Fed Signals It’s Ready to Wield Power Over Short-Term Rates (Wizard Of Rates??)

by confoundedinterest17 Gee, I thought The Fed already had control over short-term rates. Federal Reserve Chairman Jerome Powell stands ready to pull some of the central bank’s policy levers in between regularly scheduled meetings, if that’s what it takes to keep short-term interest rates under control. He noted recent downward pressure on rates during the Federal Open Market Committee’s March … Read more

Fed Transparency Won’t Get Us out of the Mess the Fed Created

by Frank Shostak via Mises In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over time and with great transparency. Rate increases would only be considered when the … Read more

Insanely Busy Mortgage Broker with Debbie Bloyd

from Kerry Lutz’s Financial Survival Network Debbie Bloyd notes that interest rates are rising for now, and asks what will the effect be? Buyers haven’t seemed to notice. One a $300k mortgage their payment has gone up $60-70 per month. Buyers need to prepared for higher insurance, taxes, utilities, etc. Texas had their freeze and they’re still … Read more

Doug Casey on the Rise of Woke Companies and ESG Investing

Via International Man International Man: The trend of investing in so-called environmental, social, and governance (ESG) companies is growing. Companies are rated based on their carbon emissions, diversity on their board, among other factors. Many companies seem to be bending over backwards to show their ESG credentials. What do you make of all this? Where … Read more

INSURRECTION – BLM has stormed the Iowa Capital

https://twitter.com/zerosum24/status/1380218629640314882 https://twitter.com/zerosum24/status/1380228845937295362 Videos: “Insurrection” Underway In Iowa As BLM Storms The State Capitol Building – Arrests Are Being Made Insurrection underway in Iowa https://t.co/dMlI1OhDOv — Jack Posobiec (@JackPosobiec) April 8, 2021 https://twitter.com/The_Justice7/status/1380220048191684610?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1380220048191684610%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.usasupreme.com%2Fvideos-insurrection-underway-in-iowa-as-blm-storms-the-state-capitol-building-arrests-are-being-made%2F     h/t Space_Force

Jobless Claims Unexpectedly Jump to 744,000, Much Worse Than Expected

New weekly jobless claims rose to 744,000 for the week that ended April 3rd, the Department of Labor said Thursday. Economists had forecast a decline to 680,000 from the previous week’s 719,000. This is the second consecutive week in which initial jobless claims moved up in contradiction to expectations. The upper end of the range of forecasts … Read more

WOKE: United Airlines Selecting New Pilots On Skin Color… Darker The Better…

Our flight deck should reflect the diverse group of people on board our planes every day. That’s why we plan for 50% of the 5,000 pilots we train in the next decade to be women or people of color. Learn more and apply now: https://t.co/VbOFvFOksB pic.twitter.com/r0ScH6MQAJ — United Airlines (@united) April 6, 2021 https://populist.press/woke-united-airlines-selecting-new-pilots-on-skin-color-darker-the-better/ NOTHING … Read more

Biden Makes Embarrassing Blunder Twice During WH Speech

https://twitter.com/Breaking911/status/1380203505990967307 Grandpa Joe Says Planes Can Go 21,000 MPH – Making New York to LA a 7 Minute Ride Mediaite reported: President Joe Biden claimed Wednesday that commercial aircraft would soon be able to travel at speeds of up to 21,000 miles per hour. “I tell the kids, the young people that work for me — I told … Read more

DeSantis, Florida sue Biden admin. over cruise restrictions

Miami, Fla. – Today, under the direction of Governor DeSantis, Florida is suing the Biden Administration in federal district court to overturn the unlawful “Conditional Sailing Order” enacted by the Centers for Disease Control and Prevention (CDC). This unprecedented year-long lockdown of an entire industry by the federal government has directly harmed the State of … Read more

Trump Said It Never Happened…They LIED!

Donald Trump has released a brief statement denying that GOP Representative Matt Gaetz of Florida solicited a pardon from him, while also offering a defense of the embattled congressman. “Congressman Matt Gaetz has never asked me for a pardon. It must also be remembered that he has totally denied the accusations against him,” Trump said … Read more

Global Food Costs Keep Climbing in Threat to Consumer Wallets; The Biggest ‘Inflation Scare’ in 40 Years Is Coming

The Biggest ‘Inflation Scare’ in 40 Years Is Coming: MW “The result is that investors should be prepared for the biggest inflation scare in America on the reopening of the economy since the early 1980s when former Fed Chairman Paul Volcker crushed double digit inflation in the late 1970s by imposing high real interest rates … Read more

Hope I’m not the only one who thinks something could go wrong…

Giant VIX options trades bet that the stock-market calm won’t last https://t.co/nLT8uGu0uQ — Elena Popina (@lena_popina) April 8, 2021 https://twitter.com/farrisbaba/status/1380247823631986692 BlackRock's Larry Fink calls for private companies to also make ESG disclosures. If he is serious, he'll champion the #TransparencyLabelInitiative as it provides investors the leverage they need to force these disclosures. https://t.co/1NgyjERD74 — Richard … Read more