The Great Reset, Part V: Woke Ideology Authored by Michael Rectenwald via The Mises Institute, Read Part I: Reduced Expectations And Bio-Techno-Feudalism here… Read Part II: Corporate Socialism here… Read Part III: Capitalism With Chinese Characteristics here… Read Part IV: “Stakeholder Capitalism” Vs. “Noeliberalism” here… In previous articles, I’ve discussed the Great Reset and introduced several ways of understanding the…
2 total views
Seattle Homeless Shelter Gives “Booty Injection” Kits To Addicts America’s most liberal cities have transformed into ground-zero for what has become an all-out drug and homelessness crisis. Cities like Seattle, Washington, and others, are using taxpayer dollars to fund various types of programs such as needle exchanges and safe spaces to do drugs. A Seattle-backed homeless shelter called the Downtown Emergency…
6 total views, 1 views today
“Slippery Slope” – Vaccine Passports Are A Technical & Ethical Minefield Authored by Melinda Mills, op-ed via The Financial Times, I remember the evening a co-worker arrived at our door waving a phone, beaming “I’ve got it!” His Android mobile was the only way to use the UK government app that let EU citizens apply for UK settled status after…
3 total views, 1 views today
Biden Admits He Won’t Sanction MbS Simply Because Saudis Remain “Our Allies” The White House has issued a belated response – or ultimately a weak attempt at damage control – amid growing bipartisan outrage that despite his prior “tough” talk on the campaign trail to “hold the Saudis to account”, crown prince Mohammed bin Salman is getting off scot-free. “The Biden administration defended…
3 total views
After Record January Surge, US Spending Plummets In February… And It’s Not Just The Texas Freeze Unlike the recent retail sales report which stunned sellside expectations with a 5-sigma blowout beat, Friday’s personal spending report came in generally as expected, even if it too came in scorching hot, with personal incomes soaring 10% M/M and a whopping 13% Y/Y thanks…
3 total views, 1 views today
Former President Donald J. Trump speaks at CPAC in Orlando, Florida, on Sunday, Feb. 28, 2021. (Video screenshot) “Do you miss me yet?” That’s how Donald J. Trump began his first speech since leaving the presidency. It was like old times … familiar times. It was like the 2020 campaign season, listening to all those speeches when we knew we…
3 total views
AOC Blasts NYPD’s New “Robo-Surveillance Ground Drones” For Poor Neighborhoods Democratic Socialist Alexandria Ocasio–Cortez from New York ripped NYPD’s Boston Dynamics robot dog for ground surveillance of low-income neighborhoods. AOC quoted an NYPost article titled “Video shows NYPD’s new robotic dog in action in the Bronx,” where she was not fond of the “robotic surveillance ground drones that are being deployed for testing on low-income communities…
3 total views, 1 views today
(THE BLAZE) — The White House plans to roll out a new policy starting Monday that would charge journalists $170 to take a COVID-19 test every time they enter the grounds, and reporters in the press corps and beyond are not happy about it. The Washington Post revealed the plan, reporting that the Biden administration is getting pushback from media…
6 total views, 1 views today
Senate Democrats are shelving an effort to raise minimum wages for workers as part of the $1.9 trillion virus relief package that passed the House on Saturday, according to two people familiar with the matter.The plan included tax penalties on big companies that pay low… Source: News Max 2 total views
2 total views
China’s Bond Market Emerges As Safe Haven In Global Rout By Ye Xie, Bloomberg macro commentator and writer Three things we learned last week: 1. China’s bond market proved to be a haven in the global rout. In the global fixed-income selloff last week, yields on China’s 10-year bonds rose just 1 bp to 3.28%, compared with the 15 bps…
3 total views
Which Companies Are Most At Risk From Surging Yields: Goldman Answers For those living under a rock in 2021, the big story in the past month is that 10-year Treasury yield have climbed by 50 bps in a month to 1.5% (technically as high as 1.61% for a few brief seconds on Thursday after the catastrophic 7Y auction triggered stop…
2 total views
(WASHINGTON POST) — A fine dining restaurant in Providence, R.I., received more than $450,000 in federal small-business funds to help pay workers but still had to close its doors. A nonprofit overseeing the Kit Carson Home and Museum in Taos, N.M., welcomes visitors to learn about the famous frontiersman but listed just $17,000 in assets even after every bone-handled knife,…
4 total views
President Donald J. Trump shows a newspaper headline during his address Thursday, Feb. 6, 2020 in the East Room of the White House, in response to being acquitted in the U.S. Senate impeachment irial. (Official White House photo by D. Myles Cullen) By Andrew Trunsky Daily Caller News Foundation Former President Donald Trump endorsed a Republican primary challenger to Ohio…
4 total views
Futures Soar, Yields Plunge After RBA Panics And Buys Double The Amount Of Bonds In Daily QE On Thursday we reported that just three weeks after Australia’s central bank announced on Feb 1 an extension to its QE program by a further A$100 billion (when it also said it doesn’t expect to increase interest rates until 2024) in the pursuit…
4 total views
Marcus Mauling: Head Of Goldman’s Consumer Bank Leaving For Walmart Back in 2015, when Goldman stunned Wall Street with the taxpayer-backed hedge fund’s decision to roll out a consumer-facing commercial bank – Marcus – which offered “high yield” deposit accounts (of 1.25%) and consumer loans, at least Goldman had rising rates to fall back on: after all that was a…
4 total views
Hedge Fund CIO: “The Fed Will Never Again Cause A Market Collapse: The Next Crash Catalyst Will Be Trivial, Stupid” By Eric Peters, CIO of One River Asset Management “My beloved dogs Koji and Gustav were taken in Hollywood two nights ago,” tweeted Lady Gaga, the nation reverting to normal, images of the capitol insurrection, the horned Shaman, receding into…
4 total views
“Stick To What You’re Good At” – Global Soccer Superstar Slams LeBron’s Political Pandering Clash of the egotistical titans… Global soccer star Zlatan Ibrahimovic has a great deal of respect for the basketball skills of LeBron James, but wishes the Los Angeles Lakers star would refrain from remarking on political concerns. The historically outspoken Ibrahimovic, who’s a striker at A.C. Milan, spoke to…
2 total views
Financial False Hope, Part 1: “I Know You’re Lying…But, I Trust You With My Life!” Authored by Steve Penfield, Investing trust in the wrong people and policies can be ruinous. How much dishonesty does it take before the public stops putting blind faith in debt dealers, corporate crooks and the servile politicians who do their bidding? The widespread acceptance of…
4 total views
NBC’s “Saturday Night Live” faced protests outside its studio before the show’s latest episode over a recent joke about about vaccinations in Israel.Hours before Saturday’s show aired, a crowd led by former state Assemblyman Dov Hikind chanted “Shame on NBC!” and… Source: News Max 4 total views
4 total views
CTAs Are Going “All-In” Oil Two weeks ago when the world was still transfixed by the rolling squeezes of the most shorted stocks triggered by the WallStreetBets subreddit, we reported that JPMorgan said to ignore the spectacle du jour in the illiquid, left-for-dead smallcaps, and instead focus on what was coming: a coming massive, marketwide squeeze as quant, momentum and…
3 total views