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Martha Stewart on Her Sports Illustrated Swimsuit Debut at 81: ‘I Better Look Really Good’
Culinary queen Martha Stewart is scheduled to make history as she becomes the oldest federal criminal to grace the cover of Sports Illustrated. Chef and lifestyle expert Martha Stewart built a $400 million empire on the importance of self-care in many forms—delicious recipes, home decor, comfortable shoes, CBD gummies—and insider trading. Stewart was convicted of…
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Foreign Ownership Exposed
Over a year ago a story emerged over the trepidation relating to President Biden’s decision to release millions of barrels of oil from the country’s strategic oil reserves. While the oil was released to stabilize global energy markets and lower the prices of gas, of late the oil reserve release has been controversial. Some of…
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Warren Buffet Drops TSMC for a ‘Fistful of Dollars’
In a seemingly sudden and bold move, Warren Buffet of Berkshire Hathaway has announced the divestment of 86% of its TSMC stake in February. Taiwan SemiconductorManufacturing Corporation is the he world’s largest dedicated semiconductor foundry and a major beneficiary of the CHIPS Act. A subsidy galvanizing an oligopoly between the world’s biggest manufacturing and design…
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Where The Deposits Are Going
With the down-sloping economy wrought with an inverted yield curve, bank runs, US bailouts, and an unprecedented diminishing of deposits within the retail and commercial banking systems, people are wondering where the money is going. There currently is an excess supply of cash looking for short term investments. Deposits at small banks fell $119 Bn…
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The First Ever Meme-Driven Bank Collapse
With the Fed gearing up to announce a 25 bps increase next Wednesday, the markets are bracing for an economic slowdown. The FOMC voted to increase the target range for the Federal Funds Rate 25-50 bps in its meetings yesterday and today. They could have started Quantitative Tightening about 9 months ago when inflation was…
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Another Pyrrhic Victory?
Massive lending followed by a massive credit crunch. The ouroboros snake that transfers wealth in a cyclic fashion every decade or so. It’s how the game is ‘rigged’. Or how most of us are just unwitting NPCs in a Massively Multiplayer Online Role Playing Gimmick. We are currently in the midst of the greatest transfer…
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Retail Battlegrounds
It’s been a while since the great GameStop short squeeze when r/wallstreetbets created a full bore offensive against Wall Street short sellers. By pumping up the price of GameStop shares, these day traders trapped the short sellers in something called a short squeeze, which had the double effect of bruising the short sellers, while driving…
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The Fed’s Agenda
The 2-Year and 10-Year Treasury yields are currently inverted. This is its deepest inversion in almost 40 years. This bond market phenomenon means the yield of the 2-year note is higher than the 10-year note yield. This is due to mass dumping of short-term bonds on the secondary market due to uncertainty. Hyperinflation commonly occurs…
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Mercenaries of Mercantile
Galvanizing this country will take place on a fiscal and economic plane. One that starts with doing everything possible to give everyday Americans the ability to accrue capital without the impact of massive inflation and insufficient wages. Taxes, licensing fees, exorbitant land costs, monopolistic subsidies. All of these market barriers stoke the flames of dependency…
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