Independent thinking for complex markets and current events
TikToker pranks Aussie bank tellers over cash questions A TikTok comedian has taken on several Australian banks, filming their tellers asking what his reason is for withdrawing cash. In Australia, banks are required to report any cash transactions of $10,000 or more to a federal government tracking agency called AUSTRAC. The reason for this is …
via naturalnews: The notion of an electric vehicle (EV) has been around longer than the gasoline automobile, but is yet to be adopted with wide acceptance. It has been an area of debate in the auto industry for as long as anyone can remember, says Travis Okulski, an editor at Road & Track. On paper, …
Guest Post by Nick Giambruno via internationalman.com In the age of fiat currency, the distinct concepts of saving and investing have become conflated and confused. Saving is producing more than you consume and then setting it the difference aside. Investing is allocating capital to a productive business to create more wealth. Investing has more risk—and …
by Dismal-Jellyfish Source: https://twitter.com/CNBCFastMoney/status/1681423000405692416 https://www.thestreet.com/memestocks/gme/big-short-trader-danny-moses-reveals-short-position-on-gamestop-stock TLDRS: Danny Moses, recognized for his part in “The Big Short,” disclosed that he holds put options on GameStop. He expressed concerns about GameStop’s financial health, emphasizing its declining cash reserves and anticipated annual losses, while also challenging its $7 billion market valuation. Hints RC is a ‘bad trader’ for …
Got'm 🤣 But it's okay now because we're using them for the "right" reasons 😉 https://t.co/5zp5Vz1FV1 — Financelot (@FinanceLancelot) July 18, 2023
by Chris Black Russians have been bombing themselves in Donbass since 2014, blew up their own Nordstream pipeline, bombed their own Kerch bridge, blew Kakhovka dam and flooded Kherson, and were shelling themselves for months at the Zaporizhzhia Nuclear Power Plant. Of course they’re now going to blow themselves up at the Zaporizhzhia NPP. Now …
Just one of the reasons I still don't think this is a 'new bull market'.#StockMarket #BullMarket #Investing #Trading #Divergence #VerifiedInvesting #FederalReserve #Inflation #Recession pic.twitter.com/RFjQv3hyUV — Gareth Soloway (@GarethSoloway) June 26, 2023 pic.twitter.com/sxZWCJgwxl — Mac10 (@SuburbanDrone) June 27, 2023 pic.twitter.com/sLNhRuscmX — Mac10 (@SuburbanDrone) June 27, 2023
Guest Post by Richard Mills from Aheadoftheherd.com: Earlier, we listed the various reasons why the US dollar is headed lower. But this doesn’t mean all safe-haven assets are in for a reality check. In fact, this might be an opportune time to invest in precious metals, in particular gold and silver, given the current state of …