/qrb/ - QResearch Bunker

Dough

https://fullchan.net/?d6ff9b0bdd83057c#6iWstaJUzM3xDT6csGtA4GGTDrT1dMm53pfbUrqexvrN

>>131810

ty B

GORDO15 USAF E-4B Nightwatch up from Edwards-been here since 0303 after arriving from Lincoln Muni as GORDO14

Tail #73-1676 and one of four

It's either done with the upgrades and heading back to Lincoln Muni or on a test flight.

The last one that was here (being worked on) departed Edwards and went up to Fairchild AFB, Spokane, WA for some fly-bys and then back to Lincoln Muni-it returned to Edwards AFB the next day so something wasn't "right" and it returned to Edwards.

This is not that one.

>>131694 pb

French AF CTM0009 Falcon 2000 departed Cairo Int'l after an overnight

Turkish AF TR010 CL600 departed Riyadh after about 7 hours on the ground-back to Ankara

Barclays Reveals $600 Million Mystery Loss On VXX-Linked Notes, Delays Buyback, Shares Tumble

Two weeks ago, Barclays shocked many market participants when it suspended, until further notice, any further sales from inventory and any further issuances of its iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) - among the most utilized VIX proxies in the market - and its iPath Pure Beta Crude Oil ETN (ticker OIL)

According to a press release at the time, the suspension was because "Barclays does not currently have sufficient issuance capacity to support further sales from inventory and any further issuances of the ETNs."

But the brief statement left market participants with more questions than answers. Since the suspension, VXX has entirely decoupled from its underlying asset (VIX) and also other VIX-based trackers such as VIXY (but we note that OIL and Crude oil prices remain tightly coupled since the suspension)...And now we get some more color on why Barclays suspended the two ETNs as the bank released a somewhat opaque statement admitting that it "over-issued" structured notes related to one or both of these ETNs

"As part of its structured products business, Barclays Bank PLC (“BBPLC”), a subsidiary of Barclays PLC (“BPLC”), is a frequent issuer of structured notes and exchange traded notes in the United States and elsewhere. These securities are often issued to meet actual and anticipated client demand for such securities.

BBPLC has determined that the securities offered and sold under its US shelf registration statement during a period of approximately one year exceeded the registered amount (such excess, the “Affected Securities”) giving rise to a right of rescission among certain purchasers of Affected Securities requiring BBPLC to repurchase the Affected Securities at their original purchase price. As a result, BBPLC has elected to conduct a rescission offer to eligible purchasers of the Affected Securities. Details of the rescission offer will be published by BBPLC in due course." As The FT reports, a footnote reveals that Barclays had a registered maximum offering size of $20.8bn for its ETNs, and exceeded that by about $15.2bn.

Quite the miss. Those securities now have to be bought back at the original purchase price, and incur the estimated $600 million loss.

The approximate $600 million loss is 'net of tax' so is actually a considerably larger hit to the top-line. Barclays does not expect the loss to materially impact its regulatory capital ratio (which it expected to be in the middle of the 13-14% target range as at 31 March 2022), but it is material enough to delay the beginning of the bank's buyback program..."Due to the current proximity to its closed period, the £1bn share buyback programme announced on 23 February 2022 as part of FY21 Results is now expected to commence in Q222 following the publication of BPLC’s Q122 Results Announcement."

There will now be an investigation - both internal and by regulators - to clarify just WTF happened here: "Barclays has commissioned an independent review of the facts and circumstances relating to this matter including, among other things, the control environment related to such issuances. Separately, regulatory authorities are conducting inquiries and making requests for information." We are sure they will get to the bottom of this... and 'no wrongdoing' will be discovered. The mystery remains.

The error was called “basic”, “bizarre” and “embarrassing” by analysts, and Barclays said it was investigating the cause and fielding questions from regulators. And later this morning, Barclays shares are tumbling over 10% following reports that a major shareholder is selling about 575 million shares in a block trade that could fetch as much as 867 million pounds ($1.1 billion). (US ADRs shown below).

Bloomberg reports the price range is 147.50p to 150.75p per share or a 8.1% to 6.1% discount to the close, terms show.

The identity of the seller wasn’t disclosed. Barclays’ three largest shareholders are BlackRock, Vanguard and the Qatar Investment Authority, according to Bloomberg data.

So perhaps that "embarrassing" confidence-questioning over-issuance loss in structured notes is now priced in.

As a reminder, Chief Executive Officer C.S. Venkatakrishnan, who took charge of the lender last November, was the group’s chief risk officer at the time the registration document was filed.

https://www.zerohedge.com/markets/barclays-reveals-600-million-mystery-loss-vxx-linked-notes

>>131816

test flight

>>131698, >>131699, >>131701 Screencaps:Virginia Thomas texts to Mark Meadows-foxbiz tv caps

this gets better and better...

The Money Trail to the Ginni Thomas Emails to Overturn Biden’s Election Leads to Charles Koch

The Washington Post’s Bob Woodward and Bob Costa of CBS News have unleashed a fury of renewed interest in the work of the House Select Committee investigating the January 6 attack on the Capitol. Last Thursday, Woodward and Costa set off a political firestorm when they released the contents of emails that Ginni Thomas, wife of the sitting Supreme Court Justice, Clarence Thomas, had sent to President Donald Trump’s Chief of Staff, Mark Meadows, in 2020, urging him to overturn the Biden election win and attempting to steer his efforts in that regard.

A total of 29 emails were obtained by Woodward and Costa, with the bulk of the emails occurring in just the month of November 2020, raising questions as to how many more emails are still out there from Thomas to the White House from December 1, 2020 through January 20, 2021 when Biden was sworn in.

Much of the current news debate around the emails is focusing on whether Clarence Thomas should recuse himself from cases involving groups with which his wife is involved and whether the Select Committee should subpoena Ginni Thomas to testify. While those are certainly important issues, what has thus far been ignored is the smoking gun trail that leads directly to the doorstep of billionaire and right-wing Republican political mastermind, Charles Koch, the Chairman, CEO (and majority owner with the heirs of his deceased brother David) of the fossil fuels conglomerate Koch Industries.

Wall Street On Parade has previously documented that at least three of the front groups that fomented the Big Lie that the 2020 presidential election had been stolen from Trump and that actively solicited thousands of people to turn out for the January 6 event at the Capitol, were funded by Koch Industries or its front groups.

The smoking gun in the Ginni Thomas email thread occurs in an email dated November 10, 2020 when she tells Meadows to “Listen to Rush. Mark Steyn, Bongino, Cleta.” Thomas is clearly referring to conservative commentators Rush Limbaugh, Mark Steyn and Dan Bongino, and lawyer, Cleta Mitchell.

Cleta Mitchell is best known in the Trump election saga as the lawyer who was on the January 2, 2021 call with Donald Trump when he phoned the Secretary of State of Georgia, Brad Raffensperger, and told him this: “I only need 11,000 votes. Fellas, I need 11,000 votes. Give me a break.” That call took place two months after the presidential election. (Mitchell stepped down from her long-term employment at law firm Foley & Lardner after her presence on that call made the news cycle.) But Cleta Mitchell’s relationship with Ginni Thomas dates back at least a decade earlier – and not in a good way. Cleta Mitchell had filed an amicus brief in the Citizens United case before the Supreme Court that was decided on January 21, 2010. That case would be the tipping point to allow unlimited sums from corporations – like Koch Industries — in U.S. elections. Just eight days after Justice Thomas voted in favor of that decision to open the floodgates to corporate money in campaigns, Cleta Mitchell made a move that looked very much like a quid pro quo to Ginni Thomas. Mitchell, then still a partner at Foley & Lardner, filed an application with the Internal Revenue Service to set up a nonprofit called Liberty Central, Inc. on behalf of Ginni Thomas. According to IRS tax filings, Liberty Central received a combined $1.478 million from dark money donors in 2009 and 2010. On the IRS tax filings for Liberty Central for 2009 and 2010, Ginni (Virginia) Thomas is listed as President and CEO. The 2010 tax filing shows that Ginni Thomas received $120,511 in compensation from Liberty Central that year. She eventually stepped down from an official post at the nonprofit, stating she would serve as a consultant.

Liberty Central had the fingerprints of Charles Koch all over it. Acting as General Counsel in 2010 for Liberty Central was a former lawyer for the Charles G. Koch Foundation, Sarah Field. A former Koch lobbyist, Matt Schlapp, served on the Board of Liberty Central at inception. Mitchell’s law firm, Foley & Lardner, employed three attorneys working as lobbyists for a Koch Industries affiliate, Koch Companies Public Sector, LLC in Madison, Wisconsin in 2011. The Koch-related lobbyists were Ray Carey, Jason Childress and Kathleen Walby. Mitchell, herself, was a former lobbyist at the federal level in years 2005 through 2008 for the Alliance for Charitable Reform, a project of The Philanthropy Roundtable, another tax-exempt organization. Donors Trust and Donors Capital Fund, two dark money groups which also have Charles Koch’s fingerprints all over them, were spun off from the Philanthropy Roundtable in 1999.

1 of 2

>>131776 Silver: as soon as trading opens up the expected hit job on Ag..straight down on open

Hit job on the open no longer reflected

https://www.kitco.com/charts/livesilver.html

>>131436 Mkt Fag: Historic Treasury Front-End Selloff Approaching Peak As 2Y Notes Trade Below "Fails Charge"-zh

Surprisingly Strong 5Y Auction Stops Through, Concluding Day Of $100BN In Supply

After today's ugly, tailing $50 billion, 2Y auction and amid general chaos in the bond market which saw both the 3s5s and 5s30s yield curves invert, the question was not if today's sale of $51BN in 5Y paper - the second coupon auction of the day - would be ugly, but how much. Yet, as always happens when everyone expected another dismal print in the belly of the curve, the auction came and it wasn't that bad.

the hidden hand of Mrs Watanabe

Printing at a high yield of 2.543%, the yield was - as expected - the highest since Dec 2018, and while it was a whopping 66bps wider than last month's 5Y sale, it actually stopped through the When Issued 2.553% by 1bp....one bp...:I, the third consecutive stop through for the tenor.

The bid to cover, likewise, was a pleasant surprise, and at 2.53 was not only stronger than last month's 2.49, but was the highest since October.

Internals were a little weaker, with Indirects taking down 60.2%, below the recent average of 63.0% and down from last month's 67.8%, and with Directs taking down 19.7% - the highest since Sept 2021 - Dealers were awarded a high 20.1%, the most since November. And since they can no longer flip that to the Fed as part of daily POMOs, we may see some additional post-auction pressure as Dealers rush to dump this ticking time bomb.

at least in an official capacity

Overall, a solid auction in light of the burst of supply today and now all eyes turn to tomorrow's 7Y belly buster which will need much more luck to pass as smoothly as this auction.

https://www.zerohedge.com/markets/surprisingly-strong-5y-auction-stops-through-concluding-day-100bn-supply

>>131804 pb

SPAR92 USAF G5 NATO weenies in at San Antonio Int'l

>>131718 SAM416 G5 was at Pine Gap on 0325 for 24 hours

SAM416 USAF G5 east from Peterson AFB overnight

BAT12 USAF C-130 Hercules returning to Davis-Monthan AFB under 7700 squawk

Safe landing Pilot

EXEC1F USAF G5 departed Bakerfield after a ground stop-departed LAX earlier after arrivnig from Denver Int'l yesterday

SAM712 USAF G5 has shadowed Flauxtus since Friday with stops at Philadelphia, Memphis and Denver

Jill Biden comes to Bakersfield for the commemoration of Cesar Chavez’s birthday

https://www.turnto23.com/news/local-news/jill-biden-comes-to-bakersfield-for-the-commemoration-of-cesar-chavezs-birthday

Mkt Fag: Moar short annihilation edition

Red the entire day on the DOW-until the last 24 minutes which caused moar shorts to give it up and the increase in volume towards the close...lather, rinse repeat.

But take note of two big boi exits the first one in cap#2 on the NAS at 11:18am with a YUGE volume spike 1.78B-and just before European mkts closed. It was barely in the red all day and got to it's LOD (barely down) about one hour later then the instant reversal......the other big one on the DOW at 11:00am EST-cap #3 2.69m

Take note of the literal cratering of the yield curve-warned multiple times since early February-courtesy of zh chart cap#4

Also keep in mind the only thing that is keeping the dollar where it is at is the collapse of the Yen-cap #5

all pb

see: >>129420, >>129421, >>129422 Shock Commodities Spike Threatens to Push Yen to Six-Year Low-bnnBberg

>>130354 Kishida hints at more sanctions on Russia over Ukraine invasion and Yen nearing an intervention

>>130882 BOJ maintains loose policy, calls further yen fall unlikely

>>131316 The Japanese yen continues to fall after hitting 6-year low against U.S. dollar following hawkish Fed remarks

Oil is now at $103.4x and Muh China lockdowns continuing to work on this-hope Aramco got those mechanics worked out over the weekend-kek

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

Some headlines

Fed Factory Surveys Show Pickup in Inflation Expectations

https://www.bnnbloomberg.ca/fed-factory-surveys-show-pickup-in-inflation-expectations-1.1744247

Tesla to seek shareholder approval for stock split; shares surge

https://www.marketscreener.com/quote/stock/TESLA-INC-6344549/news/Tesla-to-seek-shareholder-approval-for-stock-split-shares-surge-39885206/

covered this before but worth mentioning

Russia and West at odds over gas payments in roubles

*Russia to decide on gas payment mechanism by Thursday

*EU countries still at odds on how to pay in roubles

*G7 nations refuse to pay for Russian gas in roubles

https://www.reuters.com/business/energy/russia-working-out-method-accepting-gas-payments-roubles-says-kremlin-2022-03-28/

>>131593, >>131594, >>131599, >>131602, >>131604, >>131605, >>131606, >>131607 rt posts pepe "RESPECT CONTRACTS and some discussion

>>131831

and the ijit who reposted it

>>131827

EXEC1F and SAM712 G5s on descent at JBA from Bakersfield departure

Tokyo Traders Ready for Another Day of BOJ Intervention

Japan bond and currency traders are braced for further volatility Tuesday with the central bank set to continue with its unprecedented intervention in a bid to cap a surge in yields.

Bonds are expected to remain under pressure even after the Bank of Japan pledged to buy an unlimited amount of benchmark notes over the next three days. While a retreat in Treasury yields overnight may bring a short-term respite, longer-dated Japanese bonds outside the BOJ’s control are seen as vulnerable, especially if there is further volatility in global markets. “From March 29-31, they know the BOJ is available to buy bonds at least once a day, but it’s not that the central bank is available 24 hours a day, so there will still be selling pressure from those who need to unwind when they want to,” said Naomi Muguruma, a senior market economist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo. “The 10-year yield could top 0.25% if such selling intensifies between BOJ operations.”

Japan’s central bank intervened in the market in an extraordinary manner Monday after a slump in global bonds pushed benchmark yields to the upper end of its 0.25% tolerated limit. It conducted two unlimited purchase operations Monday and announced plans for more through Thursday a move which sent the yen plummeting to a seven-year low. >>131830 Also keep in mind the only thing that is keeping the dollar where it is at is the collapse of the Yen-cap #5

The intervention underscored the central bank’s commitment to keep monetary settings loose, following Governor Haruhiko Kuroda’s earlier remarks that policy will remain unchanged even if inflation jumps. But it failed to push yields lower -- the 10-year closed at 0.25% Monday.

totally IMPOTENT

While the 10-year benchmark is capped, the BOJ has let super-long yields rise, saying too low levels in these sectors would be negative for investors and the economy. The 30-year yield touched 1% Monday for the first time in six years.

The BOJ action spilled into the currency market sending the yen to a seven-year low and sparking chatter of further intervention, this time from the government. Japan is caught between a dovish BOJ and hawkish Federal Reserve which has widened the yield gap between the two countries and pushed down the yen.

https://www.bnnbloomberg.ca/tokyo-traders-ready-for-another-day-of-boj-intervention-1.1744305

SAM501 USAF C-40B ne from Hickam AFB depart-this is a State Dept AC

This one was also at Pine Gap on 0325 but it has no trace after it's departure west from Brisbane on 0325-cap #2 and there for longer than SAM416 as it reappears heading east on 0327and drops from the scope east of Brisbane at 35k ft-cap #3

So two VERY high level ACs at Pine Gap on 0325/26

see below article

>>131718 SAM416 G5 was at Pine Gap on 0325 for 24 hours

and here who it was with these two ACs

US, Australia Boost Space and Cyber Co-Operation To Counter China

The U.S. and Australia are boosting safety cooperation in space and the cyber area because the Indo-Pacific allies strengthen efforts to counter China, which is investing closely in space and weapons akin to hypersonic missiles, reported Financial Times.

Admiral John "Lung" Aquilino, head of U.S. Indo-Pacific Command, was joined by General James Dickinson, head of U.S. Space Command, and Lieutenant General Charles "Tuna" Moore, an Air Force fighter pilot and deputy head of U.S. Cyber Command.

The three flag officers have been talking forward of conferences with the Australian army and intelligence officers at Pine Gap, a top-secret joint US-Australia intelligence facility.

https://www.benzinga.com/news/22/03/26317206/us-australia-boost-space-and-cyber-co-operation-to-counter-china-ft

>>131842

*renamed Army St in SF

left that out

Several scenes in Bullitt

Where the start of the chase scene begins they go west on Army St.

Before the actual ballz out part starts..the creeper part

SPAR28 USAF G5 west from Osan AB SoKo after departing from Hickam AFB, Oahu with a ground stop at Yokota AB, Japan for about 50 minutes

At Osan for about 5 hours

Citic Becomes China Huarong’s Largest Shareholder in Overhaul

China Huarong Asset Management Co. said state-owned Citic Group will replace the Ministry of Finance as its largest shareholder, marking the latest step in the overhaul of the troubled bad-debt manager. Citic Group will receive 2.41 billion domestic Huarong shares from the ministry to “optimize the layout of state-owned financial capital,” according to an exchange filing Tuesday. The transfer would increase Citic’s stake in Huarong to 26.46%, and bring the ministry’s ownership down to 24.76%.

While Huarong remains a state-owned financial institution, the move would leave the company one step removed from direct government control -- a change that may unnerve some creditors. Huarong roiled Asian credit markets last year as it failed to release its annual report on time, eventually revealing a massive loss for 2020. Citic Group, one of China’s biggest state-owned conglomerates, initially took a 23.46% stake in Huarong in November after leading a group of investors in a $6.6 billion government-orchestrated bailout of the bad-debt manager.

Huarong reported net income of 378.5 million yuan ($59.4 million) for 2021 on Tuesday, compared with a record loss of 102.9 billion yuan a year earlier. Chairman Wang Zhanfeng said in a statement that Huarong has stabilized its business and improved risk management in the past year, but he added that 2022 presented more challenges. The company faces a “more complex, severe and uncertain external environment in the post-pandemic era,” Wang said.

Shares of Huarong fell 1.4% in Hong Kong as of 9:44 a.m. The stock has slumped more than 60% since it resumed trading in early January, and investors remain jittery and divided over the industry’s long-term growth prospects.

Created following the Asian financial crisis in the late 1990s to safeguard China’s state-owned banks, Huarong and its peers expanded into everything from insurance and leasing to brokerage and trust through cheap borrowing from onshore and offshore markets, and turned into major shadow lenders themselves.

https://www.bnnbloomberg.ca/citic-becomes-china-huarong-s-largest-shareholder-in-overhaul-1.1744349

CROWN01 USAF C-130 Super Hercules off SoKo from Osan AB-was in Int'l waters earlier and now tracking just on shore of west Soko.

In for where it came from and the stops it has made on it's way to SoKo as well as it's call sign

Arrived at Osan from Yokota AB on 0326

Departure from Eglin AFB on 0322 late with a stop at Moffett Federal Airfield 0323 for about 8 hours (Alphabet has a 60 year lease on a large portion of this former Navy and AF base-that was granted by the Hussein Admin. in 2014)

Departed Moffett for Elmendorf arrival on 0323

Late depart on 0324 for 0325 arrival at Yokota and then depart to Osan on 0326

Not an every day sight here

CW12 F-15 Eagle from Lask AB and looks like it's heading to Rzesow

61-0039 USAF B-52 Stratofortress se from RAF Fairford

>>131850

night

Hello QRB, UK Bread checking in.

Our vidanon who has the graphics capabilities just dropped this enhancement of the WW coaster pic. I’m thinking wtf? One, if he could do that with the pic why the hell didn’t he do that sooner? Or any other anon?

Idk, the girl kinda looking asian with his enhancement. Two, not sure why she came out but the guy looks like Mr Sardonicus. What might help an enhancement for the woman? Not sure what to call it but am thinking make-up. Foundation or somethin?

Maybe unrelated but has anyone ever noticed it looks like asian night at WW in the Q pic? Looks like a bus dropped off a bunch that night.

Well, am not saying I am biting on the pic enhancement. Just sherin.

We are still looking at the burned out carnival lights in the WW pic.

Are making progress. Finding moar and moar other lights to corroborate the timeframe.

>>131856

‘Night anon. UK out.

>>131858

Heya, Boat. Could be. What’s the timeline for ES being involved with FF?

>>131862

You bakin’ right nao? Late.

I had this thought that just like in Red October the normies who were forced to abandon ship (by subterfuge) are now watching their “captain” Deep State ‘doing battle’ as they cheer from lifeboats. Seems like lots more symbolism there too: abandoning ship like being forced to abandon their fake mindset, forced to the surface of consciousness from their deep sleep. Think of the war in Ukraine. They are cheering on their ‘given’ champion. We are watching a movie. Moar going on than we know.

>>131868

You know, with all the artificial lights going on? Who knows exactly. It’s there.

Anon posted this in General

Q #3387

"Note next (6) years

Fugg Mang! 2025?

in n out today. did a quick earlies bake next door and out.

bidness bizzy

morn'n all. hope'n the day is guud across the fruited plains

>>131871

habs a smooooooov one

>>131873

kek, saw dat

didn't pay attention to previous. luuks like prev baker was staging and forgot.

>>131874

guud thing oss minion aren't on yet. dhey be habb'n heart attack right nao

>>131880

waitin for the onslaught now

kek

STEAK99 USAF E-4B Nightwatch departed from JBA after arriving as GRIMM99 from Mildenhall on 0327

Continuing with the movie theme(s) for these call signs

Matrix released in 1999

02-4452 USAFSOC C-32B wn from McGuire AFB

STEAK99 USAF E-4B Nightwatch departed from JBA after arriving as GRIMM99 from Mildenhall on 0327

Continuing with the movie theme(s) for these call signs

Matrix released in 1999

02-4452 USAFSOC C-32B wn from McGuire AFB

A little busier over Yerp/Med this morning

00000000 USAF B-52 Stratofortress heading south nao after being over the Black Sea earlier-currently over eastern Czech Republic-red dot

The usual tankers Dutch and USAF up so won't bore with those

Start from the south

French AF E11042 A330 north from Niger ground stop with CTM221 Falcon 2000 north from southern Mali

JAG88 and 99 USAF Beech Super King Air se from Corsica Bastia Poretto Int'l Airport

FIAT30 and PICO40 KC-46 Pegasus tankers ne from Moron AB

Swiss AF SUI555 (check't) Pilatus 24 nw from Prishtine, Kosovo ground stop-not on ground for very long

Turkish AF JGM301 C-130 Hercules se from Sarajevo ground stop

NATO11 E-3TF Sentry AWACS in it's customary northern Romania position

RAF RRR7231 RC-135 Rivet Joint done over it's northern Romania position

00000000 USAF B-52 Stratofortress heading nw nao after being over the Black Sea earlier

JAKE12 USAF Rivet Joint on the eastern Polsih border

RCH130 and RCH116 USAG C-17 Globemasters west from just east of Poznan

Mkt Fag: Yet moar "peace" is breaking out...again...kek

Choppy open for all indicies-of note the DOW basically staight down for about 90 minutes with vanishing volume-these are being used as exits cause the volume drops during the slide down but as you can see it is still up about .70%. NAS is a little under double that but berry choppy-they are still in the "muh 'puter ain't telling me wut to do" mode.-the ubiquitous declining volume here as well. Looks reeeeally tired and being propped for an additional exit (and short covering) cause yesterdays big spike was not just an exit-I'm sure there were some longs in dhere as well and they were promptly "rewarded" today. Cap#2 here >>131830

Oil continues it's China lockdown drop and we have an OPEC+ meeting-was down abut 5% moar than current -see cap #3 and just under $103/pbl

Here is a laugher and when have they ever NOT done this (better hurry up Mr Abdulaziz...tick,tock on Aramco IPO)

BTW Russia is = to about 10% of the worlds Oil production so this can easily be made up by OPEC+ but lets not "play politics"...kek

UAE, Saudi say OPEC+ should not play politics

https://www.reuters.com/business/world-economy-will-be-hit-if-oil-supplies-are-threatened-saudi-energy-minister-2022-03-29/

Treasury Yields are taking a breather here (i.e. backing off) and now we have the 2 and 10 year collapsing as well. Yesterday saw the 30 yr below the 5 year see cap #4 here >>131830 (it's kinda messy but it is there). YTD the Treasury "index" has lost about 6.2 % and that is the worst it has been since 1973. No issue here....kek. Cap#4 for curent 10 year-we've got a 7 year today see >>131823 and when I first started tracking the reverse-repo process (stopped when it hit $70T) the bulk of those at the start (CUSIP #'s) were 5 and 7yr notes. What we are seeing is the yield curve collapsing (situation) and really no consequences of that overtly visible (herro B.O.J). The Yen taking a breather here but still on it's devaluation pattern...see >>131838 Mebby they are wating for 130 but may even wait longer as they have been in complete denial about it's decline for a long time see cap #5 here >>131830 and the relevent linkys since earlier this month. Our fren Ag is recovering for a mild hit earlier -0.33 -1.33% at present and has almost worked it's way back to negate a larger loss earlier-see cap#5

Some headlines

The "peace breaking out" headline-one of many

Shares surge after "encouraging" Russia-Ukraine talks

https://www.reuters.com/business/global-markets-wrapup-1-2022-03-29/

and in thank you Captain Obvious but really it's not under YOUR control news

Fed’s Harker Says He Is Looking For ‘Methodical’ Hikes This Year

https://www.bnnbloomberg.ca/fed-s-harker-says-he-is-looking-for-methodical-hikes-this-year-1.1744649

and in mebby you shouldn't be trusting any of these bankers and it's only when they lose do they bitch news

Credit Suisse Client Lost Over $550 Million, Judge Rules

https://www.bnnbloomberg.ca/credit-suisse-client-lost-over-550-million-judge-rules-1.1744620

here is the hilarious statement of the article

>Geneva’s top financial-crimes prosecutors continues to investigate Credit Suisse

I bet you are....

Probably already posted 50 times, but....

Madison Cawthorn affirms Washington DC is like the movie House of Cards and said people that he’s looked up his whole life who are now in their 60’s or 70’s have invited him to an orgy at their home and others have done cocaine in front of him.

Starts at 2:12, but the podcast lead-in is pretty good:

https://m.youtube.com/watch?v=xEEpnrZgoJU

SAM734 USAF G5 west from JBA depart

Arrived at MacDill AFB CENTCOM on 0326 as SAM179 from "Cold Response" exercises in Norway and then back to JBA on 0327 >>131617, >>131630 pb

>>131895

usually a few issues after first post

then clears up-do the usual cleaning but that doesn't matter.

It no likey me in the morning

go figure

pretty standard nao.

>>131888

JAG99 and 88 USAF Beech Super King Air on descent for Souda Bay NSA, Crete from Corsica depart

They departed Prestwick Int'l earlier today and had a ground stop at Corsica

Waco, TX depart on 0324 with a ground stop at Buffalo/Niagra Int'l then to Goose Bay

Departed Goose Bay, Labrador on 0325 and a stop at Keflavik AB, Iceland

departed Keflavik on 0327 to Prestwick

82-8000 USAF 747 up from JBA

They must be planning on trotting out BOTUS in a few days or it just a cert flight.

>>131890

>we've got a 7 year today

Subpar, Tailing 7Y Auction Concludes Treasury Sales For Q1

After two mediocre auctions to start the week, when in a $101 billion supply doubleheader the Treasury auctioned off both 2Y and 5Y paper on Monday, moments ago Janet Yellen concluded the final auction for the quarter, when the US sold $47 billion in 7 Year paper in another subpar sale.

The auction stopped at high yield of 2.499%, up 59 bps from February and the highest since February 2019. It also tailed the When Issued 2.486 by 1.3bps. On the flipside, the Bid to Cover rose modestly to 2.443 from 2.364, not only well above the six-auction average of 2.309, but the highest since August 2020.

Finally, the internals were mixed with Indirects awarded 60.9%, the lowest since December, and with Directs surging to 28.55%, up sharply from the recent average of 21.65% and the second highest on record, meant that Dealers tumbled to just 10.52%, far below the recent average of 16.85% and the third lowest in history, with just April 2017 and Sept 2017 lower.

Overall, a subpar auction and one which pushed the 10Y slightly higher for the time being, however expect that the curve flattening will resume momentarily and the 2s10s will invert any second now.

https://www.zerohedge.com/markets/subpar-tailing-7y-auction-concludes-treasury-sales-q1

>>131890, >>131907

>and the 2s10s will invert any second now.

It's right on it and waffling but habbeing

U.S. Two- and 10-Year Yields Invert, Flashing Recession Signal

The U.S. two-year yield exceeded the 10-year Tuesday for the first time since 2019, inverting yet another segment of the Treasury curve and reinforcing the view that Federal Reserve rate increases may cause a recession.

The inversion occurred as two-year yields rose while 10-year yields declined, crossing at a level of about 2.39%. Prior to 2019, when the curve inverted in August during a U.S. trade spat with China, the last persistent inversion of the Treasury curve occurred in 2006-2007.

Short-term yields that are higher than long-term yields are abnormal, and they signal that high levels of short-term yields are unlikely to be sustained as growth slows. The inversion of the two- to 10-year segment of the Treasury curve is the latest in a series beginning in October, when 20-year yields topped 30-year yields. In the past month, inversion has come to the 7- to 10-year and the 5- to 7-year segments, among others

https://www.bnnbloomberg.ca/u-s-two-and-10-year-yields-invert-flashing-recession-signal-1.1744762

https://www.marketwatch.com/investing/bond/tmubmusd02y

https://www.marketwatch.com/investing/bond/tmubmusd02y

>>131909

read muh mind

just gonna ask if ya had one

good

>>131893

https://cawthorn.house.gov/

Morgan Stanley to enter ETF market

Morgan Stanley has revealed plans to break into the exchange-traded fund market with a new platform that plans to launch its first ETF offerings later this year and take on established rivals, including BlackRock and State Street. The investment bank currently has existing mutual fund offerings through its MSIM arm and its acquisition of Eaton Vance, as well as a private fund platform with over $200 billion in alternatives capital for clients. The memo notes that the initiative will be overseen by Morgan Stanley's new global heads of ETFs and ETF capital markets, Anthony Rochte and Allyson Wallace. Rochte will report to Morgan Stanley's managing director and co-head of strategy for investment management Anton Kuzmanov and Wallace will report to Rochte.

Prior to joining Morgan Stanley, Rochte co-headed Goldman Sach's Private Bank Select business. In addition, he previously served as Fidelity Investments' head of institutional investment and technology solutions, where he was responsible for building and leading the company's ETF business, and held senior roles at State Street and iShares. Meanwhile, Wallace comes from BlackRock, where she most recently was the global head of fixed income product architecture and platform for the iShares ETF platform. She also previously served as BlackRock's co-head of global markets for iShares Global Markets Americas and held various roles in Morgan Stanley's Institutional Equity Division and Deutsche Bank.

https://www.foxbusiness.com/markets/morgan-stanley-etfs

FBI Hunter Laptop passoff

SAM646 USAF G5 en from Hickam AFB, Oahu

This AC started out from JBA on 0324 and stopped at Fort Worth NASJRB for an overnight

Depart on 0325 to Seattle, Paine Field for an overnight

Depart on 0326 (later) to Hickam AFB for arrival on 0327

Depart from Hickam earlier today

>>131886

02-4452 USAFSOC C-32B over northern AZ heading sw from it's earlier McGuire AFB depart

ARIS17' USAF E-4B Nightwatch went up from Edwards for another test flight

>>131898

82-8000 747 nw still-longer than usual if this is a cert flight

It ain't BOTUS that is for sure

break time

back later

>>131918

>>131856

>>15968864 UK Bread

>>15965108 UK Bread

Caution: enhancements for purpse A can generate distortions for purpose B, C, or purpose-yet-unforeseen.

Ex. See pic. Hyperdigital Age (think AI) makes distortions easier to a) generate inadvertently, b) distribute, b) exploit. Can be done but should it be done? If done, be transparent and advise caution. When in doubt or when accuracy is essential to purpose, return to the original. Think organic.

Principle: Do not introduce an unnecessary risk to the accomplishment of the mission. Only risks that enable mission success without unnecessarily jeopardizing safety are acceptable, frens.

Copy?

WWG1WGA

>>131920

02-4452 USAFSOC C-32B on ground at Long Beach Int'l from McGuire AB

Not a usual destination for these

>>131921

82-8000 USAF 747 heading back to JBA on it's circuitous route

>>131890

just some additions to the hot-air machine known as out Markets-not much else I can say that hasn't been said already over the last few weeks.

Cap #1

The market is now pricing in 9 25bp rate-hikes this year... and more importantly 3 25bp rate-cuts in 2023/24

They were already 'asking' for this in February see here: >>126758 pb

So NOT news and hat tip to the only other one who noticed this too (Mr. Payne at FoxBiz) and then at the start of March the yield curve began the EBIC collapse

Cap #2 Same Shit Different Say as the most shorted stocks continue to provide the fuel and rather than just show a general graph ala ZH here is exactly who those are.

Market cap of $10B or moar

https://financhill.com/most-heavily-shorted-stocks-today

Dollar has dropped a bit today too-not an insignificant move either -0.69%

The Yen collapse kept it where it was and that is being "werked on'' by the BOJ-that temporary though.

The Rouble has basically gotten back to where it was-it did not drop until they started getting sanction habby so not on the exact day the military ops started but a big FU to the rest of the world's currencies. that one is a zh chart

The Logger, [29.03.22 09:20]

👆👆👆 My dear friends in America, This is a special moment in history as I address you directly for the first time. As the President of the Russian Federation, I felt the need to express my views to you directly without the filter of media or governmental organizations who obscure the fact our two nations have existed peacefully for centuries. In fact, we were allies through not one but two world wars. We have cooperated, culturally and scientifically for years, including most recently, on the international space station. Russian rockets have taken Americans into space and American ships have delivered much needed medical and humanitarian aid to us in our times of need

There is NO REASON for our two great nations to be adversaries. Unfortunately, there are powers that be who do not want such peaceful coexistence. Your current president represents them. He has steadfastly upped tension against Russia through direct personal attacks on me, calling me a killer', a 'thug' and a 'butcher', and has instituted punishing diplomatic, economic and political sanctions on

the Russian people. These sanctions have not only cost us but have cost you the American people. You need not look beyond your local

gas pump, grocery store or rent payments to realize something is terribly wrong, and you need not look back more than a year ago to

realize you have been tricked into accepting an election result which has put an ILLEGITIMATE PRESIDENT into power. President Biden is

NOT and has NEVER been your TRUE representative. Just ask yourselves. Would anyone who cared about Americans do the things he's done? The answer is clearly 'NO'. He oversaw the disastrous Afghan evacuation causing the death of 13 brave American servicemembers and stranding billions of dollars of military gear; he has sabotaged America's energy industry by cancelling the

Keystone pipeline; he has passed punishing corporate taxes which have hobbled American companies; he has singlehandedly warped

America's moral values by calling men women and women men; he has robbed every citizen of their hard-earned money by unleashing. a devastating wave of inflation and now he is dragging the United States and NATO by extension into a disastrous military confrontation with us over Ukraine where the United States has no vested interests. He is adamant in stoking the Ukrainian crisis into a direct military confrontation with Russian forces which by all analysis could lead to WW3. Please hear my words today. Take action today; rise up and say 'NO' to war; say 'NO' to President Biden. Rise up by the thousands and tens of thousands and say 'YES' to peace I salute you and bid you peace and happiness: Vladimir Vladimirovich Putin, President of the Russian Federation.

https://t.me/jim_watkins/4591

Jim Watkins, [29.03.22 17:53]

These are words from the President of Russia.

https://t.me/shareJim/186997

BREAKING! California AB 1993, which was supposed to be presented tomorrow and if passed would require EVERY Californian worker and contractor to get Covid vaccine, has been defeated.

https://t.me/police_frequency/65831

Dems discuss legislation making it unlawful to recognize the "existence" of LGBTQ people

Top Biden Economist Says Farmers To Increase Crop Production On "Price Signals" To Avert Food Shortage

The White House's chief economist told reporters at a daily press briefing on Monday that American farmers will respond to "price signals" to increase crop production to mitigate food shortages worldwide following Russia's invasion of Ukraine.

A reporter asked Cecilia Rouse, the chair of President Joe Biden's Council of Economic Advisers, about the White House's plan to deal with food shortages when it comes to wheat.

Rouse said, "well, first we are a net exporter of many food commodities, and farmers respond to price signals, and so with the price of food rising, they will be responding by making additional plantings and try to take advantage of increase pricing."

She added: "The market will work as the market will work."

and if by 'magic' that will be so.... *see below

Council of Economic Advisers Chair Cecilia Rouse is asked how the White House is planning on dealing with food shortages. pic.twitter.com/MpJUghx63R — The Post Millennial (@TPostMillennial) March 28, 2022

The war in Ukraine has disrupted the global food supply. Russia and Ukraine account for more than a quarter of the international wheat trade, about a fifth of corn, and 12% of all calories traded globally. We've outlined the emerging market countries that will first feel the brunt of food price shocks and shortages. Bloomberg data shows the most reliant countries on Ukraine wheat, including Egypt, Indonesia, Bangladesh, Pakistan, and Turkey. The UN's Food and Agriculture Organization forecasts that global food prices could soar another 8%-20%.

*The issue with Rouse's response is that the costs of plantings have skyrocketed. Fertilizer and diesel prices are at record highs, and this may deter some farmers from additional plantings or even switching crops that require less fertilizer. The farmers who decide to plant wheat may spread less fertilizer on fields, which could impact harvest yields later this year. Bread, cooking oils, and meat prices have surged. Countries are now adopting food protectionism (see: Argentina) by limiting or ceasing exports of farm goods to mitigate domestic shortages.

Last week, President Biden warned that there could be global food shortages:

"We did talk about food shortages. And it's going to be real. The price of these sanctions is not just imposed upon Russia, it's imposed upon an awful lot of countries as well, including European countries and our country as well," Biden said at a presser in Brussels.

https://www.zerohedge.com/geopolitical/top-biden-economist-says-farmers-increase-crop-production-price-signals-avert-food

>>131943

according to this it is just "on hold"

So we'll be dealing with this again whenever that one decides to raise it again.

https://twitter.com/buffywicks/status/1508924855592255491?s=21

>>131943

>>131946

moar

Take Action on AB 1993

CURRENT STATUS: Asm. Wicks has put AB 1993 on hold for the moment. First hearing on March 30, 2022 at 1:30pm in Assembly Labor and Employment Committee. Referred to Labor and Employment Committee and Judiciary Committee

https://californiahealthcoalitionadvocacy.org/AB1993/

The red link in Current Status takes you to the twatter account of "buffy"

>>131930

82-8000 USAF 747 back at JBA after a long cert flight-must be a new pilot gettin' hours in cause that AC was used for last weeks trip.

Unless they made some equipment changes but likely pilot and hours.

Anything to this?

MICHAELDET🍊🍊🍊🍊🍊🍊

@MICHAELDET

·

13h

Breaking

DOCUMENTS IN HUNTERS BIDEN LAPTOP SHOW LARGE MONEY TRANSFERS TO NONE OTHER THE HARRIS SENATE OVERSIGHT COMMISSION HAS ALL THE BANK TRANSFERS FOR IMPEACHMENT

Posted on 3:45 AM · Mar 29th, 2022

https://gettr.com/post/p12iiny345a

Without Registering as Stock Exchanges, Citadel Securities and Virtu Financial Account for More Stock Trading than the New York Stock Exchange

The above headline regarding Citadel Securities and Virtu Financial comes from a report authored by John Detrixhe that was published at Quartz in February of last year. The report found that as of December 2020 the New York Stock Exchange (NYSE) had a 19.9 percent share of stock market trading versus 13.4 for Citadel Securities and 9.4 percent for Virtu Financial. This gave Citadel Securities and Virtu a combined stock market trading share of 22.8 percent versus 19.9 for the NYSE.

The big problem with this picture is that neither Citadel Securities or Virtu Financial are registered as stock exchanges and neither are regulated by the SEC as stock exchanges. Citadel Securities is a broker-dealer that pays for order flow from at least nine online brokerage firms and has a dubious history of regulatory fines and abusive behavior. Virtu Financial is a market maker and high frequency trading firm that bragged in its IPO prospectus that it had only one losing day in 1,238 days of trading.

the big banks also used that one too...no trading loses in several quarters

Tomorrow at 2 p.m., a Subcommittee of the House Financial Services Committee will hold a hearing on “Oversight of America’s Stock Exchanges: Examining Their Role in Our Economy.” The Subcommittee has released a revealing Memorandum that looks at the myriad problems afflicting stock trading in the U.S. and undermining trust in U.S. markets as the standard for markets around the world. Consider the following paragraph from the Memorandum which focuses on market concentration: “There are a total of 24 stock exchanges in the U.S. registered with the Securities and Exchange Commission (SEC) as NSEs [National Stock Exchanges] under section 6(a) of the Securities Exchange Act of 1933. Among these 24 exchanges, 17 are owned by three companies: the Intercontinental Exchange (ICE), Nasdaq,Inc.; and CBOE Global Markets, Inc.”

To put that another way, 70.8 percent of the registered exchanges are owned by just three companies – all of which are now for-profit, publicly-traded companies rather than non-profit, utility-type businesses operating in the public’s interest – the prior U.S. model for stock exchanges that built the United States’ reputation for running the most respected stock trading structure in the world. Accentuating the fact that stock trading in the U.S. has moved from stock exchanges charged with creating a level playing field for all participants, regardless of the size of their bank account, to a concentrated cabal of dubious actors was the announcement on May 5, 2020 that the SEC had approved an application to become a stock exchange by the Members Exchange (MEMX).

Investors in MEMX include both Citadel and Virtu along with 5-count felon JPMorgan, serially-charged Citigroup, as well as Morgan Stanley, UBS, and Goldman Sachs. (The latter three were intimately involved in providing the obscene leverage that blew up the Archegos Capital Management family office hedge fund last March, generating over $10 billion in losses to global banks.) Other investors in MEMX include TD Ameritrade, Bank of America Securities, BlackRock, Charles Schwab, Fidelity Investments, FlowTraders, Jane Street, Manikay Partners, Wells Fargo, and Williams Trading.

Dark Pools owned by JPMorgan, Morgan Stanley, UBS, Goldman Sachs, and Bank of America’s Merrill Lynch have already taken substantial trading away from lit and regulated stock exchanges and moved it into their unlit and largely unregulated trading platforms known as Dark Pools.

The SEC’s rubber-stamping of this cabal to further concentrate their power over trading on Wall Street by forming a joint stock exchange is effectively endorsing a robber baron structure for stock trading in the U.S.

No congressional hearings were ever held as to whether Members Exchange represented violations of anti-trust law. It is likely instructive to know that the SEC approval for the Members Exchange came while Jay Clayton was serving as SEC Chair in the Trump administration. Clayton had previously represented 8 of the 10 largest Wall Street banks at Big Law firm Sullivan & Cromwell in the three years prior to taking his SEC seat.

moar

https://wallstreetonparade.com/2022/03/without-registering-as-stock-exchanges-citadel-securities-and-virtu-financial-account-for-more-stock-trading-than-the-new-york-stock-exchange/

the CEO of Virtu actually said that pay for order flow helps retail.....kek