Independent thinking for complex markets and current events
The institutions that once defined American news and culture are failing all at once. The Washington Post, a paper that once wielded enormous influence, is now shrinking faster than anyone imagined. Print subscribers fell below 100,000 for the first time in more than five decades. Losses exceeded $100 million in 2024, and more than 300 …
via Phoenix Capital Research One by one, the stock market bulls are running out of market props. Throughout the initial round of selling in in stocks, bullish investors pointed to aggregate breadth as indicating that there was underlying strength in the markets. Afterall, how could a bear market unfold if overall breadth is at all-time …
Authored by Charles Hugh-Smith via oftwominds, All three pillars propping up workforce spending are cracking. Plan accordingly. Karl Marx and Henry Ford both understood the key pillar of an industrial economy: the workforce has to earn enough to buy the output of the economy. If the workforce doesn’t earn enough to have surplus earnings to spend …
Support for President Joe Biden’s candidacy is cracking in one of the party’s key pillars: New York. https://t.co/0ubXZcc2xH — Bloomberg (@business) July 11, 2024 This Daily Show focus group of Black New York voters did not go as planned. Half of the focus group (3 out of 6) said they would vote for Trump:"We're an …