US Pending Home Sales Crash By Most On Record zerohedge.com/markets/us-pen…

2022 is the worst year ever for stocks and bonds since 1871

If you had a tough year in the market, don't be too hard on yourself. It has been the worst year for stocks & bond combo in the last 150+ years!

“No FOMC participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023.” Yes, but in 2021 you guys also told us no rate hikes for years to come. And you ended up hiking 400+ bps in 2022.

Prints money to save you from recession Forces recession to save you from inflation Prints money to save you from recession

The Interest Expense on US Public Debt rose to $775 billion over the past year, a record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security.

The 3-Month Treasury bill yield of 4.69% is now 1.32% higher than the 10-Year Treasury bond yield (3.37%). With data going back to 1962, only March 1980 (recession: Feb-Jul 1980) had a more inverted yield curve than today.

The last 8 recessions in the US were all preceded by an inversion in the yield curve...

It's good to have crappy days. Olympian Alexi Pappas on the best advice she's ever gotten: The Rule of Thirds...

My latest article discusses the switchover from the Fed operating at a profit to operating at a loss, the subsequent elimination of remittances to the Treasury, and what implications this can have. lynalden.com/broke-federal-…

Things I'm doing at 43 to avoid regret when I'm 73:

When you have to borrow more, at higher interest rates, this is what happens. It’s really simple. And scary.

Do you think #US Banks have unrealised bond losses, but #European Banks don’t?  Just remember European #Banks & European #Pensions, at some point, were buying negative-yielding bonds. This was never the case for US banks. The aggregate value of negative-yielding bonds reached

Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵

What you eat directly affects how you look. Here are 10 foods that improve your appearance:

A market so dumb it still can't tell the difference between #Bitcoin and shitcoin. 🎰

BREAKING: Authoritarians sue scammers, clueless masses dump their sound & censorship resistant money in response.

In a new study, 12 weeks of walking—just walking!—30 minutes, 4x/week, improved memory function and neural connectivity in both cognitively healthy older adults and those with cognitive decline. Why isn't this front page news?

I wrote a thing for your Normie frens, I hope you share it with them. Thanks to Rune Østgård for inspiration and editing. Thanks to Konsensus Network 📚 for hosting the article. This is aimed at helping people understand the evils of inflation. konsensus.network/read/king-henr…

A hill I’ll die on: This generation of dads are going the extra mile.