Tag: Zero Hedge

On Thursday Russian President Vladimir Putin attended events marking the 80th anniversary of the battle of Stalingrad, and in his speech hailing Russia’s historic victory against Nazi Germany in World War II, he didn’t hold back, lashing out against Berlin’s contemporary decision-making regarding the war in Ukraine.

“Unbelievable, but it is a fact: we are once again being threatened with German tanks – Leopards – that have crosses [painted] on their sides,” Putin said in a provocative statement that evoked Nazi invasion imagery.

Tl;dr: Markets melted up after the following folding foursome:

• Fed‘s Powell says “disinflation” 13 times
• BOC pausing
• BOE pausing
• ECB one more and done, turns to “climate QE”

Most notably, Powell’s “pussying out” of pushing back against market euphoria, drove US financial conditions to their ‘loosest’ since Jackson Hole… where he warned “more pain is coming”, and most presciently to today’s actions: “Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy.”

Source: Bloomberg

By Vincent Cignarella, Bloomberg Markets Live reporter and strategist

A surge in revolving credit has not gone unnoticed by lenders. The Fed’s Senior Loan Officer Opinion Survey on bank lending practices showed banks tightening lending standards for commercial, mortgage, and credit card loans.

Tighter credit likely will drive slower spending, a reduction in risk and the potential for the Fed to pivot sooner rather than later to avoid or shorten a potential recession. That would be more good news for bond bulls.

The tightening standards are a result of most banks

An email from Hunter Biden to US aluminum company Alcoa is raising fresh concerns over the first son’s access to classified documents which were recently discovered in his father’s home in Wilmington, Delaware, as House Republicans kick off investigations into allegations of influence peddling.

The emails which date back to 2011 reveal Hunter Biden offering to trade information on Russian oligarchs to Alcoa for $55,000, according to the NY Post‘s original October 2021 report.

Specifically, Hunter – while his father was Vice President –

Authored by Hannah Max via IllinoisPolicy.org,

Chronic absenteeism rates are higher in Chicago than statewide, with 49% of low-income Chicago students missing at least 10% of their days in school. That rate has nearly doubled since the pandemic.

Chronic absenteeism in Chicago Public Schools is on the rise: nearly 45% in 2022, according to state data. That compares to a statewide rate of 30%.

The rate is even higher among Chicago’s low-income students, with 49% missing at least 10% of their schooling, according to Illinois State Board of

Authored by Jack Phillips via The Epoch Times (emphasis ours),

An MSNBC anchor revealed in a recent segment that she was hospitalized with heart inflammation in December, leading her to miss work for about a month.

Yasmin Vossoughian said that the health scare started on Dec. 20 when she started to experience chest pains that “waxed and waned over a period of 10 days.” Those pains “continued to get worse” over the coming days, she added.

The anchor, who hosts a

Earlier this week, we quoted Bloomberg trader and market commentator Vince Cignarella who said that “In More Than 40 Years Of Trading, Never Have I Witnessed A Market Fighting The Fed As Boldly As This One” and judging by Powell’s remarkable verbal pivot yesterday, there was good reason for that: the market was spot on, and Powell appears to have conceded that inflation will run much hotter, as he refuses to push back against risk prices any more.

So now that

Authored by Steve Watson via Summit News,

Old clips of Mister Rogers, a children’s TV show from the 1980s, have gone viral on social media after leftists were triggered by the character in the show singing a song about ‘boys being boys and girls being girls’.

Fred Rogers, who hosted Mister Rogers’ Neighborhood for decades, is seen in the footage singing a song explaining to children that there are two genders, that boys and girls are different, but that everyone is equal.

“Boys are boys from the

The House on Thursday voted to pass a resolution removing Rep. Ilhan Omar (D-MN) from her position on the Foreign Affairs Committee.

The move came after Speaker Kevin McCarthy (R-CA) rallied 218 Republicans to back the resolution condemning Omar for previous comments deemed antisemitic, and removing her from the committee. One Republican, Rep. Dave Joyce of Ohio, voted present, NBC News reports.

NOW – House Republicans have passed a resolution to remove Rep. Ilhan Omar from the House Foreign Affairs Committee over past comments about Israel. pic.twitter.com/75NlvUxvbF

— Disclose.tv

By Ven Ram, Bloomberg markets live reporter and strategist

On Wednesday, Fed Chair Jerome Powell often peppered his answers by intersplicing “Let’s see.”

As it turned out, that provided enough comfort for the markets.

You could parse his entire post-meeting remarks and why Treasuries rallied, but here’s what I took away.

This is what he essentially said:

“It’s a forecast of slower growth, some softening in the labor market and inflation moving down steadily, but not quickly…

…If the economy performs broadly in line with those expectations, it will