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The Bank of Russia delivered a smaller-than-expected increase in its key interest rate, while leaving the door open to more tightening after inflation hit a five-year high last month. The benchmark rate was raised by 25 basis points to 6.75% on Friday, a smaller move than the majority of the 44 economists surveyed by Bloomberg had forecast...
Following Mass Outrage, Fed's Kaplan, Rosengren Will Sell All Their Stocks Due To "Ethics Concerns"Sep 10, 2021 - 05:07:56 PDT
Subsequently it also emerged that Boston Fed president Eric Rosengren was also a Fed daytrader, further bolstering claims that not only is the market rigged and manipulated by the Fed but that it is rigged directly for the benefit of Fed members like Kaplan and Rosengren who - whether they intended or not - benefited monetarily from their own decisions and their inside information that nobody else was privy to.
Wall Street strategists are growing more concerned that a slowing U.S. economy could derail the stock market’s record run.
"Joe Biden told Americans when he was elected that he would not impose vaccine mandates. He lied,” McDaniel said in a statement, adding "Now small businesses, workers, and families across the country will pay the price." Republicans clapped back over the Biden administration’s unprecedented ‘jab or your job’ Executive Order for federal workers and...
‘Our Patience Is Wearing Thin’: Biden Outlines Plan To Mandate COVID Vaccines for MillionsSep 10, 2021 - 04:50:39 PDT
President Biden detailed a plan Thursday to raise Covid vaccination rates, pushing employers to immunize their staff and mandating shots for federal workers.
The U.S. will never transition to 100% Green Energy because that would consume orders of magnitude more than the global production of several strategic metals. However, this won't stop the U.S. Government from pushing forward its 100% Green Energy policy. I wanted to provide the Gold Members with a...
Sep 9, 2021 - 14:28:57 PDT
What happens when the biggest benefits cliff in US history collides with the biggest fiscal & monetary cliff ever ?Wealthion founder Adam Taggart provides a quick explainer video on one of the biggest stories not getting sufficient attention right now: the reduction & expiration of federal unemployment benefits to nearly 10 million Americans.
Since the last Insiders update, Mike Maloney has made several changes to his portfolio….
Sep 9, 2021 - 13:38:02 PDT
What happens when the biggest benefits cliff in US history collides with the biggest fiscal & monetary cliff ever?
Wealthion founder Adam Taggart provides a quick explainer video on one of the biggest stories not getting sufficient attention right now: the reduction & expiration of federal unemployment benefits to nearly 10 million Americans.
Sep 9, 2021 - 13:38:02 PDT
What happens when the biggest benefits cliff in US history collides with the biggest fiscal & monetary cliff ever?
Wealthion founder Adam Taggart provides a quick explainer video on one of the biggest stories not getting sufficient attention right now: the reduction & expiration of federal unemployment benefits to nearly 10 million Americans.
Gold futures finished higher on Thursday, after spending much of the session seesawing between gains and losses, as investors weighed a drop in weekly U.S. jobless claims to their lowest since the pandemic began and news that the European Central Bank will slow asset purchases.
Compelling data in recent Commitments of Traders (COT) reports point to the emergence of a very large buyer in COMEX gold futures -- as many as 40,000 COMEX gold contracts, the equivalent of 4 million ounces of gold.
On Tuesday, we went to our local Italian deli for the first time in a month or two and ordered our usual sandwich, expecting it to cost $11 like it did last time. It had taken us a while to get accustomed to paying $11 for sandwich that had been $8 a few years ago. On Tuesday, the price was $15.
Sep 9, 2021 - 13:07:12 PDT
Covid struck in early 2020 and The Fed spiked the punchbowl with a massive surge in M2 Money. Like a storm surge...
Sep 9, 2021 - 13:02:38 PDT
Face it, the 30-year Treasury market is not as interesting as widely-traded as the 10-year Treasury market. But we did see some interesting revelations in today’s 30 year Treasury auction.
Biden To Announce Mandatory Vax Plan; Psaki Bolts Over ‘My Body, My Choice' QuestionSep 9, 2021 - 12:40:57 PDT
President Biden will speak at 5pm ET, where he is expected to announce what's already been leaked - that most federal workers and contractors will be required to get vaccinated after a 75-day 'ramp-up' period. If workers decline to receive shots in that time frame, they will be subject to termination.
The European Central Bank will slow the pace of its pandemic bond-buying program in the final quarter of 2021, a shift President Christine Lagarde insists isn’t a move heralding a wind-down in stimulus for the euro-region’s still-vulnerable recovery. “The lady isn’t tapering,”...
Treasury yields fell ahead of a series of auctions that could help us get a sense of how much demand is out there for U.S. debt. Overseas, meanwhile, the European Central Bank kept rates unchanged but decided to dial back its emergency bond purchases, Reuters reported.
Rents Rise in All Big U.S. Cities for First Time Since Covid Hit: BloombergSep 9, 2021 - 12:18:54 PDT
The national average rent in multi-family buildings rose 10.3% from a year earlier to $1,539 -- the first double-digit rise in the dataset’s history -- after a $25 increase in August, the real-estate firm said. Over the past 10 years, the average pace of growth has been 2%.
The national average rent in multi-family buildings rose 10.3% from a year earlier to $1,539 -- the first double-digit rise in the dataset’s history -- after a $25 increase in August, the real-estate firm said. Over the past 10 years, the average pace of growth has been 2%.