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AP reporter seems very unhappy A federal judge in Texas on Friday ruled an Obama-era program that prevents the deportation of thousands of them brought into the U.S. as children — is illegal. U.S. District Judge Andrew Hanen declared the Deferred Action for Childhood Arrivals program illegal, barring the government from approving any … Read more
https://youtu.be/-4fWyxxLnBk That’s 2.9% over 4 months (!!!)
Apple has removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Apple did not immediately offer a reason for removing Fakespot. Fakespot CEO Saoud Khalifah disputed Amazon’s claims and said he got no warning from Apple before the app … Read more
For the first time ever, Junk-Bond Rally Pulls Yields Below Inflation https://www.wsj.com/articles/junk-bon… Within only 2-3 months after corporate bond and credit markets froze up completely in February and March 2020, Wall St bond salespeople restarted selling (and increasing) massive amounts of junk bonds, leveraged loans and other toxic sausage OTC derivatives. Now too many hedge … Read more
https://www.youtube.com/watch?v=5eMb7qbztlU
Daniel Lacalle, Released on 7/16/21 “What the Fed is doing by purchasing mortgage-backed securities is eliminating the forces of the market in housing.” Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business … Read more
by visualcapitalist The year 2020 could be categorized as one where debt grew across the board. In the U.S., every generation except the Silent Generation saw their debts rise in the last year. But how much debt does each generational household owe? Generation 2019 2020 Growth (%) Generation Z (18-24) $9,593 $16,043 67.2% Millennials (25-40) $78,396 $87,448 11.5% … Read more
Welcome to San Francisco. https://t.co/WZzOWNC9Ey — Ian Miles Cheong (@ianmiles) July 16, 2021
If there’s one thing we’ve learned about the national media, it’s that they don’t see themselves as a part of our democracy. They see themselves as the dictators of it. The Washington Post’s Perry Bacon Jr. (yes, that’s a real name) wrote Wednesday that it’s necessary for leftist media to recalibrate in the post-Trump years. But not … Read more
NEW 🚨 About 60 dead, dozens missing, thousands out of power after devastating floods in Germany pic.twitter.com/Th0grxZ2Aj — Insider Paper (@TheInsiderPaper) July 15, 2021 Anwohner retten Feuerwehrmann 👏🤝👍🏼🤝👏 Residents save firefighter#Hochwasser #Starkregen #Feuerwehr #Helfer #Unwetter #Deutschland #ueberschwemmung #Flutwelle #flut #nrw #RheinlandPfalz #teamwork #retter #Germany #Flood #floodinggermany #firefighters Quelle: Facebook pic.twitter.com/xUnpBKyRNw — FlowerOfTheForest (@FlowerOfTheFor1) July 15, … Read more
pic.twitter.com/NhG4DUYoON — Rep. Alexandria Ocasio-Cortez (@RepAOC) July 16, 2021
Retail Sales YoY: Huge soar…huge decline👀Bubble is over🧐 pic.twitter.com/o8fnGv9p4Z — Antonio Pérez-Algás (@apanalis) July 16, 2021 UMich missing, inflation expectations soaring – this is a perfect toxic cocktail for the consumer — Alastair (@StockBoardAsset) July 16, 2021 Looking at this market, you wouldn't think that the Fed is injecting $6BN in liquidity every day — … Read more
by Adam Taggart, Wealthion Thirteen years after the start of the Global Financial Crisis, many of the same excesses that caused it can be seen today. In many cases by the same players. Wall Street is fat with corporate profits again. Governments are flooding the world with oceans of debt. Speculation is back with a vengeance … Read more
Seriously, who the fuck is the White House to be dictating who should and should not be banned from social media platforms, to keep lists of who they think are the spreaders of "misinformation," and then pressure companies they regulate to obey? This is pernicious shit: https://t.co/WlZlbCjlqT — Glenn Greenwald (@ggreenwald) July 16, 2021 https://twitter.com/Rothbard1776/status/1416105762615611394 … Read more
by David Morgan of The Morgan Report Could Money Be Worthless In Just Six Months | https://www.themorganreport.com Prior to the Great War, the gold standard reigned supreme. The jury is still out on whether the dollar’s long run as the world’s leading reserve currency will last much longer. However, as we’ve discussed many times, our bet is that the … Read more
by Shaun Richards This has been a bad week for central bankers as we have seen inflation soar above their predictions. The 5.4% for US CPI is not what the Federal Reserve explicitly targets but suggests a trend well above its thinking and that is before we get to the issue of the “transitory” or … Read more
We’re f^cked. http://www.kitco.com/news/2021-02-24/Jerome-Powell-says-money-printing-doesn-t-lead-to-inflation.html# Quote:In response to a questions posed by Congressman Warren Davidson about whether “M2 [money supply] going up by 25% in one year” is going to “diminish the value of the U.S. dollar,” Powell responded, “there was a time when monetary policy aggregates were important determinants of inflation and that has not been … Read more
