US 10Y-3M Treasury Curve Steepest Under Biden Presidency While 10Y-2Y Curve Flattest Under Biden As inflation, Oil Soar (Gasoline UP 10% In New York Port, Mortgage Rates Climb)

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by confoundedinterest17 Oil prices are soaring as US President Biden pleads like a homeless person to foreign countries for oil rather than let the US produce more oil to drive down prices. Meanwhile, the US Treasury yield curve 10Y-3M is at its steepest (rising 10Y yields while The Fed keeps short rates at near zero). But … Read more

End the Fed and Get More Doritos

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by Ron Paul The US government’s Consumer Price Index indicates prices have increased 7.9 percent in the last year. While this statistic shows the highest rate of increase in forty years, it still understates the amount prices have increased, in part because the statistic is manipulated to minimize reported price increases. A stealth form of inflation … Read more

Is Cash Trash As Inflation Rages?

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By Lance Roberts “Cash Is Trash” is a common theme as of late as inflation rages from the massive monetary interventions of 2020 and 2021. However, is “cash really trash?” Or, does cash still provide a valuable benefit to portfolios in terms of risk management? One of the common mistakes that individuals make regarding inflation is to assume … Read more

Clueless Celebrities Attempt to Worsen Energy Crisis

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by Martin Armstrong City National Bank is considered Hollywood’s “bank to the stars” and was acquired by the Royal Bank of Canada (RBC) in 2015. A group of over 65 clueless celebrities thirsting for attention are attempting to create a movement called “No Dirty Banks” to dissuade the RBC from investing in fossil fuels – … Read more

The combination of a strong dollar, rising oil prices, and higher rates will weigh on US economic growth. Bond market fireworks highlight recession worries

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The combination of a strong dollar, rising oil prices, and higher rates will weigh on US economic growth. Source: @RealAlpineMacro pic.twitter.com/4xpbQo5XXG — (((The Daily Shot))) (@SoberLook) March 21, 2022 Bond Market Fireworks Highlight Recession Worries – Yahoohttps://t.co/DAIcQ5xa98 — LiveSquawk (@LiveSquawk) March 21, 2022 Each recession over the past 3 decades has been accompanied by a … Read more

META, the stock formerly known as Facebook, has plummeted 40%, sending its best employees scurrying for another job.

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Shares of Facebook and Instagram parent Meta have plummeted more than 40% over the past six months — and some employees saddled with underwater stock options are eyeing the exits. “Joined Meta near [all-time stock high], now feeling like s—t,” one Meta employee said this week in a popular thread on Blind, a corporate message … Read more

China has fully militarized at least 3 islands in South China Sea

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China has fully militarized at least three of several islands it built in the disputed South China Sea, arming them with anti-ship and anti-aircraft missile systems, laser and jamming equipment, and fighter jets in an increasingly aggressive move that threatens all nations operating nearby, a top U.S. military commander said Sunday. U.S. Indo-Pacific commander Adm. … Read more

Get ready for a story that’ll make the laptop from hell seem small

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Get ready for a story that'll make the laptop from hell seem small pic.twitter.com/VdSDNKzEPd — Raw Paul | X39 Patriot (@realRawPaul) March 20, 2022 …Apparently old Joe is using Hillary Clinton's email scandal technique and claiming the intel community and every news agency believes its Russian misinformation, despite the fact it being validated by numerous … Read more

WHEN YOU IGNORE THE TRUTH, IT DOESN’T GO AWAY…

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San Francisco’s out of control crime no longer deniable. The Wall Street Journal is out this morning with a long feature about out-of-control crime in San Francisco. It is no longer possible to obfuscate the problem. Terry Asten Bennett’s family has been running Cliff’s Variety Store since 1936. In all that time, they’ve never experienced the amount of burglaries … Read more

Getting ugly out there… Traders and hedge funds still very bullish… The pandemic super bailout convinced gamblers they should never capitulate and never sell.

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getting ugly out there pic.twitter.com/eYHewcOMW0 — zerohedge (@zerohedge) March 21, 2022 $spx futures traders still very bullish pic.twitter.com/i3t6BaHP0x — Álvaro Oviedo (@alvoviedo) March 21, 2022 Despite Expecting A #Recession, Hedgies Are Loading Up On #Stocks In A Big Way, Trying To Front Run The Eventual Powell Pivot On QE & Rates – Despite Plunging Economic … Read more