@RealSeanBrodrick: As the fella said, "It's not profiteering, if you're not arrested, tried, and convicted. Until then it's just good business."
The Fed has suppressed inflation expectations; the Covid distortions to rents and margins are working through and will drive inflation down; and the labor market is re-normalizing without a surge in unemployment. But will Fed Chair Jerome Powell accept his victory? #CoSoFinance
U.S. home prices keep falling -- down for the 5th straight month in November, Case-Shiller index shows #CoSoFinance https://www.marketwatch.com/story/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows-11675174667
Earlier, I posted that Dutch semiconductor equipment company #ACLS spilled the beans that the U.S. and Netherlands are stopping sales of chip manufacturing equipment to China. Now, China is responding w/ its own technology ban. #CoSoFinance #ChipWars https://www.bloomberg.com/news/articles/2023-01-26/china-mulls-protecting-solar-tech-dominance-with-export-ban
Weekly chart shows West Texas Intermediate #Crude #oil tried to break out, and failed. First attempts usually do not work. let's see what February brings. #CoSoFinance
Weekly #Silver had a tougher week than #gold, but that's not too surprising as silver is the drama queen of precious metals. Look for a retest of the breakout.
#CoSoFinance
Weekly #platinum broke its uptrend and ran out of bullish momentum. It's in balance now; we'll have to see what next week brings. Sideways action is more likely, but let's see the fallout from 3 central banks meeting. #CoSoFinance
Weekly #Gold still looks bullish, but the balance shown in last week's candle indicates we may see a retest of the breakout before another attempt at moving higher.
#CoSoFinance
Copper had a setback on Friday; it barely registers on a weekly chart, which is still bullish. #CoSoFinance
"The Federal Reserve, the European Central Bank, and the Bank of England have rate-hike meetings over the coming days. And markets have set out to fight all of them" #CoSoFinance https://wolfstreet.com/2023/01/28/back-to-back-market-smackdowns-coming-from-the-fed-and-ecb-could-be-a-hoot/
On this chart, the blue line is job openings (in thousands) and the yellow line is unemployed, also in thousands. Still nearly two jobs for every person seeking work. Source: https://seekingalpha.com/article/4573347-the-labor-market-is-still-historically-tight #CoSoFinance #CoSoEconomics
this week Superman faces the twin menaces of the radio broadcast industry- and whatever the heck this is! See it all in Stupid Comics! https://misterkitty.org/extras/stupidcovers/stupidcomics795.html
A Utah plastic surgeon & 3 associates are facing federal charges for #scam in which they squirted around 2k #vaccine doses down the drain, sold falsified vaccination cards for $50 each & injected kids w/saline 391 x.
Dr. Michael Kirk Moore Jr. owner of Plastic Surgery Institute of #Utah in Midvale, business' office manager Kari Dee Burgoyne, receptionist Sandra Flores, & neighbor Kristin Jackson Andersen.
Cleveland was also a strong supporter of the "gold standard"–the idea that the value of the dollar should be fixed relative to a specific quantity of gold.
In Cleveland's last year in office, with mounting depression, this deflationary policy seemed recklessly intransigent, but Cleveland would not budge; the Republicans likewise nominated William McKinley, a "sound-money man" the same year.
The Democrats, responding to popular pressure, made one of the biggest about-faces in political history.
Democratic President Grover Cleveland took office as an extreme conservative, even a reactionary. He famously vetoed a bill to supply seed to Texas farmers who had lost theirs in a hard drought, callously saying that it was none of the business of government to support the people, and that they could always fall back on private charity.
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I hate it when Americans make everything in the world about us but I'd be lying if I said that the prospect of a Russian defeat making the dumbest, most belligerent people in America cry isn't at least a very small factor driving my support for #Ukraine.
#MAGA are a bunch of brainwashed losers who are on the wrong side of everything and I just cherish their every loss.
@PrivacyL0st @RealSeanBrodrick
Truth!
In a world gone mad with chaos and blood, one man stands alone against the forces of evil. That man is Sean Brodrick #finance #stocks #resources