Month: April 2023

IRS wants to increase audits by 10X…

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The IRS hopes to increase tax audits on the wealthiest taxpayers tenfold under the Biden administration’s plan for the agency, according to a senior administration official and the IRS’s new strategic operating plan. IRS and Treasury Department officials said Thursday that they will use $80 billion in new funding for the tax service to claw back unpaid … Read more

Betting against First Republic, short sellers made $848 Million in March – Ortex

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April 4 (Reuters) – Short sellers made a whopping $848 million in paper profit by betting against beleaguered First Republic Bank (FRC.N) in March, financial data company Ortex said on Tuesday, making it the most profitable short trade last month. https://www.reuters.com/markets/us/betting-against-first-republic-short-sellers-made-848-mln-march-ortex-2023-04-04/

The bank with highest short positions – $TD

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by Gofighting777 $TD the Canadian bank has 3.7 billion short positions right now for 4 reasons: The bank is in a deal to buy US regional bank First Horizon ($FHN) with $13.4 billion. As First Horizon is current trading at $17 (32% below the acquisition price $25 pre share), investor think TD overpaid for the … Read more

#ClownWorld lunacy stops when “woke” companies pushing globalist agendas are boycotted into insolvency

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by Simian_Stacker I can almost guarantee that the people who drink budlight are the same people these idiots pissed off. Why do these companies to this rather than stay neutral? Are they being compensated, tax breaks? It makes no sense. Imagine selling beer at a basketball game and you’re wearing one team’s jersey and booing … Read more

Frank Giustra: China is now content to let gold move higher?

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I have been puzzled last few months as to why China started reporting its gold purchases after remaining silent since 2019, and why they were relatively small purchases.Perhaps they have as much gold as they need and are now content to let the price move higher? https://t.co/JHDth73KWP — Frank Giustra (@Frank_Giustra) April 5, 2023

‘The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.’

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CHARLES HUGH SMITH: Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking … Read more

Challenger Job Cuts UP 319% YoY, Highest Ever In Non-Recession OR Are We Actually In A Recession? (Technology And Financial Sectors Lead Job Losses)

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by confoundedinterest17 The Challenger, Gray and Christmas job cuts report is out for March and it revealed a year-over-year (YoY) increase in US job cuts of 319%. That is the largest increase in job cuts for a non-recession month. In other words, this feels like a recession. Where were the job cuts in March? Technology got blasted … Read more

Regular eggs price around the world…

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Regular eggs price🥚: Switzerland🇨🇭: $6.14 (Import $3.90)Iceland🇮🇸: $5.39New Zealand🇳🇿: $4.64Denmark🇩🇰: $4.32USA🇺🇸: $4.12Canada🇨🇦: $3.07UK🇬🇧: $2.63Poland: $2.52Venezuela🇻🇪: $2.09China🇨🇳: $1.93Brazil🇧🇷: $1.92Japan: $1.83Nigeria🇳🇬: $1.64Turkey🇹🇷: $1.63Russia🇷🇺: $1.34… pic.twitter.com/OPJedsonmQ — Russian Market (@runews) April 6, 2023

HOW WEAK IS BIDEN? China is ghosting the United States.

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via politico: Secretary of State Antony Blinken wants to reschedule his date with China. Beijing is giving him the cold shoulder. The Biden administration called off Blinken’s planned trip to Beijing in February after a Chinese spy balloon traversed U.S. skies, but has since been trying to restart high-level talks. That includes rescheduling the Blinken visit, … Read more

Getting Rejected by Every Ivy League University…

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Whatever could it be that caused him to FAIL… The best students are not going on to the best universities—because of their race and gender. The US is depriving itself of the best talent. The effects of this will resonate for decades to come.pic.twitter.com/y6BnZ5tIBe — Gonzalo Lira (@GonzaloLira1968) April 5, 2023 h/t Dodger007

Fake News Outlets Use Fake “Fact Checks” in Slimy Attempt to Distance Deranged Democrat DA Alvin Bragg From Admitted Nazi Collaborator George Soros

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Manhattan District Attorney Alvin Bragg has quickly become a national figure for bringing an indictment against former President Trump, the first criminal charges against a current or former president in U.S. history. Many of Bragg’s critics have accused him of being political based on his past rhetoric expressing his intent to go after Trump as … Read more

Here’s what you need to know about the TransAgenda

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by ElleMira Someone posted today: “Are they trolling us with all this Transgender crap?” Of course they are. It serves their agendas in several ways: 1. The constant push of the transagenda demoralizes, agitates and weakens the traditional, conservative, Christian base – redefining what we’ve codified as “American values”. It serves to denigrate the concept of the traditional … Read more

Newest NATO member’s government resigns.

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Finnish President Sauli Niinisto has accepted the resignation of Prime Minister Sanna Marin just days after the country became the 31st member of NATO, the president’s office has announced. Marin submitted her request to step down during a meeting with Niinisto at the Mantyniemi presidential residence in Helsinki on Thursday. The president asked her to … Read more

First time home buyers face the least affordable market on record… financial disaster brewing in housing markets… The bank stocks continue to sink.

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First time home buyers face the least affordable market on record, per Bloomberg. pic.twitter.com/K8F6u5lA5L — unusual_whales (@unusual_whales) April 6, 2023 The bank stocks continue to sink. Regional banks (orange) are now at a new closing low since the bank failures a month ago. Good thing the banking crisis has stabilized. Otherwise, the bank stocks might … Read more

The higher “USINTR-US10Y” spreads goes the higher screams of Fed cutting you might hear especially when we have the worst Debt/GDP ratio.

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by DesmondMilesDant With US jobless claims coming above consensus forecast (228,000 versus 200,000), market concerns are spreading about the speed of the US economic slowdown.And with a pivot from favorable interest rate risk to unfavorable credit risk, bad economic news becomes bad news for stocks — Mohamed A. El-Erian (@elerianm) April 6, 2023 Jobless Claims … Read more