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The price of gold is down 11% over the past twelve months. The S&P 500 is up 27% over the past twelve months. Bitcoin is up 467% over the past twelve months. Great dispersions often precede great reversions. We shall see. — Jeffrey Gundlach (@TruthGundlach) March 4, 2021
TradersChoice.net, Released on 3/4/21 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
Rich Dad Radio Show, Released on 3/3/21 Robert Kiyosaki is well-known for the phrase “Savers are losers” and it’s never been more true than in today’s economy. In his book, today’s guest says, “As history reveals an ugly pattern of governments spending tomorrow’s hard-earned savings today leaving unknowing savers holding the bag.” What most people … Read more
UK govt may start offering financial rewards for becoming healthier… The government is expanding access to weight loss services and may start offering people financial rewards for maintaining a healthy lifestyle as part of the fight against obesity. The Department of Health and Social Care is giving the NHS and local councils in England £70m to pay … Read more
This cannot be real. https://t.co/cXAemFLBIJ — Abigail Jackson 🇺🇸 (@abigailmarone) March 5, 2021 There is very little doubt that decades in Washington DC has taken their toll on Speaker of the House Nancy Pelosi. She has been caught on numerous occasions on camera saying things that appear to indicate fading mental acuity. But sometimes, she … Read more
Sen. Rand Paul unleashed a litany of earmarks while grilling Biden nominee Shalanda Young.
by Sundance The Intercept is reporting on something CTH predicted after the 2020 election, Mitch McConnell is working with Kentucky legislature to plan his departure before the end of his term. This is not a surprise. McConnell is fully exposed now; people can finally see through his schemes and understand his motives and maneuvers. (Via The … Read more
by howmuch In March 2021, the national debt hit an eye-popping $28 trillion, coming off the back of a $2.2 trillion stimulus passed by the U.S. Congress last year and prospects for another one in the coming months. The Congressional Budget Office expects national debt to double to 202% of GDP by 2051. You can check out the … Read more
U.S. Customs and Border Protection (CBP) officials revealed that a second accident involving 19 suspected illegal aliens occurred this week at approximately the same time and place as a mass casualty crash happened that resulted in the deaths of at least 13 people, all believed to have illegally entered the U.S. The two separate critical … Read more
A team of researchers at King’s College London has found that nearly 40% of students surveyed exhibited symptoms of addiction to their smartphone. In their paper published in Frontiers in Psychiatry, the researchers describe their study and what they found. Smartphones have become pervasive in virtually all advanced societies around the world. And as features of … Read more
YouTube has deleted all copies of President Trump’s speech to CPAC given last Sunday in Orlando and has suspended the account of Right Side Broadcasting Network for two weeks as apparent punishment for live streaming the speech in which Trump reiterated his belief the 2020 presidential election was stolen from him. YouTube took down videos … Read more
by th9901 This company is doing fantastic, half the PE of Costco, on the downswing, just reported a record breaking quarter BJ’s Wholesale Club Holdings, Inc. Announces Record Fourth Quarter and Fiscal 2020 Results Comparable club sales, excluding gasoline sales, increased by 15.9%, including digitally enabled sales growth of 168%, for the fourth quarter of … Read more
https://news.bloombergtax.com/daily-tax-report/crypto-purchases-dont-trigger-irs-reporting-requirement?context=search&index=0 Individuals who only purchased cryptocurrency with U.S. dollars and other real currency in 2020 don’t need to disclose that to the IRS this filing season, the agency said in a recent update to its website. The IRS announced its new position in its frequently asked questions on virtual currency transactions. Individuals who purchase cryptocurrency with another … Read more
by YOLOQuant I’ve seen a lot of misunderstanding across about the effect of rates on equities, so I figure I’d hop off of WSB to give an explainer about the relationship between stocks and interest rates, and show why the current sell off makes sense. Where do interest rates come from? Money has time value. … Read more
by rareliquid Hi Everyone, below is a post about Lemonade, which has fallen 30%+ over the past few days. There’s a lot of hype around the stock, but based on my diligence, I think investors should not buy the dip. Q4 2020 Financial Results – The Good Stuff I want to start this post actually with the … Read more
https://twitter.com/MFHoz/status/1367816412748640256 OOPS! US yield curve keeps steepening. US 2s/10s yield spread now at the highest level since 2015. pic.twitter.com/utdLS50cBx — Holger Zschaepitz (@Schuldensuehner) March 5, 2021 https://twitter.com/Hipster_Trader/status/1367532876191981577 Fed Chair Jay Powell didn't say last week's move in U.S. yields was disorderly, signaling that the central bank didn't intend to take additional measures to suppress the … Read more
by Chris Kimble The bull market in bond prices has steady, durable, and trustworthy. Over the past 40 years, if investors could count on anything, it was rising bonds and falling bond yields (interest rates). But this trend / dynamic may be changing… The post pandemic spike lower in interest rates (yields) sent bonds to all-time … Read more
by Michael Snyder The thin veneer of civilization that we all take for granted on a daily basis is steadily disappearing all around us. As I write this article, hordes of criminal predators are roaming the streets of major U.S. cities searching for their next victims. Even when crime rates were high in the 1970s … Read more
by Michael Snyder It is just a matter of time before one of the big volcanoes on the west coast erupts again. For years, I have been warning about Mt. Rainier, and I will continue to sound the alarm about it. When it finally goes, the death and destruction it causes could be off the … Read more