Independent thinking for complex markets and current events
"Using the cyclically adjusted price/earnings ratios published by Barclays Bank Plc, India recently overtook the US to become the world’s most expensive major stock market."@johnauthers pic.twitter.com/anXhnW2Fzq — Daily Chartbook (@dailychartbook) June 6, 2024 CAPE in economic terms refers to the Cyclically Adjusted Price-to-Earnings Ratio (CAPE ratio). It’s a valuation metric used to assess the stock market’s …
The same retailers that have helped to push consumer prices up by 20% over the past four years are getting desperate as shoppers aggressively tighten their spending to cope with stubborn inflation. Some of the biggest retail chains in America are on a price-cutting spree to gain back their customers now that sales are declining …
The Department of Defense’s Chief Digital and Artificial Intelligence Office, or CDAO, leveraged its marketplace for fast-tracking the acquisition of innovative technologies to award Silicon Valley-based Palantir a contract to develop a data-sharing ecosystem — a tool that will help the Pentagon with its connect-everything initiative. CDAO announced last Thursday that the ecosystem — known as Open …
It looks like we’re heading back into a deflation and recession scenario, but this time, tech stocks won’t be the safe haven they once were, thanks to the overhype around AI. In summary, the deflation/recession trade is coming back on in size. And this time it won't include Tech stocks. The AI buffoonery made sure …
Development and production have been sluggish since the strikes, leaving desperate workers in the lurch: “All of a sudden the faucet just turned off.” Veteran unscripted producer Wendy Miller was attending a gathering for women over 40 in unscripted television who are unemployed when she had the idea. Though the get-together could easily have turned …
Banking sector is 🚮 — Sam Smith (@Sam65488) May 29, 2024 It appears that the banking sector is facing significant turmoil, with Bank OZK’s substantial loan exposure of $915 million, particularly concerning. The potential default on $135 million allocated for ‘Echo Street West’ in Atlanta underscores broader fears about the sector’s leverage levels. This news …
Trial consultant Molly Murphy on Wednesday warned that potential questions from the jury could pose problems for Manhattan District Attorney Alvin Bragg’s efforts to secure a conviction of former President Donald Trump. Prosecutor Joshua Steinglass spent time during lengthy closing arguments Tuesday arguing the unproven claim that Trump violated federal campaign finance law by seeking to suppress …
Pennsylvania could be at the center of America’s new ‘white gold rush’ with the discovery of a major untapped source of lithium in the state. Government scientists have shown that they can filter the precious metal from the state’s shale gas wastewater: pulling tons of lithium per day, with little left behind. They concluded that …
🚨🇺🇸 INTERNET ARCHIVE UNDER DDoS ATTACK The Internet Archive is facing a major DDoS attack, disrupting access to millions of documents and websites. The attack began earlier today, causing intermittent access issues despite efforts to mitigate it. The team assures no data is… pic.twitter.com/R2Wnj9dCfx — Mario Nawfal (@MarioNawfal) May 27, 2024 h/t Skid Marx
BY DAVID HAGGITH It’s never a good sign when an old dormant volcano starts showing numerous new cracks. Photo by Filipe Freitas on Unsplash A huge crack just busted open in the US financial world. It reeks of the sulpherous fumes of the old financial crisis: First Time Since GFC: Holders Of AAA ‘CRE-Backed’ Debt Hit With Losses …
Yet another fleet of Boeing airplanes was found to have a potentially disastrous flaw — one that could set the entire aircraft ablaze. The aircraft manufacturer discovered that its 777 liners have poor electrical insulation near its fuel tank, according to a proposed rule the Federal Aviation Administration posted in March. “This condition, if not …
Ireland, Spain and Norway to formally recognise Palestine as a state https://t.co/RMErPbFpNj — ITV News (@itvnews) May 22, 2024 I have instructed the immediate recall of Israel’s ambassadors to Ireland and Norway for consultations in light of these countries' decisions to recognize a Palestinian state. I’m sending a clear and unequivocal message to Ireland and …
US government interest payment has virtually been a straight line up since 2020 Despite crossing $1 TRILLION, this debt crisis keeps getting worse pic.twitter.com/YE8v8uLZHG — Bravos Research (@bravosresearch) May 18, 2024 2/ What matters here is not overall US government debt but rather the balance of payments. If a country runs a trade deficit this …
…due to vehicle insurance at 22.6%. The excuse of rising maintenance and parts have long since passed. This and other rampant services inflation is impervious to higher rates. The Fed are nuts to target something they can't really control, creating unprecedented goods deflation — Albert Edwards (@albertedwards99) May 16, 2024 Another 100 million Fed intervention …
by Michael The tremendous chaos that is gripping communities all over this country did not emerge out of a vacuum. For years, poverty and homelessness have been on the rise. According to a recent report from Harvard University, the number of homeless Americans has increased by almost 50 percent in less than a decade. Meanwhile, the ranks …
by Graham Summers Japan is showing us the endgame for central bank insanity. Ever since the Great Financial Crisis, the Fed has been following Japan’s playbook for propping up a financial system. Indeed, everything the Fed has done, Japan originally nearly a decade earlier. The Fed first cut interest rates to zero in 2008. Japan …
Major cities like New York City and Los Angeles, along with many others, are not reporting crime data to the FBI, contributing to a nationwide trend where nearly 40% of law enforcement agencies fail to share this crucial information. This is beyond outrageous. How can we trust crime statistics when some of the largest cities …
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New Zealand, the United Kingdom, Canada, Australia, Norway, the Eurozone, Sweden, Switzerland, and Japan. As shown …
Be skeptical of the U.S. stock market’s recent rebound – there’s more downside ahead, and plenty of evidence to back it up. The sound of alarm bells is becoming harder to ignore. With the economy slowing amid softening consumer activity, rising unemployment numbers, and spiking delinquency rates, big name stocks that have been propping up …
Nasdaq’s prolonged overbought status, extending six months, raises concerns. Comparisons between December and April suggest that while December’s overbought condition resulted in an oversold selloff, April’s less pronounced overbought state triggered a more significant market downturn. The Nasdaq is also six months overbought. What we see is that in December, that overbought reading led to …
A major solar flare approaching the X5 level (R3 Radio Blackout) is currently in progress around AR 3663. More to follow. pic.twitter.com/myAo6Unqpi — SolarHam (@SolarHam) May 6, 2024 More CMEs may be on the way. Yesterday’s flurry of X- and M-class solar flares from hyperactive sunspot AR3663 probably hurled some debris toward Earth. Confirmation awaits …
Clothing retailer Rue21 has filed for Chapter 11 bankruptcy, leading to the closure of all 543 of its U.S. stores within the next two months. The company plans to conduct large “going out of business” sales and sell its intellectual property. Sam Ash, a music store chain, is also closing all its remaining stores, resulting …
50% of the assets seized from the bank failure Friday were uninsured deposits. Just like SVB Everyone needs to remember. Anything over $250,000 in one bank is u insured. This means if you have 400k in a bank the FDIC will only guarantee 250k of it. Kiss the other 150k bye. — QE Infinity (@StealthQE4) …
The NCAA Division I Board has approved legislation to allow instant eligibility for all multi-time transfers, the organization announced Monday. The board’s approval was the final step in adopting the new rules after the Division I Council voted in favor of the changes last week. The new guidelines go into effect immediately. The group had …
Major fire on largest landfill in India, and possibly the largest landfill on earth, completely engulfed in flames videohttps://t.co/N3sfKWJGv5 — Israel-Iran-war-news (@Israel_Iran_war) April 22, 2024
🚨#BREAKING: There’s a Major 911 outages hitting the entire state of South Dakota and becoming nationwide 📌#UnitedStates | #USA Currently, mysterious widespread outages are occurring across the nation, including the whole state of South Dakota and Nebraska, parts of Nevada,… pic.twitter.com/UdDjYDPYAB — R A W S A L E R T S (@rawsalerts) April 18, …
John Eastman—a former Trump attorney—was ‘de-banked’ twice over several months by two major financial institutions, Bank of America and USAA, he told @DailyCaller. He’s “99.9% confident” it was for political reasons. Is banking being weaponized?pic.twitter.com/2PkobgCQAW — Julia 🇺🇸 (@Jules31415) April 17, 2024
H&R Block is experiencing an outage on Tax Day, according to online reports. ABC15 received a message from a viewer Monday morning from Diane, who said: “I have tried multiple times to efile my taxes since yesterday – HR Block charges my credit card, but I get gateway error messages and the tax transmission fails.” DownDetector, …
Six people were killed and several critically injured, including a baby, in stabbings at a shopping center near Bondi Beach in Sydney. The attacker, believed to be a 40-year-old man, acted alone and was shot dead by a police officer. The attack is not believed to be terror-related, and the suspect is known to authorities. …
