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by Chris Black The AP reports the 27-year-old NJ man is an officer with Customs and Border Protection. He was arrested by police for illegally possessing a firearm on the grounds of the Capitol after people in the crowd reported seeing him with a handgun and notified nearby law enforcement officers. The US attorney’s office … Read more
by Chris Black The failed Justice for J6 rally gives me some flashbacks to rallies we had after Charlottesville in hopes of keeping the momentum up. You see a lot of the same symptoms in the alt-conservative/Post-MAGA movement: tons of infighting, lack of trust or solidarity, accusing everyone of being feds (not that there weren’t … Read more
Legendary investor Jim Rogers has seen more market ups & downs than most people alive today — making a LOT of money in the process. But given today’s macro environment, he’s more concerned about the market’s future prospects than he’s ever been before. In fact, he now confidently predicts we will experience a massive economic and financial … Read more
https://t.co/vOxZwV2Tac — Endless Capit🅰️l (@endless_frank) September 20, 2021 Here’s the drill: – China Construction reset – Aussie miners puking – $AUSJPY in downtrend – energy crisis well underway with risk of mass consumer defaults– wage inflation cycle starting in US – US Treasury pleading with it’s own majority to prevent a default — KKGB (@INArteCarloDoss) … Read more
by mekonsodre14 Assumptions… 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) Evergrande’s international payment obligations are due on Thursday 1/3 of current China GDP is created by construction and property related activity (builders, materials/commodities, industrials/machines, services, etc) China property market (sales) has been lagging for some months … Read more
But it won’t affect the private gated communities of the wealthy: https://archive.ph/p7khk
by confoundedinterest17 Kind of a drag … when Federal government stimulus fades just as The Fed tries to decide on slowing its balance sheet expansion. (Bloomberg) — In the coming Year of the Taper, it’s the fiscal version that will really bite. The chatter in U.S. financial markets is all about the Federal Reserve’s yet-to-be-announced reduction of its bond purchases. … Read more
Found this 2018 article, interesting/fun fact: The Stock Market Works by Day, but It Loves the Night If you had bought SPY at the last second of trading on each business day since 1993, and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain … Read more
The US is facing one of the most painful housing crises in history as home prices soar to unprecedented levels and rents have been aggressively rising, putting millions of Americans on the edge of eviction. The massive wave of pain descending upon this nation right now is just hard to comprehend. Mass evictions have begun … Read more
https://t.co/x2fDmjsdSb — Marek Jażdżewski (@HaliadeXI15MW) September 19, 2021 h/t VinoSom
Former Treasury Secretary Steven Mnuchin has just sent the clearest signal yet that he likely wouldn’t rejoin a potential second Trump Administration (despite being one of the more successful cabinet members) via reports that the ex-Goldmanite will raise $2.5 billion for a new private equity fund. Mnuchin isn’t the only industry giant who is launching … Read more
Millions of people have lost their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. Consumer sentiment is down heavily. Real estate continues to increase in price right now as … Read more
CNN’s John Berman said in regards to San Francisco’s Democrat mayor London Breed’s mask hypocrisy that it’s “rules for thee and not for me,” during a segment on CNN’s “New Day” with John Berman and Brianna Keilar on 9/20/2021. Be sure to like, subscribe, and comment below to share your thoughts on the video.
This isn’t even a Opinion Piece. The School System educated the masses. And now the Elites who run the Schools are upset over Critical Thinking from doing your own Research! The problem is that most people simply don’t know how to do their own research, especially when it comes to understanding the complexities of … Read more
The Business Secretary has said the energy price cap will remain in place over the winter. Kwasi Kwarteng was speaking in the Commons after he chaired crisis talks with industry figures over fears many could go under due to soaring wholesale gas prices. He told MPs the measure “protects millions of consumers”, reiterating “the need … Read more
https://twitter.com/zerohedge/status/1439706133069959170?s=19 h/t peruvian_bull
Evergrande is a company that has been using a barter system and has been unable to generate cash since 2012. In short, the company has been experiencing cash shortages for years and appears to be making a profit through accounting tricks. h/t Tunc Karadeniz
by David Morgan of The Morgan Report Are We Responsible? The federal debt ceiling is back in the spotlight as the Senate forges ahead with massive spending and infrastructure bills. While the legal cap on how much the U.S. can borrow doesn’t impact what consumers can spend, if Congress can’t reach a deal on a new debt limit … Read more
