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GOP Senators Introduce Bill To Block Biden’s 'Weaponization' Of IRS Bank Account SurveillanceSep 27, 2021 - 12:53:51 PDT
President Joe Biden’s proposal for a radical expansion of IRS monitoring of Americans’ bank accounts would be stopped in its tracks under a proposal introduced by two Senate Republicans concerned about protecting privacy rights.
Sep 27, 2021 - 12:30:21 PDT
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.
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate”...
I have written several letters on the theme that the best investment posture is cautious optimism. Pessimism and bearishness never get you in the game, while untamed optimism means that at some point, you’ll have a serious setback. The cautiously optimistic investor asks both, “What could go wrong?” and “What could go right?”
Sep 27, 2021 - 12:10:24 PDT
After re-reading these excellent articles on the housing bubble and crash, I thought I would take the opportunity to present a few charts to highlight the housing bubble, pre-crash and post-crash.
The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman.” Lehman Brothers was much more diversified than Evergrande and better capitalized.
Despite Over 95% Vaxx'd, Harvard Business School Shifts Classes Online After "Outbreak" Of COVIDSep 27, 2021 - 12:00:16 PDT
"In recent days, we've seen a steady rise in breakthrough infections among our student population, despite high vaccination rates and frequent testing," Mark Cautela, head of communications for HBS, told Poets&Quants.
China Power Crunch Spreads, Shutting Factories and Dimming Growth OutlookSep 27, 2021 - 11:43:01 PDT
Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut early as the economic toll of the squeeze mounted.
Pelosi Sets Thursday Vote on Infrastructure, Eyes Smaller Social Spending BillSep 27, 2021 - 11:42:03 PDT
U.S. House of Representatives Speaker Nancy Pelosi on Sunday set a vote on the $1 trillion bipartisan infrastructure bill for Thursday and voiced confidence it would pass.
Emerging-market investors are about to find out whether there’s more to worry about in China than just the Evergrande debt crisis.
Sep 27, 2021 - 11:36:50 PDT
"Say what they will about using the tax code to reduce income inequality, the fact is that multi-trillion dollar deficits have made politicians desperate for new sources of tax revenue. And, having eaten the rich, they’re now turning their eyes to the middle class."
42% of Americans Have Racked Up More Credit Card Debt Since COVID-19 BeganSep 27, 2021 - 11:30:50 PDT
Covid-19 has caused financial challenges for many individuals and families. Now one survey shows many are feeling the pinch with their credit card balances.
Wells Fargo Pays $37 Million To Resolve Justice Department Claims It Defrauded Currency CustomersSep 27, 2021 - 11:27:01 PDT
The bank allegedly overcharged 771 businesses on foreign-exchange transactions from 2010 through 2017, according to the U.S. Justice Department lawsuit filed Monday.
The Fed and its minions are about to get what they so richly deserve: the full blame for the coming catastrophe.
"Let's start with the Fed and inequality. I don't think there is any greater engine of inequality than the Federal Reserve Bank of the United States the last 11 years."
Suppliers in China for Apple, Tesla, Intel, Nvidia, Qualcomm, NXP, Infineon, ASE to Halt ProductionSep 27, 2021 - 09:24:54 PDT
The Everything Shortage keeps promising to keep getting worse.
Armed with a warrant, FBI and Drug Enforcement Administration agents spent five days ripping several hundred safety deposit boxes out of the walls and laying claim to its contents.
Sep 27, 2021 - 09:19:06 PDT
Paying no taxes is OK if you are in a Biden-favored group.
The trillions of dollars that have fallen into passive funds over the past year have inflated valuations, radically reformed the U.S. stock market and isolated it against the threat of a sustained bear market, research has claimed.
Without looking back, S&P 500 rallied in what feels as a short squeeze in ongoing risk-off environment. Daily rise in yields was not only unable to pr