Robinhood insider selling – Vlad sold 1,250,000 ($45+ million) worth of $HOOD

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via WSB: The title pretty much says it. Robinhood CEO, Vladimir Tenev, sold 1250000 shares of Robinhood ($HOOD) at $36.40, which amounts to $45,500,000 USD. From the NASDAQ website Here’s a link to the official SEC Filing Form Amongst the group of insiders who sold shares, the Chief Marketing Officer stands out. Christina Smedley sold 100% of her shares! (99,884 shares … Read more

Glenn Greenwald: CNN wallowed in unethical journalism and is now stuck in this corner….

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The idea that it was fine for Chris Cuomo to "interview" and "report on" his brother-Governor when his brother was popular — but now cannot utter a word about his serious scandals — is obviously pitiful. CNN wallowed in unethical journalism and is now stuck in this corner. pic.twitter.com/FviBxn7OL0 — Glenn Greenwald (@ggreenwald) August 4, … Read more

RIP to the middle class…

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https://twitter.com/MarketInterest/status/1422952737877209091 US workers are getting large raises, but not enough to keep up with higher inflation https://t.co/TgQNblCsyU — LongConvexity (@LONGCONVEXITY) August 4, 2021 "Wall Street is buying up family homes. The rent checks are too juicy to ignore." For institutional investors starved of returns on government bonds the millennials born between 1981 and 1996 provide … Read more

Wall St is eating the world….

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Wall St is eating the world. Total US stock mkt capitalization has hit fresh ATH >$50tn. Wall Street's stock market value is now 43% of global mkt capitalization. A decade ago, the share was still 30%. pic.twitter.com/dKMllqkuFo — Holger Zschaepitz (@Schuldensuehner) August 4, 2021 #recession … #GFC2 US #Asset #Bubbles edition https://t.co/aK1hBN245O — Invariant Perspective … Read more

Bank of America files shelf to offer up to $123 billion in debt and equity securities over time

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Source: Marketwatch Bank of America Corp. BAC, -1.04% filed a shelf registration Monday with the Securities and Exchange Commission to allow it to issue up to $123 billion in debt securities, warrants, preferred stock and equity securities over time. Proceeds of any offerings will be used for working capital, to fund investments in or credit to … Read more

Valerie is getting thrashed by Democrats…

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My dear friend @BarackObama is turning 60 tomorrow. For his birthday gift, I'm asking you to chip in $6 or $60 to help us bring the Obama Presidential Center to life in Chicago. Donate at https://t.co/pak27yKqbz #HappyBdayObama pic.twitter.com/AvWnExCSNE — Valerie Jarrett (@ValerieJarrett) August 3, 2021 LOL. He is throwing a party with 700 people on … Read more

Google searches for “hyperinflation” have rolled over decisively… Private leverage to hinder bank loan growth… Market breaks very soon?

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Google searches for “hyperinflation” have rolled over decisively⁦@GoogleTrends⁩ pic.twitter.com/rk1ubFQpcV — Liz Ann Sonders (@LizAnnSonders) August 4, 2021 Liquidity Trap: Private Leverage To Hinder Bank Loan Growthhttps://t.co/3Y2Oxwy2bL — Eric Basmajian (@EPBResearch) August 4, 2021 No need to comment this one 🤌 pic.twitter.com/QOuJbrexNa — Menthor Q (@MenthorQpro) August 4, 2021 Global PMIs vs Treasury Yield – ⁦@SoberLook⁩ … Read more

Farewell to Yet Another Failed Monetary System

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By Egon von Greyerz The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money. Economic history tells us that we need to focus on two … Read more

Why are bond yields falling again?

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by Shaun Richards The year so far had brought more than a few surprises and some that should not have been. But bond markets have spent much of it singing along with Genesis. Can’t you see this is the land of confusion? We began the year with rising yields which followed the path of rising … Read more

Influence is More Powerful than Money

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by Martin Armstrong COMMENT: Within the world of the most powerful, are Gates, Schwab the most powerful? I have the impression that the Owners of Blackrock and Vanguard are the ones that pull the strings of the world. Where are the Rothschilds and Rockefellers in the world of power? Greetings and thanks for your impressive … Read more

Moving from Gold-Redeemable to Irredeemable Currency

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by: Keith Weiner When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s “liabilities”(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose connection to the value of its assets.” This statement seems … Read more

Banks Are Literally Begging Americans To Take Out Loans And Max Out Credit Cards — DO THE OPPOSITE. Pay off your debts, and start using CASH for everything.

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Last month when looking at the latest bank balance sheets, we showed that something was “terminally broken” in the US financial system: specifically, we showed that a “stunning divergence” had emerged between the total deposits at big banks which had just hit a record high courtesy of the Fed’s QE (as the fungible reserves injected by … Read more

“Made in China” Products Suffer Logistics Problems

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Chinese home appliance company Hisense has big plans to sell more goods overseas, but it said global shipping congestion has multiplied costs and caused delays. It’s not been easy, generally, for Chinese multinationals. Out of about 3,400 Chinese companies that operate internationally, only about 200 make more than $1 billion in sales overseas, said James … Read more