Independent thinking for complex markets and current events
Ye Postpones Concert in France as Government Considers Banning It The rapper formerly known as Kanye West had been scheduled to perform in Marseille, France, in June. The city’s mayor had said he did not want it to be “a showcase for those who promote hatred.” Ye, the rapper formerly known as Kanye West, has …
The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined The problem with an increasing debt burden is that it costs more to maintain it: This is precisely the issue with which the U.S. Treasury is wrangling at present. As total U.S. national debt …
Several headlines sitting together right now point to a very uncomfortable possibility. Energy markets may be heading toward another shock. Officials are discussing the possibility of releasing oil from the Strategic Petroleum Reserve. That reserve currently holds hundreds of millions of barrels and is meant for severe supply disruptions. The last major drawdown happened during …
Confidence is growing in a high-impact winter storm affecting the South and East. Widespread snow, significant icing, and extreme cold are possible as Arctic air collides with southern-stream energy.
I have a question. OpenAI is supposedly on the hook to pay the circle jerk crew $1,300,000,000,000 over the next few years. Meanwhile, their operating revenue is negative $8,000,000,000. How do they even cover that gap? Here is the breakdown of the big fantasy-level deals people are talking about: Oracle, $300 billion: 4.5 gigawatts of …
A Florida lawmaker is pushing to eliminate homeowners associations in the state after calling them a ‘failed experiment’. HOAs have been stirring up controversy in Florida, where residents are becoming frustrated with steep fees, strict rules and rigorous enforcement. As tensions continue to rise, State Rep. Juan Carlos Porras (R-Miami) is fighting to abolish HOAs …
A fast moving wildfire dubbed the Canyon Fire has exploded to over 1,050 acres in under three hours, forcing evacuation orders for 4,200 residents and warnings for 12,500 more. The blaze, zero percent contained, is burning east through steep, dry terrain and threatening power lines and communities including Hasley Canyon and Hathaway Ranch. Officials cite …
ELON ASKS THE QUESTION EVERYONE’S THINKING ABOUT EPSTEIN The DOJ just told America that Jeffrey Epstein’s client list doesn’t exist. No blackmail. No powerful men. Just move along. Elon’s response captured the internet’s collective disbelief: “So… then what is Ghislaine Maxwell in prison for?” It’s a devastating question. Maxwell got 20 years for trafficking minors …
The Big Beautiful Bill is sitting in the House chamber right now, and the clock is burning. The Senate passed it on July 1 with a 51 to 50 vote. Vice President JD Vance broke the tie. That sent the bill back to the House for final approval. But the House isn’t rubber-stamping anything. If …
Eye-opening chart, no wonder many people in the US are frustrated. Scott Bessent is right, it’s Main Street‘s turn after Wall Street grew wealthy for four decades. pic.twitter.com/hsibzZjcJH — Michael A. Arouet (@MichaelAArouet) June 19, 2025 Heartbreaking reality of working Americans: Woman with full-time job and side gigs still can’t pay $300 electric bill or …
Japan is at the heart of the global rise in long-term yields. To be honest, I'm surprised the rise has been allowed to be as rapid as it has. At 240% debt to GDP, Japan really can't allow long-term yields to keep rising the way they have. This is where fiscal dominance is acute. pic.twitter.com/a118IbKVk8 …
It always starts slow. A whisper of tariffs. A hint of retaliation. A tough-talking press conference with flags in the background. But behind the noise, the playbook is already in motion. Not just from Washington. From the other side. They are not just reacting. They are setting the trap. And they know exactly what works. …
Simply, the whole topic could be summed up with this cartoon. Sadly the keyword and mindset in Europe is: “NO. IT’S IMPOSSIBLE.” But these matters are always nuanced so first, let's understand the full picture… pic.twitter.com/y2glFsZfCK — Alessandro Palombo (@thealepalombo) December 5, 2024 First, the salary gap is staggering. Senior software engineer compensation: • Silicon …
🇨🇦 landlords are drowning in red ink, clinging to hopes of future equity gains while the cash bleed grows https://t.co/Qqm6cHMJmA — Shazi (@ShaziGoalie) December 2, 2024 BREAKING: 1 million Ontarians used food banks. With food costs already UP 35%, Trudeau will hike his carbon tax on food again next year, on his path to QUADRUPLING …
The campaign also gave a $350,000 payment to Nu Vision Media on September 9, according to FEC filings first reported by the Times. Nu Vision Media is a media company run by journalist Roland Martin. Martin spent roughly 30 minutes interviewing Harris on his streaming program in October. Vice President Kamala Harris’ campaign reportedly gave …
by confoundedinterest17 Biden/Harris started the fire! And the house market is still burning. S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in April, so there is a significant lag to this data. Here is a graph of the …
The iconic Burning Man festival is feared to be on its last legs, with demand for tickets at an all-time low just a week before the event begins. Fed-up revelers fled Nevada’s Black Rock Desert last year after torrential rain turned the event into a muddy mess – and now it seems the magic has …
No one wants to run with Heels Up, she was already turned down by a dozen people before they got to the Putz from Minneapolis! Now there is lots of chatter that Timmy Tampons may get dumped as soon as this weekend. No one wants to be associated with Harris, they KNOW she is a …
Voters are “Angry” about the economy as wages fall behind, inflation re-accelerates, and debt and multiple jobs are the only way to make ends meet. Washington has given up trying to fix it, doubling down on inflationary spending, mandates, and welfare. Praying media can… pic.twitter.com/m9ZXx5AnWX — Peter St Onge, Ph.D. (@profstonge) June 26, 2024 Every …
Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his …
The recent surge in gold prices serves as a stark contrast to the cautious approach taken by wealth advisors, with a significant 71% allocating only 0-1% of their portfolios to the precious metal. What’s even more striking is the absence of any investors holding 10% or more in gold—an indication of underutilization despite its historical …
With all of their belongings packed into a stroller, Gabriella Crespo and her 14-year-old son, Adeimis, wait outside an emergency homeless shelter in the Mission District each night, wondering whether there will be space on a school gymnasium floor for them to sleep. Crespo, who fled Venezuela around a month ago to escape sexual violence …
DES MOINES, Iowa (AP) — The third-party presidential movement No Labels decided Friday to field a presidential candidate in the 2024 election after months of weighing the launch of a so-called “unity ticket” and discussions with several prospects. Delegates voted in favor of moving forward during an online convention of 800 of them from every state, said Mike …
An hour and a half away from Beaumont, you’ll find a fast-growing development called Colony Ridge. Critics say it’s become a metropolis of migrants and a symbol of the border crisis. Others even claim it’s a haven for the Mexican drug cartels. Many of the roughly 50,000 who live here are skilled day laborers. “They …
At the start of the year, people thought there would be rate cuts, but now that’s not so sure. Wage growth is still high, making 2% inflation doubtful. Stocks seem tired, adding more uncertainty to the mix. There are only three certainties in life, death, taxes and markets being wrong about federal-funds rate pic.twitter.com/DAzbBsoEfO — …
Amidst widespread disillusionment with stocks, property, and various domestic assets, Chinese mom-and-pop investors are left poorer and angrier. Gold emerges as the only resilient asset amidst the financial turbulence. As investors lose faith in traditional avenues, gold gains favor as a safe haven. However, discontent looms as stock investments falter and property values decline, leaving …
In a historic turn of events, a coalition of countries is joining the farmers’ protest against the green agenda, signaling a significant global resistance. The list of nations includes the Netherlands, Scotland, France, Germany, Poland, Belgium, Lithuania, Romania, Italy, Greece, Spain, and Portugal. As these countries unite, the farmers’ protest gains momentum, reflecting a shared …
Two new polls out this morning both point in the same direction: a big win for former President Donald Trump in Tuesday’s New Hampshire GOP primary. Trump’s lead over former South Carolina Gov. Nikki Haley has slowly but steadily increased in the Suffolk University/Boston Globe/WBTS daily tracking poll over the past week. In interviews conducted Saturday and …
BREAKING: China economy grew around 5.2% in 2023: Premier READ: https://t.co/YFpRF9hjFj pic.twitter.com/kC6OyTC4YN — Insider Paper (@TheInsiderPaper) January 16, 2024 Chinese Premier Li Qiang said Tuesday the country’s economy was expected to have grown by around 5.2 percent in 2023, as he addressed an annual meeting of global elites in Davos. The figure would represent an …
Evidently God hears the prayers of the crows. h/t JustmeTX