Independent thinking for complex markets and current events
by confoundedinterest17 It came after the Munich freezeout where the private jets of global elites were snowed-in. But apparently most made it to Dubai for COP28. Or more apt, the Cop-out meeting where the global elites meet eating caviar and guzzling champagne and telling us to die off, eat bugs and drive idiotic EVs that most Americans …
Guest Post by Charles Hugh Smith from his blog, Oftwominds.com: Value varies. Invest in what’s valuable. It’s a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation. As essentials soar in cost–i.e. non-discretionary expenses such as shelter, food at home, utilities, childcare, healthcare insurance, etc.–our only response is sighing …
by DesmondMilesDant Only a few months left before this thing blows up. This chart shows the total loan assets funded by FHLB at $348,731,000. This is in contrast to Schwab’s current available assets at $325,993,000. To put context to how critical the situation is for Schwab, the only bank overextended to this degree was …
via Charles Hugh-Smith So hey, central bank cheerleaders, lackeys, toadies, apologists, apparatchiks and sycophants: no, the central banks aren’t going to “save” your precious asset bubbles from popping. There’s a fanciful confidence afoot that central banks will once again coordinate a global “save” as markets careen out of control. They won’t. There are many reasons for …
FBI Special Agent Charles McGonigal is expected to plead guilty next week to conspiring with a Russian oligarch. Earlier this year former Special Agent in charge of counter-intelligence in the New York field office, Charles McGonigal, was arrested for conspiring with Oleg Deripaska, a sanctioned Russian Oligarch. Charles McGonigal was hit with a five-count indictment and charged …
via Mises.org: The taming of monetary policy necessary to slow price inflation has triggered a corrective trend in the valuation of financial instruments. Many big banks in the United States have substantially increased their use of an accounting technique that allows them to avoid marking certain assets at their current market value, instead using the face value …
Authored by Charles Hugh-Smith via oftwominds, Globalization and financialization have fueled the global economy for 40 years. Now they’re in the decline phase of the S-Curve. Does anyone benefit from a deep, prolonged global recession? Perhaps not in absolute terms, but in relative terms we can say some will suffer less than others. We can also …
Engro Corporation Ltd Is he though? pic.twitter.com/2kVQM88IpA — RobCarson (@Rob__Carson) June 22, 2023 https://www.weforum.org/people/shahzada-dawood Shahzada’s Dawood joined the Board of Engro Corporation in 2003 and currently serves as the Vice-Chairman. He has over two decades of experience in corporate governance and the transformation of industries, including growth and innovation opportunities through mergers and acquisitions of …
by Charles Hugh-Smith How did someone like me get shadow-banned? There is no way to know, and that’s a problem for our society and our ability to solve the polycrisis we now face. It seems there are many reasons to get shadow-banned, but unfortunately we’re never told what “crime” we committed nor are we given …