Independent thinking for complex markets and current events
This wasn’t supposed to happen. A former Pfizer headquarters was being turned into more than 1,600 luxury apartments. Then support columns started buckling. Construction workers described steel beams “bending like cigarettes.” Floors between roughly the 21st and 26th stories began sagging. 🚨🇺🇸 PFIZER HQ COLLAPSING IN NYC! The former Pfizer headquarters is at risk of …
Charities that help people cover their medical bills say they’re seeing an alarming increase in requests for help. Worse yet, they say, it’s coming even before cuts to Medicaid in President Donald Trump’s One Big Beautiful Bill Act take effect and the potential expiration of Obamacare subsidies at year’s end. The charities are warning of …
South Korea is bailing out small businesses. China is injecting $80B into its banking system. Factories are furloughing workers. Bond markets are collapsing. The Bank of Korea froze, paralyzed by “uncertainty,” but will be forced to cut rates again. The PBOC — despite trying to exit emergency measures — was yanked back in, flooding the …
by confoundedinterest17 The US is the expensive tower of power … but it should be cheap. Getting rid of coal power was idiotic and The Left’s fear of nuclear power is laughable. EIA data by user classification, chart by Mish. Rising energy bills have forced companies to scale back industrial operations, threatening a greater drag on the economy. …