Russia returning to GOLD standard

đź’ĄBQQQQQQQM đź’Ą – La Russie revient Ă  l'Ă©talon-or – Le gouvernement va supprimer la TVA (taxe) sur les lingots. Ce projet de loi sera soumis Ă  la Douma d'État le 4 mars. pic.twitter.com/jHWyThLGnP — France RĂ©sistance (@FranceRsistanc1) March 3, 2022 Translation: View post on imgur.com   h/t jlee2027

Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast.

Wow. The FRA-OIS spread has only moved this much over 5 days *twice* since 2008. Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast. pic.twitter.com/7xjotjPeGN — Michael Goodwell (@MichaelGoodwell) March 4, 2022 so in 2018 the fed hiked into weakening caused by a trade war…today … Read more

David Rosenberg: A recession is coming…

So we have a war. A supply-induced oil price surge. A tighter Fed. Full employment. A flat yield curve. And an asset bubble. Sounds a lot like 1990! What came next? A recession. #RosenbergResearch #Ukraine — David Rosenberg (@EconguyRosie) March 3, 2022 Not every recession is led by a 50% rise in crude. But every … Read more

678k Jobs Added, 0% Growth In Earnings (MoM), Inflation Is 7.5% (REAL Wage Growth Negative -2.4%)

by confoundedinterest17 Today’s jobs report is a mixed-bag. According to the February Bureau of Labor Statistics (BLS) report … The good: 678k jobs were added. The bad: Month-over-month wage earning experienced 0% growth (although YoY growth declined to 5.1%). The ugly: inflation is still at 40 years highs of 7.5%. Meaning that REAL wage growth is -2.4%. Here is … Read more

Canada trying to cancel Russia out of existence…

https://twitter.com/LukeMiguez/status/1499541248658575361 A charter aircraft that carried Russian foreign nationals has been held at the Yellowknife airport. We will continue to hold Russia accountable for its invasion of Ukraine. — Omar Alghabra (@OmarAlghabra) March 3, 2022 🇷🇺Russian cats are banned from participating in exhibitions of the International Cat Federation until 31 May. pic.twitter.com/poMVTc4rHx — Sprinter Press … Read more

America’s Trade Deficit: An Enormous Concern

by Antonius Aquinas Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.* Like the gigantic federal budget deficit, the trade imbalance is no longer talked about by the financial … Read more