Independent thinking for complex markets and current events
At least 6 people injured after explosion and fire at refinery in Salina Cruz, Mexico, officials say. pic.twitter.com/JzNYX4YiHg — AZ Intel (@AZ_Intel_) May 12, 2026 Pemex reported a powerful explosion followed by a fire at the Hidros 2 cooling tower inside the Antonio Dovalí Jaime refinery in Salina Cruz, Oaxaca. Six workers were injured (three …
Same pattern as the early 80s where costs spiked and an entire generation got locked out of building wealth for years. WASHINGTON, D.C. — The share of U.S. non-homeowners who expect to buy a home within five years has dropped to 25%, the lowest Gallup has measured in seven readings since it began asking the …
ALERT: Drunk Alabama man bites a K9 officer back while deputies were trying to detain him. Florence Police Department in Alabama was executing a search warrant when David Culliver, 46, was seen in the road impeding traffic, and officers asked him to step out of the road multiple… pic.twitter.com/rrtlpnjTbq — E X X ➠A L …
This isn’t a healthy steepener; rather, it’s a front-end stalemate. Bills remain pinned above 4% while 2s glide lower, so the spread improves mechanically without signaling real easing of funding conditions. The brief positive blip in January signaled markets briefly priced a faster cut-path than the bill complex would allow; but that died as administered-rate …
Hong Kong’s High Court has ruled that China South City Holdings must be liquidated, marking the largest Chinese property developer by assets to face winding-up since Evergrande’s collapse. “Developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court, making it the biggest Chinese builder by assets to be wound up since …
The bravery (or boldness!) of this dog will leave you speechless.
Rachel didn’t see this coming… ECONOMY – BREAKING: oops … more bad growth news for Rachel. She don’t factor this in either. British steel now looking at closing! 3500 jobs would be lost. Net zero will make you wealthier apparently 🤡 pic.twitter.com/rcbi4GsCbB — Bernie (@Artemisfornow) March 27, 2025 🚨NET ZERO -The UK ships 50 MILLION …
Another one Bites the dust! Goodbye Big Lots! https://www.dispatch.com/story/business/briefs/2024/08/02/nearly-300-big-lots-closing-in-as-discount-retailer-faces-bankruptcy/74638441007/ Columbus-based retailer Big Lots announced in a public June filing it would close 35-40 stores while opening three around the country, but it now likely may shutter nearly 10 times that amount. The discount retailer did not release a list of closing stores, but its website …
by Mike Shedlock Two of us are still adamant that a recession has started. The other is Danielle DiMartino Booth, in her best video yet. Please take a look. GDP Rises 2.8 Percent, So What? Following today’s GDP report, many people are crowing “no recession”. Well, we’ll see about that. I side with the even …
One Auckland-based housing block, which featured 108 modular units, was once promoted as the way of the future. Now, it is abandoned, with its’ builders in liquidation owing millions of dollars — yet another example of the downturn in construction. Builderscrack.co.nz co-founder Jeremy Wyn-Harris told 1News work is more “scarce” than it has been. “People …
Kings Guard Horse BITES tourist after she touched him for a photo. It is strictly forbidden for tourists to touch a Kings Guard horse or get too close. https://t.co/4SJcjscLNG — Oli London (@OliLondonTV) May 21, 2024
by Michael It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry. A key program that was keeping U.S. banks afloat was allowed to expire last month, and everyone knew what that would mean. On Friday, the FDIC quietly announced that Republic …
Flashback to 1995 when experts told the New York Times that at the most likely rate of sea level rise (SLR), most of the east coast beaches would be gone no later than four years ago. These were conservative climate model forecasts. Another prediction bites the dust!! pic.twitter.com/TflORWOEXM — Chris Martz (@ChrisMartzWX) March 26, 2024
by confoundedinterest17 Another Biden program bites the dust, this time his big push to encourage everyone to buy an electric vehicle (EV). Meanwhile, Biden keeps going on vacation (as if he REALLY cares about middle America). Cars and light trucks are seeing declining YoY sales in January (-0.7%) as M2 Money growth remains negative. Automotive News was the …
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 …
Nearly half a million Americans have developed a red meat allergy after being bitten by a TICK – and majority are completely unaware of the link, CDC research says Reaction, called alpha-gal syndrome, caused by sugar carried by ticks When it gets in body it triggers immune overreaction and body learns to fight it Nearly …
Despite the Biden administration claiming ‘Bidenomics’ has kick-started an economic renaissance and the Conference Board’s Consumer Confidence Index for July rising, cautionary signs from corporations suggest inflation continues to crush the pocketbooks of the working class. The latest warning comes from Coca-Cola’s CEO, who highlighted a trend of consumers becoming more budget-conscious and switching to …