Unless you are 6 years old or have no clue about how basic economics and credit work, you should be able to see past the spin, and realize that borrowed money leads to printed money - and certainly not proliferate the spin. It's completely obvious ...

U.S. Estimates Borrowing of $1.4 Trillion in Second Half of 2021

LMAO @ all you sticklers trying to correct basically accurate categorizations of what's going on. Step 1. U.S. Government wants to borrow more money Step 2. It issues new bonds Step 3. "Primary dealers" buy the new bonds (they only do it because ...

U.S. Estimates Borrowing of $1.4 Trillion in Second Half of 2021

Since you're an Aussie, I'll cut you a break for ignorance. However, you should educate yourself before posting gibberish. The Fed DOES buy U.S. Government debt, they have been doing this for over a decade. Do I need to find proof for you? url ...

U.S. Estimates Borrowing of $1.4 Trillion in Second Half of 2021

What's not QE? QE is ALL about buying Treasury, MBS and even corporate debt. The Fed does not call it printing money because it's a slightly more opaque and dignified term, to those who like splitting hairs. But buying debt is just the instrument to ...

U.S. Estimates Borrowing of $1.4 Trillion in Second Half of 2021

For over 10 years, there have been nice educational videos floating out there that explain how QE works, I recommend looking them up. In a nutshell: * Treasury issues new debt, partly to pay for maturing debt, and partly to finance the government ...

U.S. Estimates Borrowing of $1.4 Trillion in Second Half of 2021

Translation: we must keep printing money and propping up asset prices for the top 0.01%, while screwing over savers.

Fed's Bowman: There is still work to be done to get the US economy back on track; Employment...

I would say he is more along the lines of Ben Bernanke, but with the resolve of a dogged drug dealer. What he's saying is - there's no longer any single numeric data point that they go by when deciding when to tighten up policy? Soooo... you are ...

Powell: Semiannual Monetary Policy Report to the Congress

Well said. Look at the savings rates of just about every major US bank - Chase, Wells Fargo, BofA etc. Even their CDs (not to mention savings accounts) earn literally NOTHING, regardless of the balance. Hey, "economists" - pop quiz for y'all: what ...

Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’

Fed support is not needed by anyone with no stake in the rabid equity market. There is no liquidity crisis in the economy and there hasn't been in a while, perhaps not since the start of the pandemic at all. The (official) unemployment rate is ...

Bullard Says Expects This Will be 'Boom Year' For U.S. Economy

Hmm I wonder which newly elected world leader should follow his lead...

Erdogan Fires Central Bank Deputy Governor Cetinkaya, Names Mustafa Duman Deputy Governor

How about firing this guy and replacing him with a real economist? He's pushing us off the cliff and everyone is screaming "go faster!" There's no need for any monetary stimulus now, whatsoever. All it does is blow bubbles in every asset class ...

Powell: transitory rise in inflation above 2% will not meet standard for raising rates

No stimulus needed at all - just put all your money into GME, you can't lose!

Powell says may take more than three years to hit Fed's inflation goal

The Fed bears full responsibility for blowing asset bubbles beyond anyone's imagination to the point where valuations are meaningless. WSB's stock market manipulation would be impossible without Mr Powell's direct assistance.

Powell says may take more than three years to hit Fed's inflation goal

I didn't even read the article. All I needed to see was this to see the author had done little research (even though I might agree with his main thesis): Tesla has sold ZERO cybertrucks. Production does not begin until late 2022, let alone ...

Who Gets Harmed When You Ban Short Selling?

Stick to (real, not "alternative") facts and you'll do okay here.

House to vote on measure seeking Trump removal under 25th amendment

TSLA is currently worth more than the rest of the automotive industry, combined. While manufacturing a tiny fraction of the world's cars. It's more valuable by market cap than Berkshire Hathaway, while generating about 8% of its revenue and a ...

Current Elon Musk Net Worth 2021

For a look at what happens to an overhyped balloon of a stock, check out the 12 month chart of QS. It's where TSLA, NIO et al are surely headed.

Current Elon Musk Net Worth 2021

Aliens, if you're reading this - please nuke this planet from outer space.

Israeli jeweler makes $1.5M gold, diamond-encrusted coronavirus mask

After this article was published, HTZ went to almost $7 after hours on Monday. Two days later, it's back where it should be. My only regret is not setting a more reasonable price on my put order yesterday.

Retail Traders Flout Legal Logic by Buying Up Bankrupt Stocks

That is because it is a justification for the crack pipe equity valuations we are at.

The Craziest Charts of the Year (So Far)