by Pam Martens and Russ Martens
Wall Street on Parade
There is recent evidence that the U.S. is already seeing capital flight. According to a January 24 report from the United Nations Conference on Trade and Development, China beat out the U.S. in foreign direct investment inflows last year, receiving $163 billion versus $134 billion for the U.S. That was a radical change from 2019 when the U.S. received $251 billion in foreign direct investment versus $140 billion for China.
Capital flight could accelerate this year if the craziness in Congress and Wall Street continues. Just ask yourself this, would you want to invest in a country that had scenes of a bloody attempted coup of the government featured on the front pages of newspapers around the world? Would you want to risk your savings in a stock market that has ceased to perform its two key functions: a pricing mechanism for the value of companies and efficient allocation of capital to worthy businesses and industries.
“There is no justification” for continuing the purchases of mortgage-backed securities. The Fed is “misdiagnosing its impact on the housing market.” Pressure rises on the Fed to back off, in face of market craziness.
That seems to be the question on the mind of just about everyone today after the surge of Monday and the smash of Tuesday. What happens next? That’s hard to say. Let’s just hope that it comes with continued and persistent physical acquisition.
People hate America’s big disparities in wealth. It’s a reason why, among young people, socialism is as popular as capitalism.
The impeachment managers from the Democrat House, along with co-Senate Majority Leader Chuck Schumer, seem convinced that a Senate “trial” will dispatch Donald Trump from the American scene.
Democrats are the party of make believe.
A stock is only worth what someone is willing to pay for it at a particular moment in time. Sadly, this is a lesson that many GameStop traders are learning right now. Just a few days ago, GameStop had surged above $300 a share and a lot of investors that had gotten caught up in the frenzy thought that they were suddenly rich. But you only make money in the stock market when you get out. Those that sold at the peak of the bubble were extremely fortunate, but most GameStop investors are determined to hold on to the bitter end, and the end will definitely be quite bitter indeed.
Chatter of a taper tantrum has tailed off, after the big move at the start of the year in the 10-year Treasury.
Despite the stalling of the #silvershortsqueeze, is silver still set to soar?
The Transportation Security Administration (TSA) has been authorized to fine passengers who do not to comply with the new mask mandates on public transportation systems, in accordance with one of the dozens of Executive Orders signed by President Joe Biden within his first weeks in office.
CNN legal analyst Jennifer Rodgers claimed in a Tuesday appearance on “Inside Politics” that the First Amendment does not protect an individual’s “right to lie.”
Rep. Rep. Alexandria Ocasio-Cortez (D-NY) claimed this week she is the victim of a sexual assault.
Freedom once surrendered can be hell to claw back.
Voters in California appear to be changing their minds about Gov. Gavin Newsom’s (D-CA) performance.