Tuesday, April 12, 2022

Mohamed El-Erian: The Fed is scrambling to catch up with the markets

REPUBLICAN HYPOCRISY: Jared Kushner's $2 Billion Saudi Payday

O Yeah --- Economist Robert Reich, who was labor secretary in the Clinton administration, sniped: “After leaving the White House, Jared Kushner cashes in on being ‘foreign policy adviser’ to his father-in-law with a $2 billion investment from a fund led by the Saudi crown prince. Who wants to talk more about Hunter Biden’s lap top?”

Critics Mock GOP's Hunter Biden Slams In Wake Of Jared Kushner's $2 Billion Saudi Payday

"But Hunter Biden's laptop" loses its sting big time.

"After relentless Republican complaints and about Hunter Biden’s international business work while his father was vice president, critics find it particularly rich that the Saudis invested a massive $2 billion in a Jared Kushner fund shortly after he left his senior adviser role in a Trump administration remarkably accommodating to the Saudis.

The money dwarfs any income Hunter Biden is known to have earned while on a Ukrainian energy company’s board while his father was Barack Obama’s vice president. And Hunter Biden couldn’t curry favor with any foreign entities with a powerful White House position like the one Kushner held, when Donald Trump’s son-in-law was supposed to be representing the American public and not his own interests.

Kushner, a neophyte investment fund manager who was a real estate developer in his family’s business before Trump elevated him and wife Ivanka Trump to senior White House roles, reaped the massive reward even though a supervisory panel of the Saudi Arabian sovereign fund had serious reservations about Kushner’s new private equity firm, The New York Times reported.

The panel was concerned about “inexperienced management” of the brand new fund and found several aspects of the business “unsatisfactory,” according to documents obtained by the Times.
But the panel’s reservations were overruled by Crown Prince Mohammed bin Salman, a friend of Kushner’s and the recipient of significant Trump administration benefits.

Chet Atkins - Windy and Warm

Neptune has Fallen, Solar Storm Watch Thursday | S0 News Apr.12.2022

Federal Reserve's Messaging Has Been Incredibly Hawkish: Standard Chartered

Wahoo Arizona! . . .ALL FOR A BAG OF CHEETOS and it's a story with a Happy Ending

UNIQUELY ARIZONA that's for sure

Weird News 

Hungry Javelina Gets Stuck In Car, Goes For Ride In Arizona

The pig-like creature jumped in to get to a bag of Cheetos only to be trapped when the hatch closed
A hungry javelina in Arizona ended up going for a drive when it became trapped inside an empty car and bumped it into neutral. (Yavapai County Sheriff's Office via AP)

"CORNVILLE, Ariz. (AP) — A hungry javelina in Arizona ended up going for a drive when it became trapped inside an empty car and bumped it into neutral.

Deputies in Yavapai County responded to a call last week in Cornville, a community 10 miles (16 kilometers) south of Sedona, about a javelina stuck in a Subaru station wagon. Javelinas are pig-like animals that are native to desert environments.

 

The number of market opportunities ‘are shrinking in front of our very e...