Independent thinking for complex markets and current events
FIGHT THE POWER, STICK IT TO THE MAN: Update: The Gadsden Kid Is Undefeated, Has His School Running for the Hills. What’s wrong with the Gadsden flag, you ask? According to school staff, it has its roots in slavery and the slave trade, a claim Jaiden was obviously highly amused by and whose facial expression …
via publicintegrity.org: After U.S. and allied warplanes destroyed a key bridge carrying 15 oil and gas pipelines in northern Iraq during the 2003 conflict there, officials in Washington and Baghdad made its postwar reconstruction a top priority. But instead of spending two months to rebuild the span over the Tigris River at an estimated cost …
by ihasanemail [So I’m a Mandarin-speaking Asian dude from Texas. This is all anecdotal, so this is only my first-hand observations. Feelings are useless in trading. You a moron if you trade off a story versus hard facts.] I was in Beijing for a wedding, then was a tourist through Chengdu and Harbin and various villages …
No one takes you seriously — 𝐁𝐨𝐛𝐛𝐲 𝐃𝐢𝐞𝐬𝐞𝐥 (@RealSaltySlim) August 1, 2023
https://twitter.com/_/status/1685089013609218048 A Japanese man who spent more than $20,000 to become a dog has finally taken his first walk and immediately made some canine friends. Known only as Toco, the man spent two million Yen (A$22,000) on a hyperrealistic border collie costume to fulfil his lifelong dream of “becoming an animal”. In recent updates shared …
by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even if we leave out the usually volatile food and energy prices (like the Fed does …
The FDIC “mistakenly” releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March. “10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. (Spoiler alert: They were Chinese accounts) This wasn’t about systemic risk, it was about bailing out the billionaires …
Interest costs are a quarter of the deficit, leading to unsustainable debt. Latest US Treasury data show we're on unsustainable path: interest on the debt was a whopping $61 billion in May, more than was spent on veterans benefits and services, education, and transportation COMBINED; interest costs were a quarter of the deficit last month: …
Costco has spent $1 billion to ensure a steady supply of their famous in-store rotisserie chicken – setting up their own massive farm and slaughterhouse in Nebraska, with 500 chicken houses each containing 42,000 chickens. The Washington-based company is the only one to have its own processing plant, which is spread across a 400-acre site …
A scientist claims he has increased his lifespan by 20 percent after living 93 days underwater. Joseph Dituri, 55, a retired Naval officer, has been living inside a 100-square-foot pod at the bottom of the Atlantic Ocean for 93 days, researching how a pressurized environment impacts the human body. The mission was also designed to …
The system design is that who ever closest to the money will get richer and those who furthest away from money/fiat source will be poor. That is why bankers, politicians, and elites wealth increase exponentially with each crisis. https://youtu.be/aXXB8ETjEVc The economy in a nutshell Ht u/InternstionalTop2405 pic.twitter.com/WOurSCv1el — Wall Street Mav (@WallStreetMav) June 4, 2023 …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for seasonal factors jumped by 0.5% in April from March, after two months of declines and …
