Independent thinking for complex markets and current events
Thousands of NatWest customers have been plunged into the red and left with a ‘headache’ as money they deposited into their accounts disappeared. NatWest blamed an ‘ongoing incident with cash deposit machines’ for the blunder which left many out of pocket. A number of people took to social media site X, formerly Twitter, to complain …
https://www.youtube.com/watch?v=XBgea3Mj4MU China’s economic structure is getting increasingly unsustainable. Several indicators show that the world’s second-largest economy is standing on very shaky ground right now. A major meltdown is already in motion after the collapse of the country’s second-largest property developer Evergrande, whose shares collapsed by 80% on Monday. But Evergrande’s bankruptcy is just one aspect …
Stop the presses! Here’s my hot take for the day: CBDCs are a bad thing. OK, maybe that take is not so hot. After all, I don’t even need to spell out “Central Bank Digital Currencies” for my well-informed, switched-on readers to know what I’m talking about when I refer to CBDCs. And the idea …
Minneapolis Federal Reserve President Neel Kashkari expressed concerns about regional banks, especially after a recent banking crisis. At a town hall, when asked about new capital requirements for banks with assets over $100 billion, he felt the measures might not be stringent enough. This commentary coincided with a 2.4% drop in the SPDR S&P Regional …
by Chris Black In another sign of social decay, the civil court system has begun issuing insane and moronic judgments that can never be paid. Alex Jones was hit with a billion dollar judgement, and I’ve heard that some other political dissidents have been hit with ridiculous and unpayable judgements. Firstly, a judgement is supposed …
https://www.youtube.com/watch?v=x4FVEn6zVjs The UK mortgage crisis is the result of several contributing factors that have created a perfect storm in the housing market. Firstly, the rising cost of housing has played a significant role. Over the past five years, housing prices in the UK have skyrocketed by more than 20%. This steep increase has made it …
You can thank the Biden Admin for kicking off WWIII 👍. — Conservative Momma (@conmomma) July 20, 2023
The #NATO summit has officially begun in #Vilnius. pic.twitter.com/yDH0kkqdDc — NEXTA (@nexta_tv) July 11, 2023 Boris Johnson is ready to start WW3 at the NATO meeting this week. 😢 pic.twitter.com/LcKgNluWcq — Wall Street Mav (@WallStreetMav) July 11, 2023 In addition, Germany is to announce an aid package with a total cost of about 600 million …
Ukraine has begun its long-awaited offensive against Russian forces in the southern and eastern parts of the country. The offensive is obviously crucial, even though it will not end the war regardless of outcome. Information is coming at a fast and furious pace; what do we know, and what can we do with what we …
Guest Post by Peter C. Earle at the American Institute for Economic Research: Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been …
