Thursday, November 3, 2022

The Fed chair was looking for evidence of transitory inflation for twelve months while actual, raging inflation was staring him in the face the whole time and he did nothing about it

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 In his testimony yesterday, Jerome Powell said he uses a table of the last twelve months of 12-month readings of inflation.  In other words...
Wednesday, November 2, 2022

Democrats simply hate big oil and are oblivious to the windfall profits of their pals in tech which dwarf those of the oil industry

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Capitol Police do another bang-up job, so to speak

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  Capitol Police cameras caught break-in at Pelosi home, but no one was watching... . . . hours after Pelosi left San Francisco last week a...
Tuesday, November 1, 2022

Democrats in Michigan incessantly advertise on YouTube against Republican John Gibbs in MI-3, featuring scarry pictures of a big, very black man with troglodyte views on women, abortion, and Medicare

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Your Democrat choice in the race is a very white female, a progressive extremist who served in the Obama Injustice Department and who was de...

Jim Cramer says the market is overbought so sell something, which means . . . it'll probably rally lol

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Sunday, October 30, 2022

At 194 at the January 2022 high or 139 at the October 2022 low, it's all the same to me

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Obscenely overpriced.    
Saturday, October 29, 2022

We have to draw a straight line from Bernie Sanders to the Republican Congressional baseball shooting where progressive James T. Hodgkinson tried to kill 24 Republicans

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  Swalwell: We Have To Draw A Straight Line From January 6th to Paul Pelosi Attack   There is no Wikipedia page for James T. Hodgkinson.    ...

Distressed debt reaches $271 billion after five straight weeks of growth

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 Growing Pile of Distressed Debt Signals Coming US Default Wave (Bloomberg) -- A heap of distressed debt is expanding in the US corporate bo...
Friday, October 28, 2022

Here's a nice shot of recession forecast as shown by US Treasury yield curve compression, daily view, 10/26/1999 through 10/26/2022

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Thursday, October 27, 2022

Fed Chair Ben Bernanke once famously said on 60 Minutes that if inflation ever got out of control they could raise interest rates in 15 minutes

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 The first Fed rate hike under Powell came in March when inflation was already way out of control, and Americans began loading up their char...

Nominal GDP is up $2.1 trillion in the last fiscal year, the national debt is up $2.5 trillion

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Wednesday, October 26, 2022

The Treasury yield curve compresses narrowly into a thin thread before recessions, so it looks like one is imminent

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Yield across the board right now is in the 4s except for one and two month money. The one year is the leader, roughly in the middle of the p...
Tuesday, October 25, 2022

The entire US Treasury yield curve bows and worships at the feet of the 1-year Treasury for an eighth day now, and you know what that means

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 When the upstart 1-year tries to compete with the long end, you in for a heap a trouble boy. Yippee-ki-yay.
Sunday, October 23, 2022

Sunday morning comedy from CNBC

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  There are only 4 U.S. cities where the average American can afford a starter home   Detroit, Tulsa, Memphis, and Oklahoma City   Pack the ...
Saturday, October 22, 2022

Rock-bottom yielding 30-year US Treasury from two years ago sold at pandemic sky-high price sells at a 50% discount

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Yippee-ki-yay.  
Friday, October 21, 2022

Inflation is the bill you pay later for the prosperity you borrowed now

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 Welcome to later.
Thursday, October 20, 2022

The US Treasury crash is epitomized by what's happened to Vanguard's long term Treasury mutual fund VUSTX

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                        The fund is down to $8.36 tonight, 2 cents away from its all time low set on October 19, 1987 at $8.34. That was 35 ...
Wednesday, October 19, 2022

This is a bitter anniversary of fear, and a day of loathing

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Exactly 35 years ago tonight this fund marked its all time low at $8.34 when stocks crashed 20% in one day, October 19, 1987. It happened be...

Bond vigilantes on the move everywhere

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 Yippee-ki-yay.    

The COVID-19 emergency continues to Jan 11 despite Biden saying the pandemic's over in September on 60 Minutes: They keep kicking the can down the road to avoid implications for vaccines

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 The FDA would have to use the normal process for approving the vaccines, and based on the corners cut to get the vaccines to market, that l...