Hypocritical: Senator Tommy Tuberville purchased nearly $350,000 in $BABA. He has previously publicly stated fierce opposition to Chinese investments.

by

He previously invested more than $3.5 million in Chinese stocks like $BABA in Jan 2021. He failed to disclose these, filed late, and suffered no penalty. He introduced the Prohibiting TSP Investment in China Act to permanently ban funding in Chinese companies. Hypocritical. https://t.co/XMmJ2o2Z0r — unusual_whales (@unusual_whales) January 13, 2022

Germany sees house prices and energy costs soar

by

by Shaun Richards Yesterday brought some relatively downbeat news for the German economy. It’s main industry body gave its view on developments. For Germany, the BDI expects GDP growth in the order of 3.5 percent this year – after 2.5 percent last year. German exports would increase this year by four percent compared to the previous … Read more

IRS Targeting Payment Apps

by

by Martin Armstrong No one earning under $400,000 will experience a rise in taxes, the Biden Administration repeatedly promised. Unfortunately, albeit unsurprisingly, this is not true as the IRS is now hunting for new taxes for nearly every transaction that takes place. Payment apps such as Venmo, Zelle, Cash App, and PayPal were easy ways … Read more

High Inflation Means Lower Equity Valuations – Shiller’s CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible.

by

High Inflation Means Lower Equity Valuations – Shiller's CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible. h/t @michaellebowitz @jam_croissant @spotgamma @AnnTrades @HarrisSamaras #trading #TRADINGTIPS #ES_F #SPX500 #OptionsTrading #Options pic.twitter.com/nqSyDzAf77 — Patrick Hill (@PatrickHill1677) January 13, 2022 https://twitter.com/leadlagreport/status/1481674419151978500

It’ll go up higher. Don’t worry.

by

It'll go up higher. Don't worry. https://t.co/hzaMUB1rQY — Trinh (@Trinhnomics) January 13, 2022 The System is broken now🔥#Collapse https://t.co/qhrJvUKowj — Antonio Pérez-Algás (@apanalis) January 12, 2022 Manhattan rents were the highest ever for December https://t.co/DG0iFyz6zC — Igor Shatz (@Copernicus2013) January 13, 2022

High Inflation is a wrecking ball to the economy.

by

High Inflation is a wrecking ball to the economy. 1 in 7 German Business face ruin due to high inflation and government shutdowns. pic.twitter.com/oBTgiMO9Ux — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 13, 2022 Core goods #inflation (blue) still outpacing core services inflation (orange) at a marked pace pic.twitter.com/IoEoougfHZ — Liz Ann Sonders (@LizAnnSonders) … Read more

Five additional states pass laws to make military retirement incomes tax-free

by

Five states have passed new laws that will allow those collecting military retirement checks to receive the additional benefit of collecting that money tax-free. The additions bring the total number of states that don’t subject military retirement income to their state income tax to 26, while nine others offer a partial exemption. Six states and … Read more

U.S. producer price inflation jumps 9.7% in December from a year ago, the highest y/y increase on record. U.S. DOLLAR plummeting hard. The Fed is still acting too slowly??

by

U.S.🇺🇸 DOLLAR 💵 pic.twitter.com/yNiCOpMcHi — Win Smart, CFA (@WinfieldSmart) January 13, 2022 US December headline PPI inflation came in at 9.7%, a new record and just below the median forecast. The core measure was 8.3%, compared to the prior 7.7% and an 8.0% median forecastWeekly jobless claims rose to 230,000, up from 207,000 and above … Read more

Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling...

by

Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling ⁦@BIS_org⁩ ⁦@TS_Lombard⁩ pic.twitter.com/JovdLCPik0 — Liz Ann Sonders (@LizAnnSonders) January 13, 2022 Negative real rates support positive returns for stocks. pic.twitter.com/9hyYHOaSOf — Daniel Lacalle (@dlacalle_IA) January 13, 2022 https://twitter.com/Damian59818983/status/1481607516337356802 "Investors still struggle with one crucial question: … Read more