New Rules From Treasury Department: Free Rent if You Attest You Need It

by

Seven New Rules Over 90% of the rent assistance money allocated to prevent evictions and halt evictions is still unused. Meanwhile evictions remain halted in many states while landlords go unpaid. Today the Treasury Department announced Seven New Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance. Self-attestation can be used in documenting each … Read more

Fed Reverse Repo Usage Climbs to Fresh Record $1.147 Trillion (All-time High!!)

by

by confoundedinterest17 (Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday rose to a new all-time high. Seventy-seven participants took $1.147 trillion, which exceeded Tuesday’s volume of $1.13 trillion, and the previous record of $1.136 trillion reached on Aug. 23. The facility pays an overnight rate of 0.05%, helping to temporarily reduce the quantity … Read more

No Stopping the Central Bank Freight Train

by

rom Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring … Read more

A very worrying trend in the UK…

by

This gap is not due to Covid deaths – though those are now also higher than last summer. Mortality is VERY seasonally predictable (see how close the 2015-19 average is to the 2020 figure). Something bad is going on. — Alex Berenson (@AlexBerenson) August 25, 2021

U.S. Bonds Sink as Yields Spike Higher (Treasury And Dollar Swap Curves Steepen As European 10Y Sovereign Yields Range Breach)

by

by confoundedinterest17 U.S. 10-year yields are spiking upwards in what was supposed to be a sleepy day before the Fed’s Jackson Hole conference. The 2s10s curve is the steepest in two weeks. Eurodollar yields too have risen sharply and are up 6-7 bps in the blue and gold packs. Over the last week, we have seen … Read more

Alexandria Ocasio-Cortez: Biden Must Resettle At Least 200K Afghans in U.S.

by

“I believe we need to move and the administration needs to move as quickly as possible and as expansively as possible ensuring that we are raising the amount of refugee visas to whatever amount is necessary,” the self-described democratic socialist congresswoman told The Independent. [Emphasis added] “I would say the rock bottom is 200,000, but … Read more

Breaking — Security threat at Kabul Airport… U.S. Embassy tells all Americans ‘to leave airport gates immediately’…

by

    U.S .Embassy in Afghanistan tells Americans at Kabul airport to leave immediately due to security threats — “U.S. citizens who are at the Abbey Gate, East Gate, or North Gate now should leave immediately.”   This story is developing. https://twitter.com/Breaking911/status/1430676876163440646 https://citizenfreepress.com/breaking/breaking-security-threat-at-kabul-airport/

Afghan President fled country with $169 Million in U.S. taxpayer cash… Republicans demand DOJ investigation…

by

“Reports indicate that Ghani in fact had so much looted money with him when he fled Afghanistan that not all of it would fit in his helicopter, and that he was forced to leave money lying on the tarmac,” House Republicans wrote in a letter to AG Garland. https://t.co/DASB4vizVB — Mediaite (@Mediaite) August 25, 2021 … Read more

And the insanity is exploding!

by

And the insanity is exploding! U.S. National Debt Expected To Approach $89 Trillion By 2029 — This would put the country’s debt-to-GDP ratio at 277%, surpassing Japan’s current 272% ratio. It isn’t rocket science to predict where Gold prices are headed.https://t.co/rwubz9REzn — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) August 25, 2021 https://twitter.com/arbitrage_andy/status/1430603887837433859