Independent thinking for complex markets and current events
Something about these wealth numbers is hard to ignore. Billionaire wealth jumped 16% in 2025 to a record $18.3 trillion. The world’s 12 richest people now hold more wealth than the bottom 4 billion people combined. Global personal wealth increased 10.8% last year. But the big question is where that wealth went. The gains were …
This is peak complacency. When the skew hits zero and everyone is short yen together, the unwind will be violent. Bonds are already screaming in multiple countries. The spread between single-stock volatility and the VIX just hit a record high: The index looks calm because the names are canceling each other out, not because risk …
by Michael As I write this article, large explosions are being reported all over Iran. Does this mean that the “Memorandum of Understanding” is doomed? Iran made a very foolish move when it decided to start attacking commercial vessels in the Strait of Hormuz again. It was inevitable that the U.S. would respond militarily, and this time …
Stop changing the race of characters. Please and thank you. https://t.co/JlVYl37J0z — Rodney (@cryptojourneyrs) July 7, 2026 Christopher Nolan’s The Odyssey second trailer faced heavy online dislike (reported ~87% ratio). Official accounts locked comments on major trailers. Casting of Lupita Nyong’o in a lead role (widely discussed as Helen) drew criticism for deviating from traditional …
July 7 (Reuters) – Three tankers were hit in the Strait of Hormuz on Tuesday, including an LNG carrier at risk of explosion, as huge crowds mourned Iran’s slain Supreme Leader Ayatollah Ali Khamenei in the holy city of Qom. Qatar blamed Iran for the attack on a huge Qatari liquefied natural gas tanker, the …
Jimmy talks to Senator Ron Johnson about his investigation into COVID-19 vaccine safety monitoring, focusing on claims that federal health agencies used flawed statistical methods that obscured potential vaccine adverse-event signals. Johnson argues that FDA officials, including former vaccine regulator Peter Marks, were warned that their monitoring system could miss safety concerns but continued using …
Sand and dirt brought over from Africa will create dry, hot conditions and reduce chance of hurricanes
One of the worst heatwaves in European history is underway. Peak high temperatures forecast this week: France: 45°C / 113°F Monday-TuesdayLondon: 39°C / 102°FAmsterdam: 34°C / 93°FBerlin: 38°C / 100°FParis: 41°C / 106°F pic.twitter.com/1tBeFtHJ3x — Colin McCarthy (@US_Stormwatch) June 22, 2026 🇫🇷 Les quais de Seine : « c’est bouché, on passe pas la » pic.twitter.com/cL3WGRTNwc — …
Chevron will fuel a massive Microsoft data center in West Texas with natural gas under a 20-year agreement, the oil major announced Monday. The data center, called Project Kilby, is expected to consume nearly 2.7 gigawatts of electricity, equivalent to the power needed to run about 2 million homes. Most of the electricity will come …
El-Erian says the war scars last decades with inflation shocks supply chain breaks and permanent higher costs Dan Dicker calls for $135 oil unless a real deal sticks because stockpiles sit dangerously low One narrow strait now gives Iran huge leverage over global trade The old cheap efficient system is dead "You’re going to see …
The view from our headquarters @LACOFD pic.twitter.com/FgVaFPayUG — Grant (@LACo2CAR) June 18, 2026 Big fire start around 2:35 pm at Lineage Logistics cold storage warehouse in Boyle Heights (1400 S Los Palos St), Los Angeles. Building very big, almost 500,000 square feet. Fire begin on roof and burn many solar panels, make thick black smoke …
Companies are pouring $725 billion into data centers and chips this year. That is a 77% jump over 2025 and it is starting to break balance sheets. Free cash flow for the biggest tech giants is plummeting as a result. Investors are looking at the math and calling it a bubble. Retail investors are still …
Every equity bubble inevitably becomes a credit bubble before it bursts… https://t.co/3I0Tyg1Rnf pic.twitter.com/qkwJgOO9Tc — Charlie Bilello (@charliebilello) June 15, 2026 Hold on a second, does this mean OpenAI lost DOUBLE the money than what Sam Altman publicly claimed in 2025!? If this isn’t securities fraud at this point let’s just scrap that law 🤷🏻♂️ https://t.co/fNd1BmXKJ2 …
Market price climb 34% this month despite massive share dilution and erratic energy cost Company report show $150 million in new debt for data center hardware purchase Institutional holder dump 12 million share since January while retail buyer FOMO trigger rally Mining margin shrink fast due to high hash rate difficulty and rising electricity fee …
Congress passed 133 broadband programs. Its Big Idea Is a 134th. There are things that a free market will never do, and it’s usually for very good reasons. Running fiber-optic cable down a twelve-mile dirt road costs a fortune, and the handful of households scattered along that road will never pay enough in monthly bills …
A massive fire tore through the 1-million-square-foot Medline Industries warehouse in Tracy today. The blaze started just before 1:00 p.m. and quickly overwhelmed the massive structure. Thick, black smoke could be seen from miles away as the building was declared a total loss. The facility is a critical hub for medical-surgical supplies across the United …
via SSB: “Over the next few hours increasingly negative stories will be leaked to the press driving the market down. Then 5 min before market close hell hold a press conference with the ayatollah. They’ll announce they’ve reached a permanent truce, as they hold hands looking deeply into each-others eyes. Then theyll announce Baron Trump …
6.5 million international travelers are landing in North America while Ebola screening protocols at hubs like Atlanta and Dulles shift to 21-day active monitoring CDC and DHS have formally restricted entry for travelers from DRC Uganda and South Sudan to contain Bundibugyo virus risks before the opening whistle Hospital networks in host cities are mandating …
by Michael We were just minutes away from all-out war in the Middle East, and most people that are living in the western world have no idea what just happened. After hitting Iran with two waves of strikes, Israeli Prime Minister Benjamin Netanyahu had ordered an absolutely massive third wave, but he called it off …
Iran launched a barrage of seven ballistic missiles at Kuwait and Bahrain on Saturday. Gulf monarchies condemn the strikes as a “flagrant violation of sovereignty.” U.S. forces responded with direct strikes on Iranian coastal radar sites. CENTCOM confirms intercepting multiple one-way attack drones over the Strait of Hormuz. The fragile April ceasefire is effectively dead …
A devastating explosion in northeastern Myanmar has claimed the lives of more than 45 people and injured approximately 70 others, according to rescue workers and independent media reports. The blast, which occurred around noon on Sunday in Kaungtup village, Namhkam township, reportedly struck a building used for storing mining explosives. Among the confirmed fatalities, 46 …
Financial disclosures show the exact buy before the announcement. HuffPost confirms the publicity jackpot for his personal stake. Reddit corruption map drops the full web linking Roberts court straight into the admin. This isn’t random. It’s the full family and financial capture running in plain sight. Swamp didn’t drain. It just upgraded its hardware. America …
Five people were killed and 34 were injured in a massive crash between a bus and six vehicles on Interstate 95 in Virginia early Friday morning, according to state authorities. The accident unfolded at about 2:35 a.m. on I-95 south in Stafford County, about 45 miles south of Washington, D.C., the Virginia State Police said. …
Burry dropping bombs: SpaceX, OpenAI, Anthropic IPO wave could hit $4 trillion — bigger than the dot-com peak. It is already bursting. Why do you think the AI companies are rushing to get IPOs? They are trying to offload the bag before skipping out. Meta launches AI leaderboard to track employees, then shuts it down …
Muckraker caught the whole Dominican pipeline red-handed in Lawrence. Free food stamps and charity hauls stuffed into barrels and shipped straight to DR bodegas for cash. They’ve been running this scam wide open while we foot the bill. Vance just got tagged, this better light a fire under real investigators. Enough of our money getting …
Credit card processor data shows a 15% drop in luxury sector sales over the last 30 days… Metropolitan luxury malls recorded 22,000 fewer high-net-worth visitors this month than in May 2025… Luxury watchmakers are slashing prices by 20% to clear out inventory that is no longer moving at retail… Private wealth managers report a massive …
A two-story building in Oak Cliff near Bishop Arts District went up in a fireball yesterday afternoon after reports of a gas leak. Dallas Fire-Rescue escalated to a 4-alarm response with nearly 100 firefighters battling the blaze and searching rubble. At least two women and one child confirmed dead, four hospitalized, and up to 11 …
Doctors push new blood tests for colon cancer as cases surge in younger adults https://t.co/A0nBwqRzry pic.twitter.com/sSIRLfUmCp — New York Post (@nypost) May 28, 2026 The American Cancer Society (ACS) has updated its guidelines for colorectal cancer screening. The organization released the update in its flagship journal on Wednesday, noting that the new recommendations “re-affirm” that …
