Independent thinking for complex markets and current events
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over. Treasury Secretary Janet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists …
Financial markets ponder the prospect of a fresh inquiry at the company, still yet to get to grips with huge financial problems that have sparked a series of defaults on its debts. Shares in crisis-hit China Evergrande have plunged by up to a quarter after the apparent detention of staff by police. The company, which …
Geologists have uncovered what they believe could be the world’s largest lithium deposit inside an ancient supervolcano along the Nevada-Oregon border in the US. Clay containing up to 40 million metric tons of the precious metal was identified throughout the 28-mile-long McDermitt Caldera – nearly double what has been found in Bolivia’s salt flats that …
Watching 1/2 the world's militaries deploy for "training exercises" on the same week. https://t.co/McUObV6cWX pic.twitter.com/8dXYi1HBYe — Financelot (@FinanceLancelot) September 11, 2023
In what is being called the “world’s worst traffic jam,” some 200 cargo ships are waiting to pass at the Panama Canal as the area experienced its worst drought in 100 years. pic.twitter.com/SHh6wa8muF — Massimo (@Rainmaker1973) August 20, 2023 (August 19, 2023) Panama – Panama Canal Drying Up And Hundreds Of Ships Are Stuck In …
via Mike Shedlock: BRICS+ is set to expand. Let’s discuss the hype regarding an alleged reshuffling the world order. Push to Reshuffle World Order Reuters reports BRICS Welcomes New Members in Push to Reshuffle World Order The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab …
New composition of BRICS will control 80% of world oil production With the addition of Saudi Arabia, the United Arab Emirates and Iran to the BRICS, the Union will be able to control the lion's share of the world's oil production. The same goes for the sharp GDP growth of the… pic.twitter.com/gqVkGbZ7Ic — Sprinter Press …
It's not a conspiracy anymore… London train station launches world's first facial recognition security gates The first ever biometric corridor for train travel opened today in London's Eurostar terminal. The system replaces border checks with a face verification checkpoint that… pic.twitter.com/qMkZulX4U1 — 🌐geopolitics in the picture (@geogeolite) July 30, 2023 Your face could be your …
his employment status: Beggar It is a practice normally employed by the unemployed and people down on their luck. However, begging is turning out to be a lucrative job for one individual in Mumbai, India. Local media is reporting that beggar Bharat Jain has bagged himself $890,708 by panhandling on the streets of the tech …
One of the world’s ‘most dangerous plants’ has arrived in the UK, with a sting so strong it’s been known to cause suicidal thoughts. The Gympie-Gympie is so potent that it’s been likened to being ‘electrocuted’ and being on fire at the same time. Whilst the painful plant is usually kept in botanical gardens, one …
Animals including sharks and some reptile species can continuously regrow teeth. It’s been assumed that humans only grow two sets of teeth in their lifetime, but in fact, there is evidence that we also have the “buds” for a third set. When treatment of teeth is no longer possible due to severe cavities or erosion …
via CNN: In addition to the world’s lowest birthrate, South Korea has one of the world’s fastest aging populations. That has left it with a problem familiar to graying nations across the world, namely: how to fund the pension and health care needs of a growing pool of retirees on the tax income generated by …
From San Francisco to Hong Kong, higher interest rates and falling property values are bringing the commercial real estate market to a perilous precipice. In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall …
The world’s first walking manikin that generates heat, shivers, walks and breathes like a human could help scientists understand our body’s resilience to punishing heat waves. Scientists at Arizona State University (ASU) redesigned a robot used by clothing companies for sports gear to mimic the thermal functions of the human body. The test droid, ANDI, …
by BoatSurfer600 Source: sagar Singh LinkedIn A new world record! Bulls, your faith in policy-makers is totally unwarranted. Short-covering in Regional banks has marked every turn in the market since the all time high. pic.twitter.com/HL7efgTOgN — Mac10 (@SuburbanDrone) June 7, 2023 Lowest VIX since pre-pandemic. Because what could go wrong. pic.twitter.com/163eH0nZrS — Mac10 (@SuburbanDrone) June …
Elon Musk has reclaimed his position as the world’s wealthiest person, the latest data from the Bloomberg Billionaire Index shows. According to the ranking, the Tesla, SpaceX and Twitter owner’s wealth has jumped to $192 billion, against $187 billion amassed by French luxury goods magnate Bernard Arnault. The two businessmen have been neck-and-neck at the top spot …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar. …
