Australia raises interest-rates with an explanation more suited to a cut in them

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by Shaun Richards This morning has brought another addition to what in recent times has become a pretty regular drumbeat. At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.50 per cent. That was … Read more

Economic headwinds: Job openings down across the board… student loans payments… more rate hikes…

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Alternative, real-time data starts to suggest some more meaningful weakness in the US labor market. Job openings down across the board. Hiring rates as measured by LinkedIn are down 28% (!) compared to last year February. pic.twitter.com/vGCJRyjTqI — Alf (@MacroAlf) March 7, 2023 WOLFE: “.. economists and market participants are underestimating the headwinds that are … Read more

Real Cash Losses in Japan…

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Real Cash Losses in Japan 🇯🇵 pic.twitter.com/ctP2u0JafY — Win Smart, CFA (@WinfieldSmart) March 7, 2023 This week’s BoJ meeting will be the last for Kuroda, as governor. pic.twitter.com/2X6EzbkTJL — Ayesha Tariq, CFA (@AyeshaTariq) March 7, 2023

Bear Trap? Market Holds Critical Support.

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By Lance Roberts Is the recent correction a “bear trap?” Or is the bounce just a selling opportunity for a return of the bear market? “A bear trap occurs when there is a bearish correction or reversal amid an overall uptrend. A downward correction sees shorting temporarily overcoming buying pressure, leading to a short-term price fall. The … Read more

“FREEZE?” THEY SHOULD FIRE EVERYONE INVOLVED: Report: DHS Freezes Intelligence Program Over Civil Rights Concerns: ‘Runs Like A Corrupt Government.’

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The Department of Homeland Security (DHS) paused a domestic-intelligence program last year over concerns that it may run afoul of Americans’ civil rights. The DHS Office of Intelligence and Analysis (I&A), one of 18 government offices and agencies that make up the U.S. Intelligence Community, oversees the “Overt Human Intelligence Collection Program” as part of … Read more

Elon Musk’s Twitter Refuses to Pay $70 Million Amazon Hosting Bill

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Elon Musk’s Twitter is reportedly coming under fire from Amazon for refusing to pay its $70 million bill for cloud servicess despite relying on Amazon Web Services for major parts of Twitter’s operations. Amazon is reportedly threatening to withhold advertising revenues from Musk’s platform in response. A report from the Information states that Elon Musk’s … Read more

Staff Lawyer for Southern Poverty Law Center Arrested Along With 23 People in Georgia Charged with Violent Domestic Terrorism

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Last night, around 5:30 p.m., Georgia police said a group of violent agitators used the cover of a festival and peaceful protest to coordinate an attack on construction equipment and police officers at a proposed Atlanta Public Safety Training Center. “This is not a protest,” APD officials said at a press conference Sunday night. “This … Read more