Here we go again….Regional banks plummeting as short sellers circle, weighing on market, lifting Treasuries

by dkrett There has been no particular catalyst for the tumble in the regional banks Tuesday (KRE ETF currently down 8%), with losses accumulating gradually from the open, but mainly after JOLTS job openings data entered the rear view. The sell-off Tuesday is permeating across the regionals as a whole, rather than any specific banks … Read more

I still believe that the “ULTIMATE BOTTOM” and the “END OF BEAR MARKET” is 4-5 months later from here.

by DesmondMilesDant I believe something will break from here to October that no one is probably thinking about right now by just looking at the price action across stocks, bonds, metals, commodities, housing, and forex. The theory goes like: Something happens -> Spreads will blow up -> Dollar gets the safe haven bid -> Bonds … Read more

There is plenty of oil wealth in Alaska but it is going everywhere but Alaska #akleg While the state of Alaska is struggling to make ends meet, Conoco gave $15Billion in dividends to their shareholders in 2022

Out of 6.7 billion of AK’s oil wealth in 2018, AK received 229 million. An international consultant uses AK as an example of a failed oil tax system. Out of 6.7 billion of AK's oil wealth in 2018, AK received 229 million. An international consultant uses AK as an example of a failed oil tax … Read more

The Navy’s newest recruiter campaign

The Navy brought a drag queen ‘Harpy Daniels’ who is an active duty sailor to participate in a pilot program aimed at targeting a wider array of potential recruits through digital platforms The Navy brought a drag queen 'Harpy Daniels' who is an active duty sailor to participate in a pilot program aimed at targeting … Read more

ChatGPT found to give better medical advice than real doctors in blind study: ‘This will be a game changer’

While AI chatbot’s answers scored higher for quality and empathy, some experts express caution and worry When it comes to answering medical questions, can ChatGPT do a better job than human doctors? It appears to be possible, according to the results of a new study published in JAMA Internal Medicine, led by researchers from the … Read more

Robinhood will let my $295,000 in FRC puts expire worthless, while other brokers allow users to cash out

via WSB: The OCC has released guidance allowing FRC put holders to cash out and exercise their puts. Multiple brokerages like IBKR and Fidelity are allowing put holders without shares to exercise into a short position if they have enough cash collateral. Robinhood is also allowing FRC put holders to exercise. However due to their … Read more

The EU forcefully takes farmers land. First world countries are about to face beef and dairy shortages and it’s 100% orchestrated, your choices are synthetic tumour grown meat or insects! From Rat burger to Roach burger…

by UniversalSurvivalist “prohibiting them to start over elsewhere”, that’s how you know they’re orchestrating a collapse, you’ll be forced to eat their disgusting alternatives  https://twitter.com/EvaVlaar/status/1653374067469156353?t=w3TAd6VJ-NAEUDptRiguPw&s=19

California Teachers Sue School District Over Policy of Hiding Children’s Gender Transition from Parents

Teachers from a California middle school sued their school district and the state education board on Thursday over policies that they say require them to hide students’ intentions to change genders from their parents. The federal lawsuit filed by attorneys from the Thomas More Society alleges that administrators at the Escondido Union School District and California State … Read more

Bankstorm 2023 has arrived…

Bank failures since 2001 https://observablehq.com/@mbostock/bank-failures And a similar graph adjusted for inflation: this one is adjusted pic.twitter.com/ZtPSyLHMum — viralhysteria (@ivenyulfgrevn) May 2, 2023   S**t Just Hit The Fan Across Markets, Regional Banks Crashing Weak JOLTS?, Poor factory orders, hot EU inflation, surprise RBA rate-hike, a sudden realization of the urgency and seriousness of the … Read more

Biden offers $500K grant for English teachers in Pakistan that focus on transgender youth

“The Biden administration is offering a $500,000 grant to help teach the English language in Pakistan, in part by providing “intensive professional development courses for Pakistani transgender youth.” The State Department grant said it is aimed at teaching English language skills to Pakistani youth so they can “better participate in the global community and prepare … Read more

The labor market continues decelerating

🇺🇸🚨 Job vacancy in the US has dropped by 20.3% from its peak. Will employment data in the coming months see a similar declinehttps://t.co/rE61n1gCqU — MacroMicro (@MacroMicroMe) May 2, 2023 There is a 50% decline in software-development job postings compared to a year ago, per Indeed. — unusual_whales (@unusual_whales) May 2, 2023

One More Hike! Fed Expected To Raise Rates One More Time, Then Start Cutting Rates (Large Bank Failures, Slowing Economy)

by confoundedinterest17 Like the Phil Collins song “One More Night”, there will be one more hike. The Fed Funds Futures data is pointing to one more hike at the upcoming May FOMC meeting. Then reversal of policy. With the massive bank failures under Clueless Joe, The Fed will intervene to make the problem worse. And with … Read more

The Punisher! Biden “Punishes Responsibility” As New Mortgage Equity Program Begins

by confoundedinterest17 Joe Biden should be nicknamed “The Punisher” for his new woke mortgage idiocy. Starting yesterday, the Federal Housing Finance Agency’s mortgage pricing adjustments will increase fees for borrowers with high credit scores while reducing costs for those with subpar credit scores. This upside-down policy is blatantly socialism, and one can’t help but wonder … Read more

Banking meltdown spreading quickly: Pac West and another Bank just went Boom. Half of America’s banks are already insolvent!

The next bank crashes after just ONE DAY. after the takeover of First Republic Bank from JP Morgan. Bank dying continues! JUST IN: PacWest Bancorp $PACW stock trading halted, citing volatility, after sinking 30% today. pic.twitter.com/awKS9nuTRD — Watcher.Guru (@WatcherGuru) May 2, 2023 Many politicians have been caught trading around the banking crisis. This includes U.S. … Read more