This downturn will have no mercy…

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https://twitter.com/RetirementRight/status/1375112792978583553 dxy getting legs pic.twitter.com/IAaCsbcat6 — Alastair (@StockBoardAsset) March 25, 2021 https://twitter.com/NorthmanTrader/status/1375104511291879430 https://twitter.com/farrisbaba/status/1375102619090354181 Yeah, it's real bad out there. Read my tweets from last night.. Depression stage.. The stages of grief are playing out — Jim Cramer (@jimcramer) March 25, 2021 Just released today, AAII bulls 50%, highest of the yearBears 20%, lowest of the … Read more

Nobody’s ‘coming after your guns,’ says Kamala Harris, who campaigned on coming after guns

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As the Biden administration launches a new push for gun control, Vice President Kamala Harris insists that nobody’s “coming after your guns.” With Harris on record saying the exact opposite, will anyone believe her? Harris scolded Republicans who equate gun control with “getting rid of the Second Amendment,” telling them to “stop pushing the false … Read more

Florida Bill Would Restrict Scholarships for Majors that Don’t Lead to Jobs

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A bill currently in Florida’s state senate would restrict college scholarship funds for students who select majors that do not promise a return on investment — such as social justice majors that are not expected to directly lead to employment. Senate Bill 86, which would reduce Florida’s “Bright Futures” scholarships for students who pursue degrees deemed … Read more

Freddie’s 30Y Mortgage Commitment Rate Rises To 3.17%, Highest Since June 2020 (Powell Says No Backing-off Stimulus Until Economy Has “All But Recovered,” M2 Money Growth Now Up To 27.1% YoY)

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by confoundedinterest17 Freddie Mac’s 30-year mortgage commitment rate keeps on rising. Now to 3.17%. This is happening at the 10-year Treasury yield continues to climb. Note that interest rate volatilty (SRVIX) surged and remains elevated compared to equity volatility (VIX). (Bloomberg) — Federal Reserve Chair Jerome Powell​ said the U.S. central bank would wait until the economy has … Read more

Container Ship Operators Are on a Tear as Freight Rates Skyrocket

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by Frank Holmes, CEO, U.S. Global Investors For the past 20 years, the Port of Los Angeles has been the busiest seaport in the Western Hemisphere, responsible for exporting commodities such as soybeans and raw cotton and importing everything from furniture to electronics. In 2020, container volume reached 9.2 million 20-foot equivalent units (TEUs), with … Read more

Powell Sounds Dovish, but Is He Dovish Enough for Gold?

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by Arkadiusz Sieron of Sunshine Profits Although dovish, Powell downplayed the bond yield rally. The Fed’s more tolerant stance on inflation is good for gold, but the metal may continue its bearish trend in the short-term. In the last edition of the Fundamental Gold Report, I analyzed the latest FOMC statement on monetary policy and economic projections. Today, I would like … Read more

Prosecutors Now Backing Away from Statements and Charges Against January 6th Protestors

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by Sundance  Interesting that Reuters would outline the walk-backs.  Even more interesting that the details of the walk-backs seem to prove the DOJ never actually intended to win any of these cases, but rather wanted to advance a political narrative about extremists through their earlier statements. The approach of building a political narrative through false accusations … Read more

Dem Senator Wants to Subsidize Industry His Family Is Investing In

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Sen. Ron Wyden, D-Ore., is pushing for legislation to expand U.S. manufacturing of semiconductors, batteries and other technology – but his wife recently purchased at least $2,000 worth of stock in American semiconductor manufacturing tool companies. Wyden’s wife Nancy Bass Wyden purchased between $2,002 and $30,000 in stock from two companies, Applied Material Inc. and KLA Corp., on Feb. 26, … Read more

Washington Post Writer Wants the Government to Fact-Check the Press

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The Washington Post’s opinion writer Jennifer Rubin wants President Joe Biden’s administration to begin fact-checking the White House press corps. Rubin, once described as The Post’s “conservative opinion writer,” centered her argument around the situation at the border. Reporters have pushed the administration on whether it should be called a “crisis” as the area experiences a surge … Read more

White-Collar Visa Workers Take 2/3 of New Tech Jobs Each Year

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https://twitter.com/scootdooby/status/1370708245187289089 Two-thirds of entry-level tech jobs go to compliant foreign guest-workers, not to the young American professionals who may create a new wave of establishment-shaking companies, according to a report from Bloomberg. In 2018, “the U.S. had between 96,000 and 143,000 openings in IT occupations that typically went to candidates with a bachelor’s degree or … Read more

SEC Begins Enforcing Law That Could Delist Chinese Firms From U.S. Exchanges

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WASHINGTON/HONG KONG (Reuters) – Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown … Read more

Elizabeth Warren is totally clueless about stock buybacks

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Earlier this month, Sen. Elizabeth Warren blasted corporate share repurchases as “nothing but paper manipulation.” According to the Massachusetts Democrat, when a company buys back its own shares, it merely cheats the system. “They got a little fluff-and-buff in their stock,” Warren said. “And how did they do that? By taking their excess cash and saying, ‘Geez, … Read more

Biden Admin Planning Corporate Tax Hike – Here’s Why The Only Losers Will Be Middle-Class Americans

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By Jon Hall  After automotive giant Ford announced it’s moving a project worth almost $1 billion dollars from Ohio to Mexico, the Biden administration remains silent. In December, Biden vowed to be “the most pro-union President” but has revealed plans of raising the corporate tax rate. Whilst on the surface, an increase might seem of benefit to workers, it’s anything but. The … Read more