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Recent Posts
- Trump’s “Big Beautiful Bill” Is a Grotesque Giveaway to Fossil Fuel Billionaires While Adding $3.3 Trillion to Nation’s Debt
- Senator Chris Murphy Charges that Trump “Has Opened a Channel for Bribery”
- Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors
- Trump’s Approval Rating Drops to 80-Year Low; IMF Says U.S. Tariffs Now Exceed the Highs During the Great Depression
- Nasdaq Has Lost More than 3,000 Points Since Trump’s First Full Day in Office in 2025; the Pain Has Barely Begun
- The Bond Crisis Last Week Was a Global No-Confidence Vote in U. S. President Donald Trump
- Trump’s Tariff Plan Guts $5 Trillion in Stock Value in Two Days; Senator Warren Calls for Emergency Action Before Markets Open on Monday
- Trump’s Attacks on Big Law, Universities, and the Media Have a Common Goal: Silence Dissent Against Authoritarian Rule
- Trump Administration Gives All Clear to Laundering Money through Shell Companies and Bribing Foreign Officials
- Four Megabanks on Wall Street Hold $3.2 Trillion in Uninsured Deposits – Which May Explain Senator Schumer’s Pivot to the GOP to Stop a Government Shutdown
- Here’s What Came Crashing Down Yesterday for Trump’s “Genius” Guy, Elon Musk: Tesla Stock, Access to Twitter (X), His Years of Secret Calls with Putin
- After Banning the Associated Press, Trump Is Now Targeting Specific Journalists That He Wants to See Fired
- Closely Watched Atlanta Fed Model Predicts Negative U.S. Growth in First Quarter
- Trump’s Gangster Diplomacy Makes Front Page Headlines Around the Globe
- Who Benefits Alongside Elon Musk If He Succeeds in Killing the CFPB: the Megabanks on Wall Street that Underwrite His Tesla Stock Offerings
- In Trump 1.0, the State Department Used Taxpayer Money to Publish a Book Elevating Elon Musk to a Superhero; It Was Funded by USAID, the Agency Musk Wants to Quickly Shut Down
- News Host Joy Reid Raises Threat of Trump Selling U.S. to Putin; Ten Days Later Her Show Is Cancelled
- Elon Musk’s DOGE Appears to Be Violating a Court Order; It Has Taken Down Hundreds of YouTube Videos that Educate Americans on How to Avoid Being Swindled
- Barron’s Releases Audio of Jamie Dimon Cursing Out His Workers at a Town Hall, as Dimon Plans to Dump Another One Million JPM Shares
- There’s One Federal Investigative Agency that Neither Trump nor Elon Musk Can Touch: It Just Opened an Investigation into DOGE
- Elon Musk’s Companies Were Under Investigation by Five Inspectors General When the Trump Administration Fired Them and Made Musk the Investigator
- Donald Trump Gives the Greenlight to Goldman Sachs and JPMorgan Chase to Return to Bribing Foreign Officials
- After Tech Geeks Built a Back Door to Loot Billions from FTX, Republicans Refuse to Investigate What Elon Musk’s Tech-Squad Did Inside the U.S. Treasury’s Payment System
- Former Prosecutor, Now U.S. Senator, Informs Tesla That CEO Musk May Be Violating Federal Law and to “Preserve All Records”
- Trump’s Hedge Fund Guy Is Now Overseeing the U.S. Treasury, IRS, OCC, U.S. Mint, FinCEN, F-SOC, and the Consumer Financial Protection Bureau
- As Elon Musk Begins Shutting Down Payments to Federal Contractors, a Strange Money Trail Emerges to His Operatives Inside the U.S. Treasury’s Payment System
- JPMorgan Chase Charged by Yet Another Internal Whistleblower with Cooking the Books
- We Asked Google’s AI Search Model, Gemini, Questions About the Fed and Wall Street Megabanks: It Got the Answers Dead Wrong
- With Trump and Melania’s Crypto Coins Likely to Raise Legal Challenges, Why Didn’t Trump Fire the SEC’s Inspector General in His Purge of IGs?
- Fossil Fuel Industry Could End Up Paying Tens of Billions for LA Wildfires and Deceiving the Public on Climate Change for Decades
- It’s Being Called the Biggest Grift by a President in U.S. History: Trump and First Lady Launch their Own Crypto Coins
- Trump Plans to Install a Fracking CEO to Head the Energy Department and Declare a National Emergency on Energy to Gain Vast Powers
- Fossil Fuel Money Played a Role in the Los Angeles Fires and the Push to Install Pete Hegseth as Secretary of Defense
- When It Comes to Wealth Retention in Retirement, Concrete May Be the New Gold
- Wall Street Watchdog Warns “Clock Is Ticking on a Coming Catastrophic Financial Crash”
- Wall Street Is Sending the Same Message to Americans on Fossil Fuel Financing that It Sent on Cigarettes: Drop Dead
- In a Six-Week Span, this Dark Pool with a Curious Past Traded 3.7 Billion Shares
- Wall Street’s Lobby Firm Hired Eugene Scalia of Gibson Dunn to Sue the Fed for Jamie Dimon
- Postmaster General Louis DeJoy Made $561,051 in Compensation in 2024, as Mail Costs Spiked and Delivery Deteriorated
- Fed Chair Jay Powell Sends a Bold Message to Trump and Tanks the Dow by 1123 Points
- The Head of Fixed Income at T. Rowe Price Makes the Scary Case for the 10-Year Treasury to Spike to 6 Percent
- $663 Billion in Cash Assets Have Gone Poof at the Largest U.S. Banks
- Donald Trump to Ring Bell at New York Stock Exchange Today as Hit List Posters Appear in Manhattan Targeting Wall Street CEOs
- Trump Has a Slush Fund to Prop Up the Dollar – Will He Use It to Prop Up Bitcoin Instead?
- A CEO Assassination; a Billionaire Heiress/NYPD Commissioner; a Secret Wall Street Spy Center – Here’s How They’re Connected
- Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair
- The Fed Rings a Warning Bell: Hedge Funds and Life Insurers Are Reporting Historic Leverage
- Trump’s Nominee for FBI Director, Kash Patel, Has Businesses Financially Intertwined with Trump
- Donald Trump Is at Risk of Getting Named in a Fossil Fuels Conspiracy Lawsuit
- Trump Is Having Difficulty Getting a Lawyer to Accept the Nomination for SEC Chair: Here’s Why
Category Archives: Uncategorized
The Head of Fixed Income at T. Rowe Price Makes the Scary Case for the 10-Year Treasury to Spike to 6 Percent

By Pam Martens and Russ Martens: December 17, 2024 ~ Arif Husain is the head of Global Fixed Income and Chief Investment Officer (CIO) of the Fixed Income Division of T. Rowe Price. He is also a member of the firm’s Management Committee. Husain holds a B.Sc. (honors) in banking and international finance from the City University London, Cass Business School. When Husain speaks, Wall Street listens. What Husain has been saying since October is that the U.S. is on a collision course with higher interest rates. In October, Husain released his interest rate outlook for the next six months, writing the following about the benchmark 10-year U.S. Treasury note, whose yield impacts mortgage rates and a wide swath of debt instruments: “I think that the 10-year Treasury yield will test the 5.0% threshold in the next six months, steepening the yield curve. There are three dynamics at play: 1. Fed rate … Continue reading
$663 Billion in Cash Assets Have Gone Poof at the Largest U.S. Banks

By Pam Martens and Russ Martens: December 16, 2024 ~ According to the December 6 release of Federal Reserve H.8 data, cash assets at the 25 largest U.S. banks have dropped by a stunning $663 billion from their peak levels on December 15, 2021. (See chart above, taken from the St. Louis Fed’s FRED graph, which is updated on an ongoing basis. Put your cursor on the FRED chart line here to get the weekly dollar figures.) Notice also on the chart that cash levels at the largest U.S. banks were a sea of calm for more than two decades prior to the financial crash of 2008, but since that time cash assets have displayed wild gyrations, rising sharply then precipitously plunging. It should provide no comfort to Americans that the wild gyrations on the chart above are a product of the central bank of the United States (the “Fed”) inserting itself, … Continue reading
Donald Trump to Ring Bell at New York Stock Exchange Today as Hit List Posters Appear in Manhattan Targeting Wall Street CEOs

By Pam Martens and Russ Martens: December 12, 2024 ~ The Associated Press is reporting that Donald Trump will ring the opening bell at the New York Stock Exchange at 9:30 a.m. this morning as Time Magazine is expected to name him its “Person of the Year,” also today. This appears to be the latest in growing efforts by Trump’s marketing machine to define deviancy down while attempting to normalize Trump’s unprecedented monetizing of the Presidency as nothing more than good ole capitalism. (The Trump Organization now has its own “official retail website,” TrumpStore.com, hawking everything from sweaters and gift wrap to a line of home goods, all emblazoned with the “Trump” name.) If Trump does show up this morning to ring the opening bell at the New York Stock Exchange, it will be his first time doing so. It will also be the first time that a 34-count convicted felon has … Continue reading
Trump Has a Slush Fund to Prop Up the Dollar – Will He Use It to Prop Up Bitcoin Instead?

By Pam Martens and Russ Martens: December 10, 2024 ~ The dark veil behind which the U.S. political system has operated since the U.S. Supreme Court’s Citizens United decision and its progeny turned presidential elections into a subtle form of payoffs and kickbacks has been lifted. Donald Trump is handing out cabinet posts and ambassadorships to his largest donors in the most scandalous manner in U.S. presidential history. Now Trump’s crypto megadonors are demanding their own form of a kickback – a Bitcoin Strategic Reserve, where the U.S. government would, effectively, prop up the price of Bitcoin by buying up large amounts each year and holding it as a Strategic Reserve. (Skeptics might be forgiven for seeing that as a means for Bitcoin billionaires to sell their Bitcoin without driving down the price too much because there is a perpetual buyer on the other side of their trade.) Most Americans have heard … Continue reading
A CEO Assassination; a Billionaire Heiress/NYPD Commissioner; a Secret Wall Street Spy Center – Here’s How They’re Connected

By Pam Martens and Russ Martens: December 9, 2024 ~ On Friday, this headline appeared in The Guardian newspaper: “Trump Assembling US Cabinet of Billionaires Worth Combined $340 Billion.” Receiving much less attention is the fact that the indicted Mayor of New York City, Eric Adams, named a billionaire heiress, Jessica Tisch, as the new Commissioner of the New York City Police Department on November 20. Tisch has never been a police officer – of any rank. Nonetheless, she will now oversee 36,000 police officers and 19,000 civilian employees at the NYPD. Tisch took her office on November 25. Nine days later, an unprecedented assassination of the CEO of UnitedHealthcare, Brian Thompson, took place on a Manhattan sidewalk outside of the New York Hilton Midtown hotel on December 4. The UnitedHealth Group, Inc., the parent of Thompson’s employer, is a stock component of the Dow Jones Industrial Average with a half-trillion-dollar market … Continue reading
Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair

By Pam Martens and Russ Martens: December 5, 2024 ~ Two years ago, more than 1,600 computer scientists, software engineers and technologists from around the world sent a letter to U.S. Senate and House Committee Chairs, Ranking Members, and Congressional leaders. There were 45 signatories that were employed at Google at the time; 19 who worked at Microsoft; 11 employed at Apple. There were signatories that are Ph.Ds from the most prestigious universities in the world, including the University of Oxford and MIT. And all 1,600 signed a letter that says this about crypto and blockchain: “We strongly disagree with the narrative—peddled by those with a financial stake in the crypto-asset industry—that these technologies represent a positive financial innovation and are in any way suited to solving the financial problems facing ordinary Americans… “As software engineers and technologists with deep expertise in our fields, we dispute the claims made in recent years … Continue reading
The Fed Rings a Warning Bell: Hedge Funds and Life Insurers Are Reporting Historic Leverage

By Pam Martens and Russ Martens: December 3, 2024 ~ The semi-annual Financial Stability Report released recently by the Federal Reserve Board of Governors rang a loud warning bell about high levels of leverage at hedge funds and life insurers. Wall Street watchers will no doubt recall that in 2008, during the worst Wall Street collapse since the Great Depression, Bear Stearns went under after it blew up two internal hedge funds the prior year and the giant life insurer, American International Group (AIG), blew itself up by acting as a counterparty to Wall Street’s derivative schemes and had to be taken into receivership by the U.S. government. On the matter of leverage at hedge funds, the Fed wrote this in its most recent Financial Stability Report: “Comprehensive data collected through SEC Form PF indicated that measures of leverage averaged across all hedge funds were at or near the highest level observed … Continue reading
Trump’s Nominee for FBI Director, Kash Patel, Has Businesses Financially Intertwined with Trump

By Pam Martens and Russ Martens: December 2, 2024 ~ Based on his Trump-related online merchandise offerings, Kashyap (Kash) Patel exudes the persona of a slick marketing agent and image handler for President-elect Donald Trump rather than a serious candidate for Director of the FBI. Nonetheless, Trump nominated Patel for the post of FBI Director on Saturday, keeping with his penchant for naming outrageously unsuitable candidates for high office. Patel’s merchandise offerings include a children’s book trilogy he authored, titled The Plot Against the King. Patel, apparently, has no problem profiling Trump as a King to whom he owes unwavering loyalty. Patel portrays himself in the books as the brilliant wizard who reveals the truth to the populace. Patel is also hawking his book on the first Trump administration, titled Government Gangsters: The Deep State, the Truth, and the Battle for Our Democracy. Notably, Patel sees no evil intent on the part … Continue reading
Donald Trump Is at Risk of Getting Named in a Fossil Fuels Conspiracy Lawsuit

By Pam Martens and Russ Martens: November 27, 2024 ~ According to reporting at the New York Times, on April 11 Donald Trump hosted oil executives and their lobbyists to a dinner at his Mar-a-Lago resort in Palm Beach, Florida and requested a quid-pro-quo. If they donated $1 billion to his campaign for president, “he would roll back environmental rules that he said hampered their industry….” Among attendees at the event, according to The Times, were executives from ExxonMobil, EQT Corporation and the American Petroleum Institute, which lobbies for the oil industry. Trump must have liked what he heard from the fossil fuel industry because when he accepted the presidential nomination at the Republican National Convention on July 18, he told the crowd this: “We will drill, baby, drill…We will do it at levels that nobody’s ever seen before.” By October 21, when Trump delivered remarks to a crowd of the religious … Continue reading
Trump Is Having Difficulty Getting a Lawyer to Accept the Nomination for SEC Chair: Here’s Why

By Pam Martens and Russ Martens: November 26, 2024 ~ The former mayor of New York City, Rudy Giuliani, has learned the hard way the cost of loyalty to Donald Trump and his prevarications. Giuliani has lost his New York law license; was disbarred in Washington, D.C.; has been ordered by a court to pay two defamed Georgia election workers, Ruby Freeman and her daughter, Shaye Moss, $148 million in damages after they became the victims of harassment and death threats after he and Trump spread voter fraud claims about them. This month, Giuliani pleaded for donations to his fundraising page, saying he can’t afford to buy food. Trump’s former personal attorney and “fixer,” Michael Cohen, was disbarred in New York and served time in prison for Trump-related crimes. And multiple other lawyers have seen their law licenses suspended for getting too close to Trump. Trump’s past history of separating lawyers from … Continue reading