Going Cashless: EU Is Pushing To Criminalize Use Of Physical Cash

As Central Banks assert control while making way for their dystopian Central Bank Digital Currencies, governments are moved to criminalize the use of cash. It’s an incremental squeeze, lowering the levels of permitted transactions. The war on cash is global, making it obvious that this is a key part of flipping the world into scientific […]

Did SVB break the Fed? Officials mull risks of more rate increases

By Howard Schneider WASHINGTON, March 20 (Reuters) – At an early January meeting of the Virginia Bankers Association, executives were already nervous that Federal Reserve interest rate increases were making it hard to compete for deposits. “Everywhere I go in the industry people are feeling that kind of pressure,” the featured speaker of the day, Richmond […]

Media stocks lost over $500 billion in value this year — here’s what happens next

Alexandra Canal ·Senior Reporter Mon, December 26, 2022 at 6:45 AM EST·7 min read The media industry has battled a tumultuous 2022. Rising costs, debt-ridden balance sheets, and a renewed focus on profitability weighed on the embattled sector as investors quickly punished companies struggling to turn a profit. Netflix (NFLX) shares are down about 50% […]

Real US Retail Sales Tumble (Again) In September

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US retail sales were expected to rise 0.2% MoM in September but instead were disappointedly unchanged. On a year-over-year basis, retail sales (nominal) rose 8.2%, the weakest since April Source: Bloomberg Ex-Autos and Ex-Autos and Gas both rose more than expected (+0.1% vs -0.1% exp and +0.3% vs +0.2% exp respectively). On a YoY basis, […]

Morgan Stanley Slides After Equity Trading, Investment Banking Revs Miss

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Morgan Stanley’s equities trading business saw net revenues plunge 14% at $2.46 billion driven by market falls and a drop in customer activity (well below expectations of $2.69 billion). However, on the bright side of all the market volatility, fixed income is up 33% at $2.18 billion as a result of what the bank says […]

The Era Of Cheap Food And Cheap Gasoline Is Over

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Authored by Michael Snyder via TheMostImportantNews.com, All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.  Throughout our entire lives, we have always been able to depend on a couple of things.  There would always be cheap gasoline to […]

JP Morgan Cuts Ties With Kanye West’s Business After Controversial Tweets: Report

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Authored by Tom Ozimek via The Epoch Times, JPMorgan Chase has decided to end its business relationship with rapper Kanye West’s company Yeezy, according to conservative commentator Candace Owens, which comes after West was suspended from social media after posting content accused of being antisemitic. Owens shared a letter reportedly from JPMorgan Chase indicating that the bank will […]

Markets Are Expecting The Fed To Save Them – It’s Not Going To Happen

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Authored by Brandon Smith via Alt-Market.us, I have said it many times in the past but I’ll say it here again: Stock markets are a trailing indicator of economic health, not a leading indicator. Rising stock prices are not a signal of future economic stability and when stocks fall it’s usually after years of declines […]

The Fed’s Real Mandate – More Than What You Think…

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Authored by Mark Thronton via The Mises Institute, The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand. This has been the most important […]

Your Next Pain Will Be Soaring Electricity Costs As Energy Crisis Comes To America

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One central theme that comes to mind is the impact of higher natural gas prices and, by extension, power prices. Americans will soon see higher gasoline prices at the pump because of OPEC+ production cuts slated for next month. Many folks will also see their electricity bills rise this winter because NatGas generators power a […]

Russian Oil, Coal Exports To China Soar In August

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China’s imports of crude oil and coal imports from Russia exploded in August, data showed on Tuesday, but despite the jump in supply, Russia handed back its top oil supplier ranking to Saudi Arabia for the first time in four months, even as coal exports hit a record high. According to data from the Chinese […]

Joe Biden’s Inflation Reduction Act “Secretly” Brought To You By Bill Gates

The Democrats’ “Inflation Reduction Act” – which according to the Congressional Budget Office will raise taxes on the middle class to the tune of $20 billion – not to mention unleash an army of IRS agents on working class Americans over the next decade, was made possible by Bill Gates and (in smaller part) Larry Summers, who have […]