Travel between New York City through Connecticut on I-95 is going to be brutal in the coming days. A tanker carrying 8,500 gallons of gasoline blew up into a massive inferno after hitting a truck and a passenger vehicle. Thank goodness no one died. But traffic re-routes, oh man, on I-95 in Connecticut is every driver’s worse nightmare…
Finance
Latest News
Analysis Confirms Biggest Winners in Biden’s Student Loan Giveaway…the RICH!…
When you’re making $300k or more annually maybe you shouldn’t celebrate that your student loan debt was canceled by Biden because in reality it’s the guy fixing your faucet leak, or the landscapers keeping your lawn green or even the electrician who keeps your lights on is paying for your debt. A debt they were wiser than you to avoid…
Taper ‘Tantrum-ette’ – Stocks Pump’n’Dump As Fed ‘Eases’ Balance-Sheet Pressure…
The bigger than expected QT taper announcement juiced markets (stocks and bond prices up, dollar down) into Powell’s press conference, then got spooked lower as he admitted “inflation has shown a lack of further progress… and gaining confidence to cut will take longer than thought.”…
Trump Allies Draw up Plans to Blunt Fed’s Independence…
Some Trump advisers argue that the president should be consulted on interest-rate decisions…
Affluent Americans Are Driving U.S. Economy and Likely Delaying Need for Fed Rate Cuts…
Wealthy, older Americans are fueling a sustained boost to the U.S. economy…
Robert F Kennedy Jr Wants to Put the Entire U.S. Budget on a Blockchain…
Robert F. Kennedy Jr. “We’re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it.”…
Smart Meters Could Soon Cost You a Whole Lot More…
The Department for Energy Security and Net Zero has put forward proposals to equip smart meters and electric appliances with technology to allow Uber-style surge pricing for electricity, where the price of power will vary on a half-hourly basis…
War on Gas: Biden Dramatically Increases Oil Drilling Costs in Heartless Move…
Even as gas prices were already skyrocketing, putting a bigger burden on Americans, President Joe Biden is now ramping up his war against oil by instituting an increase of 33 percent on gasoline production by raising government fees and other obligations, some for the first time in more than 60 years…
Gold Has Set Historic Highs this Year as the Federal Reserve Has Reported Historic Losses…
According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent basis since September 28, 2022…
Stanford Finance Professor Anat Admati Is Making Jamie Dimon Very Nervous – Again Calling His Bank “Dangerous”…
Stanford Finance and Economics Professor Anat Admati has been valiantly attempting to save the American financial system from the corrupting influence and disinformation campaigns of men like JPMorgan Chase’s Jamie Dimon for more than a decade. Her voice is gaining traction and that’s making Dimon very nervous…
What Happened to Bitcoin?…
Those who involved themselves in Bitcoin markets after 2017 encountered a different operation and ideal than those who came before. Today, no one much cares about what came before, speaking of 2010-2016. They are only watching the upward price momentum and are thrilled for the increase in the asset valuation of their portfolio…
Inside the Federal Reserve…
Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.”…
Stocks Surge, Goldgasms to Record High After “Adjusted” PPI Sparks Buying Frenzy…
…while anyone with half a brain could quickly see through the PPI bezzle, that clearly did not apply to the algos, such as this one…
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting…
As of last Wednesday, according to Fed data, the Fed was sitting on $6.97 trillion of debt instruments it had predominantly purchased at very low fixed rates of interest…
Biggest Corporate Welfare Scam of All Time…
President Joe Biden keeps lecturing corporate America to “pay your fair share” of taxes. It turns out he’s right that some companies really are getting away scot-free from paying taxes…
“Obviously, This Is Very Bad News for Biden”: Wall Street Reacts to Today’s Red Hot inflation Print…
Coming into today’s CPI number, which followed three previous red-hot inflation prints, we said that it’s time for a “miss” (the first of 2024) not because the data demands it – on the contrary, prices continue to rise at a frightening pace – but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for a rate cut calendar ahead of November’s election…
When Is The Next Bitcoin Halving?…
The next Bitcoin halving is anticipated to take place on or around April 20, 2024 EST, reducing the block reward from 6.25 to 3.125 BTC…
Behind Friday’s Stellar Jobs Print: It Was Literally ALL Part-Time Jobs (AND Illegals)…
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster…
‘Animal Spirits’ Update (Or Reflections On Another Fake Unemployment Report)…
Yet another fake unemployment report…
Meet the ‘Disconnected Youth’: A Growing Group of Gen Z’ers Who Aren’t Working or Going to School…
One in three Americans ages 18 to 24 have no income, according to a new report.
Younger Americans are also increasingly depressed and not enrolling in college.
An analysis from the St. Louis Federal Reserve looks at the fate of younger workers.
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