Jackson Hole: Risk vs Reward Favors Contrarian

by David Brady via Sprott Money When the herd or markets price in the higher probability of one scenario, the risk of being disappointed by the opposite occurring will have a far more profound effect on prices. The risk-reward profile always favors the outcome that surprises the most people. All except the contrarians. For example, if the stock … Read more

Powell Says Taper Could Start in 2021, With No Rush on Rate Hike (Could, Not Would)

by confoundedinterest17 Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. That is COULD, not WOULD. At the Fed’s most recent policy meeting in late July, “I was of the view, as were most participants, that if the … Read more

Taliban requesting we keep an Embassy in Afghanistan

New: The Taliban have requested that the United States keep a diplomatic presence in Afghanistan beyond the Aug. 31 withdrawal of U.S. forces. Biden admin is weighing the possibility. Nothing finalized https://t.co/I8C4ECJSMF pic.twitter.com/RZQKXVUktI — John Hudson (@John_Hudson) August 27, 2021 h/t last one

DOVE Alert! S&P 500, Gold, Bitcoin Rise After Powell Goes Full DOVE, UST 10Y Yield Falls

by confoundedinterest17 Well, I was expecting a little more guidance than Fed Chair Powell gave today at the J-Hole conference. In fact, failing to give a hard date on paring back the balance sheet and raising rates is downright dovish. A regrettable incident. As a result of Powell’s dovish talk, GOLD, BITCOIN and the S&P500 index rose. … Read more

Taliban have entered Kabul airport (UPDATES)

BREAKING Death toll in Kabul airport attack jumps 170, not icluding the 13 US soldiers, according to NYT. It is one of the deadliest in the city history U.S. forces will evacuate Kabul airport and withdraw tonight https://twitter.com/Brave_spirit81/status/1431221943366258689 https://twitter.com/guyelster/status/1431142778315149315 #BREAKING Death toll in #Kabul airport attack jumps 170, not icluding the 13 US soldiers, according … Read more

WH PRESS CONFERENCE TODAY: This New York Post reporter just broke what might be the biggest presidential scandal in history

Quite the question from the New York Post on the day after a terror attack killed 13 US service members. Psaki is asked about Judicial Watch releasing records on the President’s dog? pic.twitter.com/SVekA0zUgE — Acyn (@Acyn) August 27, 2021 Finally!! Someone steps up and asks the hard questions. View post on imgur.com h/tSardonicos Landshark

Beware of Inflation: Wise Investors Learn from Others’ Mistakes

from Kerry Lutz’s Financial Survival Network Where is money flowing from, and where is it going? Today, Jerry Robinson and I get on the podcast to address this question in regard to foreign affairs, cryptocurrency, and the precious metals. Robinson and I discuss some of our most universal pointers for building wealth, which at its core is achieved … Read more

Tucker Interview with US Army Veteran: “”Today has been an absolute tragedy, but unfortunately I think we’re seeing over nearly two decades of lies come unraveling.””

🔥🔥🔥🔥🔥🔥🔥@joekent16jan19: "There will be accountability when we take our country back, and that's why I'm running for Congress to take this nation back." pic.twitter.com/6icU4bzO4J — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) August 27, 2021 https://t.co/iy4hG9aoVs — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) August 27, 2021

Had to Make Sure this wasn’t a Babylon Bee Piece

by Chris Black This is beyond parody. Where’s the essential oil surgeon? The flat earth astrophysicist? Harvard's new chaplain is an atheist — and 'Good Without God' https://t.co/J9nWM6ladF pic.twitter.com/Mg1oxxH009 — New York Post (@nypost) August 26, 2021 To thrive, humans crave order. Order is provided by stability. Stability is provided by structure. Structure is built … Read more

New York Magazine Writer Argues Media Worse for Biden than for Trump

by Chris Black One of the most important structural asymmetries in American politics is that Republicans have a mass media ecosystem that always supports them, while Democrats don't https://t.co/e976VmVieB — Jonathan Chait (@jonathanchait) August 26, 2021 This is really catching on with the finest minds of the right https://t.co/fEfSmZBHHC — Jonathan Chait (@jonathanchait) August 26, … Read more