Why Stimulus Does Not Stimulate

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via Robert Blumen: Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the difference, and the central bank prints … Read more

Let’s keep ignoring the housing crisis while a condo developer buys 4000 single family homes to rent by 2026.

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A Toronto condo developer is buying hundreds of detached houses in Ontario, with the plan of renting them and profiting on the housing crisis ripping across the country. Core Development Group Ltd. is building a large-scale single-family home rental operation, an unproven business model in Canada, where the market is fragmented and individual investors lease … Read more

Blow baby blow!! Biblical bubbles don’t keep inflating themselves Jay!!

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Blow baby blow!! Biblical bubbles don’t keep inflating themselves Jay!! Junk-rated borrowers of all stripes sold a record amount of notes in May, and even first-time issuers have met highly receptive buyers. This has pushed junk bond yields to a record low 3.74%. @business pic.twitter.com/kYHx1Gt1ir — Danielle DiMartino Booth (@DiMartinoBooth) June 14, 2021 MicroStrategy said … Read more

If you can’t get sustained inflation even with $10 trillion in intervention then the organic economy is in a truly sorry state.

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https://twitter.com/NorthmanTrader/status/1404486221221478401 https://twitter.com/NorthmanTrader/status/1404476734431453189 https://twitter.com/MFHoz/status/1404491291417796612 59 COUNTERPARTIES TAKE $583.9B AT FED'S FIXED-RATE REVERSE REPO — zerohedge (@zerohedge) June 14, 2021 pic.twitter.com/N4WnDTbYIX — conspiracybot (@conspiracyb0t) June 14, 2021 FOMC Preview: "It's Like The Titanic Running At Full Speed. In Fog. At Night" https://t.co/DW360de33k — zerohedge (@zerohedge) June 15, 2021

Biden/Putin Showdown: Fireworks…Or Duds?

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by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Joe Biden will meet his Russian counterpart for the first time as president. Will this meeting herald a new stability in US/Russia relations, or will it devolve into US lectures and Russian counter-lectures? Can Joe hold his own with Putin? Also today: Andy Slavin is a very bad and … Read more

House Republicans Focus on Big Tech’s Relationship With China… U.S. and EU Begin Preparing for “High-Tech” Divorce From China

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House Republicans zero in on Big Tech’s relationships with China Cathy McMorris Rodgers, R-Wash., the top Republican on the powerful House Energy and Commerce Committee, told GOP members of the panel in a memo Wednesday about a new third pillar of their “Big Tech Accountability Platform” focused on China. The expansion of the platform signals … Read more

Twitter loses legal shield in India!

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Twitter became the first American platform to lose its legal shield in India for 3rd party content. Twitter failed to appoint statutory officers under the new IT rules by May 25 and ignored the “one last notice” issued on June 5. The Times of India reported: NEW DELHI: Twitter has lost the coveted “safe harbour” immunity … Read more

AG Merrick Garland Announces DAG Lisa Monaco Will Lead DOJ Effort to Frame Political Opposition as Domestic Terrorists, Equates January 6th DC Protest to 1995 Oklahoma City Bombing

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by Sundance  The coordination of narrative engineering across all agencies of the U.S. government is quite remarkable. Today Attorney General Merrick Garland announced that Deputy AG Lisa Monaco (Obama crew) will lead a “whole of government” effort to label any political opposition to the Biden regime as “domestic terrorists”. To facilitate that objective, Garland announced that … Read more

China Cracks Down on Shadow Banks

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(Bloomberg) — China’s crackdown on shadow banking is taking aim at more than $1 trillion of opaque investments sold by banks as low risk and high yield, even while funds were channeled to riskier borrowers such as developers. Banks and wealth mangers can no longer use money invested in so-called cash management products to buy … Read more

President Trump Will Visit the US Border with Texas Governor Greg Abbott on June 30th!

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“President Trump accepted an invitation from Texas Governor Greg Abbott to visit the US southern border in Texas later this month. Newsmax host Greg Kelly broke the news tonight on his popular show, Greg Kelly Reports. Governor Abbott joined Kelly on Tuesday to discuss the visit to the border with President Trump. The two will visit … Read more

AMC: Short Sellers lost $512 million on Monday!

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Short-sellers betting against retail favorite AMC lost $512 million on Monday, according to Reuters citing data from Ortex. The loss is massive, but it doesn’t come close to the $2.8 billion that short-sellers suffered at one point during an earlier rally for the theater operator. Data from MarketBeat shows that 22.72% of AMC shares are … Read more

Alert! Inflation & Shortages at Critical Levels

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As your information scout, Dr. Chris Martenson will explain what inflation really is (so you can be smarter at parties) and explain where it really comes from. Importantly, the Federal Reserve’s claim that inflation will be “transitory” is almost certainly wrong. Inflation is rising — caused by printing too much money — and will both … Read more

Republican Lawmaker Shot Dead

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Ashley Henley, 40, was shot in the head during the weekend in a rural area She was found outside the burned home where her sister-in-law Kristina Jones’s body was found in a burnt out trailer in December Ashley Henley and her husband Brandon have been campaigning for police to treat Jones’s death as homicide Brandon … Read more