Independent thinking for complex markets and current events
By Martin Armstrong The kids Obama attempted to bomb in Yemen all those years ago grew up fast. They’ve now formed surprisingly efficient militias who hate the West and have become powerful enough to impact global trade. Yemeni Houthi rebels are blocking carriers from passing through the Suez Canal and have created near pandemic-level disruptions …
Saudi Aramco (ARMCO) on Sunday cut the official selling price by $2/bbl from January levels to $1.50/bbl over Oman/Dubai quotes, the lowest in over two years. Prices in northwest Europe and the Mediterranean were reduced $1.50 to $2/bbl vs. the ICE Brent crude benchmark compared to January prices. On the other hand, U.S. oil production …
🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …
The latest report from the Federal Reserve reveals a slowdown in U.S. consumer-credit growth for October. Consumer credit expanded at a 1.2% annual rate, a significant drop from the 3% rate observed in September. October saw a total consumer credit increase of $5.2 billion, down from the prior month’s gain of $12.2 billion. Contrary to …
2/2 But is this the wrong metric? This chart may be the better way to look at it. If so, the US economy still has $2.9 trillion of "excess" money to keep CPI "sticky." pic.twitter.com/WnkjnEAelr — Jim Bianco (@biancoresearch) December 17, 2023
Joe is spending $$$$$ like a drunken sailor! https://fred.stlouisfed.org/series/M2SL AC
by Ryan McMaken Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, …
Authored by Ryan McMaken via The Mises Institute, Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply …
A controversial initiative by the Biden Administration proposes to permit the importation into the US of fresh beef from Paraguay. Many industry stakeholders protest that this will expose American agriculture to the risks of foot-and-mouth disease, with potentially devastating socioeconomic consequences. Climate warriors increasingly target cows as destructive, and now Biden risks the entire US …
by confoundedinterest17 Under Biden’s Reign of Error (or green economic transformation), the US has seen over 8 million illegal immigrants enter the US which is a far greater number than births in the US. In other words, Americans apparently are NOT being born under a bad sign. Hence, the US is seeing the demand for housing …
Dr Michele Paulatto, from Imperial College in London, told Sky News seismic activity is continuing on the Icelandic peninsula, causing almost ‘continuous’ earthquakes. He said: “The seismic activity is continuing, so there’s continuous earthquakes – they’re not very large at the moment, but they mean that the magma is still moving and that the system …
by Napalm-1 Hi everyone, We know that the global annual uranium supply is in a structural deficit, that can’t be solved in a year time and not at today’s low uranium price (~75USD/lb) The uranium market is in a structural global deficit and it can’t be solved in 12 months time. In fact, the Total …
China will tighten reporting controls on strategic rare earth elements, according to its Commerce Ministry, in a move that could choke off America’s supply of critical minerals used in the production of electric cars and missiles. The decision is being viewed as a message to Washington about Beijing’s potential to target specific industries as a …
Financial markets are sounding the alarm bells as the M2 money supply experiences unprecedented levels of contraction. Notably, this is the first time in U.S. history that Treasuries have recorded three consecutive years of losses. The concern deepens with reports of a substantial rally in U.S. bonds last week, primarily driven by hedge funds that …
Higher deficits & unemployment, more govt borrowing, more money supply, more inflation… And the US wants to wage war in Ukraine & a Messianic one in the middle east? China sees the US Empire over-extended, & will soon heat-up the South China Sea…https://t.co/kSQOeRIsfH — St. Aubrun (@st_aubrun) November 2, 2023 FED'S POWELL: WE ARE NOT …
Look at what fixing prices has done to Argentina's gasoline supply. Socialism at its best pic.twitter.com/sOsycjCcXf — AXEL KAISER (@AXELKAISER) October 29, 2023
https://twitter.com/_/status/1712033127214756309
The Army’s top civilian leader expressed concerns about the U.S.’s ability to support Israel and Ukraine at the same time during a Monday press conference, particularly when it comes to supplying 155mm artillery rounds. U.S. Army Secretary Christine Wormuth said the Army would need more money from Congress to supply both Israeli and Ukrainian forces …
The tug-of-war btw global recession & Saudi Arabia continues. After wrestling control from demand via supply constraints, suddenly demand is back on the table. Plunging gasoline use in the US has spiked gasoline stocks threatening to spill over.https://t.co/bzQDDykYs1 pic.twitter.com/HmZ3O31SoA — Jeffrey P. Snider (@JeffSnider_EDU) October 5, 2023 S&P Global's services number just barely on the …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it would result in the biggest inventory drawdown since 2007. Voluntary production cuts by OPEC… pic.twitter.com/9I1ZPWrzU8 …
Londoners are ‘panic buying’ water after tens of thousands have had their supply cut off across the capital – as shops are running out of bottles and schools have been forced to close. a ‘power supply problem’ at a Thames Water plant would be the cause… known till now… The affected postcodes are: CR4, E5, …
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With …
⚡️Erdogan said he had extensively discussed the grain deal with Putin, “it played a huge role in preventing a food crisis” pic.twitter.com/IiSRU0xOuz — War Monitor (@WarMonitors) September 4, 2023 Erdogan:Only 6% of ships loaded with grain were destined for African countries, so Russia has every right to be angry. pic.twitter.com/c3OgexD2N5 — Sprinter Press (@SprinterPress) September …
via naturalnews: Samuel Fisher, owner of Golden Valley Farms, is being persecuted by the U.S. government all because his family raises their own animals, slaughters the meat on the farm, and sells that meat to the community. Mr. Fisher is a mild-mannered, father of five who owns and operates a 100-acre cattle farm in the heartland of …
by FearlessEggplant3036 If they sell any of it at $200 the price will crash to $0, so they do monthly burns eg. if they burn: 1 billion coins x $200 = 200 Billion dollars burned, so why would a company “that doesn’t care about hundreds of billions” scam/embezzle a few billion dollars worth of customer …
David vs. Goliath: Big Government’s War on an Amish Farmer customers asked him to process his own animals for meat , VA dept of healh seized all meat and wouldnt let him use it to feed his family or his dogs and definitely not sell it. h/t Coastie Patriot
European Natural gas prices just spiked 40% today ALONE. This is the biggest daily increase since March 2022. A long-lasting worker strike is likely to limit supply, Citigroup estimates EU natural gas prices could double. The never-ending fight against inflation continues. pic.twitter.com/RqTHNCE203 — The Kobeissi Letter (@KobeissiLetter) August 9, 2023
via naturalnews: The automotive industry is losing money hand over fist as it attempts to comply with the Biden regime’s “green” energy initiatives, which includes eventually replacing all gas-powered cars with electric vehicles (EVs). General Motors (GM) is reportedly struggling with costs as it feverishly works to unleash more EVs while still maintaining some kind of …
https://www.youtube.com/watch?v=91gXUl1E-Sc Have you noticed that delivery delays are becoming a lot more frequent recently? That’s because a new set of supply chain disruptions are impacting the shipping and trucking industry right now. Both maritime and road transportation companies are facing labor and capacity issues, increased costs, and bankruptcies in recent months, and these problems are …