The 2022 Winter Olympics in Beijing

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by Martin Armstrong Hosting the Olympics is not cheap, but it’s a privilege most countries vie after for prestige. The 2022 Winter Olympics is estimated to cost China around $4 billion, but the publicity is worth more. China recently spent $9 billion to build a high-speed rail that will link the mountainous ski resorts to … Read more

The Fed Has Trapped Itself, Few Understand This…

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the fed has trapped itself, few understand this….🙂 https://t.co/mXg955hajZ — bill fleckenstein (@fleckcap) February 3, 2022 The Fed's balance sheet hit another record this week at $8.87 trillion, more than doubling over the last 2 years. Quantitative easing is set to end in early March, as per the Fed. — unusual_whales (@unusual_whales) February 4, 2022 … Read more

$AMZN on 60X PE misses Sales, forward Sales, & suffers blow out in operating costs of 15% => but books $12bn profit on RIVN (just fell 50% since IPO) to boost NPAT & “beat” expectations

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60X PE for $AMZN – Where will be in 3mths Q1-22? i) Sales 4% downgrade today – so ecommerce likely delivering even larger losses (-$2bn Q4-21!)ii) RIVN mark to market -$4bn in losses – stock down -50% since 👀 — Douglas Orr, CFA (@EquitOrr) February 4, 2022 Well well well. Free cash flow at $AMZN … Read more

Despite some recovery in the markets at the end of last week, the Nasdaq had its worst-performing January since 2008… This crash has just started

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https://twitter.com/leadlagreport/status/1489586540581990402 Average YTD member drawdown has hit -21% for NASDAQ and Russell 2000 pic.twitter.com/r1bBiwT0MA — Liz Ann Sonders (@LizAnnSonders) February 4, 2022 FAANG Roulette Continues With Huge Swings in the Price of Amazon The casino is clearly open folks and it reminds me of late 1999 and early 2000. I expect very similar end results. … Read more

DHS doesn’t know court locations for 40k illegals

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Sen. Ron Johnson (R-Wisc.) is demanding answers from the Department of Homeland Security (DHS) after the agency admitted it is unsure of the court locations for more than 40,000 illegal immigrants who have recieved notices to appear. “DHS is apparently unaware of the court locations for roughly 80% of aliens that received a notice to … Read more

Lawmakers Investigate Biden Admin Over Database Containing One Billion Gun Sale Records

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A coalition of Republican lawmakers is investigating the Biden administration over its stockpiling of nearly one billion records detailing Americans’ firearm purchases, according to a copy of the investigation that accuses the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) of planning to “sweep up records of every gun sale in America.” The probe, spearheaded … Read more

Woke Capitalism – The Masses Smell the BS

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Only a few years after “woke capitalism” was touted as the wave of the future, its supporters are getting a wakeup call of their own. Just ask BlackRock CEO Larry Fink. The tone of his 2022 letter to CEOs is very different from his previous two, both of which pushed Environmental, Social and Governance (ESG) … Read more

Gasoline Prices Highest in 8 years

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Big, big trouble for the White House. U.S. average retail gasoline price has hit its highest since Sep 2014 at $3.343 per gallon, according to motoring club AAA. Every state (including the likes of Mississippi and Alabama) is above $3. California is approaching $4.7 | #OOTT — Javier Blas (@JavierBlas) February 4, 2022 Wait until … Read more