Independent thinking for complex markets and current events
by Michael Without sufficient quantities of oil, the global economy will not be able to operate normally. So the fact that the global economy is running a massive “oil deficit” right now should deeply alarm all of us. Even since the war with Iran began, the world has been consuming far more oil than it …
Market data shows semiconductor stocks hitting extreme “euphoria” levels last seen during the tech bubble … The current parabolic move in chip stocks is a mirror image of the 2021 NFT and crypto craze … Retail investors are piling into the top names at record prices despite massive psychological warning signs … Analysts warn that …
by Michael Do you remember the endless barrage of layoffs and store closings that we experienced during the Great Recession? Well, it is starting to happen again. All over the country, large employers are bringing down the axe really hard. For those that have been laid off, the outlook is not promising at all because …
Rep. Thomas Massie (R-Ky.) says on Meet the Press that he questions why releasing the Epstein files would be “politically painful” for his party after Speaker Mike Johnson (R-La.) called for an early recess, delaying a vote on the Epstein files to September.
In 2008 and again in 2020, similar steep drops in credit were quickly followed by aggressive Fed rate cuts and liquidity injections. This time, we’re seeing the same kind of credit contraction, but the Fed is still holding rates high, and there’s no sign of emergency fiscal support coming either. That’s what makes the current …
by Michael We are about to find out what happens when thousands of very popular products are suddenly no longer available for sale. A lot of Amazon shoppers have been shocked to learn that some of their favorite products have already disappeared. In fact, there are entire stores on Amazon that are now completely gone. …
The view from China: “The US is not getting ripped off by anybody” “The problem is the US has been living beyond its means for decades. It consumes more than it produces. It has outsourced its manufacturing and borrowed money in order to have a higher standard of living than it’s… — Amena Bakr (@Amena__Bakr) …
US Vice President Kamala Harris has silenced a crowd of supporters following a chant as social media users mocked the “awkward” moment. Harris appeared at a campaign rally in Scranton, Pennsylvania, where her supporters began chanting “Ka-Ma-La”. Instead of using the moment to galvanise her voters, Harris attempted to start her own chant of “Let’s …
Israeli Prime Minister Benjamin Netanyahu has indeed made strong statements regarding Israel’s response to the recent missile attack by Iran. He emphasized that Iran would “pay” for the attack and that Israel is determined to “exact a price from our enemies”1. This rhetoric suggests a significant and forceful response from Israel, which aligns with the …
UK yields are rising after Prime Minister Starmer warned that his government’s October budget statement will be “painful” and asked the nation to accept “short-term pain for long-term good” in his first major speech in office. https://t.co/T90KgMhLN0 pic.twitter.com/VDRyTM20VN — Lisa Abramowicz (@lisaabramowicz1) August 27, 2024
Are rate cuts bullish? No. Is the worst over? No. Can Wall Street be trusted? No. The chart of the week: "Not this again!" pic.twitter.com/ArMnkGs4vS — Mac10 (@SuburbanDrone) August 9, 2024 It took all week but the S&P 500 has rallied back to Friday's closing level. It was a week to nowhere and no net …
2/ Initial jobless claims has been rising throughout 2024 Which points to a slowly weakening labor market pic.twitter.com/Uf9VtSYRZG — Bravos Research (@bravosresearch) July 30, 2024 4/ A rise in claims has also coincided with sharp market declines pic.twitter.com/YyyynzYOhb — Bravos Research (@bravosresearch) July 30, 2024 6/ In 2024, claims have risen from 190,000 to 240,000 …
Van Jones last night, post debate. It's not just panic, this is painful for Democrats.pic.twitter.com/Av3UsVWcEl — Citizen Free Press (@CitizenFreePres) June 28, 2024
‘We just witnessed the end of Joe Biden’s presidency.’ Millions just witnessed the end of a presidency live on television. Joe Biden’s performance during the debate was embarrassing. Whenever CNN put him up on the split screen, he had a thousand-yard stare. He didn’t look old. He looked ancient. He looked empty. Kamala has no shot vs Trump.
How Turning Point, once spurned by the RNC, is becoming Trump’s ‘force multiplier’ in battleground states The organization has become a powerful ally of Donald Trump’s presidential campaign. DETROIT — When Donald Trump takes the stage in Detroit on Saturday, it will mark the second time in two weeks that he has headlined an event …
After years of ascending growth, some of the most powerful US tech corporations have started to slide hard and fast in the world’s second-largest economy amid the new reality of doing business there. Beijing has endorsed uber-nationalism. In turn, sentiment toward Western business has soured. That’s especially so as domestic companies have stepped up as …
In case there is still any confusion: "Prices are unlikely to return to pre-Covid levels. It would probably take a historically painful recession to engineer that degree of deflation. In other words, past inflation is mostly water under the bridge for the Fed." – BofA — zerohedge (@zerohedge) December 26, 2023 The survey, which polled …
JEFFREY CARTER: What Is The Problem? 70% of the budget that is now $33 trillion in deficit is pre-planned mandatory spending that no one in Washington has the standing to stop. Like a kudzu plant, it grows every year and you can’t kill it. It’s hard to even slow down or trim. Venture capitalist Mary Meeker …
An indigenous transgender woman has slammed Canada’s healthcare system for rejecting her euthanasia request despite the pain she endures from a surgically-built vagina. In social media posts, Lois Cardinal, a self-proclaimed ‘sterilized First Nations post-op transsexual’ said regret over her medical transition led her to apply for a lethal injection in January. ‘I’m in constant …