Independent thinking for complex markets and current events
The recent tragic event in France has left the nation in shock. A 14-year-old boy was fatally stabbed in Paris after refusing to give up his phone to two teenagers. The incident occurred as the boy was leaving a football training session in southern Paris. When he refused to hand over his phone, one of …
https://twitter.com/CollinRugg/status/1873139711016907006
Johnson & Johnson knew their baby powder contained asbestos and caused cancer. They covered it up. A generation of women suffered, linking their ovarian cancer to J&J. But the $370 billion company could get away with it using a shady legal move: the Texas Two Step. It starts by creating subsidiaries on paper and declaring …
The founder of Black Lives Matter Greater NY claimed on Friday that the jury had been targeted by a white supremacist jury specialist, Hank Newsome. He said, “They picked a white supremacist jury specialist to target the racists in that jury. ‘The prosecution pointed out the fact that the defense was eliminating people based on …
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%, according to the company’s union. The deeper-than-expected cuts come as the company faces weak sales …
Jamie Dimon typically pays close attention to the workings of financial markets and the Federal Reserve, but today his most important concern is geopolitics. The economic outlook “is teeny compared to the geopolitical situation we face,” he told an audience Thursday at the Institute of International Finance’s annual meeting in Washington, D.C. He lamented the …
https://t.co/eWPh7wGrQ4 — Chuck Callesto (@ChuckCallesto) October 18, 2024
via Daily Reckoning I’d like to start today’s issue by extending my thoughts and prayers to those impacted by Hurricane Helene, which has devastated significant portions of the southeast with massive flooding. The death toll is over 100 and may increase significantly. Let’s all hope the affected areas will recover. Moving on, with so much …
SHOCK: FBI Whistleblower Urges Americans to Vote, Arm Themselves, Stock up 3-4 Months Supply of Food and Water, and Pray. pic.twitter.com/ckX3rN0BZw — @amuse (@amuse) September 26, 2024 Holy shlit. Democrat delegate to the US House of Representatives accidentally says the quiet part out loud. She admits the DOJ and FBI are weaponized to go after …
Equities saw largest fragility shock on record… From @dailychartbook pic.twitter.com/kobmFd70EQ — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 20, 2024 Hedge Funds are net bearish on commodities for the first time since 2016. Incredible timing. Right when commodities are starting to outperform. The fund flows rotation will be epic and drive commodity prices/stocks so much …
It was a set-up to get Trump pic.twitter.com/X9IQKuVgLF — TheÐogeGlory (@GloryDoge) August 6, 2024
Western MSM minions like NYC, CNN, WSJ, BBC, DW etc are silent about whats happening in China. Because they get millions of dollars from Chinese companies. Its only because of whistle blowers and local translators through social media that this kind of news surfaces. — The Macro Story (@themacrostory) July 12, 2024 Background: China’s regulators …
BBC presenter sparks fury after calling for Donald Trump to be ‘murdered’ by Joe Biden A well-known Radio 4 presenter appeared to breach the BBC’s rules on social media impartiality today with a controversial tweet about the US election. A top BBC presenter has sparked fury today after tweeting that President Joe Biden should have …
Janet Yellen should have kept her mouth shut. Millionaire Treasury Secretary Janet Yellen appeared out of touch when asked about inflation under President Biden — insisting she goes to the grocery store “every week” and isn’t shocked by the skyrocketing prices. Yellen was quick to shoot down a question about grocery prices, which are up …
$GME Wait… You mean pumping the stock did nothing to help corporate results? Imagine my shock. And here, for the last two weeks, all I’ve heard are knuckle-dragging yokels telling me valuations no longer matter. https://t.co/afOAPC7sPh — Uncle Milty’s Ghost (@his_eminence_j) June 7, 2024 I hope you $GME suckers understand what they’re doing. They are …
As China’s automotive industry experiences a significant shift, the global automotive sector faces a potential second China shock. This shock is driven by a combination of factors, including a surge in China’s automotive exports, a shift in internal demand, and the rapid growth of electric vehicles (EVs). These developments are reshaping the global automotive landscape …
Make America affordable again … Has your income gone up more than 40% since 2019? pic.twitter.com/5AYZP26oER — Wall Street Mav (@WallStreetMav) April 8, 2024 US 10-year inflation-adjusted yields are at the highest levels of 2024. pic.twitter.com/Z0LeH1PAFJ — Lisa Abramowicz (@lisaabramowicz1) April 8, 2024 Grandma Yellen’s recent claim that inflation will continue to decline might sound …
Real Estate Investors Turn to Lawyers After ‘Huge’ CO2 Shock @business #CMBS -Some investors may be unable to afford the renovations needed -Greener buildings, meanwhile, are fast gaining in value https://t.co/awZWoj91AJ — Daniel McNamara (@danjmcnamara) March 24, 2024 Real estate investors already battered by high interest rates now face the prospect of significant writedowns triggered …
New Zealanders, including leaders from across the political spectrum, have expressed shock and devastation at the sudden death of Green MP Efeso Collins, who collapsed after a charity run in Auckland on Wednesday. “It is with profound shock and sadness that we can confirm that Green Party MP Efeso Collins has died,” said a statement …
$200 for a pack of chicken that would cost a fraction of the price anywhere else. At this rate, they’ll have everyone on soy and bugs. Welcome to Canada. $200 for a pack of chicken that would cost a fraction of the price anywhere else. At this rate, they’ll have everyone on soy and bugs. …
This is deeply concerning! New York Community Bank’s 40% stock drop, dividend cut, and unexpected loss signal potential trouble. Small banks remain vulnerable, especially with the looming Fed’s emergency loan program expiration. Many of these small banks hold tons of exposure to commercial real estate loans. 70% of all CRE loans in the US are …
(Bloomberg) — The International Monetary Fund revised down its growth estimate for Argentina, forecasting South America’s second-largest economy will shrink for two consecutive years as President Javier Milei pushes for a “significant policy adjustment.” https://finance.yahoo.com/news/imf-sharply-cuts-argentina-growth-130000884.html?fr=yhssrp_catchall But after less than two months at the helm of Latin America’s third-largest economy, the self-described anarcho-capitalist is already facing …
via Yahoo: When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised. But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices. “No …
by Michael We experienced a tremendous amount of economic turbulence in 2024, but at least the employment market was relatively stable. Unfortunately, that period of relative stability appears to be ending. The pace of layoffs really seemed to pick up steam at the end of 2023, and the outlook for the coming year is not …
Inflation? What Inflation?This is getting crazy. What other stuff is shocking you lately at the grocery store? pic.twitter.com/yyJFqFfJq5 — Wall Street Mav (@WallStreetMav) December 31, 2023 Inflation? What Inflation? Shrinkflation. We are seeing more and more of this. 221 mL vs 192 mL pic.twitter.com/AhUKIr8DsE — Wall Street Mav (@WallStreetMav) December 31, 2023 RED is reported …
