Biden’s Debt and Inflation Problems Won’t Be Easy to Fix… If The Government Calculated Inflation Like It Did In 1980, CPI Would Be Running At North Of 11% Y/Y.
via 19fortyfive: President Joe Biden’s bold budget proposals must raise serious questions about the country’s economic future. Not only do they raise immediate inflationary concerns. They also raise concerns about the country’s long-run debt sustainability. In his first 100 days in office, Mr. Biden has come up with three very large budget proposals at an estimated total cost … Read more
Bitcoin price is based on ‘wishful thinking,’ Deutsche Bank strategist says
Deutsche Bank Macro strategist, Marion Laboure, joins Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman to discuss bitcoin’s regulatory challenges and volatility.
Three Charts Every Gold Investor Needs to See Right Now
by The Phoenix Yesterday I noted that gold is telling us that the Fed is indeed going to let inflation run hot. Remember, the Fed can stop inflation at any point by tightening monetary policy. If the Fed were to announce tomorrow that it is hiking rates 3% while ending its QE program, inflation would be … Read more
“The best way to front run people who are having liquidity problems is to have liquidity when they’re having problems” -KM
https://twitter.com/steve_capital/status/1396608779966418947
FT: WallStreetBets turns to crypto as main subject
WallStreetBets turns to crypto as main subject FT pic.twitter.com/Hsd4SnowaF — Russian Market (@runews) May 25, 2021 BITCOINERS AND ETHEREANS JUST SUDDENLY SWAPPED TALKING POINTS New blog post on how Bitcoinf influencers are talking about making their industry ESG-friendly and how Ethereum bulls are talking about ETH being "ultra sound money"https://t.co/iDR27KcZzc — Joe Weisenthal (@TheStalwart) May … Read more
Volume continues to wane, hits lowest trading day of the year
Volume continues to wane, hits lowest trading day of the year pic.twitter.com/4UWKtjvILV — Not Jim Cramer (@Not_Jim_Cramer) May 24, 2021 #DJIA Daily. Remains the upwards Gap🧐 pic.twitter.com/2IGY8F4uNb — Antonio Pérez-Algás (@apanalis) May 25, 2021 Reverse Repo: Our banking system is drowning in Liquidity.
The Everything Shortage, and Cryptos (of Course) with John Rubino
from Kerry Lutz’s Financial Survival Network John Rubino talks cryptos, of course, and shortages are popping up everywhere. From today’s DC links list: Companies are panic-buying as supplies run short Ag’s latest headache: a shortage of pallets for shipping produce Chick-fil-A suffers sauce shortage amid industry-wide supply chain issues Social Media Censorship Slammed After Fauci Admits Possibility … Read more
Fed Balance Sheet Up $92 Billion In The Last Week, Other Central Banks’ Sheets Growing Out of Control!
by Jason Burack of Wall St For Main St US federal government budget deficits are on a $4 trillion plus annualized pace while the Fed is now putting in a permanent repo facility for money market funds, hedge funds, real estate investment trusts (REITs) and other non-banks to borrow from. FULL SHOW NOTES AND LINKS HERE Commit to … Read more
Mohamed El-Erian discusses concerns surrounding the regulation of cryptocurrencies
CNBC, Released on 5/24/21 Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of … Read more
Technically Speaking: Picking Up Pennies In Front Of A Steamroller
by Lance Roberts “I take my hat off that you are able to continue picking up pennies in front of a steamroller. Reading your newsletter, I scratch my head in amazement at your ability to increase your exposures in a market you admit is the most expensive ever.” – @mlevin999 That was a comment I … Read more
Windham, New Hampshire, Auditor Says 60% Error Rate
by Sundance Background – The people on the ground in Windham, New Hampshire, are doing an excellent job holding the election officials and auditors accountable to the people during this forensic ballot audit. The audit started because the tabulating machines (Dominion hardware and software) did not accurately count the votes from the physical ballots. During … Read more
Retired DOD officer: US government in possession of “exotic material” recovered from UFOs
by: Virgilio Marin (Natural News) Luis Elizondo, a retired officer at the Department of Defense (DOD), claimed that the U.S. government is in possession of “exotic material” recovered from UFOs. In a recent interview on Fox News‘ “Tucker Carlson Tonight,” Elizondo said he believes there is physical evidence of UFOs and urged the government to be more transparent about it. When asked whether … Read more
TRUMP: CNN Doesn’t Even Have A Show In The Top 100
Like Trump or not….he does have an uncanny way of tanking his enemy’s ratings!!! Donald J. Trump 5:00pm May 24, 2021 Highly respected pollster John McLaughlin says 73% of all Republicans want Trump to run again in 2024 and Republican primary voters would support him 82%-13%. Even the Washington Post has just reported “All Republican … Read more
JUST IN! THE U.S. HOUSING CRISIS IS SET TO GET WORSE
Home prices have risen and continue to rise at twice the rate of wage growth. As wage growth stagnates and housing costs continue to climb, most Americans are stuck with an inability to comfortably pay for housing. With supply shortages across the country, the simple answer to the high rental rates is, of course, to build more … Read more
Dems Desperate To Stop GA Audit After Massive Affidavit Released
Radio host John Fredericks joined the Steve Bannon’s War Room to talk about the audit taking place in Georgia. He began by saying that two Georgia state senators have called for the Georgia Bureau of investigation to get involved in the audit taking place in Georgia. That isn’t the only bombshell he dropped either. According to Fredricks, … Read more
Time to Confront the U.S. Capitol Police About Its January 6 Lies… The Capitol ‘armed insurrection’ narrative is crumbling
The body of U.S. Capitol Police Officer Brian Sicknick wasn’t even cold before his employer leveraged his untimely death to stoke more outrage about the events in the nation’s capital on January 6. “At approximately 9:30 p.m. this evening . . . United States Capitol Police Officer Brian D. Sicknick passed away due to injuries … Read more
BABA is likely to deliver 20% yearly returns for the next decade and beyond. Massively undervalued among tech megacaps, and ready to take off (DD)
by bragghy Value investing and long term holding might not be synonimum with wallstreetbets, but I don’t care, because I want to get this stock as much attention as I can now that I hold it. Alibaba is currently worth $570B or $210 per share and recently its price dropped after it missed profits in Q1, Jack … Read more
Leaked State Department Memo Indicates Official Support for BLM Agenda
A source within the Biden State Department wishing to remain anonymous has shared with Human Events News a document that indicates that all U.S. “Diplomatic and Consular posts” are being encouraged to display shows of support for Black Lives Matter on Tuesday, May 25, the one-year anniversary of George Floyd’s death. The memo reads in … Read more
Mr. Magoo At It Again…Biden Can’t Read His OWN Notes!
"We don't have a moment to lose in preparing for 2021." Pres. Biden speaks at briefing on the Atlantic Hurricane Outlook and preparedness efforts at FEMA headquarters. https://t.co/gW0jqlZ9Zv pic.twitter.com/sdrytVbale — ABC News (@ABC) May 24, 2021 White House: Joe Biden So Physically Fit, He’s ‘Hard to Keep Up With’ The White House told reporters Monday … Read more