Russia returning to GOLD standard

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đź’ĄBQQQQQQQM đź’Ą – La Russie revient Ă  l'Ă©talon-or – Le gouvernement va supprimer la TVA (taxe) sur les lingots. Ce projet de loi sera soumis Ă  la Douma d'État le 4 mars. pic.twitter.com/jHWyThLGnP — France RĂ©sistance (@FranceRsistanc1) March 3, 2022 Translation: View post on imgur.com   h/t jlee2027

Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast.

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Wow. The FRA-OIS spread has only moved this much over 5 days *twice* since 2008. Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast. pic.twitter.com/7xjotjPeGN — Michael Goodwell (@MichaelGoodwell) March 4, 2022 so in 2018 the fed hiked into weakening caused by a trade war…today … Read more

David Rosenberg: A recession is coming…

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So we have a war. A supply-induced oil price surge. A tighter Fed. Full employment. A flat yield curve. And an asset bubble. Sounds a lot like 1990! What came next? A recession. #RosenbergResearch #Ukraine — David Rosenberg (@EconguyRosie) March 3, 2022 Not every recession is led by a 50% rise in crude. But every … Read more

678k Jobs Added, 0% Growth In Earnings (MoM), Inflation Is 7.5% (REAL Wage Growth Negative -2.4%)

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by confoundedinterest17 Today’s jobs report is a mixed-bag. According to the February Bureau of Labor Statistics (BLS) report … The good: 678k jobs were added. The bad: Month-over-month wage earning experienced 0% growth (although YoY growth declined to 5.1%). The ugly: inflation is still at 40 years highs of 7.5%. Meaning that REAL wage growth is -2.4%. Here is … Read more

Canada trying to cancel Russia out of existence…

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https://twitter.com/LukeMiguez/status/1499541248658575361 A charter aircraft that carried Russian foreign nationals has been held at the Yellowknife airport. We will continue to hold Russia accountable for its invasion of Ukraine. — Omar Alghabra (@OmarAlghabra) March 3, 2022 🇷🇺Russian cats are banned from participating in exhibitions of the International Cat Federation until 31 May. pic.twitter.com/poMVTc4rHx — Sprinter Press … Read more

America’s Trade Deficit: An Enormous Concern

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by Antonius Aquinas Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.* Like the gigantic federal budget deficit, the trade imbalance is no longer talked about by the financial … Read more

OMG, it’s retarded…

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NBC asks Kamala Harris if Biden will sanction Russia's oil and gas industry. Harris responds: "As it relates to what we need to do domestically as well as what we need to do in terms of this issue generally, we have, as the president said, reevaluated what we're doing" pic.twitter.com/7ZRn9cIFiu — RNC Research (@RNCResearch) March … Read more

The Chop is Here and Next Comes the Final Puke

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by The Phoenix Three weeks ago, I told our clients that I believed the stock market would act in such a way as to induce the greatest amount of suffering to the greatest number of investors. This meant the market trading in a “chopping” fashion, moving in a large range designed to hurt bulls and bears alike. … Read more