Independent thinking for complex markets and current events
Vostok, Antarctica bottomed out at −76.4°C (−105.5°F) sometime between 12:00 UTC yesterday and 00:00 this morning. 🇦🇶 If confirmed, this sets a new continental and worldwide record low temperature for March. 🌡️🏆 But you won't hear a peep about it in the press. pic.twitter.com/hPHIhSeEzu — Chris Martz (@ChrisMartzWX) March 25, 2026 Winter in the Northern …
The Food and Drug Administration (FDA) has set a risk level for the recall of potato chips due to inaccurate nutritional data and undeclared ingredients. Detroit-based Uncle Ray’s LLC initiated a voluntary recall of Lowes Foods sour cream and onion flavored potato chips on February 25. The FDA classified it as a Class II recall, …
In nearby Fuladshahr, residents said Guards forces that had entered the Hijab stadium on Saturday were targeted. Elsewhere, residents reported heavy bombing of army air and naval bases and other military facilities in Bushehr. In Qom, one message said the Safaieh area was struck around 8 a.m. Residents in Bandar Abbas reported hearing explosions since …
🚨 JUST IN — PRESIDENT TRUMP ON IRAN: "Their army is gone. Their navy is gone. Their communications are gone. Their leaders are gone. Two sets of their leaders are gone. They're down to their third set. Their Air Force is wiped out entirely. Think of it." "They have 32 ships.… pic.twitter.com/xxhdzYqHu1 — Eric Daugherty …
Russia is providing Iran with intelligence to carry out attacks on US forces in the Middle East The targeting data includes the locations of American warships and aircraft in the region, and is being shared with Tehran since the conflict escalated. 📰 The Washington Post pic.twitter.com/i7ktTPiQ7o — Visegrád 24 (@visegrad24) March 6, 2026 Russia is …
via notayesmanseconomics This morning has brought some news that brings an old theme on here to mind. In fact two parts of it. There was the theme of currency wars from over a decade ago and the consistent attacks from the US Treasury that China has devalued its currency to gain a competitive economic advantage. …
“Every time the Unemployment Rate crosses its 36-month moving average from BELOW, a recession sets in.” https://t.co/3rknCG3YUH — Kalani o Māui (@MauiBoyMacro) January 18, 2026 “Private credit investors pull $7bn from Wall Street’s biggest funds” Fewer eyes on this story if it drops on the Saturday of a long holiday weekend??? “Private credit investors pulled …
The Trump administration has told countries that want a permanent spot on the new Gaza Board of Peace (BoP), which will be responsible for rebuilding the Gaza Strip and ensuring Hamas’s disarmament, that they must contribute “at least one billion dollars,” Bloomberg News reported on Saturday night. “Each Member State shall serve a term of …
CITI SAYS ITS BASE CASE 0-3 MONTH TARGET IS NOW $5,000/OZ FOR GOLD, AND $100/OZ FOR SILVER CITI SAYS SILVER TO CONTINUE TO OUTPERFORM GOLD — *Walter Bloomberg (@DeItaone) January 13, 2026 Jerome Powell is under criminal investigation. The DOJ served grand jury subpoenas on the Federal Reserve three days ago. In 8 days, the …
Illinois Gov. JB Pritzker on Monday accused the Trump administration of staging a “military-style invasion” of Chicago, striking fear in residents with “thuggery” tactics by immigration agents and even deploying Black Hawk helicopters to raid an apartment building. Pritzker slammed the Trump administration’s immigration crackdown targeting Chicago just hours after the state and City of …
Stock futures opened sharply lower. Dow futures shed about 0.8%, S&P 500 futures dropped 0.9%, and Nasdaq 100 futures fell 1%. Earnings weakness added pressure, but Trump’s tariff shock dominated headlines. “The average tariff rate roughly on reciprocal is going from about 2.5% to 15%,” said Vasu Menon, managing director at OCBC. https://www.reuters.com/business/view-investors-react-trumps-new-reciprocal-tariffs-announcement-2025-08-01/ President Trump’s …
NOW – Bessent Just Blew the Lid Off 50 Years of American Failure—Trump’s First 100 Days Are About to Change Everything Treasury Secretary Scott Bessent just said the quiet part out loud and it was a direct shot at the political class that ran Washington for the last half-century. “I’m not mad at the tariffs …
The White House has put itself and the country in a bad situation but doesn’t realize it yet. Around April 10th China to USA trade shut down. It takes ~30 days for containers to go from China to LA. 45 to Houston by sea, 45 to Chicago by train. 55 to New York by sea. …
Earnings are set to disappoint, and it’s not just about outlooks. The damage is already done. Some are wondering why the Russell 2000 is getting hammered while tech stocks are the focus of the pullback. Others debate whether earnings themselves will be bad or if only guidance will suffer. The answer is simple: both are …
A federal judge on Monday scheduled a Wednesday court hearing for Mahmoud Khalil, a recent Columbia University graduate who was arrested by U.S. Immigration and Customs Enforcement (ICE), forbidding the government from moving forward with deportation efforts before then. Lawyers for Khalil, a green card holder and leading pro-Palestinian demonstrator whose arrest was cheered by …
“I’m very glad that President Macron has called our leaders to Paris,” Sikorski said, adding he expects the European leaders to discuss, “in a very serious fashion,” the new Trump administration. French President Emmanuel Macron has summoned Europe’s leaders to Paris on Monday for an emergency summit, where President Trump will be on the agenda …
BRILLIANT — DESANTIS SETS REPORTER STRAIGHT ON ILLEGALS. How can you not love this. The vocabulary is changing, and quickly.pic.twitter.com/b7hE6oE07r — Citizen Free Press (@CitizenFreePres) January 24, 2025
The team used timed pulses and a form of synthetic light to reduce errors and improve the accuracy of their quantum computer. Researchers at MIT have developed two new control techniques that have enabled them to achieve a world-record single-qubit fidelity of 99.998 percent using a superconducting qubit called fluxonium. This breakthrough marks a significant …
FRANKFURT, Germany (AP) — German President Frank-Walter Steinmeier on Friday ordered parliament dissolved and set new elections for Feb. 23 in the wake of the collapse of Chancellor Olaf Scholz’s coalition, saying it was the only way to give the country a stable government capable of tackling its problems. Scholz lost a confidence vote on …
Middle managers are in a tough spot right now. They’ve been a target for layoffs as companies look to lean out their organizations, but that doesn’t look like it’s changing (in the short term). The reduction of middle managers has been a theme of the last 2 years so there are less decision makers between …
The race is on to prevent the sinking of a cargo ship off the Dutch coast which is carrying almost 3,000 vehicles, including 350 Mercedes-Benz, as it burns out of control with an electric car believed to be behind the deadly fire. At least one crew member died and others were injured after fire ripped …