A Record 34% Of All Household Income In The US Now Comes From The Government

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This is banana republic level.


Lawyer For Ashli Babbitt's Family Says They Will Seek $10 Million From US Capitol Police In Lawsuit

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"The 35-year-old was shot while trying to climb through a broken window into the Speaker’s Lobby, adjacent to the House chamber."


Dallas Fed President Spooks Stocks: "We've Got Real Excesses In The Housing Market", Rate Hike Needed In 2022

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“I’m very attentive to that and that’s why I do think at the earliest opportunity, I think will be appropriate for us to start talking about adjusting those purchases.”


Biden Bets The Farm... To "Change The World"

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Joe Biden may not be a radical socialist, but he is doing the best imitation of one...


"There Are No Stabilizers Left" - Cooperman Warns That Next Market Crash Will Make Traders "Heads Spin"

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"We're growing this year 4-5x potential, yet the Fed is insisting on keeping interest rates near zero. That doesn't make any sense to me. That's just pushing people out on the risk curve."


AOC Pleased With Biden's Way-"Better-Than-Expected" Progressive Push

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“The Biden administration and President Biden have definitely exceeded expectations that progressives had...”


UMich Sentiment Surges In April... But Inflation Expectations Drop?

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Democrats, Republicans, and Independents all saw sentiment rise for the second straight month...


The Last Time The Chicago PMI Prices Index Was This High, The Fed Funds Rate Was 22%

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The last time the Chicago PMI was hyperinflating, Volcker was waging a fight to the death with inflation. This time, however, it's "transitory."


Rabo: Where's The "Return To Normality" We Were Promised?

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...a third of 2021 is now already behind us. Does it feel like the promised return to normality for you yet? 


EU Says Apple's App Store Breaks Anti-Trust Rules As Court Showdown With Epic Games Looms

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The EU is now objecting to Apple's hefty commissions charged via the app store.


No, Bonds Aren't Overvalued... They're A Warning Sign

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When, or if, expectations of recovery are disappointed, the market will begin to reprice itself for its intrinsic value...


Stimmies Spark Record Surge In Personal Incomes In March, Spending Spikes

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...what happens when the stimmies stop?


Exxon Pays Down Billions In Debt Thanks To Soaring Cash Flow As Profitability Returns

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"Exxon managed to cover its dividend for the first time since 2018, generating a modest $463 million in excess cash, plus gains from asset sales to reduce debt."


Exposed: The Myth Of "Efficient Markets"

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The capital gains tax increase information had been there for all to see for six months, but it took a press release to get Wall Street to sit up and take notice...


Futures Slide On Last Day Of April Despite Blowout Earnings And Econ Data

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“The trouble is the asset froth that results from this -- we see asset valuations very, very stretched.”


"Good Days Have Gone": A Shocked Wall Street Responds To China's Unprecedented Crackdown On Tech Giants

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"Fintech firms will be more difficult to get listed, including overseas and secondary listing, which is also negative for HKEx."


At Least 44 Killed In "Human Avalanche" At Israeli Religious Festival

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...as more details emerged, it appeared that the crush had started after some celebrants slipped on stone steps leading into a narrow passageway with a metal floored slope, setting off what one website described as a "human avalanche".


The Everything Bubble And What It Means For Your Money

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The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined...


"Makes Me Worried": China Based Companies Rush To List On U.S. Exchanges At A Blistering Pace

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Our phone is ringing off the hook. We’re trying to hire more people. We haven’t seen anything like this since the Nasdaq bubble in ’99..."


NASDAQ and SPX fear - transitory?..."VIX guy" is back

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VIX just starting...?