Independent thinking for complex markets and current events
Elon Musk said that Tesla “dug its own grave” with the Cybertruck, as he warned that it would take years for the company to ramp up production of the electric pickup. Speaking on Tesla’s Q3 earnings call on Wednesday, the Tesla CEO said that the Cybertruck’s unique design meant the company faces immense challenges in …
Lake City is one of the biggest manufacturers of AR-15 ammo in the US. I have a few thousand rounds of their 5.56 stashed away here. It’s all over my gun circles that they just announced a total, immediate stop to all civilians sales of AR ammo. It’s all military orders, now. Lake City is …
https://twitter.com/NachoVentures/status/1706811118990090672
by confoundedinterest17 Non-scientist, 100% politician John Kerry, Biden’s special climiate enjoy, jets around the world lecturing everyone on global warming. Sort of like Leonardo Di Caprio, but uglier. But the same false science in order to control the people. Kerry praised China for its progress in fighting climate change (which changes with the seasons and …
The rig count is still in plunge mode… *A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" —International Energy Forum (IEF) and S&P Global Commodity Insights. https://t.co/8mRu56mQ9e pic.twitter.com/EoXmE1DPHd — Lawrence McDonald (@Convertbond) September 4, 2023 BREAKING: Crude oil prices rise …
New composition of BRICS will control 80% of world oil production With the addition of Saudi Arabia, the United Arab Emirates and Iran to the BRICS, the Union will be able to control the lion's share of the world's oil production. The same goes for the sharp GDP growth of the… pic.twitter.com/gqVkGbZ7Ic — Sprinter Press …
by confoundedinterest17 This is very strange. Global Treasury Yields just rose to a 15-year high (2008). This is primarily due to Central Bank moneta And REAL 10-year Treasury yields also the highest since 2009. At the same time, US industrial production is at the same level as pre-financial crisis (2007). Despite Federal Reserve monetary stimulypto …
by confoundedinterest17 Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus. Is that all there is?? US Industrial Production is DOWN -0.23% YoY while up slightly in MoM terms. As I said a …
Foxconn Technology (OTCPK:FXCOF) is starting production of Apple’s (NASDAQ:AAPL) new iPhone 15 at a facility in the Indian state of Tamil Nadu, and aims to deliver the phones only weeks after they begin shipping from factories in China, Bloomberg News reported citing people with knowledge of the matter. The tech giant aims to narrow the …
https://www.youtube.com/watch?v=910zvXDibuE The oil market has taken yet another hit this month as Saudi Arabia deepened oil production cuts to gain further control of prices at a time U.S. officials are failing to boost the domestic Strategic Petroleum Reserve, and supplies are rapidly dwindling. The shock caused by lower global oil output is threatening to undermine …
by confoundedinterest17 The Federal Reserve, an organization that even George Orwell would find outrageous, is a Minsky Moment Machine! A Minsky Moment refers to the onset of a market collapse brought on by the reckless speculative activity that defines an unsustainable bullish period. Minsky Moment crises generally occur because investors, engaging in excessively aggressive speculation, take …
Oil continues to decline Aramco CEO Amin Nasser went on TV to explain that demand should be coming back soon Meanwhile, Saudi Arabia and Russia agreed to extend their production cut of 1 million barrels a day on Monday OPEC is really making an effort to push up the price of… pic.twitter.com/JtDj1MIL0r — Genevieve Roch-Decter, …
by confoundedinterest17 I wonder if Biden’s proposed railroad from the Pacific to the Indian Ocean will generate massive industrial production growth? Is this more Bidenomics?? Industrial production unexpectedly dips in May. It peaked eight months ago. On a year-over-year basis, May’s Industrial Production declined to a lame 0.23%. As The Fed hikes rates and slows …
by Michael If farmers and ranchers don’t produce enough food, we don’t eat. So we should always be very thankful for our hard working farmers and ranchers. Unfortunately, farms and ranches all over the United States have been hit by a string of disasters in recent months, and as a result food production has taken a turn for the …
Egg prices are exploding in the United States as the food supply chain crisis spirals out of control. A new Bloomberg report exposed that food costs are rising uncontrollably all across America, reaching the highest level since May 1979.A few years back, American consumers could actually fill up an entire shopping cart full of food …