Guest Post by Chris at Neptune Global: Silicon Valley Bank, Signature Bank, Credit Suisse, First Republic, and now Deutsche Bank; the list grows longer and soon it will be too bothersome to list them all. Right now the focus is on the individual banks and things they did or didn’t do. Also, there is the … Read more
via MICHAEL MAHARREY Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves and could help undermine the Federal Reserve’s monopoly on money. Rep. Bud Hulsey (R) and … Read more
h/t wetdirtkurt
Drag camp for 7-year-olds. But we’re not allowed to call them groomers. https://t.co/JiCDuiI9ue — Libs of TikTok (@libsoftiktok) March 31, 2023 This is from a drag event in @ForsythTechCC where they also invited younger kids. A parent told me the kid getting the lap dance is a 10th grader. Full story here: https://t.co/YnMRuxqkNO pic.twitter.com/5kb4L2ml1A — … Read more
‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’ “Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. “I was wrong to say sell,” Burry wrote on Twitter on Thursday. Burry … Read more
He campaigned for the job. He was hired to do a job. Now he checked the box. There’s no mystery here on political bias. Forget Trump’s money, a law student could get this case dismissed pro bono. It’s a new low for our country h/t Violated_Norm
CBS News is reportedly ordering staff not to use the term “transgender” to describe the shooter responsible for Monday’s horrific shooting at a private Christian school in Nashville, Tennessee, that left six dead, including three 9-year-old children. Police identified the shooter as a 28-year-old transgender and did not rule out that gender identity may have been … Read more
h/t EuphoricTrilby
The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” and meant policymakers were slow off the mark in containing inflation over the past two years, according to HSBC Senior Economic Adviser Stephen King. Central banks around the world have hiked interest rates aggressively over the past year … Read more
Nearly two-thirds of consumer spending goes to services. That’s where the inflation action is. By Wolf Richter for WOLF STREET. Energy prices continued to drop, and prices of some goods dropped from the crazy spike in 2021, and food prices are increasing at a more moderate rate. We have seen these trends for months. But the element that … Read more