Independent thinking for complex markets and current events
Bulls keep agreeing that everyone is bearish so it's contrarian to be bullish. In what can only be described as the biggest circle jerk in market history. Here is the put/call ratio since the Liberation Day shock which occurred on April 2nd. Which was followed by the China shock… pic.twitter.com/ZsFJjjEf4a — Mac10 (@SuburbanDrone) April 13, …
Debris from the downed Vineyard Wind unit is continuing to wash ashore, this time impacting Westport, Massachusetts….and potentially more is on its way to Rhode Island. After a wind turbine blade failed due to a manufacturing flaw near Nantucket, the massive Vineyard Wind facility was closed, and the city was poised to sue. Nantucket’s iconic beaches were cluttered with sharp …
There is a common narrative about the state of the economy that’s often promoted by mainstream media and political figures, particularly those supporting this current administration. According to this narrative, everything is going great – the economy is booming, inflation is under control, and the labor market is thriving. However, many Americans find it hard …
California’s recent minimum wage hike, especially for restaurant workers, has sparked significant challenges for the industry. Restaurant owners, including those at popular chains like Chipotle and McDonald’s, are grappling with operational and financial adjustments to stay competitive while meeting increased labor costs. Who could have predicted that? It’s not like economists have been warning about …
Amidst the fervor surrounding Bitcoin’s price surge, fueled by expectations surrounding ETFs and halving events, critical analysis suggests that the current valuation may be detached from underlying fundamentals. As speculation outpaces historical patterns, concerns arise regarding the sustainability of this momentum, especially in light of emerging factors such as liquidity dynamics and inflationary pressures. With …
Breaking news echoes a surreal twist in the economic landscape as the biggest Pentagon contractors, typically synonymous with multibillion-dollar deals, now reject and cancel contracts due to the pervasive grip of inflation. In this unforeseen turn of events, certainties unravel, welcoming a journey into what seems like Bizarro World. This disruption challenges the very notion …
by AC Alright, buckle up for this one. So, it seems like they’re pulling some pricing shenanigans, you know, the kind that messes with your head. Take ChapStick, for example – they’re slapping a fake markdown from a whopping $9 down to $1.43. And it’s not just lip balm; we’re talking hefty bags that normally …
EV batteries are not an efficient store of energy. This is represented in their massive loss of value after so many years of ownership. EV car waste is > virtue signaling EV owners — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 10, 2024
Investor sentiment surveys are expressing overwhelming positivity, suggesting a rosy outlook, while economic surveys paint a contrasting picture, indicating a deteriorating situation. This stark dichotomy between investor optimism and the grim economic reality underscores a perplexing divergence in current perceptions. "Basically investor sentiment surveys are saying everything is awesome again, while economic surveys are saying …
The skepticism towards government data, particularly from the Bureau of Labor Statistics, has reached a point where credibility is questioned. Does anyone seriously believe the government data from the Bureau of Labor Statistics anymore? Their credibility is worse than the CDC and the FDA. Soft landing … Cooling economy …. Meanwhile people are broke 🤡 …
via David Sacks: “THE UKRAINE WAR’S “CRONKITE MOMENT”: Zelensky’s own inner circle tells TIME that the war is unwinnable. If you haven’t read it yet, this week’s TIME magazine cover story on Zelensky is extraordinary. It confirms almost everything that critics of the war have been saying, starting with the fact that it is unwinnable …