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Network News Skip GOP Acquiring Bank Records of Hunter Biden’s Associates House Committee has the Banking Records: …former Clinton administration official and Hunter Biden associate Rob Walker “received a $3 million wire from individuals associated with the Chinese Communist Party.” …Walker “transferred those funds into the accounts of three Biden family members” Instead of reporting … Read more
President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more than double the tax investors pay on investments held longer than one year. The proposal, … Read more
via revolver: The “First Amendment/meme” trial of Douglass Mackey continues in New York City. If you’re not familiar with the case, Revolver has been covering it closely. This is by far the most important “free speech” case in the United States at the moment, and what happens in this trial will have a significant impact on … Read more
Washington DC is abuzz with speculation over which Biden family member got a cut of a $3 million wire transfer to Hunter Biden associate John “Rob” Walker, just weeks after Joe Biden was no longer Vice President in 2017. According to House Oversight Committee Chairman James Comer (R-KY) – who last week said that evidence of CCP … Read more
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a “boatload of uncertainty” around the recent bank failures. The financial turmoil of the past few days … Read more
By Graham Summers, MBA Tech is finished. Ever since the Great Financial Crisis of 2008, the Fed has been primarily in an accommodative framework. For most of 2008-2023, interest rates were at ZERO or 0.25%. The below chart shows where rates were from 2007 until today. You’ll see that with the exception of 2017 to … Read more
By Brandon Smith There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the … Read more
via reason: Though Tuesday’s consumer price index report was in line with expectations, the Department of Labor’s data seemed once again to dash any hopes for a quick resolution to the inflation crisis that has strained Americans’ wallets for the past year. The annualized inflation rate for February fell slightly to 6 percent, but the … Read more
"The equity market is realizing what the bond market has realized for the last few days," says @elerianm. "It's not just one or two institutions. What we saw is exposing something much bigger that we have to reprice to — including that banking is changing." pic.twitter.com/AeprGVXjLA — Squawk Box (@SquawkCNBC) March 15, 2023
via dailycaller: Fox News contributor Leo Terrell criticized San Francisco on Wednesday over proposals to give black Americans reparations. The San Francisco Board of Supervisors moved Tuesday night to accept a draft reparations proposal that would allow black Americans who meet two of multiple requirements such as having been incarcerated in the “failed War on … Read more
That didn't age well AGAIN.😁#InverseCramer pic.twitter.com/C6gOV03QUw — Ken (@QuarkEntangled) March 15, 2023 25bps rate hike and it will buff right out *BANKS THAT ARE CREDIT SUISSE TRADE COUNTERPARTIES ACQUIRE CDS pic.twitter.com/tUvBZLaOgh — zerohedge (@zerohedge) March 15, 2023
by Dear-Ad-5972 The yield curve saw 7 out of 7 of the last recessions comming. At the moment we are deep in a negative yield curve. Look at 01.01.2007 in the chart. interest rates: 5.25% (on top, stop of raises) inflation: 2.1% low S&P 500: 1.400 points yield curve was going negative for the first … Read more
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R We have lost .70 in purchasing power since November (56.8), February (56.1).
The yield for short duration 3 month US Treasury notes are higher than the 10 year yield, and are the highest they have been, meaning continued yield curve inversion. Yield curve inversion is touted as a preceding indicator for economic recession. h/t laflammaster
https://twitter.com/_/status/1635929788727664640 https://twitter.com/_/status/1635930219461726212 https://twitter.com/_/status/1635961401670770690 WHITE HOUSE'S KIRBY: U.S. DRONE HAS NOT BEEN RECOVERED IN BLACK SEA -CNN INTERVIEW — alfred (@macronewswire) March 15, 2023 h/t DOORBERT
“According to the latest reports, S&P has downgraded First Republic Bank’s rating to “junk.” S&P analysts Nicholas Wetzel and Rian Pressman wrote: “The bank’s business position will suffer after the volatile swings in its stock price and heightened media attention surrounding deposit volatility. Its business stability has weakened as market perceptions of its creditworthiness have … Read more
Libidos ran free in this lockup. Eighteen female guards and staffers were either fired or resigned from a cushy UK male prison for engaging in hookups and other steamy sessions with inmates, according to UK reports. The illicit activities at HMP Berwyn, the UK’s largest male prison, date back to when the facility opened in … Read more
