Capitol Hill to Make First Attempt at Regulating Cryptocurrency

Sens. Cynthia Lummis and Kirsten Gillibrand introduced legislation Tuesday to create a regulatory framework for the crypto markets. The Lummis-Gillibrand bill would classify the vast majority of digital assets as commodities. The Responsible Financial Innovation Act would empower the Commodity Futures Trading Commission to regulate most of the industry. Sens. Kirsten Gillibrand and Cynthia Lummis … Read more

You don’t see this everyday…

COW LOOSE ON OKC HIGHWAY 🐄🤠 Sky 5 was flying over the moments when cowboys and emergency crews wrangled a cow that got loose on a busy Oklahoma City highway. https://t.co/pgZRNirP9R pic.twitter.com/NgnlgqiEEA — koconews (@koconews) June 6, 2022

The Fed cannot fix the supply-side driven inflation. The velocity of money is causing more inflation. This will all cause consumer spending to decrease, layoffs, and a deep recession likely for some time.

by stylishskunk Enough of “oh I don’t have a crystal ball”, blah blah bullshit. Let’s sum up what the fuck is going on. It’s bad. It’s getting worse. It’s getting worse quickly. Let’s look at the problematic topics in the economy right now…. 1) Inflation 2) Interest rates 3) Consumer Spending Firstly, inflation… obviously high. Going … Read more

Elon Musk sent a letter to $TWTR and SEC threatening to terminate his acquisition of Twitter after Parag Agrawal has ‘resisted and thwarted’ his efforts to understand the spam/bot problem.

by ReviewEquivalent1266 Elon Musk sent Twitter and the SEC a letter earlier today (June 6th, 2022) threatening to terminate his $44 billion agreement to buy the company based on Twitter’s refusal to provide information about the company’s massive spam/bot problem. According to the billionaire, Twitter has stonewalled his requests for information since May 9th and if they … Read more

A highly levered economic system literally doesn’t function when Treasuries and stocks correlate continuously on the downside.

https://twitter.com/leadlagreport/status/1534159210560339968 cost of money beginning to bitehttps://t.co/Y2ajk6DuDs — Jim Panzee (@Ozard_OfWiz) June 7, 2022 “Target’s struggle to adjust to rapid shifts in demand amid stubborn inflation that’s forced consumer spending into less-profitable staple goods and away from discretionary categories such as electronics and home products” – keep rotating pic.twitter.com/YSiW8w3GHu — Menthor Q (@MenthorQpro) June 7, … Read more

Democrats are panicked about November. That’s what all this is about.

Pfeiffer: "If you go to Facebook on a daily basis, the posts with the most engagement are from @benshapiro, @dbongino, @RealCandaceO … it should scare us the most that Ben Shapiro’s @realDailyWire has more followers than the NYT or CNN. That is a problem for democracy." pic.twitter.com/wuYLluaWLm — Tom Elliott (@tomselliott) June 6, 2022   … Read more

Transgenders now demanding Cash Reparations… We are women who have a penis…

Ganesha Gold Buffalo, a male-to-female trans “sex worker,” said that colonialism caused her to “[wake] up at four in the morning … to sounds of my ancestors screaming from outside my window.” She followed the voices into the woods and the “nature spirits” decolonized her mind. pic.twitter.com/d7akOHopbL — Christopher F. Rufo ⚔️ (@christopherrufo) June 6, … Read more

70 UK Firms Adopt 4‑Day Week

Thousands of workers across the United Kingdom are set to begin a four-day work week trial from Monday while still receiving 100 percent of their wages. The experiment has been arranged by not-for-profit organization 4 Day Week Global in partnership with the think tank Autonomy, the 4 Day Week Campaign, and researchers at Cambridge University, … Read more

US Real Estate Housing Bubble Far From Popping Despite Much Higher Mortgage Rates?

Jason Hartman interviewed by Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest, real estate expert, successful real estate investor and real estate investing educator, Jason Hartman https://www.jasonhartman.com/ For a 30-year, fixed-rate mortgage, the average rate you’ll pay is 5.35% which is up a lot in the last 6-8 … Read more

BLINK: Fed Delivers Fuzzier Rate Message

With half-point interest-rate increases all but certain in June and July, Federal Reserve officials are shifting the focus away from a destination on hikes to something that’s trickier to determine and explain: the broader impact of their policies on the economy. At the start of the hiking cycle, Chair Jerome Powell said the goal was … Read more