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https://t.co/AZGVuglslF — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) July 8, 2021 Media trying to cover for govt and brainwashing people into believing the they will get higher salaries due to inflation. In a decade, we might have a group of population who probably will root for inflation. h/t CoeurDeLion-Sag
House Speaker Nancy Pelosi is refusing to say whether she will run for re-election. During an interview on CNN, Pelosi was asked by host Jake Tapper whether she would run again for her congressional seat. “You’re leading the way. Are you going to run for reelection?” Tapper asked. “You think I’m going to make an … Read more
U.K. supermarkets are using cardboard cutouts of fruit, vegetables and other groceries to fill gaps on shelves because supply problems combined with a shift towards smaller product ranges mean many stores are now too big. Tesco has begun using pictures of asparagus, carrots, oranges and grapes in its fresh produce aisles, prompting ridicule on social … Read more
Chinese state media blasted the administration of President Joe Biden amid tensions related to Taiwan, saying the current U. S. government is the “most incapable and degenerate in the country’s history.” China claims Taiwan as part of its nation under the “one country, two systems” policy. But Taiwan has maintained its independence and autonomy for … Read more
U.S. Treasury Secretary Yellen proposes a tax on unrealized capital gains to finance Biden’s “Build Back Better” plans https://twitter.com/disclosetv/status/1452422986015944711 An “unrealized gain” is when something you own gains value, but you don’t sell it, like your house or your retirement fund. So when there’s inflation and it goes up in value, you’ll probably have to … Read more
Philly cops and prosecutors ran an abusive civil forfeiture machine for years. Now, a new Institute for Justice study reveals more about the victims of policing for profit. One survey respondent even had his crutches seized: https://www.forbes.com/sites/instituteforjustice/2021/10/25/new-proof-that-police-use-civil-forfeiture-to-take-from-those-who-cant-fight-back/ h/t awimer_ij
by Ron Paul President Biden’s “townhall” meeting this past week was a disaster. From his bizarre poses to the incoherent answers, it seemed to confirm America’s worst fears about a president we are told was elected by the most voters ever. Though he didn’t bother campaigning, we are to believe he somehow motivated the most voters … Read more
by: Stefan Gleason For the first time in most Americans’ lifetimes, they are having to navigate chronic shortages. From bare shelves at discount stores to contract labor being unavailable, the supply of goods and services is seemingly unable to keep up with demand. Examples continue to mount: A shortage of bicycles and component parts is … Read more
President Biden’s $2 trillion spending package continues to stall as senior Democrats are hoping to finalize a proposal on a new annual tax on billionaires’ unrealized capital gains, Democratic leadership has indicated. “We probably will have a wealth tax,” House Speaker Nancy Pelosi (D-Calif.) confirmed Sunday on CNN. The proposal, which is being reviewed by Senate Finance … Read more
https://www.youtube.com/watch?v=nbVpcYlvezw Madeline Leesman from Townhall reports, On Thursday morning, Senate Minority Leader Mitch McConnell (R-KY) joined Dana Perino for an interview on Fox News’ “America’s Newsroom,” to discuss the Democrat’s “reckless tax and spending” reconciliation package, the Biden administration’s proposal to have the IRS monitor bank accounts, and the Democrats’ efforts to federalize elections. Read … Read more
https://www.youtube.com/watch?v=soCl9aa7MS4 On this weeks episode, higher prices and empty shelves. Trinity Chavez expounds on the global supply chain hysteria creating chaos ahead of the holiday season. For this story and more stream it now!
Imagine parking 100k in a savings account in 2021 and coming out with 70$ by year end. Even though americans are saving more, it isn’t beating out inflation. People are saving more, spending more, and making less…. ” In the 1990s, households generally did well by using savings accounts. Inflation rarely ran above 2% year-over-year, … Read more
by gorays21 This week will be crazy because some of reddit’s favorite companies will have earnings and they include: AMD Amazon Apple Microsoft Facebook Alphabet(google) Robinhood Enphase energy Teladoc Shopify Other companies with earnings include: Boeing, GM, Coco cola, Visa, Texas Instruments, etc. Either way, this week is gonna be interesting cause lot of companies … Read more
by Ken385 If you are trading DWAC options today, be aware that the current Hard to borrow rate of short stock is around 100%. This will cause certain spreads, such as boxes, to trade higher then the normally would. Deep in the money calls will have a higher risk of early exercise, so be aware … Read more
“The ports shutting down is worse than Lehman Brothers failing. Both can lead to catastrophic failures of all counterparties depending on them. But with Lehman, the government could just print tons of money to flood the banks with liquidity,” Ryan Petersen, chief executive officer of logistics company Flexport, warned Friday after touring logjammed U.S. West Coast … Read more
by Jim Quinn Picture taken yesterday on the Wildwood boardwalk. When this store opened a decade or so ago, everything was $1 or lower. Now only a bottle of water is $1. I’m sure these price increases are only transitory, because Jerome Powell assures me we don’t have any long-standing inflation.
How many if us have stopped shopping local It’s so easy to click on Amazon… h/t ScreenExtensions
by Shaun Richards When I began this blog there were several themes I wanted to establish. It is no great surprise that the banks pop up in so many in the “The Precious! The Precious!” world that we live. But I am not sure that anyone can have forecast the way that the Italian banks … Read more
