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By Chris Black I regard libertarianism to be just another subversive ideology promoted by the “usual suspects”, i.e. suicidal ideation on a grand scale, all dressed up in the cloak of “morality”, designed to destroy the Western society via large scale immigration, promoting degeneracy, pathological individualism etc. For example, a lot of libertarians – because … Read more
New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, the bank would lose $5 billion. We may never find out the real amount of … Read more
https://www.youtube.com/watch?v=Zs9pyTv58qc The housing market madness is currently marking a clear shift in buyers’ mood and sentiment as the health crisis drags on. Whereas the Fed plunged mortgage rates to record lows and the federal government delayed the foreclosure wave via forbearances, a mass exodus from major metro areas due to the growing socio-economic chaos resulted … Read more
by UPFINA The latest jobless claims report from the week of April 3rd wasn’t great. This is one of the bears’ last credible arguments that the labor market isn’t accelerating. However, we wouldn’t hang our hats on this metric because of how unreliable claims have been since the pandemic began. Data has been all over the map … Read more
Bitcoin, Real Estate, Stocks…they're just the first outlets of a hyperinflationary cycle. Eventually assets need to be sold for real life needs. — John Tuld (@BradHuston) April 13, 2021 So, how's it going with the whole "Covid will crush CPI rents forever so don't worry about increases anywhere else in the index because rents have … Read more
https://twitter.com/NorthmanTrader/status/1381965065612447744 https://twitter.com/NorthmanTrader/status/1381951690144935938 Bears 🐻 throwing in the towel? 🤔 pic.twitter.com/86KlHUnL0Y — Win Smart, CFA (@WinfieldSmart) April 13, 2021
by yes_its_him My wife wanted to move on from her perfectly good 2008 4Runner, said the first 132000 miles were the best. We go shopping for what she wants to get now (don’t ask…) and get a dealer’s trade quote. I am reminded why I have only ever traded in one car in my life. … Read more
by Robert Wheeler If the Biden Administration has its way, changes could soon occur that would allow for packing the Supreme Court with additional justices – of his choice. While the administration launches what appears to be an all-out war against the Bill of Rights, many Americans are under the false belief the Supreme Court will … Read more
by mapi A New Hampshire judge allowed part of an ACLU lawsuit against U.S. Customs and Border Patrol (CBP) checkpoints in three New England states to continue. Last year, the ACLU sued the CBP over roadside checkpoints in Vermont, New Hampshire and Maine. The ACLU argued that the CBP roadside checkpoints were conducted for the primary purpose of … Read more
by confoundedinterest17 Treasury managed to sell $24 BILLION in 30 year Treasury bonds. The high yield rate was 2.32%. The result? The 30Y-2Y Treasury slope declined along the the 10Y-2Y slope. Good news for the already blistering housing market.
https://www.youtube.com/watch?v=Tq-nuYdh7YE
Sky News host Cory Bernardi says US media company CNN is “effectively just a propaganda machine for the left” after Project Veritas caught a network director “boasting about how the network engaged in propaganda”. “Their focus unashamedly was to remove Donald Trump from office. They did this in a two-pronged attack. Firstly, they would concoct … Read more
IRS chief says some $1T in taxes going uncollected annually. The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year, IRS Commissioner Chuck Rettig said Tuesday. His estimate goes far beyond the official $441 billion difference between taxes paid and taxes owed annually, the … Read more
by Shaun Richards One of the features of the UK property market is that Mr Micawber pretty much always turns out to be right with his claim that something will turn up. Each time it looks set for a decline then there is a change which bails it out meaning that the last sustained drop … Read more
by Lance Roberts As markets surge to record highs, analysts are rushing to ratchet up earnings estimates as optimism explodes. “The first quarter of 2021 marked the largest increase in the bottom-up EPS estimate during a quarter since FactSet began tracking the quarterly bottom-up EPS estimate in Q2 2002. The previous record was 5.4%, which occurred … Read more
by Arkadiusz Sieron of Sunshine Profits The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold. Last week, The Federal Open Market Committee (FOMC) published minutes from its last meeting in March. They show that – in light of positive economic indicators – the members of the Committee turned out to be … Read more
This is a very interesting interview. An Aussie journalist in 1973 talks to the Club of Rome about what the future holds and is told quite matter-of-factly that all nations will have to give up their sovereignty in order to avoid a global environmental catastrophe. AC
SAN FRANCISCO — Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream. Traditional banks are helping investors put their money into cryptocurrency funds. Companies like Tesla and Square are hoarding Bitcoin. And celebrities are leading the way in a digital-art spending spree using a technology called an NFT. … Read more
