by The Phoenix The market is now in very serious trouble. The bond market is NOT calming down. Last week the yield on the all-important 10-Year U.S. Treasury (the most important bond in the world) spiked to new highs for this bull run. Why does this matter? Because the yield on this bond represents the “risk … Read more
Marxists try to disrupt Mass at Cathedral of our Lady of the Angels. Security, ushers and parishioners said they were not having it.#cathedral #Catholic pic.twitter.com/HlN8yHxPKL — Romangod7 (@Romangod7) May 8, 2022 h/t CharlieFoxtrot
A bigshot Hollywood lawyer reportedly paid off Hunter Biden’s delinquent taxes — which a source told The Post amounted to more than $2 million — as President Joe Biden’s notoriously troubled son awaits the results of a Delaware grand jury’s investigation into his personal finances. Kevin Morris, an entertainment attorney and novelist who earned a … Read more
The Madison headquarters of Wisconsin Family Action, an anti-abortion group, was reportedly set on fire late Saturday night or early Sunday morning after vandals threw what is believed to be at least one Molotov cocktail at the building. Two staffers returned to the building for work mid-Sunday morning when they found the windows on one … Read more
Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight. Prices have surged to record levels, adding to inflationary concerns across the economy. The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst. Higher prices are “certainly going to translate into … Read more
by Syonoq The cocaine filled lust that the market has been market has been firing on for the last few years is going to stop. job market can’t stay hot forever. Housing market is going to feel the pain too. And we all know about inflation. Obligatory: I am retarded and not an economist. Uber … Read more
«Money doesn’t vanish into thin air, it goes into someone’s pocket.» «If Democracy can be destroyed in Greece, it can be destroyed throughout Europe»
Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources told CNBC’s David Faber. The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources … Read more
President Joe Biden is considering doing mass student-loan forgiveness, but “limited” to people who make less than $125,000 a year. That’s a clear sign he recognizes the horrible optics of debt-cancellation, which will largely benefit wealthier Americans. Yet the limit is a joke: Forgiveness would still help just the small minority of those who’ve gone … Read more
https://twitter.com/ZaidJilani/status/1523141676667072513 https://twitter.com/ZaidJilani/status/1523148311875751936 Tess
Some how I saw this coming. The king welcomed Turkish president a few days ago in a visit. MBS was no where to be seen. If you remember, Turkey was the center nation around the khashoggi incident which it blamed on MBS. The visit of Erdogan to king of saudi arabia and his reception was … Read more
Many more of us now look for online entertainment to provide the relaxation and downtime we all need. Furthermore, we want it to be as convenient as is possible and as such we look to go mobile for our media and entertainment. The super-fast growth of the online casino sector has made it ever more … Read more
Driving a car and getting auto insurance for that car go hand-in-hand. You can’t have one without the other. If you are driving, you need to have some form of insurance, and to get car insurance, you must have a car. While at first, it sounds obvious, there is a slight gap between these two … Read more
by Boo_Randy “And they started to fight when the money got tight…and they just didn’t count on the tears.” Billy Joel, “A Bottle of Red.” Heckova job, central bankers. https://www.news.com.au/finance/money/costs/wife-told-to-stop-spending-more-than-120-on-weekly-groceries-for-familyoffive/news-story/2aa13da73bc6da7214e8bf09609ab605 A husband has come under fire for demanding his wife stop “overspending” on weekly groceries for their family-of-five.
New Zealand is reaching new levels of insanity for absolutely no scientific reason AT ALL! pic.twitter.com/SiEGlwSrcH — Luke Rudkowski (@Lukewearechange) May 8, 2022
Even the China's numbers starting to show current lockdown effects https://t.co/P2dIRIjpKS — Lasse Willivuori (@willivuori) May 9, 2022 Spreads have widened considerably, and this will get worse once the ECB ends QE and starts hiking interest rates. Italian long-term bond yields are now 2 percentage points higher than for 🇩🇪 . This fragility will again … Read more
In Shanghai 63% of Japanese owned factories remain idle, with 28% below 30% of normal output. Meanwhile fences & razor wire are going up in parts of Beijing to keep people in their home & neighborhoods. This is a disaster for the global economy, it just hasnt been realized yet. pic.twitter.com/JhVA0YvWqE — Tarric Brooker aka … Read more
https://finance.yahoo.com/news/china-home-sales-tumble-33-005204953.html Read Article here *PBOC REITERATES THAT IT WILL NOT FLOOD ECONOMY WITH STIMULUS Bloomberg — Daniel Lacalle (@dlacalle_IA) May 9, 2022 h/t Shanobido47
by BoatSurfer600 So why does EVERYTHING feel like it's about meltdown? Piper Sandler chart pretty much explains it. Financial conditions were tightened gigantically and quickly by the financial mkts themselves. Liquidity destroyed in unprecedented fashion. Severe economic slowdown coming. pic.twitter.com/MVqhP2Ed3D — Dan Tapiero (@DTAPCAP) May 9, 2022 *BITCOIN DROPS AS MUCH AS 4.2% TO THE … Read more
