Who’s to Blame for Rising Gas Prices?

by Martin Armstrong Back in 2007, Nancy Pelosi was quick to blame the Bush Administration for rising gas prices. In 2018, Pelosi tweeted, “The price of regular unleaded gas has climbed 20% over the last year (thanks to Republican policies), eating away at working families’ paychecks – but according to @GOPLeader, you’re #BetterOffNow.” The national … Read more

This is a hilarious self-own….

This is a hilarious self-own. On a Davos energy transition panel, the moderator asked World Economic Forum guests to raise their hands if they had an electric vehicle. JUST FOUR of them did. pic.twitter.com/NYFXbX8ToG — Andrew Lawton (@AndrewLawton) May 24, 2022

U.S. spring #wheat planting is advancing at the slowest pace in more than 20 years and was only 49% complete as of Sunday.

Just a reminder, this has to do with extremely wet spring weather in much of the Northern Plains. That area faced a bad drought last year, but too much rain in April and some rains/cool weather since then has kept farmers and their heavy equipment out of fields. — Karen Braun (@kannbwx) May 23, 2022 … Read more

Goldman Sachs to Joe Biden: Import Workers to Cut Wages by $100 Billion

President Joe Biden should cut roughly $100 billion from Americans’ wages in one year by importing 2.5 extra million foreign workers, says Wall Street’s leading investment firm, Goldman Sachs. After President Donald Trump’s migration cuts, “the substantial gap between the number of workers and the number of jobs …  has led to wage growth of 5 … Read more

FOMO rallies turn into brutal bull traps… Bears are consistent, open lower and continue to pound the index lower all day.

Current situation for tech stocks: 1. Rapidly rising rates pressuring companies 2. Chip shortage limiting production 3. Inflation reducing consumer spending 4. Pandemic demand is gone 5. Legal concerns arising today The worst part? Tech stocks are holding up this market. — The Kobeissi Letter (@KobeissiLetter) May 24, 2022 When that Nasdaq is down 300 … Read more

UK issues beer shortage warning

Britain could soon be hit by a bottled beer shortage as glassware production costs soar, according to leading Scottish wholesaler Dunns Food and Drinks. Suppliers are already starting to struggle with a glassware shortage after prices skyrocketed by 80% over the past year due to rising energy costs. “Our wine and spirits suppliers from around … Read more

I just watched a documentary about the 2008 crash and it makes me f*cking angry that nothing changed.

by CommunityLivid4519 Watch the small clip from 42:19-44;55 ( https://youtu.be/T2IaJwkqgPk) and it gives a great example of these companies shorting or counterfeiting stock and the extent and needs their ceos and managers are willing go taking mortgage loans that will not risk their funds and driving up housing prices. It honestly makes me wish the justice … Read more

The Guardian: “We have a powerful weapon to fight inflation: price controls. It’s time we use it”

Price controls. The most stupid idea. Worked "wonders" in Venezuela and Argentina. — Daniel Lacalle Official Account (@dlacalle_IA) December 30, 2021 Well, tbf Keith, price controls WOULD work to stifle inflation. Soon after enacting said controls the shelves would be empty…and just like that, (*snaps fingers) inflation would be gooooone… pic.twitter.com/M4IlFYTc5t — JⒶcques TowⒶkí 🏴 … Read more

FICC – MBS Alert! Ccertain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit calculation to Cash Settlement, revise thresholds in the Intraday Mark-to-Market Charge, establish a new Intraday VaR Charge

by Dismal-Jellyfish Source (pdf) Smoothbrain take; Housing loans are treated as securities/assets. There are rules about how that works. They’re moving risky shit(calls/puts, loans/intrest) from ‘you just need a deposit’ to yall better have fucking cash. They’re also revising the every day check of “yo shit good? you got enough cash?” (likely increasing required amount) and … Read more