Independent thinking for complex markets and current events
via naturalnews: For Wolf Richter, publisher of finance and econ site Wolf Street, the long-term treasury market is finally waking up from its delusion that the Fed is going to gradually cool inflation to its target of two percent. It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the …
View post on imgur.com San Francisco’s mayor has ordered city departments including police and public health to propose budget cuts of $206 million by next week in a desperate attempt to reverse the stricken city’s ‘doom loop’ spiral into economic collapse. Law enforcement budgets in the city, which is ravaged by homelessness, drugs and …
by Martin Armstrong The Ukrainians carried out a mass attack with 20 kamikaze drones against the Pskov air base 700 km from the border with Ukraine and 30 km from Estonia. The drones hit an airport near Russia’s border with Estonia and Latvia, causing a huge blaze and damaging four Il-76 military transport planes, which …
The Biden administration has approved funding for the first-ever transfer of US military equipment to Taiwan under a program typically saved for sovereign nations, according to a notification sent to Congress on Tuesday. The package – which is part of the State Department’s foreign military financing (FMF) program – totals $80 million and will be …
Energy bills for Britons will remain ‘volatile for some time to come’, regulator Ofgem warned today as it confirmed the price cap will fall after wholesale costs dropped. The cap will drop from an average of £2,074 per year to £1,923, but campaigners said bills remained unaffordable amid calls for an ‘urgent reboot’ of the …
(Breitbart) In an apparent attempt to quell the political firestorm sweeping through the banking sector over its politically-inspired decision to debank Nigel Farage, Coutts Bank now says it will cancel its closure of the Brexit leader’s accounts. On Monday evening, Mr Farage revealed that has received a letter from Interim CEO of Coutts, Mohammad Kamal …