Apple will reportedly sell the iPhone as a subscription service… = You will own nothing and be happy
Apple is reportedly working on selling iPhones and iPads themselves as part of a hardware subscription service, according to a new report from Bloomberg, whose author Mark Gurman writes the service could arrive next year. The move would fit into Apple’s ongoing push towards subscription services as a whole. Over the past several years, Apple … Read more
New York Post: Biden to Sell U.S. Energy to Europe in Bid to Cut Reliance on Russian Gas #AmericaLast
US to sell energy to Europe in bid to cut reliance on Russian gas https://t.co/ndSWw33gXw pic.twitter.com/eE294fEQPC — New York Post (@nypost) March 25, 2022 Get energy independent your self first!
Surprise! Biden Says Sanctions Will Cause Food Shortages
President Biden alerted us that, as a result of sanctions on Russia, food shortages for Americans are “going to be real.” So, for a fight on the other side of the world, that doesn’t threaten American interests in the least bit, the American people are supposed to suffer from a lack of food? Does that … Read more
WHAT COULD POSSIBLY GO WRONG? Democrats Promise Free Gas Money for Everybody!
How about some free gas money to ease the pain at the pump? That’s the plan being pushed this week — to the tune of $100 per household each month — by congressional Democrats. I’m kidding, of course. Democrats would never propose a free gas money program so small. It’s actually $100 per household plus … Read more
US Pending Home Sales Decline -4.1% MoM In February (-5.4% YoY) As Mortgage Rates Rise, March Median Prices UP 17% YoY And Inventory Remains MIA
by confoundedinterest17 US pending home sales for February surprised to the downside, down -4.1% MoM and -5.4% YoY, as mortgage rates soar. And inventory remains MIA. Not surprisingly, March median sales prices are up 17% YoY. University of Michigan buying conditions for housing is the lowest since the Carter inflation fiasco. Let’s see if The Fed will … Read more
San Diego man base jumps from 23-story building with daughter watching – doesn’t end well
According to police radio traffic, a 911 caller heard a “loud pop” similar to a gunshot, looked over a balcony and saw the man bleeding on the ground, the San Diego Union-Tribune reported Wednesday. “We believe that his daughter was up on the rooftop with him, and was able to view what happened,” Wahl said. … Read more
They went from “Build Back Better” to “There will be food shortages”
These are just the facts, this is what Biden said. Can it become any clearer that this whole “administration” is an intentional effort to destroy the western world? Hellbent on destroying liberty, justice and peace. h/t ADdreaming
Trouble In Potomac City! US Treasury 10Y-5Y Curve Goes Further Into Inversion As Mortgage Rates Keeps Rising
by confoundedinterest17 We’ve got Trouble in Potomac City! The US Treasury 10Y-5Y curve is going deeper into inversion. The short end of the Treasury curve is rising, as expected, but declining at the 5 year tenor and beyond. The aggregate Treasury Index is plunging as Fed Funds Futures signal 8.341 rate hikes over the next year. … Read more
If You Believe This… Please Stop Reading Now
By Graham Summers, MBA The bottom is in. As everyone knows… the Fed has saved the day again! On Tuesday, Fed Chair Jerome Powell announced that the Fed is NOT going to raise rates anymore. It’s not going to shrink their balance sheet either. And best of all… inflation which entered the financial system for … Read more
Are we Following the Path of Pearl Harbor?
by Martin Armstrong The post-2024 period appears to be a significant global war – all-in sort of thing. But will also be intermixed with shortages in commodities thanks to also weather conditions. Currently, the Neocons who have control of the Biden Administration are totally insane. They have used an executive order to do these sanctions bypassing Congress for … Read more
In 2018, Chuck Schumer stood in front of a gas station selling $3.89 gas and demanded Trump lower prices. Today, the national average gas price is $4.23 and Schumer has demanded nothing from Biden.
In 2018, Chuck Schumer stood in front of a gas station selling $3.89 gas and demanded Trump lower prices. Today, the national average gas price is $4.23 and Schumer has demanded nothing from Biden. pic.twitter.com/8L7CZrAO6L — Daniel Turner (@DanielTurnerPTF) March 24, 2022
Inflation Far Bigger Threat Than Investors Expect
by Peter Schiff of Peter Schiff Podcast Everything-is-awesome attitude won’t last long much longer. Stagflation is here. This round of QE won’t be like the last 4. The economy has never been as addicted to cheap money as it is now. Bond investors will begin to realize that bonds are mispriced. We’ve been making our inflation bed for … Read more
Profitable Cryptocurrencies To Invest In
There are numerous cryptocurrencies in the crypto market, including Bitcoin, Ethereum, Dogecoin, and Litecoin. If you want to start trading in cryptocurrencies, it can be very challenging to decide which one is the best and which one will be the most profitable, primarily because of the volatility in price. Because of the popularity of cryptocurrency … Read more
Why Can’t We All Just Get Along?
by Martin Armstrong COMMENT: Dear Martin, I am a frequent follower of your blog. I read your article tonight “ Putin puts Bidens King check mate” Being an economist myself with 30 years of experience I completely agree with your proposals of a two tier Ruble. I would fine tune it even further by backing the … Read more
Lyn Alden explains why energy prices will stay high even if demand falls…
@GavinNewsom doing his part the keep this raging fire hot https://t.co/y8PpHTrKpJ — chiapudding (@Serfdomchaser) March 24, 2022
OCC Quarterly Bank Derivatives Report: There is $177T notional value of derivatives in the US banks alone, with assets only $14T. Notional amounts for Holding companies is $234T, while assets at $19T. $140T are set in OTC swaps. OTC contracts account for ~96% of all derivative trades.
by laflammaster https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf
No-one ever tells you to sell…
It is always interesting when the #bullish media says:"Buy stocks because #rates are low (equity #risk premium high) which justifies overpaying for value."1) Rate spikes have fast which destroys that premise.2) No-one ever tells you to sell.h/t @thedailyshot pic.twitter.com/iHlHRYhlVv — Lance Roberts (@LanceRoberts) March 25, 2022 Surge In Bond Yields Says It's Time To Buy … Read more