DHS Chief of Staff Resigns Without Warning

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Karen Olick, chief of staff to Department of Homeland Security Secretary Alejandro Mayorkas, announced on Monday that she will be leaving for a new, undisclosed opportunity. Jennifer Higgins, the current associate director of Refugee, Asylum and International Operations at U.S. Citizenship and Immigration Services, will step in as a temporary chief of staff until a … Read more

Stoking Fears of Contagion: Another property developer in China bites the dust…

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  SOHO: Another property developer in China takes a large sh*t – The house of cards is starting to feel a slight breeze. Cracks in China’s Growth Put Risk-Market Rally on Shaky Ground Fissures in the Chinese recovery are replacing taper-tantrum jitters as the lurking threat to the emerging-market rally. Factory and consumer data due … Read more

Global goods exports volumes are recovering to normal trend…Now check the difference between volume and value and tell us that inflation is transitory.

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Global goods exports volumes are recovering to normal trend… Now check the difference between volume and value and tell us that inflation is transitory. pic.twitter.com/qR3f3TU0LM — Daniel Lacalle (@dlacalle_IA) September 13, 2021 American Households Continue To Expect Rising Inflation: NY Fed Survey A new survey from the New York Fed noted that the median expectation … Read more

Energy crunch in Europe: Households now pay double the price for electricity in Spain. Power prices hit this week records in the UK, Germany, and France, too

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The risk of an energy crunch in Europe this winter continues to rise. Stocks and supplies remain low ahead of the winter heating season starting in about a month from now. #gas #coal #power #emissions pic.twitter.com/dhlVjmcCJ4 — Ole S Hansen (@Ole_S_Hansen) September 13, 2021 Winter is coming#Protests Break Out in Europe As #Electricity Prices Soar … Read more

Tavi Costa: Deglobalization Will Steepen Inflation

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Tavi discusses the key causes of inflation and how it drives inequality. We’re seeing increasing use of food stamps and helicopter money which are directed toward the bottom fifty percent of the public. A lot of inflation is showing up in housing which has a large impact as a whole.

You can’t say you weren’t warned…

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$VIX $SPX – You can't say you weren't warned… pic.twitter.com/IKrUjb3MhR — Sahara (@SaharasCharts) September 12, 2021 tail index is tremendously higher than VIX liquidity is thin pic.twitter.com/EvQXhaJBpM — Alessio (@AlessioTMAD) September 13, 2021 According to Deutsche Bank, 85% of the US High Yield market has a yield below the current rate of inflation. pic.twitter.com/mxD4izEnFS — … Read more

Twenty Years On, We’ve Learned Nothing From 9/11

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by Ron Paul Nothing upset the Washington Beltway elites more than when in a 2007 presidential debate I pointed out the truth about the 9/11 attacks: they attacked us because we’ve been in the Middle East, sanctioning and bombing the civilian population, for decades. The 9/11 attackers were not motivated to commit suicide terrorism on the … Read more

Palm Beach Developer Tries To Flip Island Mansion For $120 Million, 41% More Than It Sold For In July

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by confoundedinterest17 From ZeroHedge: The South Florida housing market is sizzling with hot money from the North East, pushing up homes values sky high over the last year. One example of the mania is in Palm Beach, where a private island was bought in July and was relisted months later for a whopping 41% premium, according to WSJ.  One … Read more

Here’s Why We Desperately Need a One-Handed Economist

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From Birch Gold Group Speaking at a meeting of central bankers at Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell said a lot of words without exactly saying anything. The Fed “doublespeak” was picked up by the American Institute for Economic Research (AIER): What they got is what Harry Truman complained about when hearing from his economic advisors: “On the one … Read more

‘It’s segregation!’: Bill Maher slams NFL for playing ‘black national anthem’…. “The Left Is Embarrassing Him”

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Bill Maher took aim at the NFL for playing Lift Every Voice and Sing — otherwise known as the black national anthem — at Thursday’s game between the Dallas Cowboys and Tampa Bay Buccaneers. The Real Time with Bill Maher host warned that having two different national anthems, based on race, was a slippery slope … Read more

American regulators to Wells Fargo: This is unacceptable

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Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay $250 million because it couldn’t … Read more