Independent thinking for complex markets and current events
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range. SOFR measures (https://www.newyorkfed.org/markets/reference-rates/sofr) the median cost of Treasury repo borrowing. The jump not only caught most people off guard, …
via WSJ: I’m an optimist. How could I not be? I’m the son of a firefighter. For 17 years I’ve served in the same congressional seat—the same office in which I was once denied an internship. Only in America. I helped lead Republicans to a House majority—twice. We got more Republican women, veterans and minorities …
by Writemeaticket Red Economy is in the shitter and FUBAR. Been working since 8 years old (paper route, mowing lawns), had a job in HS. Worked to put myself through college. Aside from layoffs, I’ve always worked, saved money, 401k, etc., etc. Retired last Dec thinking I’ll make it 1.5 more years to 62, then …
While celebrating the July Fourth holiday last year on a boat in Tyler, Texas, Dr. Julianne Santarosa received the results from her full-body MRI scan. What she saw put a damper on the festivities. Radiologists at Prenuvo, which performed the scan, had identified a nodule in her lungs. Santarosa, who works as a spinal access …
A concerning pattern of ongoing divergence emerges, with a clear mismatch between restricted access to loans for small businesses and the historically low initial jobless claims. https://twitter.com/joosteninvestor/status/1716297211158401494 It’s a layoff winter underway already…. Nov/Dec claims should be interesting. So much for those 170k salaries too for drivers… https://t.co/fp08GlNHPj — Don Johnson (@DonMiami3) October 23, 2023
ISRAEL FLYING SORTIES DEEP INTO LEBANON — The_Real_Fly (@The_Real_Fly) October 8, 2023 HAMAS DEPLOYMENT OF PARATROOPERS TO ENGAGE ISRAELI FORCES USING HANDGLIDERS POWERED BY FANS pic.twitter.com/cmtlq1H77I — The_Real_Fly (@The_Real_Fly) October 8, 2023 Paragliders landing elsehwere too ⚡️Channel 14 correspondent: A fierce battle in Kibbutz Magen, east of the Gaza Strip is currently taking place Presumably …
The US has recently taken Japan under its wing with a lot of analysts referring to this as “Japanification.” In reality this has been “Americanization” of Japan. Their index and currency now thoroughly looking pegged (and yeah, I mean it like THAT) to the USD & our markets is not going to be good for …
Excessive screen time may be taking more from children than their attention. For the first time, researchers in Turkey have shown that blue light exposure can speed up the onset of puberty in male rats, demonstrating a potential link between smart device screens and early childhood development. A joint team from Gazi University and Bilkent …
by Chris Black It’s almost like the whole world is filled with hormone-disrupting chemicals, huh? Daily Mail: Record numbers of young girls are hitting puberty too soon – with some as young as four – as experts blame obesity as a key factor. New data shows the number of times girls were seen at hospital …
Is our honeymoon with the electric vehicle finally over? A study found that one in five early adopters of EV cars and trucks are returning to gas-powered vehicles. As a result, used EV prices are freefalling. Why are early EV adopters returning to ICEs? The Journal Nature published a study revealing that of the folks …
via studyfinds: A recent study is revealing the dire state of public health in the United States. In comparison to other wealthy nations, the U.S. death rate far outpaces America’s peers — leading researchers to say that the country is actually “experiencing a crisis of early death.” Researchers from the Boston University School of Public …
by Chris Black Zelensky wants early elections because he’s shortly going to be unable to win elections, it seems. This is another sign that the war could be wrapping early. The US wants Zelensky to remain in power post-war for whatever scams they are planning on running in the aftermath of the war – basically …
Democrats, Republicans, Liberals, far left or right, white or black, male or female, rich or poor, this is what I am seeing coming out of the circulatory system during the embalming process since early 2021. In the prior 20 years I don’t recall ever seeing this before. Something is causing this problem and I think …
by betsharks0 Didn’t they literally say no rate cuts before 2025?
by InternationalTop2405 A lot of people are claiming victory too early. There is a lot of hype in the markets, and the consensus is now a soft landing. It looks like a massive “return to normal” stage. January 2001 (3 months before the start of the recession) Can Greenspan Engineer Soft Landing? August 2007 (4 …
Peru says all road blockades have been lifted after protests today according to Bloomberg (protests started two days ago) That said…. Peru's key mining areas support the protests This affects copper (2nd largest producer) as well as silver. It also should be noted… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 20, 2023
Explosive devices were detonated outside three businesses in Washington DC in the early hours of Sunday, according to law enforcement The devices exploded outside stores in the northeast of the capital within 15 minutes of each other, according to the Metropolitan Police Department (MPD). https://www.independent.co.uk/news/world/americas/washington-dc-explosion-suspect-molotov-cocktail-b2368383.html Nike, Safeway and Truist Bank stores attacked in explosives and …
Prominent corners of St. Paul are owned by an out-of-state pension fund. Some are bustling. Some are empty. When management consultant Sherry Johnson co-chaired a neighborhood task force looking at all the vacant properties on St. Paul’s popular Grand Avenue business corridor, she was taken aback to discover how many spaces were owned by the …
Early signs of cooling labor market. Might take time, but its happening.$TLT and $GLD back in action. Also closely look at the steepening of curve, that is the most important thing to watch now. pic.twitter.com/P52O05Lisu — The Macro Guy (@SagarSinghSetia) June 8, 2023 US jobless claims mysteriously surge upon "data" revision US jobs mysteriously revised …
by BoatSurfer600 Some of the countries in Europe whose economies have a high share of manufacturing are witnessing enormous contraction in cyclical activity. Higher interest rates are taking a toll on economic activity. Source: Sagar Singh LinkedIn With China's economy being pulled into the global recession and with no real way to escape from it, …
