• FED'S EVANS: I DON'T THINK THE EQUITY MARKETS TELL US ANYTHING ABOUT INFLATION Sounds about right for a career academic at the Fed
    zerohedge Wed 10 Aug 2022 15:52
  • RT @themarketear: VIX - 8.5%, VVIX +1.5%....haven't seen that in a while...
    zerohedge Wed 10 Aug 2022 15:47
  • White House Claims It Had No Notice Of FBI Raid On Trump Link
    zerohedge Wed 10 Aug 2022 15:47

    “We did not have notice of the reported action and would refer you to the Justice Department for any additional information,” a White House official told The Epoch Times via email.

    The Justice Department, which the FBI is a part of, has not responded to a request for comment.

    The FBI declined to comment.

    Trump announced the raid late on Aug. 8, calling it evidence of “prosecutorial misconduct” and a “weaponization of the Justice System.”

    The raid was not announced and was motivated because Democrats do not want Trump to run again for president in 2024, the former president said.

    Eric Trump, one of Trump’s sons, said the raid was conducted to see whether his father possessed any documents from his time in office.

    “The purpose for the raid, from what they said, was because the National Archives wanted to corroborate whether or not Donald Trump had any documents in his possession,” Eric Trump said on Fox News.

  • *EVANS: WE DO NOT EXPECT THAT WE'RE FINISHED WITH RATE HIKES
    zerohedge Wed 10 Aug 2022 15:37
  • RT @YossiGestetner: #NoOneIsAboveTheLaw Link
    zerohedge Wed 10 Aug 2022 15:32
    “A former senior FBI lawyer, Kevin Clinesmith, who was found guilty of forgery in the Trump-Russia probe has been restored to “good standing” status by the District of Columbia Bar Association despite not fully completing his probation sentence.”
  • RT @The_Real_Fly: BIDEN: WE HAVE 0 PERCENT INFLATION (actually, +8.5%) https://t.co/XZHE8bC9Fd
    zerohedge Wed 10 Aug 2022 15:27
  • Zelensky Vows Liberation Of Crimea Following Russian Base 'Mystery' Blast Link
    zerohedge Wed 10 Aug 2022 15:27

    Russia's defense ministry insisted the blasts were down to ammunition that had exploded in a store and that there was no "fire impact" from outside - although this has not been independently verified.

    And Ukrainian presidential aide Mykhailo Podolyak denied that Ukraine was behind the blasts, telling the Dozhd online television channel: "Of course not. What do we have to do with this?"

  • *UKRAINE GETS INVESTOR APPROVAL TO FREEZE BOND PAYMENTS TO 2024
    zerohedge Wed 10 Aug 2022 15:27
  • Atlanta Fed: Flexible CPI: 16.3% Sticky CPI: 5.8%, new all time high Link https://t.co/Ah4Ep6POtT
    zerohedge Wed 10 Aug 2022 15:22

    The Atlanta Fed's sticky-price consumer price index (CPI)—a weighted basket of items that change price relatively slowly—increased 5.4 percent (on an annualized basis) in July, following an 8.1 percent increase in June. On a year-over-year basis, the series is up 5.8 percent.

    On a core basis (excluding food and energy), the sticky-price index increased 5.2 percent (annualized) in July, and its 12-month percent change was 5.6 percent.

    The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—fell by 11.3 percent (annualized) in July and is up 16.3 percent on a year-over-year basis.

  • RT @globaltimesnews: Given that the former Japanese PM Shinzo Abe’s assassination was linked to a cult is one of the major causes triggerin…
    zerohedge Wed 10 Aug 2022 15:12
  • Gasoline Inventories in New York Fall to Lowest Since 2012: BBG
    zerohedge Wed 10 Aug 2022 15:07
  • Every Single Senate Democrat Just Voted Against Defining Pregnancy As A Biologically Female Process Link
    zerohedge Wed 10 Aug 2022 15:07

    The amendment was introduced by GOP Senator Marco Rubio, who noted “The only people capable of being pregnant are biological females, and therefore, I think federal pregnancy programs should be limited to biological females, and that’s what this would do.”

    “A few minutes ago, I looked back across 5,500 years of human history, and so far, every single human pregnancy has been biological female,” Rubio continued.

    The Senator further stated “And therefore, the only thing I’m trying to do is make sure that federal law is clear, since every pregnancy that’s ever existed has been in a biological females, and that our federal laws reflect that pregnancy programs are available to the only people who are capable of getting pregnant: biological females.”

    Democratic Senator Patty Murray responded to Rubio, stating “it’s actually outrageous that Republicans are trying to talk about pregnancy when in this country right now, they are forcing women to stay pregnant no matter...

  • HOD
    zerohedge Wed 10 Aug 2022 15:07
  • RT @mtracey: Hilariously, the column was framed as a melodramatic lament about the alleged failings of "intellectuals," and then was subseq…
    zerohedge Wed 10 Aug 2022 15:07
  • Trump Refuses To Answer NY AG's Questions At Deposition Link
    zerohedge Wed 10 Aug 2022 14:47

    After arriving just before 9 a.m. at the AG's NYC headquarters, Trump released a statement which reads in part: "accordingly, under the advice of my counsel and for all of the above reasons, I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution."

  • *US GASOLINE EXPORTS RISES TO 1.13M B/D, MOST SINCE DEC. 2018
    zerohedge Wed 10 Aug 2022 14:42
  • *VIX DIPS BELOW 20-POINT TRHESHOLD FOR FIRST TIME SINCE APRIL 21 As a reminder, this week CTAs have to buy $15BN in a flat tape and $50BN in up tape
    zerohedge Wed 10 Aug 2022 14:42
  • ICYMI: "Very Crooked Numbers": Biden Admin Accused Of Fabricating Low Gas Demand Data To Hammer Price Of Oil Link
    zerohedge Wed 10 Aug 2022 14:37

    ... and yet at the same time, oil prices have tumbled today amid continued fears that demand for oil, and especially gasoline, will collapse when the US, Europe and the UK slumps into a recession... or already has.

  • Implied gasoline demand finally spiked, jumping back over 9 million: was 9.12MM in last week, up from artificially low 8.54MM the week prior
    zerohedge Wed 10 Aug 2022 14:37
  • WTI Rebounds Despite Big Crude Draw & Production Increase; Gasoline Demand Jumped Link
    zerohedge Wed 10 Aug 2022 14:37

    Oil prices extended losses this morning - amid some notable volatility around US CPI - after a bigger than expected crude build reported by API, the imminent reopening of crude flows to Europe from Russia through Ukraine, and continued weakness in real wages.

  • Crude build +5.5MM SPR drain -5.3MM https://t.co/mfXEqpQ3wZ
    zerohedge Wed 10 Aug 2022 14:37
  • Crude +5.457MM, Exp. -1.00MM Gasoline -4.978MM Distillates +2.166MM Cushing +0.723 Production 12.2MMb/d, +100
    zerohedge Wed 10 Aug 2022 14:32
  • Inflation Reduction Act Will Increase Middle Class, Small-Business Taxes: Tax Law Expert Link
    zerohedge Wed 10 Aug 2022 14:22

    The measure, hammered out as a compromise agreement between moderate Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-N.Y.), serves to fulfill a series of broad Democratic aspirations: increasing federal revenue by closing so-called tax loopholes, enacting climate change policies, expanding the Affordable Care Act, and reducing prescription drug prices.

    Its supporters say the legislation also will help to slow the growth of the ballooning U.S. national debt by decreasing the deficit.

    While it authorizes about $433 billion in new spending, Democrats’ internal estimates suggest that the bill will bring in around $725 billion in new revenue to the federal government, thus reducing the federal deficit and slowing the growth of the national debt. Specifically, Democrats estimate that the bill will reduce the deficit by about $292 billion annually.

    The bill won’t directly increase taxes on individuals at any income level, Brashers told The...

  • *NASDAQ COMPOSITE RISES 2.3% TO CLIMB 20% FROM JUNE LOW
    zerohedge Wed 10 Aug 2022 14:12
  • Link
    zerohedge Wed 10 Aug 2022 14:12
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