Biden’s ‘Orderly’ Afghan Exit Already In Peril As Suicide Attack Rocks Kabul After Biden broke the prior Trump administration’s long negotiated May 1st deadline pullout deal with the Taliban, it vowed a “nightmare” for US troops should they stay past that date. Are we witnessing the beginnings of a massive upsurge in violence to come? A major peace conference meant to bring…
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How Government Subsidizes Obesity Authored by Barry Brownstein via The American Institute for Economic Research, Austrian mathematician Abraham Wald was a World War II hero. He worked out of a nondescript apartment building in Harlem for the Applied Mathematics Panel. Wald’s ability to see the unseen was a significant factor in the Allied victory in World War II. Allied bomber…
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Senate Committee Passes Bill To Ramp Up Lethal Aid To Ukraine Russia hawks in Congress just escalated already soaring tensions along the Ukraine-Russia border, on Wednesday passing a bill which boosts “lethal assistance” in the form of additional military hardware as well as training for Ukrainian troops. The vote in the US Senate Foreign Relations Committee was unanimous in support…
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America’s “Helicopter Parent” Authored by Charles Hugh Smith via The Daily Reckoning, The decay of America’s middle class has been well documented and many commentators have explored the causes. This decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. The income of…
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Ethereum Erupts, Small Caps Soar As S&P Breadth Reaches Record High The tsunami wave of monetary and fiscal profligacy combined with an orgy of optimism about vaccinations and a post-COVID world, have sparked the broadest rally in the underlying components of the S&P 500 in history… (487 names on the S&P 500 Index have climbed above their 200-day moving average)…
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Millionaire Investors Pile Into Cash As Sell-Side Researchers Warn Of Market Turbulence According to a new E-Trade survey shared exclusively with CNBC, wealthy investors with at least a million dollars in investable assets are becoming less bullish on stocks in early April than they were at the start of 2021. The survey also revealed the number of respondents who went to…
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From Trees To Lumber, Sawmills Boost Profits As Crack Spread Erupts Lumber prices soared to new records on Tuesday morning but faded in the afternoon following new concerns of COVID-19 pushed commodities and equities deep into the red. In this commodity note, we’re going to concentrate on the lumber prices over the stumpage fee, the price a firm pays for…
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Every Physical Silver Ounce Has Been Sold Up To 1000x Authored by Egon von Greyerz via GoldSwitzerland.com, The silver price is today half of the January 1980 level. That was the peak at $50 which silver reached again 31 years later in 2011. But alas, the bullion banks, aided by the BIS (Bank for International Settlement) and central banks have…
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Federal Report Cites Numerous Failures At Baltimore Vaccine Plant That Ruined 15M Doses Federal regulators on Wednesday have issued critical findings from their inspection of the Emergent BioSolutions factory in Baltimore that caused a national uproar when it ruined millions of doses of COVID-19 vaccines from J&J and AstraZeneca (even though the latter haven’t yet been approved for use in…
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Russia-Ukraine Tension: The Current Stand Off And Potential Impact By Michael Every, Ryan Fitzmaurice, and Dennis Voznesenski of Rabobank (pdf link) Attention: Russia-Ukraine Tension: The current stand off and its potential impact Summary The long-standing conflict between Russia and Ukraine has flared up again, with huge Russian military deployments at the border. Russia has also closed the Kerch Strait into…
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More Americans Now Fear “Illegal Immigration” Than COVID, New Poll Finds Authored by Ben Wilson via SaraACarter.com, A new poll from Pew Research reveals that 48% of those polled believe illegal immigration “a very big problem,” while only 47% consider the coronavirus outbreak to their most pressing concern, which was a lower percentage of Americans than those polled last year. “The survey…
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Record Direct Bids Underscore Solid Demand For 20Y Auction After eight consecutive auctions which saw the yield on the recently reintroduced 20Y Treasury rise, moments ago we got the latest 20Y bond auction (in the form of the 19-year 10-month reopening of CUSIP SW9), which saw the first sequential decline in the auction yield, and with a high yield of…
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China Considering Huarong Bailout With $15 Billion PBOC Backstop To everyone who said that it was only a matter of time before Beijing blinked in its latest encounter with the harsh reality of market logic… congrats, you were right. One day after the latest report – this time from Reorg Research – that China was considering options for bad-debt asset…
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Foxconn Mostly Bails On $10 Billion Wisconsin Factory Taiwan electronics manufacturer Foxconn has all but bailed on a $10 billion factory in Wisconsin which was supposed to employ 13,000 workers – only to have been plagued with setbacks and confusion from the start. Under a deal announced on Tuesday with the state of Wisconsin, Foxconn will slash its planned investment…
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Fauci Falsehood #2316: It’s Not Republicans, It’s Millennials That Are Rejecting The Jab Having refused to provide a ‘science-based’ answer to Jim Jordan’s recent question of “when will we get our liberties back?,” Dr. Anthony Fauci (in between commenting on gun violence as “a national health crisis”), blamed Republicans, well, for pretty much everything. He-who-must-be-obeyed declared authoritatively: “The fact that…
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“Get The F**k Out Of New York!”: BLM Protesters Demand White Restaurant Owners Leave The City Authored by Paul Joseph Watson via Summit News, BLM protesters in New York reacted to the Derek Chauvin verdict by harassing diners and demanding white owners of restaurants “get the f**k out” of the city. Unruly protests broke out in numerous major cities last…
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Ether Outperforms Bitcoin; Guggenheim, JPMorgan Fear “Major Correction” In Crypto (Again) As Op-Ex Looms The last month has seen Ethereum significantly outperform Bitcoin and today is no different as Source: Bloomberg Some context for that move shows ETH is once again at a critical level relative to BTC… Source: Bloomberg As CoinTelegraph notes, one main reason why the altcoin market…
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US & Russia Won’t Have Ambassadors In Each Other’s Capitals As Tensions Simmer Authored by Dave DeCamp via AntiWar.com, Due to the hostile policies of the Biden administration, tensions between the US and Russia are soaring. Now, amid the souring relations, the two countries won’t have ambassadors in each other’s capitals, making diplomatic communications even more difficult. US Ambassador to Russia…
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WTI Rebounds After Gasoline Demand Jumps, Despite Crude Build Oil prices are lower this morning, but well off the plunge lows (below $61 for WTI) seen ahead of the US cash equity open as01 and ongoing demand fears from India (and China) weighed on prices. All eyes will be not only on the inventories but also on demand (as gasoline…
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“Record-Shattering Cold” Hits Central US An unusually cold front moved into the Central US early this week, spilling Arctic air throughout the Plains, Midwest, and Tennessee Valley. By Wednesday morning, “record-shattering cold” temperatures have been reported. From the Canada–US border to Texas, unseasonably cold air has been recorded. For many states in the Central US, temperatures are over 20 degrees below…
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