Is current market strength setting up to be a major bull trap?
BY SVEN HENRICH Markets continue to be engaged in a very subtle battle for control. Having just witnessed another minor pullback of 5% or so here in May one can certainly argue it’s business as usual in 2021. New highs every month, some smaller pullbacks in between and then off to new highs. Basically the 2013 … 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
CNN Loses Nearly 70% of Their Audience Since Trump Left Office
Ratings from Neilsen Media Research reported Tuesday indicated that CNN lost 67% of its total viewers since January, when Donald Trump left the White House. During the primetime hours of 8:00 p.m. – 11:00 p.m. (EST), CNN lost around 65% of its total viewers since January. In the critical 25-54 age demographic, the network lost … Read more
Billionaire’s Fishing Lodge Faces Seizure in Record Tax Case
Federal prosecutors are trying to seize a $15 million fishing compound in Colorado and $77.9 million in a Swiss bank account linked to an alleged fraud by billionaire Robert Brockman, who was indicted last year in the biggest U.S. tax-evasion case ever against an individual. Beyond claims that he failed to report $2 billion of … 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
Mannarino: A Stock Market Crash Beyond Your Wildest Nightmares IS COMING… Be Ready.
TradersChoice.net, Released on 5/21/21 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more
Prepayment Worries Ease With Drop In Refi Applications (Have Mortgage Applications Run Out Of Gas?)
by confoundedinterest17 (Bloomberg) — Fewer homeowners are looking to refinance and mortgage securities investors are likely to benefit. The Mortgage Bankers Association refinance applications index dropped 7.2% in the latest report, its largest weekly decrease in three months. Looking ahead to next week’s prepayment speed report for May, consensus is looking for mortgage refinancings to drop for a second month in a row. … Read more
U.S. Congressman Seeks Full Audit of America’s Gold Reserves
by Money Metals News Service Washington, DC (May 26, 2021) – America’s gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Representative Alex Mooney (R-WV) becomes law. The Gold Reserve Transparency Act of 2021 – H.R. 3526 – backed by the Sound Money Defense League, Money Metals Exchange, … Read more
Pocahauntus Asks JPM Jamie Dimon If He Will Return $1.5 Billion In Overdraft Fees To Customers…Dimon Says NO!
The progressive Senator also attacked Dimon over what he argued was “excessive” compensation. “Mr. Dimon – as CEO you make 800 or 900 times your lowest paid worker. No one thinks you work 900 times harder than a teller. How did we get here?” To which Dimon responded that his compensation is set “by the … Read more
New Jersey’s Mysterious “$100 Million Deli” Did $5k in Sales in Q1
Sales jumped nearly a whopping 50% in the first quarter of 2021 at that mystery $100 million New Jersey deli company — but that amounted to only a measly $5,305 worth of food. Losses also jumped big-time at deli owner Hometown International, rising to $173,658 for the quarter. That’s about $97,000 more in losses than … Read more
Thanks Joe! AAA says gas prices highest in 7 years
Taking to the road over Memorial Day weekend? Experts say gas prices will be around $3.00 per gallon – the highest since the 2014 holiday weekend, according to AAA. According to the United States Energy Information Administration (EIA), the average gas price across the United States for the week of May 17 was $3.11 per gallon. The week before … Read more
Ford shutters Chicago assembley plant. Thousands layed off.
Ford will again shut down the Chicago Assembly Plant and lay off thousands of workers because of the worldwide semiconductor shortage that’s greatly disrupted automaking. The automotive factory at 12600 S. Torrence Ave. in Hegewisch will shut down the week of May 31 and then operate on a reduced schedule the week of June 7. It’s one … Read more
JOHN CENA , Takes a Knee FOR CHINA! Go WOKE Go BROKE!
John Cena apologized in Chinese on Sina Weibo after calling Taiwan a country during an interview promoting Fast & Furious 9 pic.twitter.com/dzRKIYgEzL — joexu.bsky.social (@JoeXu) May 24, 2021 https://dailycaller.com/2021/05/25/john-cena-apology-video-china-taiwan-country/