Independent thinking for complex markets and current events
Extreme weather battered parts of the Midwest over the weekend, causing death and destruction. The impact then shifted to Texas overnight, with the risk of storms and flash flooding. At least five people, including an infant, have died in Oklahoma and Iowa due to extreme weather. The tornado that struck Marietta, Oklahoma, was upgraded to …
The number of NEW single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history. Here’s the FRED chart in case anyone questions the veracity of the chart: https://fred.stlouisfed.org/series/HNFSEPUSSA New home …
Families will today be urged to stockpile three days’ worth of food and water to help build national ‘resilience’. Deputy Prime Minister Oliver Dowden will advise people to make contingency plans for dealing with potential emergencies such as prolonged power cuts, cyber attacks and floods. Last year, Mr Dowden said people should stock up on …
Since the beginning of May, those massive floods in Rio Grande do Sul have made world headlines. In the state’s capital, Porto Alegre, the Guaíba river is more than five meters above its normal level, breaking a record set in 1941. The death toll is 149 and growing, with 108 still missing. The floods have …
Southern Brazil devastated: hydroelectric dam collapse amid deadly flooding, 30+ lives lost 56 Dead so far Flooding will continue to get worse. Overpowering floods and mudslides caused by torrential rains are continuing to sweep southern Brazil, killing at least 56 people and forcing tens of thousands out of their homes, the government said. As well …
China’s unwelcome Lunar New Year gift to Taiwan was an enormous swarm of mysterious balloons, with 16 of them crossing the median line of the Taiwan Strait since Friday. At least six of the balloons passed directly over northern and central Taiwan. The balloons were traveling at altitudes between 12,000 to 35,000 feet. The sightings …
NEW: Southern California is getting obliterated by torrential rain causing flash flood warnings. The storm even caused a ‘Seafoam storm’ where strong winds blew foam onto people standing on the shore. The storm was thanks to an ‘Atmospheric River’ which is “relatively long, narrow regions in the atmosphere that transport most of the water vapor …
Health specialists have warned against a new drug called ‘tranq’, which eats away at skin, resulting in amputations and can be fatal. Philadelphia. Powerful sedative Xylazine, also known as 'tranq', has flooded the streets.Disturbing new footage shows the devastating scale of the drug crisis in the Kensington neighborhood. Homeless addicts aimlessly stagger through the streets, …