Authored by Mark Hemingway via RealClear Wire,Without much fanfare, earlier this week Jeff Gerth, a Pulitzer-Prize winning former New York Times investigative reporter, dropped a thorough and damning four-part article dissecting the media’s obsessive reporting on Donald Trump’s alleged collusion with…
Via SchiffGold.com,With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as Peter Schiff pointed out during his podcast, Jerome Powell…
After soaring 130% at its highs of the day, bankrupt-ish Bed Bath & Beyond (having already missed interest payments on its bonds) just pulled a Hertz, announcing its plan to offer series A convertible preferred stock and warrants, raising over $1…
Authored by Nouriel Roubini, op-ed via The Financial Times,The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China...The US dollar has been the predominant global reserve currency since the design of…
At the end of November, AI research company OpenAI launched ChatGPT, a chatbot that's both incredibly useful and - as many have pointed out, incredibly racist against white people, hates Donald Trump, and Republicans in general.Last week, OpenAI expanded its partnership…
Authored by Paul Joseph Watson via Summit News,American surfing icon Bethany Hamilton has vowed to boycott the professional tour over a rule change that allows biological males who identify as women to compete against female surfers.Hamilton took the stance after the…
Friday's payrolls print started the panic, but the weekend's reality-checks on what Powell said and what the market wanted to hear has sparked a massive resurgence in the short-term interest-rate market's perceptions of The Fed's rate-trajectory. The terminal rate expectations has…
Authored by Mike Shedlock via MishTalk.com,At the current pace, interest on US government debt will soon hit one trillion dollars...Annualized intertest on US national debt from the BEA, chart by MishNote that interest on the national debt either stabilizes or drops…
Authored by Aldgra Fredly via The Epoch Times,Apple has reportedly removed Damus, a Twitter-like social media app backed by the nostr protocol, from its Chinese app store owing to content deemed “illegal” by the Chinese communist regime.Damus shared on Feb. 3…
There was a glaring contradiction within Goldman's Research group (unlike its FICC traders, who tend to have a much better and cohesive grasp of recent market developments. and whose predictions are far more accurate): on one hand, the bank's equity research…
Authored by Daniel Lacalle,There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase in prices, it is the destruction of the…
A neo-Nazi couple was arrested and charged with conspiracy to damage power substations encircling Baltimore City that would "completely destroy" the metro area, according to Department of Justice (DoJ) court documents. On Monday, DoJ prosecutors announced Florida resident Brandon Clint Russell, an alleged…
The share of newly registered passenger cars worldwide produced without provisions for assisted driving systems has become smaller and smaller in recent years.As Statista's Katharina Buchholz reports, according to the Statista Mobility Market Insights, “regular” cars made up a minority of only 14.4…
Authored by Tsvetana Paraskova via OilPrice.com,On Monday, Saudi Arabia raised the official selling price of its flagship crude going to Asia in March. The hike, which was the first in six months, was due to expectations of a rebound in Chinese…
The recent trend of consolidation among global gold miners accelerated significantly over the weekend when Newmont Corp announced a conditional and non-binding proposal to acquire 100% of the issued shares of Newcrest Mining Limited.Already one of the world’s biggest gold miners…
Update (0956ET): A 7.5-magnitude earthquake followed by a powerful 7.8 tremor in Turkey has caused 1,900 deaths so far across southeast Turkey and Syria. About 1,121 deaths were reported in Turkey, while 783 died in Syria.More than 2,830 buildings have been destroyed,…
By Michael Every of RabobankThe sound of balloons burstingPOP! Go hopes for a US labour-market slowdown allowing a Fed pivot. Instead, Friday’s payrolls data made a stronger case for the risks of a Fed shift towards halting at 6%, not 5%.…
After a rollercoaster week which saw a nonstop torrent of news, central bank announcements, earnings and market gyrations, DB's Jim Reid reminds us that the week after payrolls is - thankfully - quiet for data. Which is good because as Reid…
By Tsvetana Paraskova of OilPrice,The Ceyhan oil terminal in southern Turkey has halted operations after the devastating earthquake in Turkey and Syria early on Monday, Tribeca Shipping Agency said, as carried by Reuters.A powerful earthquake of 7.8 magnitude on the Richter…
Authored by John Rubino via Substack,Gold bugs and other long-suffering critics of fiat currency and endless credit expansion have for decades been predicting that soaring debt would eventually blow up the financial world. As the story went, governments with unlimited printing…
On Friday, we first reported that according to Goldman's Prime Brokerage team, following the sharp post-FOMC/ECB/BOE market rally Thursday led by High Retail Sentiment (GSCBHRSB), High Beta 12M Losers (GSCBLMOM), and Most Short (GSCBMSAL) stocks, the bank's Prime book - a…
Authored by Frank Fang via The Epoch Times,The U.S. military has started a recovery mission for debris from the Chinese spy balloon that was shot down by a U.S. fighter jet on Feb. 4, according to the Pentagon.Several U.S. Navy and Coast Guard vessels…
The post-payrolls slump in US stocks and global markets was set to deepen on Monday amid jitters around the Fed's policy outlook and an escalation of tensions between Washington and Beijing. Nasdaq 100 futures were down 1.2% as of 745 a.m. ET while…
A Boeing 747 air tanker crashed Monday afternoon while fighting a wildfire on Western Australia’s southern coast, according to the local media outlet WAtoday. The Boeing 737 Fireliner National Large Air Tanker crashed around 4:15 PM local time near Fitzgerald River National Park.…
Update (1125ET): SPACs aren't back. The Japanese maker of half-million-dollar flying motorbikes rolled into a blank check company with a value of $600 million plummeted on Monday morning. On Friday, Aerwins Technologies Inc. debuted on the Nasdaq via a SPAC deal with Pono…
By Ishika Mookerjee, Bloomberg Markets Live reporter and analystInvestors are betting hard that China’s reopening will boost earnings across the globe this year, with consumer industries likely to reap the largest windfall.Having spent three years under Covid confinement, consumers in the…
Heading into 2023, Goldman was bearish on most asset classes, except commodities where the bank forecast a 43% gain as "supply shortages bite." Since then the commodity picture has ebbed and flowed, and after commodities experienced a modest bounce following China's…
Authored by Mike Shedlock via MishTalk.com,Let's discuss why the EU lags on artificial intelligence, electric vehicles, cloud storage, phone technology, and nearly everything else...Eurointelligence comments Europe is Losing the AI Battle.Having missed the first stage of the digital revolution, Europe is now…
By John Liu and April Ma, BBG Markets Live strategists and reportersThe reopening euphoria that vaulted a key Chinese benchmark to the brink of a bull market is losing steam, highlighting investor caution about the pace of economic recovery. China’s stock…
By Michael Kern of OilPrice.com,Russia’s budget revenues from oil and gas plunged in January by 46% compared to the same month last year due to the sanctions on Russian oil exports, which led to a slump in the price of Russia’s…
Germany is currently mulling reducing its focus on the long hyped 'green' initiatives as it scrambles to ramp up lagging defense manufacturing after recently approving a 100 billion euro military revamp in response to the Russian invasion of Ukraine.Unnamed officials have…
Authored by Thomas Brooke via Remix News,Conservative MPs who supported Britain’s withdrawal from the European Union have called for the country to either ignore or ditch the European Convention on Human Rights (ECHR), which they claim is preventing the country from…
Authored by Robin Koerner via The Brownstone Institute,Scott Adams is the creator of the famous cartoon strip, Dilbert. It is a strip whose brilliance derives from close observation and understanding of human behavior. Some time ago, Scott turned those skills to commenting…
A movement by east-Oregon conservatives to secede and join Idaho is picking up steam, according to the Daily Mail, which interviewed the movement's leader, Mike McCarter.Mike McCarter is president of the Greater Idaho Movement. The campaign is stepping up its push…
Authored by Andrew Korybko via The Automatic Earth blog,The “official narrative” surrounding the Ukrainian Conflict has flipped in recent weeks from prematurely celebrating Kiev’s supposedly “inevitable” victory to nowadays seriously warning about its likely loss.It was therefore expected in hindsight that other dimensions of the information…
A magnitude 7.8 earthquake struck southern Turkey at 4:18 a.m. Monday near the city of Nurgadi, which was followed by a powerful 6.7 magnitude aftershock. Devastation spread into northern Syria, and the quake was felt as far away as Tel Aviv…
By Liu Chongyong of WuBlockchain,On February 1, 2023, Bitcoin Network mined the largest block in history, containing a nearly 4M largest transaction in the history, and the transaction fee is 0...The big transaction was sent out by indie developer @udiWertheimer’s “Taproot…
The Biden White House has made it their top priority to present the US economy as a wellspring of jobs creation and recovery. Biden relies primarily on jobs data as proof that his economy is the "best economy ever" and has…
By Eric Peters, CIO of One River Asset Management“You take something off the table here,” barked Biggie Too. “Feels like we’re somewhere in peak Goldilocks,” continued the Global Chief Strategist for one of Wall Street’s Too-Big-To-Fail affairs. “At some point you…
Another week, another defeat for the gun-grabbers: A federal law barring marijuana users from owning and possessing firearms has been ruled unconstitutional. In a 54-page ruling in favor of Jared Harrison handed down Friday in Oklahoma, U.S. District Judge Patrick Wyrick said the government…
Just when you thought the FTX travesty couldn't get any more bizarre, the now bankrupt company is trying to claw back political donations and other spending that took place at the direction of former CEO Sam Bankman-Fried. A press release made its…
Authored by MN Gordon via EconomicPrism.com,About the time the most trusted man in America, Walter Cronkite, signed off from the CBS Evening News for the last time, something momentous happened in the U.S. credit market. Few people, apart from Bill Gross…
Russia and Iran plan to establish a joint drone manufacturing facility inside Russia, according to a weekend Wall Street Journal report, which comes following US and European efforts to target Iranian-made drones going to Russia with sanctions.The Iranian kamikaze drones which have for…
The fake meat industry appears to be in a death-spiral as sales at plant-based 'meat' companies Impossible Foods and Beyond Meat have imploded.As Axios reports, "after years of hype, the tide is turning against the first generation of plant-based protein makers."Last…
Authored by Steve Watson via Summit News,A new update to the popular “Sims” video game, where the player controls communities of simulated characters, now features transgender characters replete with chest binders and scars from having their breasts surgically removed.The Update was…
"Central bankers think they are the masters of the universe because the world is looking to them (and only them) to deliver continuous stability and prosperity. There is no reason to suppose that they understand the modern financial system and economy…
Authored by Tom Czitron via The Epoch Times,Environmental, social, and governance (ESG) has been a hotly debated topic over the last few years. The seemingly unquestioned march towards corporate utopia has met with resistance among those who oppose the idea that government…
Former President Donald Trump lashed out at a report from an anonymous US Defense Department official who said over the weekend that spy balloons transited over US territory while he was president."This never happened. It would have never happened," Trump told…
By Peter Tchir of Academy SecuritiesWhy Do I Keep Thinking 0DTE stands for Zero Dark Thirty?There is a lot to talk about this week:How we nailed the inflation story and got the Powell presser more or less right, but got the…
In January this year, Tesla made the surprising announcement that it would be cutting prices on its vehicles by as much as 20%.While price cuts are not new in the automotive world, they are for Tesla. The company, which historically has…