So much for all this taper talk… The Fed just added the largest amount of assets to its balance sheet in over a year.

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No only that, but they also bought $162B of mortgage backed securities in the last 2 months. That was the largest amount in since March. pic.twitter.com/aQnURfZqqx — Otavio (Tavi) Costa (@TaviCosta) June 24, 2021 US banks seems to have passed easily the Fed stress test. What does that mean? That they can now go nuts … Read more

Nasdaq: Its probably nothing

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Nasdaq: Its probably nothing . pic.twitter.com/SqL8TSuPGL — The Great Martis (@great_martis) June 24, 2021 Maybe markets are just playing a whole new game. Maybe stuff like this doesn't work anymore since so many are now following it. But this is one of the few times in 20 years that the Nasdaq has scored a high … Read more

Welcome To The “Pre-Taper” Tantrum

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BY JOHN RUBINO Back in 2018, the Fed tried to moderate its post-Great Recession emergency policy of low interest rates and torrential money printing. It reduced (or tapered) its asset purchases and, in a series of tiny steps, boosted short-term interest rates by about one percentage point. And the financial markets, by then addicted to easy … Read more

The stock market is definitely not the economy….

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https://twitter.com/NorthmanTrader/status/1408048823809757191 "When the Fed engages in QE…they give a signal to the corporate managers that financial asset prices & financial liquidity is protected…this causes a greater & greater share of corporate resources to be channeled into the financial markets rather than into the real economy.." pic.twitter.com/eoogWlWfRO — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 22, … Read more

Years of Watching General Mark Milley Finally Make Sense – The Chairman of The Joint Chiefs is a Political Operative

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By Sundance via TheConservativeTreehouse A statement made by Joint Chiefs Chairman General Mark Milley defending the teaching Critical Race Theory to West Point cadets has gained some attention.  However, the comments Milley made today actually reconcile several years of CTH watching Milley operate and having puzzling questions. Remember, General Milley did some really odd things … Read more

A President’s net worth shouldn’t increase 10,000% over their time in office. We need to change something

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My source was this site: https://www.msn.com/en-us/money/news/u-s-presidents-net-worth-before-and-after-taking-office/ss-BB1f4WIJ#image=9 They said Trump lost money so didn’t think prudent to include him CNN: Donald Trump is a lot less rich today than when he was elected president In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 … Read more

THAT ’70S SHOW: Burrito Economics: Why Chipotle’s Wage Hikes Are Not Good News.

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via spectator: Even if the labor shortage is artificial, won’t the working class still benefit? The current workers certainly profit somewhat, but not for long if their rising wages are washed away by inflation. Price hikes are not restricted to burritos—prices across the economy are rising at the highest rates in over a decade. The Federal … Read more

DEAR JOURNALISTS: YOU’VE EARNED THIS. US ‘trust’ in news is world’s lowest, Trump loss killed ‘interest.’

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via washingtonexaminer: The trust people in the United States have in the media is the lowest in the free world and is likely driving more and more away from traditional news sources, according to a blockbuster study of international media consumption. Of 29 free nations surveyed in the Digital News Report 2021, U.S. “trust” in the media … Read more

OUT: DEFUND THE POLICE. IN: Biden: Hire more police officers to stop violent crime.

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via thecentersquare: (The Center Square) – President Joe Biden unveiled a major gun regulation and crime prevention plan Wednesday as cities around the country struggle with rising violent crime. Amid the wave of violence nationwide, Biden released a plan for more gun control measures and called on local governments to hire more police officers, a departure … Read more