Is JP Morgan good? Request an order to permit certain registered closed-end management investment companies to issue multiple classes of shares and to impose early withdrawal charges and asset-based distribution and/or service fees with respect to certain classes.

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by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-04866.pdf An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC’s Secretary at Secretarys-Office@sec.gov and serving the relevant applicant with a copy of the request by email, if an email address is listed for the relevant applicant below, … Read more

Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury (-39.774 billion as of 3/8/2023)–Let’s talk about the Fed’s cumulative losses.

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by Dismal-Jellyfish Good afternoon, resident jellyfish here! I hope everyone is enjoying a great Thursday. I want to take a minute to discuss a graph I am sure is going to catch some folks attention pulled from today’s H.4.1 release: https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed is playing slight of hand here. Storing losses on the balance sheet … Read more

Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send ‘shock waves’ through the sector

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via MSN: Bank stocks plunged on Thursday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital. SVB Financial surprised investors with lowered guidance, a $2.3 billion capital raise, and a massive $1.8 billion loss from its bond portfolio. “This is sending shock waves through the financials with the … Read more

There Goes What’s Left of the Economy

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by Chris Black Remember how they used to say that “elections have consequences”? Well, stolen elections also have consequences, and “it” just hit the fan: These alleged people fail to realize that all money is on a computer, and they will leave the US to an offshore triple buried shell corporation that pays less in … Read more

Huge layoffs coming at GM…

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via CNBC: DETROIT – General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra. The “Voluntary Separation Program,” or VSP, will be offered … Read more

BIDEN GUILTY OF CRIME PUNISHABLE BY DEATH

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via republicbrief: Joe Biden’s treason is on the minds of many Americans and David Horowitz, a recovering leftist, wrote a scathing article about how he views the usurpations of our Democrat President. “His accusations might sound harsh to some, but there are countless Americans who believe Biden is guilty is treason and, at the very least, … Read more

Invasions Are Okay When We Do Them: U.S. Occupation of Syria Will Continue . . . . . . Here Are the 56 Democrats and 47 Republicans Who Voted to Withdraw U.S. Soldiers from Syria

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via globalresearch: The sudden unannounced arrival of the top US military officer General Mark Milley, chairman of the Joint Chiefs of Staff, at a dusty American base in Syria’s remote northeast on Friday may call to mind a famous quote by Dick Cheney, vice-president in the George W Bush presidency: “The good Lord didn’t see fit to put … Read more

US Mortgage Rate Rise To 7.13% As Inflation Remains And Fed Counterattacks

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by confoundedinterest17 As Americans are painfully aware, inflation is still haunting us. Despite Administration proclamations that inflation is declining, it is rising again. And with rising inflation (and an overheated labor market), The Federal Reserve is in full counterattack mode, withdrawing stimulus and raising rates. And with Fed tightening comes rising 30-year mortgage rates. Out of … Read more

Where next for house prices?

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by Shaun Richards The ebb and flow of economic events gives us the opportunity to update ourselves on the central bankers favourite topic. We will probably never know how much fears about house price falls influenced the way they dithered, dillyed and dallied before raising interest-rates. But we do know that for them the only … Read more

A RATIONAL CONCERN: Poll: Inflation has Americans worried about covering expenses after job loss.

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via thecentersquare: A majority of Americans polled said they couldn’t afford to pay emergency expenses or cover their living expenses for just one month if they lost their primary source of income, according to Bankrate’s latest Annual Emergency Savings Report. The main reason cited is record-high inflation. The majority surveyed, 68%, said they’re “worried they wouldn’t be … Read more

New emails from the National Archives show that the White House was asking questions about Hunter’s cocaine use in 2014

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New emails from the National Archives show that the White House was tracking coverage of Hunter’s dismissal from the Navy Reserves over cocaine use New emails from the National Archives show that the White House was tracking coverage of Hunter's dismissal from the Navy Reserves over cocaine use Link: https://t.co/Oso1i7rMdW pic.twitter.com/AKxTlgCbgI — I Meme Therefore I … Read more

Israel Tensions Soar as Anti-Government Unrest Moves to Army

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Tens of thousands are protesting over the Israeli government’s move to scale back the Supreme Court’s power, escalating tensions over a plan that’s sparked the biggest unrest in decades and seen army reservists threatening to withhold service. There may be demonstrations in 20 cities across the country Thursday, according to plans released by organizers. Last … Read more

“Significant Data Breach” Hits Lawmakers On Capitol Hill

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The Chief Administrative Officer of the House of Representatives, Catherine L. Szpindor, told lawmakers Wednesday their personal information was exposed in a “significant data breach” at a health insurance marketplace. “I have been informed by the United States Capitol Police and DC Health Link* of a data breach impacting Members and staff. DC Health Link … Read more

Brazilian equities are historically cheap even relative to global commodity producers.

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Brazilian equities are historically cheap even relative to global commodity producers. The last time we saw such undervalued prices was in the early 2000s, when Brazilian stocks entered a bull market. It is one of the most natural resource-rich economies on the planet. To… pic.twitter.com/TGwqJfPwpa — Otavio (Tavi) Costa (@TaviCosta) March 9, 2023

Repeal Biden’s WOTUS rule

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The only certainty farmers and landowners get from Biden's 2023 WOTUS rule is the certainty that if a raindrop falls on a farmer's property, a government agent will show up to tell that farmer what can and can't be done with the land. Repeal Biden's WOTUS rule. pic.twitter.com/i6zECIYcXY — Thomas Massie (@RepThomasMassie) March 9, 2023