Was the Fed a case of Much Ado About Nothing?

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by Shaun Richards We have become used to central banking being a bit dull, certainly compared to March last year. They essentially opened the monetary taps and have spent the intervening period not doing much. We have had some fiddling at the edges and a lot of open mouth operations, but last night the stakes … Read more

How long will you tolerate this?

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BECAUSE, OF COURSE THEY DO:  Today’s blacklisted American: Wells Fargo blacklists Republican candidates for Congress. They’re coming for you next: In the past week Wells Fargo has unilaterally shut down the bank accounts of two past Republican candidates for Congress, in one case stranding the individual on a trip with no cash. In both cases the action … Read more

Putin Asks If US Assassinated Ashli Babbitt: “450 individuals were arrested after entering Congress. They didn’t go there to steal a laptop. They came with political demands. 450 people have been detained. They’re facing jail time, from 15 to 20 years. Isn’t that persecution for political opinions?”

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Days ahead of his summit with President Biden in Geneva, Russian President Vladimir Putin said the United States was being hypocritical in its criticism of the way his country handles internal dissent. During an interview with NBC News, Putin said Russia was no worse than the United States in this regard, and used the government’s … Read more

State lawmaker wants National Guard in Milwaukee to help curb violence, freeway shut down 3 times in 3 days because of shots fired

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MILWAUKEE — A state lawmaker is calling on Governor Tony Evers to activate the Wisconsin National Guard following a spate of violence in Milwaukee. This as a local freeway was shut down for a third time in as many days because of a report of shots fired. I-94 eastbound in Milwaukee was backed up for … Read more

Did they just imploded the cyclical bubble? The yield curve collapsing …. The Fed threatens to do a single rate raise 15 months from now and the market thinks the Fed did an emergency 50 bps rise yesterday.

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The Fed just imploded the cyclical bubble. Peak asset values means peak credit expansion. Peak reflation. pic.twitter.com/gMSsbidB8o — Mac10 (@SuburbanDrone) June 17, 2021 Good lord, the yield curve keeps going. pic.twitter.com/pirLzmWjQY — Brian Chappatta (@BChappatta) June 17, 2021 The Fed threatens to do a single rate raise 15 months from now and the market thinks … Read more

Fed Reverse Repo explodes to record $755.8BN, up $235BN in one day. Today’s repo size is like 3.5% of GDP.

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US FED ACCEPTS $755.8 BLN IN DAILY REVERSE REPO OPERATION, AWARDS AT 0.05 PCT TO 68 BIDDERS – NY FED — *Walter Bloomberg (@DeItaone) June 17, 2021 Today's repo size is like 3.5% of GDP. — SolidusMax (@SolidusMax) June 17, 2021 https://twitter.com/farrisbaba/status/1405580354338054147 Fed's Reverse Repo Soars To Stunning $756 Billion, Spikes By $230 Billion Overnight … Read more

Joe Biden Constantly Insulted 2 Countries during G7 and they Must be LIVID

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https://www.youtube.com/watch?v=bB7NbSN0Tfs Mike LaChance from American Lookout reports, Biden attended the G7 Summit this weekend and had a few questionable moments. At one point while speaking he had a hard time distinguishing between Libya and Syria. In fact, he confused them repeatedly. Read More/Source/Credit/FairUse: https://americanlookout.com/joe-biden…

The Federal Reserve Is Making This One Drastic Error Says Todd “Bubba” Horwitz

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Stansberry Research, Released on 6/16/21 Speaking ahead of Wednesday’s Federal Reserve meeting, Todd “Bubba” Horwitz, founder of BubbaTrading.com says the “three blind mice” are leading the central bank. “They are working with models that are 100 years old and no longer work in this current environment,” he told our Daniela Cambone. Todd Horwitz — known … Read more

Peter Schiff: Markets are totally irrational. Everything is mispriced. Bonds, meme stocks, crypto currencies, etc. all reflect fantasy, not reality…

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Markets are totally irrational. Everything is mispriced. Bonds, meme stocks, crypto currencies, etc. all reflect fantasy, not reality. Prior to the 2008 financial crisis it was mortgages & financials that were mispriced. When so many assets get repriced all hell will break loose. — Peter Schiff (@PeterSchiff) June 16, 2021 TESLA, Other Bubble Stocks Have … Read more

Mannarino: 100% Proof The Economy Is Collapsing And The Fed Is Buying It All

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TradersChoice.net, Released on 6/16/21 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more

WHY ARE PEOPLE SO ANTI-SCIENCE?

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Warnings about processed meat fail the test of science. A new re-analysis of the science concerning links between processed meat and chronic disease indicates that studies showing a relationship between the two are very low quality and suffer from, as the authors put it, “serious risk of bias and imprecision.” This conclusion is unsurprising, as … Read more

Federal Reserve Slowly Admits Inflation Problem… GM Expects Inflation and Chip Shortage to Add $3 Billion in Extra Costs in Second Half of 2021

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The Federal Reserve Is Slowly Starting To Admit It Has An Inflation Problem The best that can be said of today’s Federal Reserve meeting is that the Fed is no longer in total inflation denial. However, it certainly cannot be said that the Fed has taken policy action to address its present twin challenge of … Read more

CHICAGO’S MAYOR MORPHED INTO JACK TORRANCE SO SLOWLY, I HARDLY EVEN NOTICED:

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Newly released email reveals Chicago mayor Lori Lightfoot dressing down staffer. Just got this email via FOIA — more insight about City Hall staffing/turnover/culture under Mayor Lori Lightfoot. Read our May story also https://t.co/pCGx8WsSOy https://t.co/4k0vKVuykv pic.twitter.com/kBMBMhFBse — Gregory Royal Pratt (@royalpratt) June 12, 2021   h/t Ed Driscoll