she kept pushing Trump to bomb Syria to smitherins like Afghan, Iraq & Libya. & when he wouldn’t she quit. Look where all that bombing got us in the mideast? Was the ME just one big bombing field to dispose of bombs so we can put more in production.#peopledied
I sense a theme here... The consumer is getting tapped out. I'd continue to watch the divergence between the Dow and the NASDAQ as significant esp. in light of European data.
Again there will be no pivot from the Fed. And the Treasury will just have to accept the IOUs.
This is why QT has to continue. The Fed should now switch from passive roll offs to active selling, esp. with the deep 2/10 inversion.
First rule of trading, sell into strength
1/9
above this "doom chart" that FinTwit likes to send around.
It is not what you think, the Fed change the accounting making this chart highly misleading.
So, what does it really mean? ...
@LynAldenContact
Yesterday at the gym a guy who’s been a regular at the 9 am class for over a year told the instructor, “I can’t come anymore—been doing this on work hours but I’m called back into the office”
Others in class piped up, “Oh, I’m working (air quotes) now too”
We need a recession
Not that these people are any good at this type of forecasting (These GDP projections are never right) but the message is very clear....
.... Sanctions have failed.
If gold is being re-monetized by the east, what does that mean for silver?
Fortunately that's what Vince Lanci talks about in today's show.
Going live at the top of the hour!
https://youtu.be/Acb0ZvC2fdQ via
Russia and Iran just connected all their banks.
This is their middle-finger to SWIFT
52 Iranian banks under SEPAM and 106 Russian banks under SPFS can now talk to each other
Weaponizing SWIFT and the US Dollar is speeding up the birth of a new system where sanctions don’t work
Whatever happened to "Don't Fight the Fed?"
Wolf's got some good questions about that. When everyone was levering up ZIRP bucks, don't fight them. When the Fed says, "we're serious, no more ZIRP bucks."
Everyone's like "fight me, bro!"
🇪🇺⚡️The International Platform of Insects for Food and Feed (IPIFF) has paid over 1 million euros to the European Commission (EC) for lobbying to accept regulations allowing the consumption of insects and adding them to food and feed.
1/9
#food#insect#ipiff#schwab
This is 100% correct. It took until November 22, 2021 for Biden to officially nominate Powell. Up until then Powell was married to the word “transitory” and no talk of hikes. One week later? BOOM! His job was secure and he began what he wished he could have done months earlier.