Independent thinking for complex markets and current events
via Livid-Grocery7942 So the White House published its regulatory agenda Friday. 702 rules on the chopping block, biggest semiannual list ever, claiming $1.5 trillion in savings. I went down a Federal Register rabbit hole this weekend and the picture is more interesting than that. The catch nobody will mention: most of that $1.5T is already …
The bewildering truth behind human technological enslavement is that it is impossible without the voluntary participation of the intended slaves. People must welcome technocracy into their lives in order for it to succeed. The populace has to believe, blindly, that they cannot live without it, or that authoritarianism by algorithmic consensus is “inevitable.” For example, …
by Michael It feels like someone has pulled a plug, because the U.S. economy is suddenly caught in an extremely alarming downward spiral. As I discussed at the end of last week, investors are flocking to gold and silver because they can see that a storm is coming. We have reached a point where most of …
Forget the Six Flags ride in stocks. Look at 10y If yields were going up bc inflation/tariffs why didn’t yields come down when tariffs are reduced? 🤔 pic.twitter.com/mB9iUqLvXX — George Gammon (@GeorgeGammon) April 9, 2025 Shorts are squeezed, maybe good opportunity to sell the standard US stocks. Everybody is warned now. UST Yields not coming …
Whirlpool Corp. has announced it is letting go of 651 workers from its manufacturing facility in Amana, effective June 1, in the largest single Iowa layoff since Tyson Foods last spring shut down its 1,200-worker pork plant in Perry. A statement from Whirlpool blamed the layoffs on reduced consumer demand, primarily refrigeration units. “This is …
by Mike Shedlock The GDPnow Nowcast for the first quarter took a dive on February 14. Weather-related utility production lessened the blow. GDPNow data from the Atlanta Fed, chart by Mish There were three significant reports on February 14: Retail Sales, Industrial Production, and Import-Export Prices. Import-Export Prices did not seem to matter. Contributions to …
Reddit users are voicing discontent over perceived manipulation, with many saying they’ve observed one-sided narratives across the platform. Long-time users, who once relied on Reddit for diverse perspectives, are noting a shift that feels controlled and biased, impacting their trust in the site. For some, the sheer volume of pro-Trump commentary on election threads has …
"The Trump administration sharply reduced funding to some UN agencies, but President Biden has largely reversed those cuts."👇https://t.co/Swwu78EISi https://t.co/O4gjKFhaKx — DoctorRay (@DrNoMask) August 29, 2024
Teens Skip $50 Jeans in Squeeze of Gas, Job Shortage July 2 (Bloomberg) — The financial pressures of adults are finally catching up with American teenagers. Since summer jobs dried up, gasoline prices topped $4 a gallon and parents ran out of spare cash, teens have had to cool it on spending for clothes. “I’ve …
Officials say it’s important to educate yourself and your children about clams before going ashore. h/t Digital mix guy Spock
Despite expanded capacity, U.S. wind power faced setbacks in 2023, primarily due to decreased wind velocity. Similar wind stilling phenomena in Europe underscored the vulnerability of wind-dependent energy systems, prompting a return to coal power generation during energy shortages. Wind stilling in Europe / UK contributed greatly to insane energy prices 2 winters ago. "The …
via Mike Shedlock Let’s check in on the not exactly impressive energy and inflation results of Biden’s Inflation Reduction Act (IRA). Data from the BLS, chart by Mish Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but energy policy, more precisely, climate policy. The Inflation Reduction Act …
Trump bond reduced to $175 million in NY fraud case, per Reuters — unusual_whales (@unusual_whales) March 25, 2024 TRUMP CAN PAY REDUCED BOND AS HE APPEALS $454M NY FINE TRUMP BOND REDUCED TO $175M IN NY FRAUD CASE — NewsWire (@NewsWire_US) March 25, 2024 A New York appeals court paused for 10 days a massive …
Reddit made changes to chief executive Steve Huffman’s pay shortly before reviving plans to go public, removing incentives based on the company hitting a $25bn valuation in a signal of reduced hopes for a blockbuster IPO. According to company filings, the social media company in December cancelled chief executive awards that were tied to the …
JetBlue Airways Gary Leff at ViewFromTheWing.com found that JetBlue had offered to pay 350 pilots half of their maximum hours (or 2/3rds of average compensation) for the month of April to not fly at all. He points out that following the retirement of CEO Robin Hayes, and the entry of investor Carl Icahn, the carrier …
The Republican Party of Florida on Sunday voted to functionally strip all power from current Chairman Christian Ziegler, who is under criminal investigation for allegations of sexual assault, including rape. The vote came during an emergency meeting of the Florida GOP’s state executive committee in Orlando, a gathering that was called as the Sarasota Police …
by kabkar1234 I called in to reduce my cash advance limit to the lowest possible amount and I was told $200 is the lowest I can do. I told the agent to proceed. As I refreshed my screen I noted that my Total credit limit was reduced from 20k+ to $200. I asked the agent …
“Experts suggest” your standard of living be reduced by over 85% A report on the future of travel and tourism, co-authored by a travel agency called Intrepid Travel and The Future Labs Institute, posits a future deeply impacted by climate change and restrictions on tourist travel to combat it. “A Sustainable Future for Travel”, warns …
by j_stars The Japanese yen is poised to break out against other major currencies, as bond yields in Japan are set to surge. This could reduce the financing of US markets by Japanese investors, and put downward pressure on the dollar. Fed Repo Facility Sinks Below $1 Trillion as Bills Stand Out (Bloomberg) — The …
While China has been offloading US Treasuries for 10+ years, the rate has accelerated. Both Canada and Mexico also now account for a higher % of US imports than China. It seems like the trade war is back. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/paivr3aYSS — The Kobeissi Letter (@KobeissiLetter) September …
by EuphoricTrilby A worldwide digital currency is the final hill to die on for our global oligarchs. If you have unapproved opinions about war or pandemics or etc, then BAM, your access to your own money is shut off. This is merely a gradual ban on cash, and they will apply more restrictions as time …
El Salvador’s president Nayib Bukele, who calls himself the ‘world’s coolest dictator’, retweets posts showing he now has a 90% approval rating after cutting murders by 92% and putting away 65K criminals The hardline president has imprisoned almost 70,000 gang members since March 2022 The 42-year-old has enjoyed sky-high approval ratings as a result of …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …
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