Not sure how anybody can take this Harris-Walz economic proposal seriously…
Finance
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Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told…
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it….
Core Consumer Prices Hit New Record High – up for 50th Straight Month…
Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021…
Eric Trump Previews Major Trump Org Move into Crypto as He Charts the Family Company’s Future…
Looking more and more like cryptocurrency is going to be in American’s future….
FLASHBACK: Kamala Harris Cast the Tie-Breaking Vote to Let the IRS Track Workers’ Tips to be Taxed (VIDEO)…
“Two years ago today, I proudly cast the tie-breaking vote to pass our Inflation Reduction Act,” Kamala Harris boasted last week on Facebook. The so-called ‘Inflation Reduction Act’ added more than 80,000 new IRS agents to the agency to track tipped workers and $600 Venmo payments….
These FDIC-Insured Banks Have Lost 69 to 40 Percent of Their Market Value Year-to-Date…
Here’s a look at three FDIC-insured banks that have lost 69 percent, 57 percent and 40 percent, respectively, of their share price year-to-date. The decline represents the change from their share price at the close on the last trading day of 2023 (Friday, December 29) and their close yesterday, (Monday, August 12, 2024)…
FTX Ordered to Pay $12.7M to Customers, Fraud Victims…
The now defunct cryptocurrency exchange FTX and its sister company Alameda Research have been ordered to pay $12.7 million to their customers and fraud victims, the Commodity Futures Trading Commission (CFTC) announced Thursday…
Global Markets Rebound After Historic Bloodbath, Japan Soars…
After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
Larry Kudlow: Recession Risk Grows Larger and Stocks Are Getting Clobbered…
It’s a shakier economy than the media admits, Kudlow says…
And Suddenly Things Change…
“The global economy is becoming unburdened by what has been.” — Jordan Schachtel on “X”…
All the Ex-President’s Men* at Jared Kushner’s Affinity Partners…
Members of Congress – Democrats and Republicans – have expressed concerns about Jared Kushner’s acceptance of a $2-billion investment from Saudi Arabia in his private equity firm shortly after he left the White House…
President Trump Announces New Policy Proposal – No Taxes on Social Security for Seniors…
The T-Room.us supports this policy due to the fact Seniors have already spent a lifetime paying the beast known as taxes. Why should they pay taxes on their Social Security income. Seems rather silly to us…
Big Miss on Unemployment, Jumps to 4.3%…
Illegals are doing great in getting jobs in today’s market but American born, not so much…
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed’s Gold, Draft Bill Shows…
The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk…
Bolivia Lifts Ban on Bitcoin, Authorizes Crypto Transactions via Banks…
The change in regulatory stance marks the end of a ban on crypto use in the country in place since 2014…
U.S. Households Lose More Than $15,000 a Year, Thanks to Biden Admin Regulations, Report Says…
Federal regulatory costs tax the average American household more than $15,000 per year under the Biden administration, according to a Competitive Enterprise Institute annual report released Tuesday….
Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench U.S. Financial Hegemony…
Trump’s recent speech on bitcoin and crypto embraced policies that will seek to mold bitcoin into an enabler of irresponsible fiscal policy and will employ programmable, surveillable stablecoins to expand and entrench dollar dominance…
Bitcoin Tumbles Below $67K as U.S. Government Moves $2B of ‘Silk Road’ Tokens…
The government is the owner of about $12 billion worth of seized bitcoin, according to Arkham Intelligence….
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