Troubling Divergence in HY Bond A-D Line

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by Tom McClellan The SP500 keeps on making higher highs, as the effects of QE4 are still being felt in the banking system, and in the stock market.  But there is a troubling divergence among some of the most liquidity sensitive investment vehicles, the high yield corporate bonds. Their A-D Line was leading the way higher … Read more

Indiana school administrator: You’d better believe we teach CRT — and lie to parents about it

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As an admin for the largest school district in Indiana, here's what we mean when we tell you that we aren't "teaching" Critical Race Theory: pic.twitter.com/f6RLghcw2R — Tony Kinnett (@TheTonus) November 4, 2021 Yes, we told principals at the beginning of the year to lie to parents and tell them we weren't using CRT in … Read more

History Suggests That Stocks Won’t Like Inflation

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By Lance Roberts Several articles published lately suggest that stocks perform well in higher inflation environments. That may be the case when inflation rises due to more robust rates of sustainable economic growth. However, history suggests sharply rising inflation not only negatively impacts economic growth but triggers adverse market environments. Let’s start with the “bullish … Read more

Almost ONE THIRD of Americans are not employed for the 14th straight month… Food prices are getting closer to a record high

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(CNSNews.com) – The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this “not in the labor force” number has remained above 100,000,000. Persons who are neither … Read more

FEC allows foreign money in U.S. referendum campaigns

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The Federal Election Commission has ruled foreign donors can finance U.S. referendum campaigns, opening the door to foreign spending on fights over high-profile policy issues, Axios has learned. Why it matters: Foreign nationals are barred from donating to U.S. political candidates or committees. But the FEC’s decision — allowing them to support ballot committees — provides another avenue … Read more

China Has World’s Largest Navy With 355 Ships and Counting, Says Pentagon — USNI News

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China has the biggest maritime force on the globe with an inventory of about 355 vessels, according to a Defense Department report released Wednesday. With 355 ships in its fleet, the People’s Liberation Army Navy (PLAN) is slated to expand its inventory to 420 ships within the next four years, the Pentagon’s annual China military … Read more

REVEALED: Drone plot against electrical grid…

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A new warning has been issued regarding a potential attack on the electrical grid in the northeast United States. A newly-released intelligence bulletin, obtained by ABC News, reveals a plot involving the use of a drone to disrupt an electrical grid in Pennsylvania in July 2020. The drone, which crashed atop a building near a Pennsylvania … Read more

Storm Season Latest Supply Chain Nightmare… Fed Sees Timing of Supply Chain Crisis Fix ‘Highly Uncertain’

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Storm season is coming to the shores of Southern California, and that could make global supply-chain bottlenecks even worse. Close to 160 vessels are waiting to enter the Long Beach and Los Angeles port complex — some mega-sized container ships carrying as much as half a million tons of everything from consumer goods to factory inputs. … Read more

Towns Offering $200 An Hour To Plow Snow…

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There is a shortage of snow plow drivers in towns across Massachusetts, and some are now offering to pay big bucks this winter. Last year, a shortage of plow drivers meant some major roads were not completely cleared. In order to get ahead of the problem, several communities are offering big pay incentives for those … Read more

House to try to pass reconciliation bill today

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How many attempts will this be? The fifth, perhaps? The Washington Post reports this morning that House Democrats are “on track” to hold a rules vote today that could possibly get a reconciliation bill “deemed” into existence, but … we’ve heard that before too: House Democrats on Thursday raced to unite their caucus and hold … Read more