It was quite a weekend. The US Senate was working overtime on their uber-expensive infrastructure bill, setting the stage for Obama’s Biden’s $3.5 trillion spending spree.
How are markets receiving this news of gargantuan spending by Washington DC?
Commodities are down pretty much across the board this morning, led by an almost 4% drop if WTI Crude. Metals are off too, led by a 3% drop in iron ore futures.
There was also a flash crash in gold and a spike in Bitcoin as the US Dollar dropped. Notice that gold recovered somewhat.
Oh and Covid Czar Anthony “Dark Eye” Fauci is in the news … again … terrifying the world about Covid mutations and vaccinations.
Trending:
- Biden Just Politicized 401(k)s
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- New York Times: “Stolen Valor: The U.S. Volunteers in Ukraine Who Lie, Waste and Bicker. James Vasquez, in fact, was never deployed to Kuwait…”
- Miami Beach braces for new spring break chaos after 2 murders in 36 hours
- US Authorities Weigh Expansion of Emergency Lending Facility Amid Banking Crisis
- ‘Largest Satanic Gathering in History’ Will Require Masks and Vaccinations
- AZ overturns election judgement to verify signatures
- IRAN WAR is about to start
- FRENCH GONE WILD – Let’s have some wine while…
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