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Zohran Mamdani pledges on his campaign website to raise taxes on white people. Zohran’s campaign website reads: “Shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods...”
Kudlow: “Taxing based on the color of your skin now that is a new low for our little radical friend. It’s also racist. It’s also against the law.”
Zohran Mamdani in a New York State Assembly speech: “We must dismantle systems of white privilege embedded in our housing and economic policies to achieve true equity.”
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Kudlow: “Taxing based on the color of your skin now that is a new low for our little radical friend. It’s also racist. It’s also against the law.”
Zohran Mamdani in a New York State Assembly speech: “We must dismantle systems of white privilege embedded in our housing and economic policies to achieve true equity.”
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Major central banks are shrinking their balance sheets at a record pace:
The Fed, the European Central Bank, the Bank of Japan, and the Bank of England have reduced their asset holdings by an average of ~$110 billion/mo over the last 6 months.
They have maintained this pace of reduction over the last 2 years.
By comparison, in 2019, the speed of decline was ~$30 billion, or almost 4 times slower, and only the Fed and ECB were conducting QT.
Currently, the ECB is reducing assets by ~$60 billion, the Fed by ~$35 billion, the BoJ by $10 billion, and the BoE by ~$5 billion per month on average.
In the past, when a significant amount of liquidity was withdrawn, markets saw heightened volatility.
Is market volatility set to return?
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The Fed, the European Central Bank, the Bank of Japan, and the Bank of England have reduced their asset holdings by an average of ~$110 billion/mo over the last 6 months.
They have maintained this pace of reduction over the last 2 years.
By comparison, in 2019, the speed of decline was ~$30 billion, or almost 4 times slower, and only the Fed and ECB were conducting QT.
Currently, the ECB is reducing assets by ~$60 billion, the Fed by ~$35 billion, the BoJ by $10 billion, and the BoE by ~$5 billion per month on average.
In the past, when a significant amount of liquidity was withdrawn, markets saw heightened volatility.
Is market volatility set to return?
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Vance confirms Marco Rubio’s findings. Only 12 cents of every dollar sent away as foreign aid is actually spent on what it’s supposed to be spent on
The rest is laundered by NGOs and their “subcontractors”
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The rest is laundered by NGOs and their “subcontractors”
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The massive crackdown saw police launch morning raids against 170 individuals, which saw police seize computers, cell phones, and tablets, and conduct searches in multiple locations across the country.
The action, which was conducted by the Federal Criminal Police Office (BKA), uses the new Criminal Code Paragraph 188 to target individuals accused of racism and hate speech.
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The action, which was conducted by the Federal Criminal Police Office (BKA), uses the new Criminal Code Paragraph 188 to target individuals accused of racism and hate speech.
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