Former President Donald Trump had a mixed Monday morning in court. He was told the first of his four pending criminal trials will begin on April 15. It could be the only case that is concluded ahead of the November 5 election
Two high-ranking House Republicans announced on Friday that they will be stepping down from their positions as committee chairs, setting off a leadership scramble to fill the powerful vacancies. Just hours after the passage of the final fiscal 2024 spending bill, Appropriations Committee Chairwoman and retiring Rep. Kay Granger (R-TX) wrote a letter to House […]
The self-inflicted wounds among Former President Donald Trump’s legal persecutors are working to his advantage and potentially pushing a politically crippling judgment beyond the November election.
"Buckle Up For Irrational Exuberance" - Time-Traveling Bill Gross Touts Bond-Steepeners, Abandons Banks Via WilliamHGross.com, I came upon a time machine quite innocently the other day as I was hunting for a wayward drive off the 8th tee on a golf course in toney Newport Beach. Skipping the incredible details of my discovery, let me just say that it couldn’t take me into the future but was programmed to take me 20 years into the past a la Rip Van Winkle in reverse. It showed me...
Fears grow that two more European nations edging closer to war after 48 chaotic hours (Third column, 8th story, link) Drudge Report Feed needs your support! Become a Patron
Bitcoin, Bond Yields, & Black Gold Bounce Amid Big Auction & Bad Data A quiet day with some uglier than expected housing data (new home sales miss) and manufacturing (Dallas Fed survey sunk) left bond yields and black gold higher, but bitcoin stole the headlines. The bad data prompted a dovish drift in rate-cut expectations Source: Bloomberg The dovish drift sent the dollar lower Source: Bloomberg And pushed gold marginally higher Source: Bloomberg Bitcoin surged back...
'Bad News' Battered Bonds, Big-Tech, & Banks On The Week; Copper & Crude Rip An ugly week on the macro side - hotter than expected inflation, slower than expected growth, weaker than expected labor market data Source: Bloomberg but the inflation issues sent rate-cut expectations reeling (now less than 3 cuts priced in for 2024) Source: Bloomberg And as rate-cut expectations fell, Treasury yields rose non-stop all week with the belly of the curve underperforming (5Y yields up...
Move over Messi — there’s a new canine thespian in town. Ukai, the Australian shepherd/border collie/Bouvier mix who stars opposite Mark Wahlberg in the new film “Arthur the King,” undertakes a performance that is more physically rigorous, if not dramatically suspenseful, than the one delivered by the French border collie who appeared in the Oscar-winning film “Anatomy of a Fall.” But dog movies — and dogs in movies — aren’t just having a moment. They’ve been an important part of cinema since...
Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s last negative rates regime on early signs of robust wage gains this year. The BOJ raised its short-term interest rates to around 0% to 0.1% from -0.1%, according to its statement at the end of its two-day March policy meeting. Japan’s negative rates regime had been in place since 2016. The BOJ also announced the abolition of its radical yield curve control policy for 10-year Japanese...
March 25 (UPI) — The New York appeals court has granted Donald Trump 10 more days to post bond for the civil fraud judgment against him and cut the amount required by more than half — from $464 million to $175 million. The ruling came Monday, as the original bond was due to be paid in full. Trump is granted […] The post N.Y. appeals court grants Donald Trump delay, cuts bond payment in fraud case first appeared on Gephardt Daily.
"By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid," the ECB chief said.