Rising Interest Rates Reach Extreme Resistance!

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by Kimble Charting It’s been a crazy past couple of years for the 10-year US treasury bond yields and interest rates. The crazy extremes have seen rates fall to near zero and his back up near 3 percent. We can see this in today’s long-term chart of the 10-Year US treasury bond yield. As you can see in … Read more

The Dam Is Finally Cracking: Creating “money” out of thin air and spreading it around to satisfy every constituency doesn’t increase productivity. It destroys productivity by incentivizing waste – the waste is growth Landfill Economy – and speculative bets on bubbles never popping.

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  The central bank problem will be impossible to solvehttps://t.co/3vbInmOcCl pic.twitter.com/0c4DW5nZVp — Patrick Artus (@PatrickArtus) April 21, 2022 https://twitter.com/FinanceLancelot/status/1517246146086854656 3% 5s pic.twitter.com/PYM5roCN45 — Ed Bradford (@Fullcarry) April 21, 2022 Exactly and bond term premia could have a lot further to fall if #Fed manages to strip $2tr from b/s https://t.co/rWONdqZBbM — CrossBorder Capital/ GLIndexes (@crossbordercap) … Read more

Inflation rears its head in central and eastern Europe

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Money printing coming home to roost. Poland has been trigger happy with profligate government spending for a decade now. They spend massively on "social programmes" which are various direct cash hangouts to the people. How could you not eventually get inflation like this? — Matt 🇬🇧🇵🇱🇺🇸🇨🇩 (@MattStirner) April 21, 2022

Karl Denninger Makes the Case that What NATO is Doing With Regards to Russia is Illegal: “NATO Is Invalid And The Nations In It Deserve What They Get

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NATO Is Invalid And The Nations In It Deserve What They Get [Comments enabled] Everyone wishes to argue “Article 5” of the NATO treaty, which is the mutual-defense pact. You get attacked and we all get attacked. Ok. What does Article I say? The Parties undertake, as set forth in the Charter of the United … Read more

It’s official: Wimbledon announces all tennis players from Russia and Belarus – including those who have publicly condemned the war – will be banned from competing. Includes numerous top players.

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REUTERS: Wimbledon, the world's most prestigious tennis tournament, to bar all Russian players They originally said they'd ban Russians unless they denounce Putin. Instead, they're banning all Russians, including those who bravely denounced the war:https://t.co/yZqZ99VpTg — Glenn Greenwald (@ggreenwald) April 20, 2022 "Wimbledon’s Decision to Ban Russian and Belarusian Players Is Indefensible" Good article by … Read more

Tennessee passes bill requiring drunk drivers to pay child support if they kill a parent

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The Tennessee legislature passed a bill Wednesday that would require drunk drivers to pay child support if they kill a parent and are convicted of vehicular homicide due to intoxication. The legislation passed through the Tennessee Senate on Wednesday following an amendment to rename the bill after the two daughters of state police officer Nicholas … Read more

Musk to explore potential tender offer for Twitter, has $46.5B in committed financing for deal

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Elon Musk is exploring whether to commence a tender offer for Twitter, according to a new securities filing. In an updated filing published Thursday, Musk said that given the lack of response from Twitter’s board, he is now exploring a tender offer to purchase some or all shares of the company directly from its stockholders. … Read more

Fed Finally Decided To Crash Stocks Today? Fed’s Powell: “It Is Appropriate To Be Moving A Little More Quickly On Interest Rates”

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FED'S POWELL: IT IS APPROPRIATE TO BE MOVING A LITTLE MORE QUICKLY ON INTEREST RATES || 50 BPS HIKES ARE ON THE TABLE, PARTIC FOR MAY MEETING — First Squawk (@FirstSquawk) April 21, 2022 Is today the day the Biden Fed finally crashes stonks — zerohedge (@zerohedge) April 21, 2022 I was just having lunch … Read more

The most busted name in news: CNN+ ‘is to be shut down by Warner Bros Discovery’ after just 150,000 people signed up. they put 250 million into developing it. The CFO resigned. Failed after just 21 days.

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JUST IN: CNN+ shutting down April 30th. Reminder, they put 250 million into developing it. The CFO resigned. — unusual_whales (@unusual_whales) April 21, 2022 JUST IN – WarnerBros Discovery terminates CNN+ streaming service at the end of this month, failed after just 21 days. — Disclose.tv (@disclosetv) April 21, 2022 https://twitter.com/NorthmanTrader/status/1517183390591733761 Warner Bros. Discovery is … Read more

Influencer with same name as ‘Libs of TikTok’ user blames Taylor Lorenz for cyberbullying

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Taylor Lorenz was blasted by an Instagram influencer who said she was being cyberbullied because she has the same name as the operator of the right-leaning Twitter account “Libs of TikTok” who was allegedly “doxxed” by the Washington Post reporter on Tuesday. Chaya Raichik, a stay-at-home mother of two children living in the United Kingdom, bears the … Read more