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By Chris Black Cassandra Fairbanks is a writer for the so-called conservative outlet The Gateway Pundit. Here’s an article published on the Gateway Pundit yesterday: EXCLUSIVE: Capital One Cancels Proud Boys Leader Enrique Tarrio’s Credit Card Over ‘Adverse Past or Present Legal Action’ The article deplores the fact that Enrique has been banned by credit … Read more
by Shaun Richards A major story in 2021 so far has been the moves in bond yields. This matters because they have become more significant in economic terms during the credit crunch. A factor in this is the way that the ZIRP era of effectively 0% official interest-rates has pretty much stopped the game there … Read more
BY JAMES RICKARDS I’ve made many visits to China over the past thirty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips. My visits have included Chongqing, Wuhan (the origin of the coronavirus outbreak), Xian, Nanjing, new construction sites to visit “ghost cities,” and … Read more
by Tom McClellan There is a difference in how the stock market typically behaves in the first year of a presidential term depending on whether the incumbent party candidate wins versus the challenger party. We can see that difference in the two versions of the Presidential Cycle Pattern (PCP) shown in this week’s chart. When a … Read more
by Martin Armstrong The EU is exempting private jets from Global Warming taxation. Since the elite all have private jets, they certainly can’t possibly restrict themselves. They are the ones the world desperately needs. There were 309 private jets that flew to Davos in 2019. While Schwab says we all must walk to work which is from our bedroom … Read more
https://www.efinancialcareers.com/news/2021/07/zoltan-pozsar-credit-suisse Pozsar estimates that use of the facility has jumped by $300bn since the Fed increased the interest rate on the RRP from 0 to 5bps last month: the higher rate means it no longer makes any sense to hold lower yielding Treasury bills and Pozsar thinks money will continue to flow into the RRP … Read more
https://twitter.com/husserl80/status/1413098091062992897
When Chicago Public Schools fully reopen late next month for the first time since the start of the pandemic, students will be returning to schools stocked with hand sanitizer, disinfectant wipes, masks, forehead thermometers and air purifiers. But nearly every CPS school will also have items that experts say will keep students healthy and safe … Read more
A top aide for San Francisco District Attorney Chesa Boudin locked her Twitter account earlier this week after appearing to mock a constituent who had expressed concerns about crime in the city. Kate Chatfield, Boudin’s senior director for legislation and policy, reportedly set her account to private mode “hours after comparing political opponents to ‘The … Read more
Elise Jordan — ‘Defund the police is a losing message for Democrats’ No word if party leader AOC has approved this anti-Pravda message https://citizenfreepress.com/breaking/how-did-this-get-past-msnbc-censors/
Total Margin Debt:https://t.co/4yMXIe42H6 Bubble: $450 BillionGreat Recession: $400 BillionNow: $850 BillionThis is very much like the bubble in synthetic asset backed CDOS before The Great Financial Crisis. — Ben Rickert (@Ben__Rickert) July 8, 2021 2008 5x minimum. Look out below. — Econman97 (@BoltCuddy) July 8, 2021 https://twitter.com/RetirementRight/status/1413166254777536521 We're at the stage of the mania where … Read more
https://twitter.com/Leve_raged/status/1412928948586127362
https://twitter.com/NorthmanTrader/status/1413147494083563527 Wells Fargo tells customers it’s shuttering all personal lines of credit The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The product, which typically gave users $3,000 to $100,000 in revolving credit lines, was pitched as … Read more
by -CaptainOfChaos- I know when I started investing in stocks I though Penny Stocks were a great way to buy companies cheap but now I realize I was wrong. Many lower quality companies intentionally divide their company into shares with a low price to attract young investors that don’t do good due diligence. Also, many … Read more
Strike forces? This doesn’t end well methinks. https://t.co/1ahIreMbyV — Edward Dowd (@DowdEdward) July 8, 2021
Michael Avenatti cries in court as he is sentenced to 2.5 years in prison for Nike extortion Michael Avenatti was sentenced Thursday to just 30 months in prison for a brazen scheme to extort athletic apparel giant Nike out of up to $25 million. That sentence was much lower than the nine years … Read more
Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who killed himself last summer after mistakenly believing he owed $730,000 to the online broker. Alexander Kearns,20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a … Read more
NYC is Seizing Real Estate with Carbon Taxes!! (Insane New Law) NYC is pretty much dead at this point. Sad really h/t sseess
The Black Swan event. An unpredictable force of disruption. Inflation has been surging in the prices people pay for things whether that’s housing prices, real estate, stocks, lumber, copper, food prices, car prices. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped … Read more
