Powell’s Benign View on Inflation Is Getting Pushback at the Fed, and Elsewhere

by

Fed Chairman Jerome Powell’s conviction that the inflation whipping through the economy this year soon will subside is not universally shared. No fewer than five Fed regional presidents have told CNBC it’s time to pull back on the easy-money policies, citing various levels of confidence in the economy tempered by worries over inflation. “All the … Read more

3x Long Nasdaq 100 ETF Returns…

by

3x Long Nasdaq 100 ETF Returns…2010: +89%2011: -8%2012: +52%2013: +140%2014: +57%2015: +17%2016: +11%2017: +118%2018: -20%2019: +134%2020: +110%2021 YTD: +60%Total Return since inception: +16,730%$TQQQ Data via @ycharts pic.twitter.com/t8bMn70hA7 — Charlie Bilello (@charliebilello) August 27, 2021 S&P closes at an all-time high for the 52nd time this year and 328th time since the start of 2013. It … Read more

US Marine relieved of duty after blasting ‘senior leaders’ for poorly planned Afghan exit in viral clip

by

1. Lt Col Scheller is substantively 100% right. 2. When I was in, and if he made this, I would’ve relieved him of command. No politics. 3. But the standard has changed. The leadership changed it. The rule is now uniformed military can do politics. So I would give him a medal. https://t.co/ruHzagEQf0 — Kurt … Read more

“Don’t Be A Sucker”

by

Los Angeles Fire Chief just hired a shark lawyer to fight LA County's 100% vaxx mandate for all employees. Let's put all Fortune 500 companies on a warning list, then follow with smaller businesses too. — Davida Rochelle (@DavidaRochelle) August 28, 2021

Commercial Real Estate Collapse Triggers 70% Property Value Drop Due To Bankruptcies & Foreclosures

by

The US economy is almost fully reopened at this point. However, several big retailers and shopping malls are either still struggling or shuttering stores and locations at alarming rates. Consumers are just now realizing how ravaging was the carnage. Over the past 12 months, the nationwide drop in retail sales for brick-and-mortar stores was simply … Read more

The British rescued an entire animal shelter of 200 cats and dogs from Afghanistan on the last day

by

Ex-marine Pen Farthing has escaped Kabul , Afghanistan with 200 cats and dogs He was unfortunately had to leave behind his Afghan staff behind in the country His wife Kaisa Markhus revealed he was delighted to say he was coming back   The wife of animal charity founder and former marine Pen Farthing last night spoke … Read more

Jackson Hole: Risk vs Reward Favors Contrarian

by

by David Brady via Sprott Money When the herd or markets price in the higher probability of one scenario, the risk of being disappointed by the opposite occurring will have a far more profound effect on prices. The risk-reward profile always favors the outcome that surprises the most people. All except the contrarians. For example, if the stock … Read more

Powell Says Taper Could Start in 2021, With No Rush on Rate Hike (Could, Not Would)

by

by confoundedinterest17 Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. That is COULD, not WOULD. At the Fed’s most recent policy meeting in late July, “I was of the view, as were most participants, that if the … Read more