Independent thinking for complex markets and current events
The biggest car price bubble we’ve ever seen has already burst, and now we’re being warned that the auto market crash will accelerate even further during the final stretch of 2023. With production going up, and dealership lots starting to fill, the conditions that allowed new and used vehicle prices to shoot up are no …
by Dismal-Jellyfish Source: https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals
via powerlineblog: The New York Times was not happy about this climate narrative confounding story: It’s August. Californians Are Still Skiing. Don’t Ask. Two of the biggest ski resorts on Lake Tahoe were still hopping on the Fourth of July, a time of year when the mountains are usually full of wildflowers. Mammoth Mountain, 140 miles south …
The US govt is dramatically increasing its planned amount of debt it issues in the next 12 months. 🚨 Monthly Auction Sizes +60% by August Next Year vs the previous year. The USA has to finance over $2 trillion in deficits, plus refinance all of the maturing debt at the new… pic.twitter.com/9HbpkN7USD — Wall …
It wasn’t a day-late April Fool’s joke when we reported on April 2 that the long-dreaded, already-market-damaging “ban” on the sale of incandescent light bulbs was mere months away. Perhaps because the idea of constitutionality has, for some time now, seemingly been banned in America, the incandescent “ban” takes effect on August 1, though Energy Secretary Jennifer …
August is an exciting month for moon lovers, with the summer month opening and closing with a supermoon. The Full Sturgeon Moon rises on Tuesday, Aug. 1, and then the month closes out with the Full Blue Moon on Aug. 30. Not only are both of these full moons supermoons, but they represent the midpoints …
Have you seen how fast gas prices rose last week? New reports reveal that fuel stockpiles have dropped globally, and the problem is likely to get even worse over the next few weeks and months as demand continues to outstrip supplies amid OPEC+ production cuts. Americans are now paying the highest prices for a gallon …
Has a tropical wave developing in the MDR Saturday. At this point, has it approaching NC of 8/6. https://www.tropicaltidbits.com/analysis/models/?model=gfs®ion=eus&pkg=mslp_pcpn&runtime=2023072406&fh=318 Last couple model runs have been consistent. Stay tuned. My take on today’s 12z GFS #wxtwitter pic.twitter.com/UlRX1nVhZr — Mark Margavage (@MeteoMark) July 23, 2023 #LOCKITIN pic.twitter.com/TidAJCfpjD — #LOCKITIN (@lockingitin) July 23, 2023 h/t DOORBERT
Discussing the expansion of BRICS to BRICS+ is currently underway and could be decided in the next summit on August 2023. The countries that have shown interest in joining BRICS are: Algeria Argentina Bahrain Egypt Indonesia Iran Saudi Arabia United Arab Emirates Afghanistan, Bangladesh Belarus Kazakhstan Mexico Nicaragua Nigeria Pakistan Senegal Sudan Syria Thailand Tunisia …
by Chris Black Dollar bros, I don’t feel so good. What will the US do to try and prevent this from happening? Here’s a hint: dying empires always start wars. BRICS countries planning new Gold-Backed currency https://t.co/PQAZynwVUr — Yves Pozzo di Borgo (@YvesPDB) July 14, 2023
Total BTFP & OCE didn't drop this week. The Fed paused pulling liquidity from the banks Now that we know Bullard is leaving the Fed on Aug 14 that's the likely target week when the Fed plans to start dramatically reducing BTFP & OCE liquidity, causing the banking crisis in Sep🤫 https://t.co/lwuGir9xCj pic.twitter.com/om91NKrS9u — Financelot …
by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf Wut mean? The National Securities Clearing Corporation (NSCC), along with the Depository Trust Company (DTC) and the Fixed Income Clearing Corporation (FICC), are increasing their minimum capital requirements for members. These changes were proposed in December 2021 and approved by the U.S. Securities and Exchange Commission (SEC) in …
via James Rickards I recently revealed that the so-called “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24. This will be the biggest upheaval in international finance since 1971. It’s taking direct aim at the dollar. Quite simply, the world is unprepared for this geopolitical …
by Fappinonabiscuit I follow futures. Particularly soybean oil. Someone made a shit post the 08 crash could have been predicted by soybean oil futures and Oreo making a new cookie. I don’t know why I latched onto it but I kept following it because why not it was way out in left field and I …