When questioned about the future of Social Security by the Senate Finance Committee, Treasury Secretary Janet Yellen admitted that Biden “doesn’t have a plan.” There could be no possible plan for an ongoing Ponzi scheme that will fail once the fund runs out of money. Estimates believe Social Security will reach insolvency before 2034. “I […]

AI is a hot topic for regulators. Regulators and most companies that offer purported AI are clueless about what constitutes actual AI. Way too many charlatans are out there calling a simple trend-following program AI. They create some rules, and the program just follows what they created. That is NOT Artificial Intelligence. The SEC is […]

Those who follow this blog already knew that the Federal Reserve would not drop rates in the future due to unsustainable fiscal policies paired with America’s increasing involvement in foreign wars. All of the talking heads were preaching that rates would significantly decline to pandemic levels, as if that were the historical norm. Every fiscal […]

The computer has been forecasting these events decades in advance. As we approach them, what seemed outlandish years ago seems likely today. The civil unrest is dividing not just the United States but we see it in Canada and throughout Europe. This is NOT simply due to Trump. What is unfolding is the discontent with […]

Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food? Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor Tiff […]

ASIA:   Japan’s economy has unexpectedly contracted, leading to a recession and causing it to drop from the world’s third-largest economy to the fourth, behind Germany. The Gross Domestic Product (GDP) shrank by an annualized 0.4% in the last quarter of 2023, following a 3.3% contraction in the previous quarter, which defines a recession. This […]

ASIA: China’s central bank, the People’s Bank of China, has reduced the five-year loan prime rate, a mortgage benchmark, by 25 basis points to 3.95% from 4.2%. This significant cut, the largest ever, aims to boost the struggling housing market. The move, which exceeded market expectations, follows the release of 1 trillion yuan ($139 billion) […]

I think we’ve reached a time where it’s no longer character assassination to ask legitimate questions about the President’s competency. There are so many decisions that require nuance, that require complex levels of thinking and that those kind of issues are coming at you many… pic.twitter.com/nCtJkAtZRd — Robert F. Kennedy Jr (@RobertKennedyJr) February 9, 2024 […]

ASIA: India’s markets regulator, the Securities and Exchange Board of India (SEBI), has released a discussion paper proposing methods for offshore funds with expired India licenses to divest their securities. This marks the initial step before potential rule changes by SEBI to address the absence of a mechanism for offshore funds to liquidate holdings post-license […]

European Central Bank President Christine Lagarde’s approval rating is “poor,” at best, according to a union-run IPSO survey. Around 60% of European Central Bank staff members do not approve of Lagarde’s presidency, with 53.5% saying she is not the “right president for the ECB at the current juncture.” The poll found that 59% of staffers […]