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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
by confoundedinterest17 According to Freddie Mac, their 30-year mortgage survey rate rose to 3.02%, the highest since mid-March. Even though the benchmark 10-year Treasury Note yield is lower than it was in mid-March.
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
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
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
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
https://www.youtube.com/watch?v=HIZABgs3QV4 Jacob Adams from The Washington Free BEacon reports, Several House Republicans say one of the first orders of business if they regain a majority in 2022 will be to take down the security barrier surrounding the Capitol. Read More/Source/Credit/FairUse: https://freebeacon.com/politics/repub…
Car jackings in DC have gone up by 30%. Meanwhile, in Dallas, Texas today: https://t.co/ojtbGfXwfb — Caleb Hull (@CalebJHull) June 23, 2021
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
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
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
🔴 #BREAKING Miami Dade authorities declare a "Level 5" mass casualty event after a 13 story apartment building partially collapses in a neighborhood of Miami Beach. Unknown number of casualties. Reason for the collapse unknown. — John Stempin (@johnstempinNPR) June 24, 2021 MCI Level 5 – Incident will require statewide resources. Size – greater than … Read more
The government is poised to announce a ban on junk food advertising online and before 9pm on TV from 2023, as Boris Johnson looks to deliver on his pledge to tackle the UK’s growing obesity crisis. The new measures, which will be some of the toughest marketing restrictions in the world, will heavily impact the … Read more
by mapi Forget all the exaggerated claims public officials told you about CCTV cameras and public safety. Move over Vision Zero proponents because there is a new player in town. License plate readers that can ID and fine vehicles for polluting the air will soon be coming to a city near you. Siemens Mobility, the license plate … Read more
https://mishtalk.com/economics/real-interest-rates-are-more-negative-now-than-in-the-2004-2007-housing-boom Meaning of Real Real means inflation adjusted. But what is the best measure of inflation? Home Price Not in the CPI Home prices are not in the CPI. They should be. Economists generally disagree with me, but what good is a measure of inflation that excludes key prices? The CPI ignores housing prices, what … Read more
by confoundedinterest17 I call this the Everybody’s Everything asset bubble. Take a look at Robert Shiller’s CAPE (Cyclically-adjusted Price-Earnings) ratio. It has been rising ever since The Federal Reserve and other global central banks began their interest rate suppression and quantitative easing (QE) programs. Not quite to the peak of the Dot.com bubble, but trying!!! Since the housing … Read more
Cook called Pelosi with ‘warning’ about antitrust bills… After members of Congress introduced new antitrust legislation earlier this month, Apple CEO Tim Cook reportedly called up House Speaker Nancy Pelosi (D-Calif.) and others with a few complaints. Cook called Pelosi and other members of Congress after lawmakers introduced six antitrust bills, with the Apple executive looking to “deliver a warning” that the … Read more
