Independent thinking for complex markets and current events
The United Auto Workers strike is set to expand to over 25,000 workers as the mass walkout against Detroit’s ‘Big Three’ automakers stretches into its third week. Striking workers will add a Ford plant in Chicago and a General Motors plant in Michigan to the action, with further strikes already underway also hitting Stellantis. UAW …
53,000 Las Vegas hospitality workers vote to strike, not seen in 39 years. Vegas casino worker unions authorize a strike, threatening first major walkout in 39 years Members of the Culinary and Bartenders unions overwhelmingly voted Tuesday to authorize their negotiating committees to call for a strike by some 53,000 non-gaming Strip and downtown casino …
China provokes the Philippines: war can break out at any time Something is brewing in the South China Sea. China provokes the Philippines, claims islands and sends warships. Manila defends itself. The USA and Taiwan are alarmed. A few days ago, the Chinese government published an official “standard sea map” in which it quickly claimed …
JUST IN – U.S. sends another $325 million in weapons to Ukraine. — Disclose.tv (@disclosetv) September 21, 2023
The House on Thursday has voted down a rule that would have advanced a Defense Department bill, another stumbling block for Speaker Kevin McCarthy and House Republican leadership ahead of a looming government shutdown deadline. The final vote was 216-212. While the specific legislation is separate from a proposal to keep the government funded beyond …
Zelensky arrives at the United Nations General Assembly in Washington DC. He will ask for another $24 billion in "aid." Our country is falling apart at the seams and both political parties are entertaining this insanity.pic.twitter.com/XUxbI2WZlq — Citizen Free Press (@CitizenFreePres) September 19, 2023 Zelensky coming to Canada this week.
by Michael Did you know that the path of a “ring of fire” solar eclipse is going to pass directly over the United States next month? Everyone in the continental United States will be able to see at least a partial eclipse, but those that are in the direct path of the eclipse will get …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 15th consecutive week above $100 billion! What we are reviewing: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …
“Blah blah blah I hate Trump blah blah blah. Is how the speech went. But “I’m not running for reelection” is all you need to hear. pic.twitter.com/hBCii3aw2M — Noah Fencebutt (@Noah_Fencebutt) September 13, 2023 Mitt Romney is not seeking re-election. This is confirmation that there’s no more juice in this lemon economy. There’s no amount …
Sûreté du Québec Sgt. Hugues Beaulieu says police were assisted by behaviour analysis experts, criminal profilers and forensic psychologists in their investigation. “We’ll see what’s said in court on this,” Cyr said. “But the big fires that caused the evacuation were caused by lightning.” However, Paré is accused of deliberately starting fires at a time when …
Press Release: Notice on the Continuation of the National Emergency with Respect to Foreign Interference in or Undermining Public Confidence in United States Elections On September 12, 2018, by Executive Order 13848, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to deal with the unusual and …
An organization under the financial umbrella of outspoken billionaire George Soros is mounting a brazen bid to implement a perilous cap on free speech in America’s digital public square. Today, the battle lines are being drawn with Common Cause, a group bankrolled by Soros, gleefully trumpeting its success in nurturing a potent alliance with Big …
Tech stocks have now seen their longest streak of inflows since September 2021. Year-to-date, tech funds have seen a total of $34 billion of inflows. To put this in perspective, the second largest category is consumer funds with just $4 billion. Meanwhile, just 5 tech stocks… pic.twitter.com/xFHxJcR8Du — The Kobeissi Letter (@KobeissiLetter) September 3, 2023 …
The broke-woke-stroke convergence: Why professors lower standards. “Broke” colleges and universities “scramble to attract and retain students, whatever their intellectual readiness,” they write. Faculty are under pressure to please the customers. If too many switch to an easier major, the professor could lose his or her job. “Woke” sensibilities have politicized student performance disparities, especially …
via energyandgold: In this month’s conversation with 321gold founder Bob Moriarty we discuss the negative investor sentiment in the junior mining and commodities sectors. Bob also believes that investor sentiment on the US stock market has reached frothy levels, and the broader stock market is set up for a crash as soon as September. We then delve …
by confoundedinterest17 Another (economic report) bites the dust! U.S.-based employers announced 75,151 cuts in August, a 217% increase from the 23,697 cuts announced one month prior. It is 267% higher than the 20,485 cuts announced in the same month in 2022, As M2 Money growth collapses to Great Depression levels. Instead of The Dust Bowl, we can call …
Coup in Gabon… French puppet Ali Bongo, who had been in power for 14 years, was re-elected president of Gabon. However, a few minutes ago, the country's armed forces arrested members of governments and announced the dissolution of government institutions and annulled the… — Sprinter Press (@SprinterPress) August 30, 2023 There is a military coup …
Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry — David Sommers (@dgsommersmkts) August 23, 2023 Mortgage rates reached +14.75% in 1979. And then this happened 👀 pic.twitter.com/0ykTQHvNrE — Genevieve Roch-Decter, CFA (@GRDecter) August …
A fertilizer plant that local media reports state is “vital to the local community” in and around Austin, Tex., has burned to the ground, making it the latest in a long line of food-related businesses that have mysteriously caught fire and collapsed into a ruinous heap over the past couple of years. https://www.naturalnews.com/2023-08-22-american-plant-food-corporation-fertilizer-texas-fire.html Right now, …
S & P Global Ratings Downgrades More Banks. New Moodie’s Banking Downgrade https://www.moodys.com/research/Fifth-Third-Bancorp-Update-to-credit-analysis-following-outlook-change-Credit-Opinion–PBC_1375479 AC
Nike is on pace for its longest losing streak in nearly 25 years Shares of athletic-gear giant Nike Inc. NKE, -1.83% on Monday were down for the eighth straight trading day and on pace for their longest losing streak in nearly 25 years. The stock was down 1.9% on Monday, and down around 6% over …
by inWineVerit4x Argentina already experimented with the “peg to the dollar” in1990. But Don’t have a happy E Argentina pegged its peso to the U.S. dollar from the early 1990s to the early 2000s as part of a currency board arrangement. Issues and Failure: While the peg initially helped to control inflation, it also made …
President Biden and his extended family arrived late Friday for a weeklong Lake Tahoe vacation at the $18 million waterfront mansion of billionaire climate investor Tom Steyer. Biden, 80, and his scandal-plagued son Hunter, 53, showed up separately to the six-bedroom Nevada retreat, which is touted on Redfin as “one of Lake Tahoe’s finest lakefront …
https://t.co/D5KGWmAADo — Win Smart, CFA (@WinfieldSmart) August 18, 2023 Evergrande, one of China’s real estate giants, just filed Chapter 15 bankruptcy. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. All while China just “unexpectedly” cut interest rates. Is China… …
“A former Olympic swimmer for Team GB has died ‘suddenly’ at the age of 43. Helen Smart was a world level competitive swimmer and backstroke specialist who won a bronze medal at the 1998 Commonwealth Games in Kuala Lumpur and silver medals at the World and European Championships. After representing Great Britain at the Sydney Olympic Games …
Real yields on 10-year Treasuries closed yesterday at the highest since 2009. pic.twitter.com/Ujfb0Lco7l — Lisa Abramowicz (@lisaabramowicz1) August 15, 2023 Nominal yields keep going higher and this affects corporate bonds $LQD, therefore cost of refinancing is increasing. We can expect this chop into the market to keep going while investors move from growth to value …
by confoundedinterest17 Bidenomics represents another brick in the mall. Or office space! Understanding the backdrop of the crime-ridden progressive metro area of San Francisco, alongside the mass exodus of businesses and residents, and the record-high vacancy rate of office towers, we asked a very important question earlier this summer: What are office buildings worth? We quickly found out in June that one downtown …
A major fire has broken out near the Zhukovsky International Airport in Moscow. pic.twitter.com/A33panmaRg — Visegrád 24 (@visegrad24) August 13, 2023 🔴 Large fire reported in Ramenskoye, a suburb southwest of Moscow, close to Zhukovsky International Airport. No reports yet on the nature of the burning site – @yana_srdn pic.twitter.com/2LqNPqO7uO — i24NEWS English (@i24NEWS_EN) August …
🚨BREAKING: Proterra, the electric bus company repeatedly celebrated by Biden, filed for bankruptcy Monday, blaming various market "headwinds" for its financial struggles. Proterra, meanwhile, has been boosted by the Biden administration on multiple occasions since it took the… pic.twitter.com/2O1u78nwEh — I Meme Therefore I Am 🇺🇸 (@ImMeme0) August 9, 2023 h/t Simian_Stacker
President Joe Biden will soon ask Congress for a Ukraine aid package that could exceed $10 billion, a report released Tuesday found. Punchbowl News reported the Ukraine aid battle will resume when Congress returns from recess. The incoming request, which could be “north of $10 billion,” follows as Ukraine continues its slow-moving counteroffensive against Russia, …