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House Democrats Quietly Insert a Ten-Fold Increase in OSHA Violations into 3.5 Trillion Human Infrastructure Reconciliation Bill…

Nancy Pelosi and the House Democrats are attempting to change the OSHA fines within the section of labor law that applies directly to the mandatory COVID vaccine. The scale of the fines is massive against any business that does not comply with the anticipated OSHA rule which is yet unannounced; and they are attempting to slip the OSHA change into the massive $3.5 trillion infrastructure bill…

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Robert Kaplan Was Trading Like a Hedge Fund Kingpin for Five Years while President of the Dallas Fed; a Dozen Legal Safeguards Failed to Stop Him…

Dallas Fed President, Robert Kaplan, wasn’t just trading like an aggressive hedge fund kingpin in 2020, he’s been doing the same thing for five years at the Dallas Fed while simultaneously having access to non-public, market moving information from the Federal Reserve’s interest-rate setting FOMC meetings and other confidential communications…

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And Another: Shanghai-Based Property Developer Crashes 87% in Minutes Before It Was Halted…

It’s not just Evergrande that is about to keel over. Overnight, one of its smaller peers, Shanghai-based Sinic Holdings Group which focuses on the development of residential and commercial properties in China, was halted trading after it shares cratered in a freak 87% plunge on Monday afternoon. The plunge slashed the market value to just under $230 million, which is laughable for a listed developer in the city…

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Goldman Issues a Dire Warning on China’s Property Sector…

No matter how the Evergrande drama plays out, whether it culminates with an uncontrolled, chaotic default and/or liquidation which sparks a crash in real estate values, or with Beijing blinking and bailing out the core pillar of China’s housing market, remember that Evergrande is just a symptom of the trends that have whipsawed China’s property market in the past year, which has seen significant contraction as a result of Beijing policies seeking to tighten financial conditions as part of Xi’s new “common prosperity” drive which among other things, seeks to make housing much more affordable to everyone, not just the richest…

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Brace For Buyback Tsunami Following Record Flood Of Corporate Bond Issuance…

While traders were focused on today’s ECB meeting and the (spectacular) 30Y auction which initially pushed yields higher on supply concerns only to see them slide right back down after the huge buyside demand for ultra-long dated paper, the real action was in corporate bond land where the last few days have seen an unprecedented borrowing binge…

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Banking Giant UBS Bucks Vax-or-Ax Sweeping U.S. and Will Allow Worker Who Are Choosing Not to Get Vaccinated to Work from Home…

UBS bank will allow more than 25,000 U.S. workers to work from home if they decided not to get vaccinated against COVID-19…The move comes as major employers in the U.S. impose their own vaccine mandates for workers to be vaccinated by September and October…Goldman Sachs, Morgan Stanley and Citigroup have said the vaccine would be mandatory for all U.S. employees…

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U.S. Treasury Freezes Billions in Afghan Reserves, Depriving Taliban of Cash…

After handing the Taliban US-supplied military hardware on a silver platter thanks to the botched Afghanistan withdrawal, the Biden administration scrambled to deprive the terrorist organization of funding – freezing Afghan government reserves held in US bank accounts, and blocking the Taliban from accessing billions of dollars held in US institutions, according to the Washington Post, citing two people familiar with the matter…

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Producer Price Index Records Highest Inflation Rate in History Since Tracking Began…

The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final. The Bureau of Labor and Statistics (BLS) released stunning price data [Available Here] showing a dramatic 7.8% price increase in Final Demand products at the wholesale level…

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