Category: Finance

In August 2020, Bitcoin had just breached $10,000, and anyone who bought was in for a six-bagger just 14 months later. The most popular Altcoin, Ethereum, was hovering around $400, making it a 10-bagger today. And the most popular ‘shitcoin’ – DOGE, made it to $0.0033, a respectable 7,172% return if held through Wednesday. That… Continue reading The Single Best Investment Of All Time? From $8000 To $5.7 Billion In 14 Months

After surging an unexpected 8.1% MoM in August, and on the heels of rebounds in new- and existing-home sales, Pending Home Sales in September were expected to scrape out a modest 0.5% MoM rise, but that was a long way off as Pending Home Sales tumbled 2.3% MoM… Source: Bloomberg That is the 3rd monthly… Continue reading US Pending Home Sales Unexpectedly Tumble In September

By Michael Every of Rabobank What a day on so many fronts! Let’s start with the staid world of bond markets. The last 24 hours have seen huge swings in yield curves: in Australia, due to a slight overshoot in two of three official CPI measures (all the way to 2.1% y/y!); then the UK,… Continue reading Rabobank: You Can’t Raise Rates AND Prop Up Our Current Idiotic System

Is arguably the most progressive Pope in the Catholic Church’s 2,000-year history suffering a rift with America’s second-ever Roman Catholic president? Or maybe the Vatican is simply worried that President Biden might embarrass the Vatican by being mentally unfit for a public appearance after such a long trip, and with so much else going on.… Continue reading Vatican Spurns Biden By Abruptly Cancelling Live Coverage Of Meeting With Pope Francis

Authored by John Rubino via DollarCollapse.com, Years (and years) ago, I was an unskilled 17- year-old who needed a job. So I drove out to a “foundry” (a factory that makes things out of molten metal) on the edge of town and asked if they needed any more workers. They said yes, hired me on… Continue reading Remember Strikes? The Pendulum Swings Back…

Members of New York’s finest are pushing back against Covid-19 vaccine mandates to the point of civil disobedience. On Wednesday, the head of the New York City firefighters union said that he told unvaccinated members to report for duty regardless of an order from Mayor Bill de Blasio threatening to place them on unpaid leave… Continue reading NYC Firefighters Union Tells Members To Defy Vaccine Mandate; NYPD Union Loses Bid To Halt

Authored by Paul Joseph Watson via Summit News, A Rutgers gender studies professor gave an interview in which she asserted that “white people are committed to being villains,” and, “we gotta take these motherfuckers out!” Yes, really. “Dr. Brittney Cooper, a professor in the Rutgers Women’s, Gender, and Sexuality Studies department that goes by the… Continue reading Rutgers Professor On White People: “We Gotta Take These MF’ers Out!”

Although they fought hard to preserve a vision of the biggest overhaul of the American social safety net – along with a revolutionary reworking of climate change policy – it appears that President Biden is preparing progressives in Congress for a major let-down by insisting that a scaled-back bill – the details of which are… Continue reading “This Bill Now SUCKS” – Disappointed Dems Blast Biden, Bernie, & House Progressives Over New Spending Plan

Update (1717ET): House Speaker Nancy Pelosi’s misplaced confidence that she could pull off a Thursday vote on the $1.2 trillion infrastructure bill went up in flames, after Congressional Progressive Caucus leader Pramila Jayapal (D-WA) made clear that House leadership would not have enough votes from her group to pass it. “Both bills pass together —… Continue reading Pelosi Plans Fizzle After Jayapal ‘No’ Sinks Thursday Infrastructure Vote

Update (1215ET): Having explained to the American public how “17 Nobel Prize winning economists” believe this new spending bill will not be inflationary and will not raise the deficit (seriously), it appears President Biden is rapidly realizing just how serious an inflection point he is approaching. Bloomberg reports that, in a private meeting Thursday at the… Continue reading “Not Hyperbole” – Biden Warns House Dems That His Presidency Depends On New Spending Plan Vote