How things work on Wall Street
Submitted by gjohnsit on Wed, 07/20/2022 - 8:59pmBlackRock is the largest asset manager in the entire world.
That means they are the best in the world at what they do, amirite? Well maybe not.
BlackRock is the largest asset manager in the entire world.
That means they are the best in the world at what they do, amirite? Well maybe not.



It wasn't that long ago that when the U.S. president went overseas they were treated with respect. If I was to guess, the downtrend started with George Dubya Bush. Then it accelerated with Trump. Now with Biden, you get this.



Inflation is transitory.
It transitions you from barely comfortable living to poverty.
Government tell us we only have 7.6% inflation, but I can't find anything that hasn't gone up 10 - 20%.
Trying to do the math on this. It appears foreign nations are selling off US Treasury bonds (debt)
at record rates.
Foreign Governments Dump US Treasuries as Never Before, But Who the Heck is Buying Them?
Much like a stopped clock, Tony Blair is right once every couple decades.

Yesterday I detailed how Germany is totally freaking out over the shut down of Nord Stream 1.
It turns out they are right to freak out.

