Morgan Stanley: “The Correction Has Begun” But The Fed Will Keep It To 5%

Read more on this subject: Federal Reserve
News Story Source: by Tyler Durden
 – to announce that the Fed-liquidity driven rally is over and a long-overdue correction has begun. 

However, with the Fed still injecting ample liquidity into the market every month to the tune of about $60-80BN, Wilson finds himself trapped as he can’t go “full bear” and instead has to be cognizant that the factor that dragged him into the bullish camp is still there, and will likely be there (or become larger) throughout the pandemic, which limits how bearish Wilson can be.

All of this emerged this morning when in his latest Weekly Warm Up note, Michael Wilson wrote that “market internals were already suggesting skepticism on a big growth reacceleration prior to the outbreak of the Coronavirus. However, with the breakdown of cyclicals and other “reflation” trades last week, concerns about the nascent recovery are rising.”

As noted above, Wilson was quick to acknowledge that “liquidity has played a large role in the rally sinc
Read More or Make a Comment Continue reading

Collapsed: NJ Vaccine Bill To End Religious Exemptions Rejected

Read more on this subject: New Jersey
News Story Source:, Richard Enos
The battleground is now set. On one side are those who continue to claim “the science is settled” on vaccine safety and want to eliminate all vaccine exemptions, essentially forcing all children to get vaccines whether their parents agree or not. On the other side are those who believe that the science is far from settled, and believe that parents should have the right to choose what gets injected into their children’s bodies without fear of punishment.

The latest skirmish of this battle was on Monday in Trenton, NJ, where a bill proposing one of the nation’s broadest bans on religious exemptions to childhood vaccines did not have enough support in the Democrat-controlled State Senate to be put up for a vote. The bill would have ended a policy that allows parents in New Jersey to cite religious beliefs as the reason their children have not been immunized, without affecting the child’s ability to be enrolled in school.

Read More or Make a Comment Continue reading

Washington State lawmakers consider several gun-control related bills

Read more on this subject: Gun RightsNews Story Source: by Sean WaltonHere is a list of proposed bills:

SB 6077: Bans "large capacity magazines"

Senate Bill 6077 would prohibit any person in Washington state … Continue reading

Homesteaders, catastrophists run for the hills to flee U.S. uncertainty

Read more on this subject: Prepping
News Story Source: by Carey L. Biron
Cheap housing, deep unease and intense resilience – all forces that are driving a clutch of Americans to swap city life for a fresh start off grid and far from civilisation.

Some are survivalists, among them high fliers who fear a looming, urban catastrophe and the mayhem that might follow.

Others want a greener, gentler life untainted by the malign forces of capitalism and uncertainty of mainstream politics.

Whichever camp, realtors say the new dropouts are not “crackpots” and often include affluent professionals whose run for the hills has boosted rural land values and started to change their property market.

“I’ve had hedge-fund managers and billionaires that have made purchases, and they all have concerns about the direction of the economy and social stability,” said John E. Haynes, president of Retreat Realty in North Carolina.

“We’re on that upward trend,” he said. “Inventory of that land on the market is tighter.”

Read More or Make a Comment Continue reading

Virginians respond to gun control proposals by purchasing almost 74,000 firearms in December

Read more on this subject: Gun RightsNews Story Source: by Sean WaltonDemocrats within Richmond have been adamant in bringing forth legislation that can be contorted to strip citizens of their second amendment rights. As… Continue reading

Retired Or Retiring Soon? Yes, Worry About A Correction

Read more on this subject: Retirement
News Story Source: by Lance Roberts
The most truth of that statement is found in the financial press, which consists mostly of people writing articles and giving advice on topics where they have little experience, and in general, have achieved no success.

The best example came last week in an email quoting:

“You recently suggested that you took profits from your portfolios; however, I read an article saying retirees shouldn’t change their strategies. ‘If you’ve got a thoughtful financial plan and a diversified investment portfolio, the general rule is to leave everything alone.'” 

This seems to be an entirely different approach to what you are suggesting. Also, since corrections can’t be predicted, it seems to make sense.” 

One of the biggest reasons why investors consistently underperform over the long-term is due to flawed investment advice.

Let me explain.

Corrections & Bear Markets Matter

It certainly seems logical, by look
Read More or Make a Comment Continue reading

Dow Jones Falls As Much As 540 Points As These Industry Groups Outperform;

Read more on this subject: Stock MarketNews Story Source: by DAVID SAITO-CHUNGAn early-afternoon rally offset some of the decline in the current stock market, yet key indexes still shouldered weighty losses amid news on t… Continue reading

World Economic Forum Debuts Framework for Central Bank Digital Currency

Read more on this subject: Central Banks/Banking
News Story Source:, Cointelegraph
The World Economic Forum (WEF) — together with some of the world’s major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.

According to an announcement  on Jan. 22, the toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design.

The WEF collaborated with regulators, central bank researchers, international organizations and experts from over 40 institutions to develop the framework. The head of blockchain and distributed ledger technology (DLT) at the World Economic Forum Sheila Warren explained:

“Given the critical roles central banks play in the global economy, any central bank digital currency implementation, including potentially with blockchain technology, will have a profound impact domestically and internationally. […] It is imperative that central banks proceed cautiously, with a rigorous analysis of the opportuni
Read More or Make a Comment Continue reading