“Most financial institutions will not allow civilians to directly buy single pool MBS; and even if available, I would advise against their purchase. To resolve this problem, I created a listed ETF strategy that only invests in newly issued MBS bonds. Presently this strategy offers a dividend and yield of about 5.95%, the only high-grade credit product that yields more than three-month T-bills”
Interesting note seen on X. It took the US 220 years to reach $11 Trillion in debt (1789-2009). In the past four years alone, they have added $11 Trillion, currently sitting close to $35 Trillion.
The US is done. When government no longer serves the people, it’s time to replace the government. That goes for all governments. Venezuela should never have happened. Looks like it could be our turn next. No one will fix this. No one.
goldbug58
April 23, 2024 4:37 pm
#39721
Maple Leafs dumped Boston in Game 2, Thank you Toronto.
However…. Wholesale electricity rates in the regional market to which Ohio belongs fell “considerably” from 2022 to 2023 due to decreasing costs for natural gas and other fuels, Sarah Parrot, Ohio federal energy advocate, said at the April 3 meeting. It was the largest annual percent decrease since 2009, she said. https://fox8.com/news/firstenergy-customers-significant-rate-drop-coming/
I sent to a techie seventeen emails that have spammed billcara.com, all coming from the money-laundering Binance. Anybody who deals with Binance ought to have their head examined. It’s a front for criminal organizations, and the good people who use it are aiding and abetting financial crime. Binance built operations worldwide, including in Japan, Malta, and the Cayman Islands, but Binance is China and the CCP. So, please support the SEC in its efforts to eradicate Binance.
Your technician can set rules in your router to block specific IP addresses, blocks of IP addresses, wildcarded IP Addresses and even certain country domains, CN in this case. I don’t know if you run your own server behind a firewall with a DMZ or if the site is hosted. Also, in the past, you guys were using WordPress which is pretty weak security-wise. Or perhaps talk to your ISP and see if they can help.
I am not saying I agree with this. Just interesting viewpoint. — How do Social Elites pave the way to Social decay?
One of Brain Bar 2023’s most thought-provoking talks was Oxford complexity scientist Peter Turchin’s. When Peter looks at history, he sees not significant dates, great heroes, or memorable events but trends, repetitions, and mathematical rationale.
What causes civilizations to fall apart? How can education, high-collar jobs, and wealth be a bad thing for societies? In his talk, Peter sheds light on the clear rules of world history, and how the relationship between the ruling elites and the masses has fueled unrest and wars throughout the past 5000 years.
EIA: #crudeoil stocks build by 2.7m bbl despite a 2m b/d recovery in exports, while #gasoline and distillates both see declines while implied demand of both (4-wk avg) see declines.
Executive Order (E.O.) 14024 and other Russia-related sanctions impact on gold-related transactions or persons participating in the gold market https://ofac.treasury.gov/faqs/1029
jimg
April 14, 2024 3:13 pm
#39636
What do they see coming?
Bank of England is talking about selling its entire bond portfolio and exiting QE entirely.
BOE May Sell Whole QE Portfolio in Policy Divergence From US Fed
Wind/Solar/Alt-Energy Subsidies To Cost Federal Taxpayers $425 Billion Between Now And 2033 New Treasury Department estimate shows the 10-year cost of alt-energy tax credits has gone up 21-fold since 2015 https://robertbryce.substack.com/p/windsolaralt-energy-subsidies-to
jimg
April 9, 2024 11:52 pm
#39581
The BLS JPMorgan, BlackRock Among BLS Economist’s CPI ‘Super Users’ Records request shows correspondence about inflation details Economist sent emails to select group about rent, used cars
An economist from the Bureau of Labor Statistics corresponded on data related to a key US inflation gauge with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information. The BLS economist answered numerous inquiries about details within the consumer price index in recent months, mostly related to computations in key categories within shelter as well as used cars, according to records requested by Bloomberg.
“However, beginning in September 2022, remittances due became negative. Since then, the Fed has experienced a shortfall in earnings that is generally between about $5 billion and $11 billion per month”
“Uri Berliner is a senior business editor at NPR. In his 25 years with NPR, his work has been recognized with a Peabody Award, a Gerald Loeb Award, an Edward R. Murrow Award, and a Society of Professional Journalists New America Award, among others”
“Today, we published in The Free Press his firsthand account of the transformation he has witnessed at National Public Radio. Or, as Uri puts it, how it went from an organization that had an “open-minded, curious culture” with a “liberal bent” to one that is “knee-jerk, activist, scolding,” and “rigidly progressive.”
“I’ve Been at NPR for 25 Years. Here’s How We Lost America’s Trust.Uri Berliner, a veteran at the public radio institution, says the network lost its way when it started telling listeners how to think. An open-minded spirit no longer exists within NPR, and now, predictably, we don’t have an audience that reflects America”
“The debt-to-GDP ratio is projected to rise over the 75-year projection period and beyond if current policy is unchanged, based on this Financial Report’s assumptions, which implies that current policy is not sustainable and must ultimately change”
This situation is relevant and material to future economic growth because the government’s need for capital will squeeze the rest of us. Interest rates will rise for businesses and households to compensate for the declining availability of funds and the greater risk of capital loss in the private sector. As the government has an increasingly difficult time raising capital, programs for the military will take precedence over health, education, highways, and bridges. Employment will suffer. There will be more and deeper economic recessions. The retirement age to receive full social security benefits will rise. None of this is good. It’s not different from when a company takes on too much debt. Bankruptcy is the end result.
Russell Napier: The coming change in monetary policy
Russell is the author of two books, “Anatomy of a Bear Market: Lessons from Wall Street’s four great bottoms” and “The Asian Financial Crisis 1995-1998 And The Birth Of The Age of Debt.” __ Russell Napier’s newsletter, The Solid Ground: https://russellnapier.co.uk/
Will be as momentous as the Bretton Woods agreement Capital controls to inflate away debt Forced purchase of government bonds Restrictions on the free movement of capital Start at 1:07 min
Cancer risk assessment, its wretched history and what it means for public health
“The foundations of cancer risk assessment represent a century of significant uncorrected mistakes and scientific misconduct, dominated by powerful self-interests and politicized ideological actions involving the US National Academy of Sciences (NAS), Science journal, multiple Nobel Prize winners, and elite leaders of the field of radiation genetics from the 1920s to the 1990s”
“The historical record presented here, therefore, involves powerful and high-profile individuals and groups that manipulated the public for personal gain and is presented in the following eight-part expose”
Black Lives Matter protest that began in Columbia Heights confronted White diners outside D.C. restaurants, chanting “White silence is violence!” and demanding White diners show their solidarity.
I am intrigued by the recent arrival of so many AI platforms. I edit my writing using chatGPT, Gemini, Copilot, and Grammarly. Not always, but a lot. Now I see there is another one to consider, called Claude-3 Opus.
Yesterday, Amazon added $2.75B to its investment in Anthropic, bringing its total investment in the artificial intelligence startup to $4B. The news marks the biggest investment Amazon has made in another company since its founding and represents its latest effort to compete with Microsoft and Google on AI.
Anthropic—founded in 2021 by former OpenAI employees—is the San Francisco-based company behind ChatGPT competitor Claude. Earlier this month, the company unveiled the latest iteration of its chatbot, Claude 3, which the company says can outperform GPT-4 on math and reasoning. As part of yesterday’s deal with Amazon, Anthropic has agreed to use special computer chips designed by Amazon. Anthropic will also provide special access to Claude 3 and other AI models to customers of Amazon’s $90B cloud computing business.
Anthropic is led by two siblings who say they seek to create AI aligned with human values. See more on the founders here.
“Most financial institutions will not allow civilians to directly buy single pool MBS; and even if available, I would advise against their purchase. To resolve this problem, I created a listed ETF strategy that only invests in newly issued MBS bonds. Presently this strategy offers a dividend and yield of about 5.95%, the only high-grade credit product that yields more than three-month T-bills”
https://www.convexitymaven.com/wp-content/uploads/2024/04/Convexity-Maven-Bedtime-for-Bonds.pdf
See more:
““A New Issue MBS Strategy”
https://www.convexitymaven.com/wp-content/uploads/2023/11/Convexity-Maven-MBS-Strategy.pdf
https://www.youtube.com/watch?v=-m7p_8jSa9Y
“Can AI rewrite our human genome? “Today, we announce the successful editing of DNA in human cells with gene editors fully designed with AI.”
Editing the Human Genome with AI
https://www.profluent.bio/blog/editing-the-human-genome-with-ai
NYT: https://archive.is/Rt3PH#selection-449.0-453.121
Interesting note seen on X. It took the US 220 years to reach $11 Trillion in debt (1789-2009). In the past four years alone, they have added $11 Trillion, currently sitting close to $35 Trillion.
The US is done. When government no longer serves the people, it’s time to replace the government. That goes for all governments. Venezuela should never have happened. Looks like it could be our turn next. No one will fix this. No one.
Maple Leafs dumped Boston in Game 2, Thank you Toronto.
Energy prices soar almost 30 percent under Biden — 13 times faster than previous 7 years: analysis
https://nypost.com/2024/04/12/us-news/electricity-costs-soar-under-biden-administrationenergy-prices-soar-under-biden-administration/
Electricity prices are shocking the lawmakers who voted for them
A cadre of coastal Democrats is pushing to repeal a fee that would drive up utility bills for some middle- and high-income customers. Lawmakers ordered it up two years ago in part to cover the costs of adapting to climate change.
https://www.politico.com/newsletters/california-climate/2024/01/30/electricity-prices-are-shocking-the-lawmakers-who-voted-for-them-00138714
200 Ways the Biden Administration and Democrats Have Made it Harder to Produce Oil & Gas
https://www.instituteforenergyresearch.org/regulation/200-ways-the-biden-administration-and-democrats-have-made-it-harder-to-produce-oil-gas/
However….
Wholesale electricity rates in the regional market to which Ohio belongs fell “considerably” from 2022 to 2023 due to decreasing costs for natural gas and other fuels, Sarah Parrot, Ohio federal energy advocate, said at the April 3 meeting. It was the largest annual percent decrease since 2009, she said.
https://fox8.com/news/firstenergy-customers-significant-rate-drop-coming/
Multiple IP addresses from the same site constantly spam this website.
Is there anything that can be done to stop it?
I sent to a techie seventeen emails that have spammed billcara.com, all coming from the money-laundering Binance. Anybody who deals with Binance ought to have their head examined. It’s a front for criminal organizations, and the good people who use it are aiding and abetting financial crime. Binance built operations worldwide, including in Japan, Malta, and the Cayman Islands, but Binance is China and the CCP. So, please support the SEC in its efforts to eradicate Binance.
Your technician can set rules in your router to block specific IP addresses, blocks of IP addresses, wildcarded IP Addresses and even certain country domains, CN in this case. I don’t know if you run your own server behind a firewall with a DMZ or if the site is hosted. Also, in the past, you guys were using WordPress which is pretty weak security-wise. Or perhaps talk to your ISP and see if they can help.
I am not saying I agree with this. Just interesting viewpoint.
—
How do Social Elites pave the way to Social decay?
One of Brain Bar 2023’s most thought-provoking talks was Oxford complexity scientist Peter Turchin’s. When Peter looks at history, he sees not significant dates, great heroes, or memorable events but trends, repetitions, and mathematical rationale.
What causes civilizations to fall apart? How can education, high-collar jobs, and wealth be a bad thing for societies? In his talk, Peter sheds light on the clear rules of world history, and how the relationship between the ruling elites and the masses has fueled unrest and wars throughout the past 5000 years.
https://m.youtube.com/watch?v=4ajPYe0fGHo
How The American Workforce Got Hooked on Adderall
https://www.youtube.com/watch?v=IiJQKbmQllo&list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV&index=1
Dispatches from the Adderall Epidemic.
https://pioneerworks.org/broadcast/club-med-adderall
Louis-Vincent Gave, Charles Gave, Anatole Kaletsky
Gavekal Research
Webinar: Forward To The 1970s? Investing For An Inflationary Age
Source: https://research.gavekal.com/content/webinar-forward-to-the-1970s-investing-for-an-inflationary-age/
The Deep State shows its cards:
https://www.youtube.com/watch?v=8G5RpxgoTiQ
EIA: #crudeoil stocks build by 2.7m bbl despite a 2m b/d recovery in exports, while #gasoline and distillates both see declines while implied demand of both (4-wk avg) see declines.
https://twitter.com/Ole_S_Hansen/status/1780606096073216394
Welcome to Canada!
Metal Traders Get Ready for Fireworks After LME Russia Ban
https://archive.is/BJ03r
But are there sanctions against the international sales of Russian gold?
Executive Order (E.O.) 14024 and other Russia-related sanctions impact on gold-related transactions or persons participating in the gold market
https://ofac.treasury.gov/faqs/1029
What do they see coming?
Bank of England is talking about selling its entire bond portfolio and exiting QE entirely.
BOE May Sell Whole QE Portfolio in Policy Divergence From US Fed
https://archive.is/wdjZu#selection-1309.0-1309.64
The US could do the same?
Wind/Solar/Alt-Energy Subsidies To Cost Federal Taxpayers $425 Billion Between Now And 2033
New Treasury Department estimate shows the 10-year cost of alt-energy tax credits has gone up 21-fold since 2015
https://robertbryce.substack.com/p/windsolaralt-energy-subsidies-to
The BLS
JPMorgan, BlackRock Among BLS Economist’s CPI ‘Super Users’
Records request shows correspondence about inflation details
Economist sent emails to select group about rent, used cars
An economist from the Bureau of Labor Statistics corresponded on data related to a key US inflation gauge with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information.
The BLS economist answered numerous inquiries about details within the consumer price index in recent months, mostly related to computations in key categories within shelter as well as used cars, according to records requested by Bloomberg.
https://archive.is/2cX4d#selection-1653.0-1661.240
Federal Reserve:
“However, beginning in September 2022, remittances due became negative. Since then, the Fed has experienced a shortfall in earnings that is generally between about $5 billion and $11 billion per month”
https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-explaining-deferred-asset
“Uri Berliner is a senior business editor at NPR. In his 25 years with NPR, his work has been recognized with a Peabody Award, a Gerald Loeb Award, an Edward R. Murrow Award, and a Society of Professional Journalists New America Award, among others”
“Today, we published in The Free Press his firsthand account of the transformation he has witnessed at National Public Radio. Or, as Uri puts it, how it went from an organization that had an “open-minded, curious culture” with a “liberal bent” to one that is “knee-jerk, activist, scolding,” and “rigidly progressive.”
https://www.thefp.com/p/npr-editor-how-npr-lost-americas-trust
“I’ve Been at NPR for 25 Years. Here’s How We Lost America’s Trust.Uri Berliner, a veteran at the public radio institution, says the network lost its way when it started telling listeners how to think.
An open-minded spirit no longer exists within NPR, and now, predictably, we don’t have an audience that reflects America”
Interview starts at 10mn
https://podcasts.apple.com/us/podcast/npr-editor-speaks-out-how-national-public-radio-lost/id1570872415?i=1000651871685
An interesting Sunday read from Art Berman.
The 2022 Physics Nobel Prize Winner says, “There is no climate emergency.”
This message approved by kaimu
Bureau of the Fiscal Service
Financial Report of the U.S. Government
“The debt-to-GDP ratio is projected to rise over the 75-year projection period and beyond if current policy is unchanged, based on this Financial Report’s assumptions, which implies that current policy is not sustainable and must ultimately change”
https://www.fiscal.treasury.gov/reports-statements/financial-report/mda-unsustainable-fiscal-path.html#:~:text=The%20debt%2Dto%2DGDP%20ratio%20is%20projected%20to%20rise%20over,sustainable%20and%20must%20ultimately%20change
This situation is relevant and material to future economic growth because the government’s need for capital will squeeze the rest of us. Interest rates will rise for businesses and households to compensate for the declining availability of funds and the greater risk of capital loss in the private sector. As the government has an increasingly difficult time raising capital, programs for the military will take precedence over health, education, highways, and bridges. Employment will suffer. There will be more and deeper economic recessions. The retirement age to receive full social security benefits will rise. None of this is good. It’s not different from when a company takes on too much debt. Bankruptcy is the end result.
😀
Russell Napier: The coming change in monetary policy
Russell is the author of two books, “Anatomy of a Bear Market: Lessons from Wall Street’s four great bottoms” and “The Asian Financial Crisis 1995-1998 And The Birth Of The Age of Debt.”
__
Russell Napier’s newsletter, The Solid Ground: https://russellnapier.co.uk/
Will be as momentous as the Bretton Woods agreement
Capital controls to inflate away debt
Forced purchase of government bonds
Restrictions on the free movement of capital
Start at 1:07 min
https://podcasts.apple.com/us/podcast/russell-napier-on-the-rise-and-fall-of-the/id1592743188?i=1000650515288
Cancer risk assessment, its wretched history and what it means for public health
“The foundations of cancer risk assessment represent a century of significant uncorrected mistakes and scientific misconduct, dominated by powerful self-interests and politicized ideological actions involving the US National Academy of Sciences (NAS), Science journal, multiple Nobel Prize winners, and elite leaders of the field of radiation genetics from the 1920s to the 1990s”
“The historical record presented here, therefore, involves powerful and high-profile individuals and groups that manipulated the public for personal gain and is presented in the following eight-part expose”
https://www.tandfonline.com/doi/full/10.1080/15459624.2024.2311300
In response to Kaimu watching Netflix series called “3 BODY PROBLEM”:
The opening scene reminded me of these 3 videos:
Public Shaming MOB demand groveling apology from Yale Professor
“The Christakises resign from their administrative positions as Master and Associate Master of Silliman College”
https://www.youtube.com/watch?v=iAr6LYC-xpE
Black Lives Matter protest that began in Columbia Heights confronted White diners outside D.C. restaurants, chanting “White silence is violence!” and demanding White diners show their solidarity.
https://twitter.com/KunkleFredrick/status/1298344285079838720
The Cultural Revolution is here. Just ask Xi Van Fleet. She’s lived it twice.
https://tuckercarlson.com/the-tucker-carlson-encounter-xi-van-fleet-2/
What is Claude-3 Opus?
I am intrigued by the recent arrival of so many AI platforms. I edit my writing using chatGPT, Gemini, Copilot, and Grammarly. Not always, but a lot. Now I see there is another one to consider, called Claude-3 Opus.
https://www.anthropic.com/news/claude-3-family
From 1440 media:
Amazing what young people are doing with all the new technology available to them.
Teen on a mission: flattening cancer curve by 2040. Researching the intersection of food & epigenetics. Cancer: A Food-Borne Illness on X
https://twitter.com/travelingenes/status/1773126285633507786