ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸
ATAF - All True American Friendship and Independent Think Tank ATAF - Association: https://www.transam.org Economic Market Data in Real-Time: https://www.ataf.market ATAFmail is Freedom in Emailing: https://www.ataf.email
Show more3 610Subscribers
-224 hours
-217 days
-14330 days
Posts Archive
Show all...
🔥 Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem
Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most other Wall Street CEOs.”
But he’s actually sugar coating the problem. It’s far worse than he believes, or that he publicly lets on, if he’s deliberately understating how bad he knows the problem really is.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 High turbulence predicted for the US stock market
Renowned American economist and analyst Ed Yardeni stands out from the mainstream of Wall Street experts with his thoughtful and logical forecasts and reasoning.
The well-known economist attributed the market turbulence to the complex geopolitical environment that is weighing on oil prices, the lagging profit forecasts of some major U.S. companies (e.g., Tesla and Intel), a still-robust labor market and other factors that are preventing the Fed from making its long-awaited discount rate cut.
As Fed Chairman Jerome Powell has repeated many times since March 2022, the start of the rate hike, the road to lower inflation will be an uneven one for the economy and markets, with bumps and potholes. The price of a barrel of WTI crude oil has already risen from $71 to $85 this year on heightened geopolitical tensions, especially in the Middle East.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Markets Tumble as Fed Rate Cut Expectations Diminish
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to envision a rate cut occurring in May.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns
In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critical role of money supply in understanding economic health.
Schiff concludes by highlighting the critical relationship between money supply, inflation, and economic outcomes. He warns that ignoring the signs of an increasing money supply could lead to a repeat of historical economic downturns, emphasizing the need for vigilance and a reconsideration of current economic policies.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Tesla Stock Might Have Just Had Its Worst Quarter Ever. What’s Next.
For Tesla investors, it was a quarter to forget. They won’t get a mental break though. First-quarter deliveries are due in a few days.
Tesla stock dropped almost 30% in the first three months of 2024 making it the worst-performing stock in the S&P 500. It’s the third worst quarterly drop ever for shares and the worst first-quarter drop—so Tesla stock just had its worst start to a year on record.
The two worst quarterly drops, interestingly, were the second and fourth quarters of 2022. Both were when CEO Elon Musk was buying Twitter, which is now called X.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
Do you enjoy reading this channel?
Perhaps you have thought about placing ads on it?
To do this, follow three simple steps:
1) Sign up: https://telega.io/c/TransAmericanFriendship
2) Top up the balance in a convenient way
3) Create an advertising post
If the topic of your post fits our channel, we will publish it with pleasure.
🔥 Truth Social’s stock rockets in first day with Trump’s initials as its ticker
Trump Media’s stock nearly doubles in 2 days since merger closed, adding more than $2.5 billion to Trump’s wealth.
Shares of Trump Media & Technology Group Corp. soared in active trading Tuesday, as investors rush to buy the ticker symbol that bears the initials of the former president.
The stock’s DJT first trade with the new symbol “DJT,” for Donald J. Trump, was at $54.84 at 4 a.m. Eastern time, to mark a 9.8% gain from Monday’s closing price of $49.95.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 The Baltimore Bridge Collapse Is the Latest Disaster to Hit Global Shipping
The collapse of Baltimore’s Francis Scott Key bridge wasn’t caused by neglect or decay. It’s a reminder, however, of the fragility of shipping infrastructure in the U.S. and abroad.
The dramatic collapse of the Maryland span which is part of I-695, came after a containership plowed directly into a bridge support. The Wall Street Journal reported that about 20 people, along with a number of cars, had fallen into the river.
The bridge spans some of the waterways that lead into the Port of Baltimore, one of the busiest ports in the nation and a significant stop for cruise ships. The port—officially known as the Helen Delich Bentley Port of Baltimore—handles bulk goods such as steel as well as cars, trucks, heavy machinery, and shipping containers among other products.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago
If you want to get a fascinating insight into the crisis that has enveloped Boeing Co. BA, -0.79%, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder.
There you will find that the board of directors kept lavishing tens of millions in pay, bonuses and extra awards on Chief Executive David Calhoun, even as the company’s stockholder lost billions and the once-iconic company’s reputation went down the tubes.
You will find that Calhoun, a finance guy parachuted into the hot seat from private-equity firm Blackstone just over four years ago, was paid about 150 times more per year than the typical worker — i.e. the people building the planes.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Powell: Economy Progresses but Inflation Still 'Too High' to Adjust Benchmark Rate
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target.
Fed Pauses Rate Changes, Awaiting ‘Greater Confidence’ on Inflation
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion
Retroactive removal of deduction limits is a giveaway to corporations.
The retroactive elimination of these deduction limits is now enshrined in a compromise bill, which recently passed the House by a 357-70 vote because it also includes a temporary expansion of the child tax-credit. Although I support the expansion of the child tax credit, I strongly urge the Senate to offer business relief only to the future years when the relief could influence corporate behavior.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 RFK Jr. on AI and how to save freedom of speech
Independent presidential candidate Robert F. Kennedy Jr. talks about how AI is ‘lying to people’ and called AI is “terrifying.”
Elon Musk said AI will take our jobs, then kill us. There are frightening anecdotes of AI lying to people," Kennedy said. "The U.S. must develop responsible AI use, because AI is a deepfake security crisis.
Further, social-media sites must “permitting free speech."
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate.
A Fed rate cut in May is now very unlikely, but we still expect upcoming inflation data to be sufficiently improved to allow for a June cut.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 The World’s First Major AI Law Has Arrived. What the EU’s Rules Mean for Big Tech.
The world’s first comprehensive legal framework for artificial intelligence has been finalized. European Union lawmakers on Wednesday approved the bloc’s AI Act, which is likely to shape the approach of U.S. technology companies.
As whole, the legislation aims to protect European citizens’ rights from certain applications of AI and bring stricter oversight to the technology overall.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
Do you enjoy reading this channel?
Perhaps you have thought about placing ads on it?
To do this, follow three simple steps:
1) Sign up: https://telega.io/c/TransAmericanFriendship
2) Top up the balance in a convenient way
3) Create an advertising post
If the topic of your post fits our channel, we will publish it with pleasure.
🔥 Fed Chair Powell: No immediate plans for US CBDC
BREAKING: Fed Chair Jerome Powell has confirmed to the Senate Banking Committee that the Federal Reserve currently has no plans to launch a central bank digital currency (CBDC), alleviating concerns over privacy and government surveillance.
Powell’s statements come amid global developments in digital currencies, with other countries advancing their CBDC projects, and political debates in the U.S. regarding the future of a digital dollar.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Emergency Fed bank effort that bouyed banks amid banking collapse ends lending
Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires.
It’s a crucial test for the Federal Reserve, which is still shrinking its balance sheet via so-called quantitative tightening after years of stimulus meant to spur a pandemic recovery. If cracks start to appear in the funding market, that process stands to stall — and the stability of the banking system could teeter again.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani.
Default judgments aren’t contested. The whole point is that the defendant didn’t show up from his hideout in India or wherever to contest anything. So the judge literally has the SEC on one side and no one on the other.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 GOLD RUSH Mark Zuckerberg among millionaires Doomsday prepping by hoarding gold as election & cell outages spark end-of-times fear
MILLIONAIRES and elites are hoarding gold as part of their doomsday preparations as they look to barter with it, an expert has revealed.
Rose, the CEO of Genesis Gold Group in Beverly Hills, California, said he deals with people buying the precious metal for doomsday-prepping purposes every day.
Rose highlighted how doomsday prepping has become popular among millionaires such as Mark Zuckerberg and Sam Altman, along with pro athletes and other elites.
“You’re reading all these stories and these millionaires are buying gold and building bunkers and you're like ‘What the heck is going’ and it's a trend that everyone is doing.”
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
💥 US GDP "grew" $334 billion in Q4.... That growth cost $834 billion in debt
According to the Biden administration’s Bureau of Economic Analysis, US GDP rose 3.2% in Q4 2023, a modest drop from the 3.3% reported in the first estimate one month ago, and below the 3.3% consensus estimate.
Nominal GDP rose from $27.61 trillion in Q3 to $27.94 trillion in Q4, which shows that the US economy increased some $334.5 billion in absolute nominal dollar terms.
In other words, it cost $834.2 billion in debt during Q3 to grow the US economy by $334.5 billion, or exactly $2.5 in debt for every $1 in GDP "growth."
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Market Forecast: EUR/USD, GBP/USD, DXY, PMI, CPI, and Consumer Sentiment
US economic indicators set the stage with Core PCE Price Index, unemployment claims, and Chicago PMI.
Pending Home Sales decline signals potential shifts in consumer behavior and housing market dynamics.
Key upcoming events include ISM Manufacturing PMI, UoM Consumer Sentiment, and FOMC members' speeches.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Today's Market News
💥 NY Community Bancorp's stock drops 20% on CEO change, control issues
💥 Tesla expands charging to Ford, GM, eyeing billions in revenue
💥 Musk sues OpenAI, alleging deviation from AI mission
💥 Congress averts shutdown with short-term funding bill
💥 Euro Zone inflation eases, but core figures exceed expectations
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 CBDC Anti-Surveillance State Act Back in the Senate
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to surveil and control the spending habits of all Americans,” he stressed.
The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC.
As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal and control the spending habits of all Americans.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 ECB has fallen to its biggest loss in almost 20 years
Central bank losses are likely to be seized on by
critics of their recent massive bond purchases, with one case against this still pending in the German constitutional court.
Public finances will also be hit by an end to the big dividends finance ministers were used to receiving from central banks.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Google parent loses $70B in market value after ‘woke’ AI chatbot disaster
Google’s parent company lost more than $70 billion in market value in a single trading day after its “woke” chatbot’s bizarre image debacle stoked renewed fears among investors about its heavily promoted AI tool.
Shares of Alphabet sank 4.4% to close at $138.75 in the week’s first day of trading on Monday. The Google’s parent’s stock moved slightly higher in premarket trading on Tuesday.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 AI is Coming to Your Smartphone. Samsung, Google Take on Apple’s iPhone
Artificial intelligence is coming to the smartphone and it could change everything. That’s the key topic at Mobile World Congress, the world’s largest mobile and communications trade show, which is back in Barcelona next week.
In recent years, MWC has become a broader technology show. However, this year the smartphone will be back on center stage as manufacturers pitch AI as the next game changer for mobile devices.
Apple won’t be there - it will save its own AI announcements for its developers’ conference in June - but that means its rivals can try to steal a march on the iPhone maker.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 AT&T Says Outage Caused by Software Update, Not A Cyberattack
After a flurry of service outages Thursday, AT&T thinks it found the problem.
“Based on our initial review, we believe that today’s outage was caused by the application and execution of an incorrect process used as we were expanding our network, not a cyber attack,” the company said in a statement Thursday evening. “We are continuing our assessment of today’s outage to ensure we keep delivering the service that our customers deserve.”
Regulators, including the Federal Communications Commission, said they were keeping tabs on the situation. “We are aware of the reported wireless outages, and our Public Safety and Homeland Security Bureau is actively investigating.”
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website
🔥 Why are credit-card APRs so high? ‘There’s no reason other than greed,’ consumer advocates say
Credit-card APRs averaged 22.8% last year, but there are still ways cardholders can save money.
Credit-card issuers have been padding their interest rates, causing cardholders to pay inflated borrowing costs, according to new research from federal regulators.
Though credit-card annual percentage rates have climbed since the Federal Reserve began hiking its benchmark interest rates in 2022, a new analysis from the Consumer Financial Protection Bureau says that’s just part of the reason why it’s more expensive to have unpaid credit-card debt.
Follow & share 👇
Telegram | GETTR | Twitter | TRUTH | BMC | Website