Independent thinking for complex markets and current events
China’s Housing Slump Far Worse Than Reported; Half Of State-Owned Builders Warn Of “Widespread” Losses Earlier today, Goldman’s head of hedge fund sales Tony Pasquariello observed that “to this point in the sequence, I’d argue the slowdown in China had been a net positive for US equities — with specific regard to the disinflationary impulse and the flow …
I think that’s quite impressive. I know you guys have seen it all, heard it all and are not easily impressed but you have to admit this is something else! Almost half a century (for the world’s most powerful supercomputers), compressed into mere seconds! Try to imagine…. Quantum computing is making giant strides… https://www.earth.com/news/quantum-computer-can-instantly-execute-a-task-that-would-normally-take-47-years/ …
via Julianne Geiger: Oil demand’s future is rosier than the common narrative would have you believe, according to a report released today by Energy Outlook Advisors. According to energy analyst and the report’s author Anas Alhajji, the hope that oil demand will decrease as the world transitions to clean energy is built on a lot …
Jill Scott was performing on the second day of the Essence Festival on the perceived systemic racism in America, saying the country is “not the land of the free.” Essence, a lifestyle magazine that hosts the festival, commented, “Everyone please rise for the only National Anthem we will be recognizing from this day forward. Jill …
The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS bloc of nations to offer alternatives to dollar lending. But its own finances were deeply reliant on Wall Street, which backed away after the Ukraine war. A development bank established by …
via independentsentinel: A law has been passed that will affect every person in the United States. It’s part of the infrastructure bill. The government often overreaches and is doing so in the case of drunk drivers -robbing people of their freedoms. The 2021 Infrastructure and Jobs Act now requires all cars built after 2026 to …