Saule Omarova, President Joe Biden’s nominee for the office of the Comptroller of the Currency, withdrew her nomination Tuesday after Democrats and Republicans opposed her controversial views to eliminate community banks and fossil fuel companies…
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November Jobs Report Massively Misses Expectations, 210k Added vs 535k Anticipated, Financial Media Confused…
Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost. DUH!…
Republicans Will Vote Yea Like the Wet Noodles They Are!: Stopgap Funding Bill Includes $7 Billion for Afghans, $1.6 Billion for UACs…
A potential federal government shutdown is looming with funding currently set to run out at 11:59 p.m. on December 3, 2021. To avert a shutdown, House Democrats just introduced a bill that would temporarily extend government funding through February 18, 2022. But instead of a “clean” bill that retains the status quo, this bill includes additional funding for the visa-less Afghans the Biden administration allowed into the country after the botched Afghanistan withdrawal…
At 3:12 P.M. Yesterday, the Stock Market Changed Its Mind on another Four Years of Jerome Powell and Plunged…
Fed Chair Jerome Powell now finds himself in the same position as Morgan Stanley’s Howie Hubler and JPMorgan’s Bruno Iksil: he’s got a big trade on and no exit plan. The problem for the U.S. economy is this: Hubler and Iksil were gambling with billions of dollars. Powell is gambling with trillions of dollars. Powell’s Fed has effectively become the Whale in the U.S. debt market…
Oil Reserves Released by Biden Expected to Primarily Go to China, India…
U.S. taps 50 million barrels of oil from reserves in an attempt to tamper spiking costs at the gas pump…
Biden Drops Details on Strategic Petroleum Reserves, Then Flees from Media Questions…
As we noted earlier, Biden’s “exchange-based” release from the global SPR has been a dud, as oil prices surged on Tuesday after the administration confirmed plans for a record-setting 50M barrel release which is contingent on America’s ability to convince Japan, the UK and several other allies to engage in “global” swaps from the strategic reserves, for a total of 100 million barrels…
Pharmacy Chains CVS, Walgreens, Walmart Help Fuel Opioid Epidemic, U.S. Jury Finds…
CVS, Walgreens and Walmart said they would appeal the verdict, arguing it ran contrary to the facts…
Democrats Go Out on a Limb for Biden Nominee, Omarova: The Limb Snapped Yesterday…
Yesterday, at 11:41 a.m., as Cornell Law Professor Saule Omarova sat before the Senate Banking Committee for her confirmation hearing to head of the Office of the Comptroller of the Currency (OCC), the regulator of national banks, Republican Senator Tom Cotton Tweeted the following:…
The Ruling Class Has a New Message on Inflation: It may be painful, but it’s going to be good for you…
Tucker Carlson: The ruling class has a new message on inflation: it may be painful, but it’s going to be good for you…
‘Gimmicks’ in Reconciliation Bill Cover up over $1 Trillion in Spending…
Reconciliation bill has sunset provisions that ‘disguise the true cost of the bill,’ chamber wrote…
Biden Treasury Pick Wants to Bankrupt Coal, Oil, Gas…
President Biden’s controversial, Soviet-born pick to lead a key branch of the Treasury Department admitted in a newly unearthed video that she “wants” traditional fuel industries “to go bankrupt.”…
How 31 Republicans Just Betrayed The Country To Reward Illegal Immigration, Worsen Inflation, And Pay Off Democrats’ Donors…
A vote for the bipartisan infrastructure bill is a vote for Biden’s reconciliation legislation — the largest cradle-to-grave expansion of federal power since the New Deal…
Futures Fall, Yields and Dollar Jump Ahead of Highest CPI in 31 Years…
For the third day in a row, early weakness in futures – in this case as a result of China’s soaring, record producer price inflation – reversed and spoos rose from session lows but were still down on the session as traders awaited inflation data due later on Wednesday…
Inflation Soars 6.2% – Its Highest in 30 Years – As Price of Gas Jumps 59% and Meat 24%: Experts Predict President’s $1.2T Infrastructure Will Make Cost of Living Even Worse…
Inflation has reached its highest point in 30 years, as prices of everyday consumer goods rose 6.2 percent in October, with President Joe Biden’s $1.2 trillion infrastructure plan expected to make things worse…
General Electric to Split Into Three Public Companies…
General Electric announced Tuesday that it is splitting its large industrial company into three different publicly traded entities…
Transportation Secretary – Forget Gas Prices and Supply Chain Chaos, Bridges and Roads are Racist (VIDEO)…
Buttigieg declared that roads and bridges are racist. WATCH:…
Sunday Talks, Incompetent and Ideological Energy Secretary Says You Will Pay Historic Rates for Home Heating, and There Is Nothing They Can Do About It…
A comprehensively incompetent U.S. Energy Secretary, Jennifer Granholm, has the audacity to say that Biden’s administration has no responsibility for gas prices likely to reach $4/gal, and Americans this year are almost certain to pay historic amounts for home heating oil and natural gas…
The Inspector General Investigating the Trading Scandal at the Fed, Reports to Fed Chair Jerome Powell, Whose Own Trading Is Dubious…
Fed Chair Jerome Powell was quick to refer an investigation into the Fed’s trading scandal to the Inspector General of the Federal Reserve. Notably, he did not refer the matter to the U.S. Department of Justice which has criminal prosecution powers…
Job Creators Network Challenges Biden’s COVID Vaccine Mandate…
Employers with 100-plus workers must ensure all are either fully vaccinated or submit to weekly testing and mask wearing…
Barclays CEO Jes Staley Steps Down Amid Pressure Over Epstein Ties…
U.K. lender says regulators had made preliminary conclusions in investigation into relationship…
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