Remember, you are a sovereign individual and the blob in our nation’s capital city is an undifferentiated mass of feckless protoplasm. You contain a cosmos of ideas and aspirations. The blob is an agglomeration of sham and failure. The blob stands for itself, not for our country. You and I can stand for our country…
Now It All Makes Sense…
What we find is that the main economic events that took place were the ISM Services on Dec 5, the November Payrolls report on Dec 8, the University of Michigan Consumer Sentiment report, the CPI report on Dec 12 (and let’s add today’s retail sales data just for additional context)…
Gold Drops After Spiking To Record High of $2,130…
… is all too real because suddenly everything that is non printable is soaring, starting with gold, which has exploded as much as $60, spiking to a new all time high of $2,135…
Interest Rates Soar to Highest Level Since 2001 — Here’s What It Means for Your Pocket…
The Federal Reserve has raised interest rates by a quarter percentage point, taking benchmark borrowing costs to the highest level in more than two decades…
New Evidence Emerges that the Investigation of the Fed’s Trading Scandal by the Inspector General Has Been a Coverup from the Beginning…
While multiple Wall Street watchdogs called for Powell to refer the investigation to the U.S. Department of Justice and the Securities and Exchange Commission – which conduct all legitimate insider trading investigations involving publicly-traded stocks — the Fed instead referred the investigation on October 4, 2021 to the Federal Reserve Board’s own Inspector General, who is appointed by the Chair of the Fed, reports to the Fed Board (including the Chair) and can be fired by a two-thirds vote of the Fed Board…
PacWest Shares Crash After Reporting Deposit-Flight Accelerated Last Week…
Despite all the protestations from talking heads, it appears the reality is that the US bank deposit run is far from over…
“A Lot More Bodies Coming” – Druckenmiller Warns of “Hard Landing”, Blasts Fed “Free Money” Making People Do “Really Stupid Things”…
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a “hard landing”, and warning that “there’s a lot more bodies coming” with regarding regional banks and corporate bankruptcies…
Here We Go Again: Troubled California Bank PacWest Craters 60% on Report It Is Seeking Buyers or Capital Raise…
Well, as usual, the narrator was right, because while Powell’s lies were still ringing in our ears, the next regional bank collapse was on its say. Shortly after the close, Bloomberg reported that another regional, California-based bank (of course), PacWest Bancorp., was weighing a range of strategic options, including a sale…
Fed Hikes 25bps As Expected, Signals ‘Hawkish Pause’; Warns of ‘Tighter Credit Standards’…
Federal Reserve hikes 25bps as expected…
Russian Pranksters Strike Again – Chairman of the Federal Reserve Jerome Powell Was Their Target…
Russian pranksters Vovan and Lexus ensnares Chairman of the Federal Reserve Jerome Powell in a 16-minute phone call who believed he was talking to Ukraine’s President Volodymyr Zelensky…
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