Investors Are No Longer Bearish Bank Stocks (But Maybe They Should Be)

by jessefelder Back in October I suggested investors had probably gotten too bearish on the banks. Since then these boring, old, nocoiner institutions have dramatically outperformed the broader stock market. Hell, Wells Fargo has more than doubled in price over just the past seven months. But, as a group, these stocks can no longer be considered cheap. Furthermore, the best indicator … Read more

SICKENING : Nearly One Million People Pose a Sexual Risk to Children in the UK, Reveals Britain’s FBI

There are up to 850,000 people who pose a sexual risk to children in Britain, according to a report from the United Kingdom’s equivalent to the FBI, the National Crime Agency (NCA). The 2021 National Strategic Assessment of Serious and Organised Crime published by the NCA on Tuesday claimed that between 550,000 and 850,000 people … Read more

The Real Point Of Cryptocurrencies Is Not Their Price

BY JOHN RUBINO The Wall Street Journal recently posted an email conversation between columnist Andy Kessler and billionaire Mark Cuban in which Cuban explains the real point of cryptocurrencies. Hint: It has nothing to do with the price of bitcoin or ethereum. Mark Cuban Knows Crypto The Dallas Mavericks owner explains the allure and efficiency of … Read more

Systemic Risks Abound

by Charles Hugh-Smith If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior. For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the … Read more

Air Passengers Warned to Behave Ahead of Holiday… Woman charged with assaulting SOUTHWEST attendant, knocking out teeth…

(Bloomberg) — U.S. government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas on Tuesday to issue a … Read more

In APPLE, Judge Signals Interest in Railroad, Credit-Card Monopoly Cases…

The future of digital commerce on your iPhone could be influenced by how courts resolved questions about market control following technological innovations that disrupted previous generations: credit cards and railroads. With the courtroom battle between Epic Games Inc. and Apple Inc. AAPL -0.16% concluded Monday, U.S. District Judge Yvonne Gonzalez Rogers must now decide if … Read more

EVEN IF THE PRESS CALLS THE RIOTS “MOSTLY PEACEFUL,” PEOPLE NOTICE: Black Lives Matter Lost Support and Popularity in 2020… Riots Erupt In Portland, Crime DOWN In White Suburbs And UP In Minority Areas Proving BLM BACKFIRED

Black Lives Matter lost support and popularity in 2020, new reports say Many democratic figureheads insist the United States underwent a “racial reckoning” in 2020 with Black Lives Matter leading the charge, but that narrative contradicts the truth. Black Lives Matter was a prominent movement across the country which had ample support of both political … Read more

Is poverty on the rise in the UK?

by Shaun Richards Today the IPPR has released a report on poverty in the UK. As always care is needed as the answer mostly depends on how you define poverty starting with whether you chose an absolute definition or a relative one. With the latter poverty is always likely to be with us no matter … Read more

$2300 Gold Coming Very Soon with Craig Hemke

from Kerry Lutz’s Financial Survival Network Craig Hemke gives us the real story on transitory inflation. No one is focusing on why they’re saying it. It’s all about yield curve control. The US cannot afford higher interest rates. The Fed is controlling yields and real interest rates. Interest on treasury debt cannot exceed 2 percent or we’re … Read more