Biden lifted sanctions for Russia’s Nord Stream 2 despite shutting down U.S. pipeline…
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Judge Blocks Biden Administration from Doling Out Grants Based on Race, Gender…
A federal judge in Texas this week blocked the Biden administration from prioritizing grants in a COVID-19 restaurant relief program by their race or gender…
After Being Declared ‘Dead’ For the 414th Time, Crypto Markets Are Roaring Back…
The ripples created by the cryptocurrency market crash which saw $1.1 trillion eviscerate from the global market cap in a matter of days continued to reverberate on Wednesday, as a majority of coins experienced notable rebounds…
AT&T CEO Admits Deal to Buy Time Warner Was a Bad Decision Costing Shareholders Billions…
AT&T CEO John Stankey said he is ‘sad and disappointed’ it didn’t work out…On Monday, AT&T announced that it was spinning off all of the WarnerMedia assets it acquired in the deal…Now, AT&T is worth $39billion less than it was in 2016 – when it announced the Time Warner bid – and $65billion less than it did in 2019 – after the deal was done…
East Coast Fuel Supplies Could Take Two WEEKS to Return to Normal Say Experts: Pipeline Begins Slow Restart After Hack…
Colonial Pipeline has begun a system restart that will take several days to restore normal operations…Key fuel pipeline was taken offline last week by ransomware attack from Russia-linked hackers…On Thursday morning, half of all gas stations in DC, Florida, Georgia, Virginia and South Carolina were dry…
Data Shows Massive Inflation Starting to Bite Middle-Class Hard, Unleaded Regular Gasoline Up 52 Percent, Fresh Fruits and Vegetables Rising Fast…
As expected the high-turn consumable goods are starting to rise in price rapidly. The Bureau of Labor and Statistics (BLS) has released the consumer price analysis from April (remember there’s a big lag)…
Big-Tech Bloodbath Continues After Biggest Sell-Program in History…
After yesterday’s ugliness in big-tech and small-caps, many hoped for a bounce today. But the combination of ARKK gamma and CTA deleveraging meant the pain was not over and both Nasdaq and Russell 2000 plunged into the cash market open (after getting hit as the Asia open and European open)…
It’s Only Been 4 Months: JoeBama Shuts Down Keystone Pipeline, Gas Prices Are Highest in 6 Years, Gas Stations Are Out of Gas, and Now Gas Lines Seen in Several States…
On Joe Biden’s first day in office, he shut down construction of the Keystone Pipeline. Canceling the Keystone Pipeline costs over 11,000 construction jobs and 42,100 jobs throughout the US during the construction process…
Why No One Needs to Work in Biden’s America: Experts Project Anyone Who Earned $32,000 Before Covid Could Now Earn MORE in Benefits Staying at Home…
The average weekly unemployment benefit is now $638 – $300 more than what it was 2019…That means people are earning around $16-an-hour – more than double minimum wage which is at least $7.25 across America…It is creating a nightmare scenario for the economy; businesses are desperate to recover from the pandemic but they can’t fill their jobs…
Shhh! Don’t Tell Congress that the Cabal It’s Investigating Over GameStop and Archegos Quietly Got SEC Approval to Jointly Run their Own Stock Exchange…
The implosion of the Archegos Capital Management family office hedge fund in March, which has generated losses of more than $10 billion thus far at global systemically important banks, will likely be a key topic when the Senate Banking and House Financial Services Committees haul Wall Street bank CEOs to hearings on May 26 and 27, respectively…
THREAD: JoeBama’s Long List of Tax Increases…
President @JoeBiden is out this morning with a monster list of tax increases. Here they are in a thread for your convenience. 1/…
Liquidity Tsunami Ends With a Bang: Treasury Expects Just $100BN in Cash Injections Next 2 Months…
Three months ago, the Treasury surprised markets when in its quarterly borrowing forecast, it revealed that in the first calendar quarter of 2021, it wouldn’t need to borrow as much debt as it had recently because the Treasury’s cash balance (held in the Treasury General Account, or TGA, which is simply the Treasury’s cash balance held at the Fed) would plunge to just $800 billion, down a record $929BN from $1.729 trillion at Dec 31, 2020…
Federal Reserve Will Support JoeBama Economic Agenda by Allowing Rapid Inflation, Diminished U.S. Worker Purchasing Power and Pain Upon Middle Class…
The federal reserve has announced they will support the economic agenda of the Biden administration by allowing rapid inflation. The FED is trying to provide cover for JoeBama’s economic plan. The era when the FED could impact inflation is long past. However, the Joe Biden policy impact will be clear, immediate and concise. The U.S. middle-class and blue-collar worker are about to be crushed under rising prices for consumable products…
White Farmers Sue JoeBama Administration, Say Covid Debt Relief Program for Only Farmers of Color Is Discriminatory…ALL Taxpayers Are Paying for This, Right?…
White farmers in four Midwestern states and a conservative law firm are suing the Biden administration over a loan forgiveness program that provides relief to agriculture producers of color…
Alex Oh: The Strange Case of the SEC Enforcement Chief Who Beat a Hasty Exit After Six Days on the Job…
Less than seven hours after Wall Street On Parade ran our negative critique on SEC Chairman Gary Gensler’s pick to be the top crime fighter at his agency, Alex Young K. Oh abruptly resigned that position after just six days on the job…
Value Investing Icon Jumps Off Manhattan Skyrscraper to His Death Days After Liquidating Fund…
Desperate analysts languishing on the bottom rung of finance’s long career ladder aren’t the only ones committing suicide anymore…
JoeBama Puts ‘Finance Legend’ Allied w/Chicom Company in Charge of Energy Loans…
This green graft industry would not exist if not for an imaginary crisis and “all-out war”. And in the “all-out-war” against the weather and the atmosphere, the first casualty is the truth. The second casualty is the economy. The third casualty is America…
Obamanomics vs MAGAnomics – Biden Tax Plan is Part of Intentional Effort to Force The U.S. into a Service Driven Economy, Again…
Let’s start by being intentionally direct with each other. The JoeBama tax proposals are not accidental or misguided; far from it. The intent of Obama’s third term economic policy is to return to forced globalism and diminished U.S. middle-class prosperity…. the often mentioned “service driven economy.”…
GOP Lawmakers Put Forward $568B Infrastructure Bill for Roads, Bridges, Public Transit, Airports and Broadband ONLY…
The GOP proposal calls for spending on roads, bridges, public transit, airports, broadband and more…
“Way to Go Joe!” – Bonds Bid As Biden Tax Plan Tanks Stocks…
A Bloomberg report suggesting Biden will pay for some of his “infrastructure” bill by doubling the capital gains tax for high income Americans sparked some brief unrest in US equity markets today…Nasdaq was the hardest hit on the day but we note that Small Caps were sold most after the Biden headline…
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