There is zero excuse for Powell buying Apple bonds. It provides zero economic benefit to the country, reduces the rate pensions can earn investing in blue chip debt, and is illegal. Powell should be brought up on charges.

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https://twitter.com/realJosephRich/status/1297233525998080000 Despite massive liquidity injections, more loans are rejected and credit standards tighten. Why? Liquidity does not change solvency issueshttps://t.co/3d3toJY0AL — Daniel Lacalle (@dlacalle_IA) August 22, 2020 https://twitter.com/Hoz94s/status/1297277497655152640 https://twitter.com/TenYearNote/status/1297273105077825536 Yearly change in M2 money supply. pic.twitter.com/7184vpOoVJ — Win Smart, CFA (@WinfieldSmart) August 22, 2020 St. Louis Fed Financial Stress Index measures below zero for a … Read more

Hedge fund manager Doug Noland on Fed induced market bubbles / endless Moral Hazard.

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Hedge fund mgr Doug Noland on Fed induced market bubbles / endless Moral Hazard. Asset bubbles haven't stoked GDP b/c the Top 10% owns 85% of stocksđŸ€Šâ€â™‚ïž Nasdaq P/E 37@ericrosengren @RobSKaplan @RaphaelBostic @marydalyecon @neelkashkari @steveliesman @NickTimiraos @byHeatherLong pic.twitter.com/kacIpiBJ2B — M/1_LP (@MI_Investments) August 22, 2020 https://twitter.com/UPFINAcom/status/1296974727538515969

Tesla Stock Soars Past $2,000 Ahead Of Stock Split

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By Charles Kennedy Shares in Tesla (NASDAQ: TSLA) jumped by more than 6 percent to close above $2,000 on Thursday and were up another 2% in pre-market trade on Friday, before the deadline for holders of Tesla stock to be eligible to get more shares under a five-for-one split announced earlier this month. Tesla’s stock … Read more

Is The Stock Market Now Too Big To Fail?

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Authored by Sven Henrich via NorthmanTrader.com, Reality Check This week the headlines declared the bear market over as the S&P 500 joined the Nasdaq to make new all time highs. A new bull market has begun so the celebratory narratives. It is true these indices have made new all time highs, but the actual market hasn’t. … Read more

Tulsa residents sue city leaders over mandatory mask mandate

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A group of business owners and doctors based in Tulsa, Oklahoma announced a lawsuit against the city’s mayor, city council and the head of its Health Department. The suit seeks the immediate repeal of mask mandates, which the plaintiffs said are harming the health of the city’s residents. OAN’s John Hines has more from Washington.

Russia Overtakes Saudi Arabia To Become Second Largest Oil Producer

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By Tsvetana Paraskova Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in the world, behind the number-one producer, the United States, data from the Joint Organisations Data Initiative (JODI) showed. In June, Russia’s crude oil production was 8.788 million bpd, according to the data released … Read more

Is the CONGRESS postal system where members can BORROW $$$$ tied to the USPS?

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Postmaster General Anthony M. Frank came to Washington, D.C., in 1988 with a mandate to run the United States Postal Service like a business. That’s why the former California savings and loan executive was furious when he discovered that millions of postal dollars were being spent without his approval. What angered Frank was that Congress … Read more