit was already flashing major warning signals as early as January, while stocks continued to rally into late February. By the time stocks … Read more

Will the Winter Games be a PR Disaster?

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by Martin Armstrong The Winter Olympics opened to a lackluster start with only 14 million viewers, marking the least-viewed Olympics in the ceremony’s history. Beijing permitted 150,000 live spectators to attend the games at the last minute. Although this is not a lucrative endeavor for China, the minuscule audience is a blow to its public relations … Read more

30 Tons! Mortgage Rates Rising As Fed Navigates Rising Rate With $30 Trillion In Federal Debt (Good Time To Buy Home Hits All-time Low)

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by confoundedinterest17 30 Trillion in debt and what do you get? Another day older and deeper in debt. What else do we get? Rising inflation and rising interest rates. Mortgage rates are rising rapidly as The Federal Reserve contemplates 5-7 rate increases over the next year and removing their balance sheet stimulus. And according to Fannie … Read more

Ted Cruz got $50K bitcoin in dip

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Count Sen. Ted Cruz among those who are betting that bitcoin and other cryptocurrencies are set for a rebound in the coming months. Cruz (R‑Texas) bought between $15,001 and $50,000 of bitcoin in a transaction dated Jan. 25, according to a Senate financial disclosure. The Texas senator made the purchase on River Financial, a leading … Read more

China Buys Stocks to Stem Rout

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The CSI 300 Index ended down just 0.6% at the close, paring an earlier slump of 2.4%. State-related funds entered the market to buy local shares in the afternoon session, according to two people with direct knowledge of the matter, who asked to not be identified because the matter is private. Meanwhile, U.S.-listed Chinese shares … Read more

China Media: ‘Pelosi Is Right,’ Shutup

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The Chinese government-run Global Times newspaper asserted in a column on Sunday that House Speaker Nancy Pelosi (D‑CA) “was right” to tell athletes last week to resist criticizing the Communist Party while competing in the 2022 Beijing Winter Olympics. Pelosi, a vocal critic of the Chinese government decades ago, advised athletes during a hearing organized … Read more

Cathie Wood Dumps $142 Million of Twitter Stock Before Earnings

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https://www.bloomberg.com/news/articles/2022-02-08/cathie-wood-dumps-142-million-of-twitter-stock-before-earnings Cathie Wood stepped up selling of social media platform Twitter Inc. shares days before its earnings. Wood’s firm ARK Investment Management LLC sold nearly 4 million Twitter shares on Monday, the most in one day since at least May, according to trading data from ARK compiled by Bloomberg. The social-media company is set to … Read more

RECORD 31.5 MILLION TO BET ON SUPER BOWL

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ATLANTIC CITY, N.J. (AP) — A record 31.5 million Americans plan to bet on this year’s Super Bowl, according to estimates released Tuesday by the gambling industry’s national trade group. The American Gaming Association forecasted that over $7.6 billion will be wagered on pro football’s championship game set for Sunday. Both the amount of people … Read more