US Domestic Bank Deposits Tumble As Money-Market Fund Assets Near Record-High Again
US Domestic Bank Deposits Tumble As Money-Market Fund Assets Near Record-High Again Money-market inflows continued for the seventh straight week getting close to $6.1 trillion… Source: Bloomberg As total seasonally-adjusted US bank deposits fell $41.5 BN… Source: Bloomberg While on a non-seasonally-adjusted basis, total US ban deposits rose $89BN…? Source: Bloomberg Excluding foreign deposits, domestic […]
“They Can’t Afford To Lose Their Grip On The Levers Of Power…”
“They Can’t Afford To Lose Their Grip On The Levers Of Power…” Authored by James Howard Kunstler via Kunstler.com, Time To Jettison The Animals “The old left had intellectual commitments that were false in interesting and theoretically stimulating ways. The new left demands adherence to lurid absurdities so preposterous that merely entertaining them induces nauseating […]
Payrolls Malarkey & Pussy Meltdown Prompts Market Mayhem
Payrolls Malarkey & Pussy Meltdown Prompts Market Mayhem Just when you thought you had the trend all figured out, “the most ridiculous payrolls report in years” combined with a “roaring kitty“ sparked utter mayhem across all asset classes. A week of weaker than expected data was met with a barrel of bullshit from the BLS […]
Trump Has Raised $400 Million In One Week
Trump Has Raised $400 Million In One Week Authored by Steve Watson via Modernity.news, On May 30th, Donald Trump was found guilty on 34 counts of… falsifying records of something, no one really quite knows what. A week later on June 6th, Trump announced that he has raised $400 MILLION since the verdict. Speaking at […]
Shock Decline In Credit Card Debt Is First Since Covid Crash, As Card APRs Hit New All Time High
Shock Decline In Credit Card Debt Is First Since Covid Crash, As Card APRs Hit New All Time High On a day when the jobs report was a “pick your adventure” in economic analysis, and signaled either a very strong job market (if you looked at the Establishment survey) or a dire one (if you […]
Nvidia’s Animal Spirits
Nvidia’s Animal Spirits Submitted by QTR’s Fringe Finance As of yesterday, Nvidia has surpassed Apple as the world’s second largest company, trading above a $3 trillion valuation and now single-handedly accounting for 6.5% of the S&P 500’s weight. This chart from Zero Hedge shows Nvidia in black: Source: Zero Hedge Nvidia CEO Jensen Huang signing the tits of […]
Houthis Tout Radar-Evading ‘Palestine’ Missile That Resembles Iranian Hypersonic
Houthis Tout Radar-Evading ‘Palestine’ Missile That Resembles Iranian Hypersonic Yemen’s Houthis have for the first time announced a strike on Israel that was coordinated with allies in Iraq, namely the ‘Islamic Resistance in Iraq’ – an umbrella organization of Iran-linked Shia paramilitary groups. The leader of Yemen’s Houthi militia, Abdul Malik Al-Houthi, announced Thursday, “Today […]
Are They Trying To Start A Nuclear War?
Are They Trying To Start A Nuclear War? Authored by James Rickards via DailyReckoning.com, The steady path toward World War III continues. U.S. and NATO support for Ukraine in the war with Russia has been one long failure, but that hasn’t stopped them from escalating the war with new weapons and tactics. Russia has met […]
Heir To Jose Cuervo Fortune Has Amassed A More Than $1 Billion Commercial Real Estate Portfolio
Heir To Jose Cuervo Fortune Has Amassed A More Than $1 Billion Commercial Real Estate Portfolio Juan Beckmann Vidal, the heir to the Jose Cuervo tequila fortune, has been amassing a portfolio of commercial real estate in the United States over the last 15 years, according to a new report from Yahoo/Bloomberg. He’s put together […]
Presidential Campaigns And Technological Advances
Presidential Campaigns And Technological Advances Authored by Adeline Von Drehle via RealClearPolitics, The Biden campaign is looking for a meme manager. We laugh, because it’s outrageous. Yet even a candidate older than the computer itself understands that a changing technological landscape calls for new campaign tactics. It is a tale originally told on radio waves. […]