WILL BE BACK LIVE MONDAY!
"Truth is proper and beautiful in all times and in all places.: -- Frederick Douglass
"All men recognize the right of revolution; that is, the right to refuse allegiance to, and to resist, the government, when its tyranny or its inefficiency are great and unendurable." -- Henry David Thoreau (1942). "Civil Disobedience"
CBC’s Caitlin Huey-Burns asked Karine Jean-Pierre about Joe Biden’s support for Federal Reserve Chairman Jerome Powell and what the Fed is doing to attempt to reduce inflation.
“We understand what the American people are feeling, that is why we have made it a priority to do everything that we can to lower costs for Americans,” Jean-Pierre responded.
Then came the kicker.
“We do not see a recession or pre-recession. We see a strong economy and it’s because of the work that this president has done,” Jean-Pierre declared.
The euro area won’t be able to recover massive terms-of-trade losses incurred by rising energy prices, European Central Bank (ECB) President Christine Lagarde explained, during a conference at Frankfurt’s Goethe University on Wednesday.
According to the head of the bloc's regulator, the cost of those losses must ultimately be shared between firms and workers.
When Rick Santelli speaks, traders listen as he channels the unvarnished truth that is so seldom allowed to leak out on to the airwaves and into the great unwashed's eyes and ears.
This morning was one such episode as he and Joe Kernan had a brief discussion about the inevitability of the current crisis... and what happens next.
Russia and China will face substantial difficulty in their efforts to create an alternative to the US dollar in international trade, American Treasury Secretary Janet Yellen claimed on Thursday.
Russia is conducting a rapid withdrawal from transactions in “unfriendly” currencies, against the backdrop of expanding EU and US sanctions. Moscow has been shifting towards the ruble and local
Continued interest rate hikes by the Fed could worsen the banking turmoil, according to Bill Ackman
The US economy is facing disaster following another interest rate increase by the Federal Reserve and the Treasury’s rejection of full deposit insurance, billionaire investor Bill Ackman has warned.
But Biden’s primary concern lies not with stopping the ongoing financial crisis and alleviating economic suffering. He just wants to brag about the billions his regime has flushed down the toilet combatting “climate change.”
In my first year in office, we protected more lands and waters than any president since John F. Kennedy.
We’ve also made the largest investment to fight climate change – ever.
Today, we’re building on that momentum by protecting additional natural wonders
"Capital markets stop panicking when officials start panicking" - Michael Hartnett
Here comes the panic.
Here comes the panic.
Bloomberg just reported that Treasury Secretary Janet Yellen - who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one - will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.