Authored by Irina Slav via OilPrice.com,The US became the world's largest exporter of LNG in 2020, setting a record.There are concerns that new proposed LNG production facilities could cause market saturation and low prices, as well as competition from low-carbon alternatives.Despite…
Authored by Irina Slav via OilPrice.com,The US became the world's largest exporter of LNG in 2020, setting a record.There are concerns that new proposed LNG production facilities could cause market saturation and low prices, as well as competition from low-carbon alternatives.Despite…
Update: Here is a live feed of Christine Lagarde who now faces the unenvious task of explaining why she hiked 50bps at a time when Credit Suisse is on the verge of collapse and every incremental rate hike by the ECB…
Update: Here is a live feed of Christine Lagarde who now faces the unenvious task of explaining why she hiked 50bps at a time when Credit Suisse is on the verge of collapse and every incremental rate hike by the ECB…
Authored by Michael Maharrey via SchiffGold.com,As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck.Well, if it looks like a bailout, walks like a bailout, and talks…
Authored by Michael Maharrey via SchiffGold.com,As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck.Well, if it looks like a bailout, walks like a bailout, and talks…
Authored by Jim Quinn via The Burning Platform blog,“We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said,…
Authored by Jim Quinn via The Burning Platform blog,“We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said,…
Authored by Helen Partz via CoinTelegraph.com,The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank...The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed…
Authored by Helen Partz via CoinTelegraph.com,The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank...The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed…
The world was saved there briefly overnight after SNB's giant liquidity shot into CS.But it didn't take long fort reality to sink in about the band-aid-like nature of this facility.However, the situation under the hood may in fact be worse than…
The world was saved there briefly overnight after SNB's giant liquidity shot into CS.But it didn't take long fort reality to sink in about the band-aid-like nature of this facility.However, the situation under the hood may in fact be worse than…
Authored by Simon White, Bloomberg macro strategist,The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the case for a US recession that remains underpriced by equity and credit markets.Remember QT? To misquote Dirty…
Authored by Simon White, Bloomberg macro strategist,The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the case for a US recession that remains underpriced by equity and credit markets.Remember QT? To misquote Dirty…
After an unexpected decline in January, Housing Starts and Building Permits were expected to rebound modestly in February, but they didn't - they exploded back with Starts up 9.8% MoM and Permits up 13.8% MoM...Source: BloombergHousing Starts soared thanks to a…
After an unexpected decline in January, Housing Starts and Building Permits were expected to rebound modestly in February, but they didn't - they exploded back with Starts up 9.8% MoM and Permits up 13.8% MoM...Source: BloombergHousing Starts soared thanks to a…
Initial and continuing jobless claims continue to exist in the 'matrix' of a 'strong economy' as both fell last week (192k vs 212k and 1.684mm vs 1.713mm)....Source: BloombergAnd in the face of that 'great' data, The Philly Fed Business Outlook was…
Initial and continuing jobless claims continue to exist in the 'matrix' of a 'strong economy' as both fell last week (192k vs 212k and 1.684mm vs 1.713mm)....Source: BloombergAnd in the face of that 'great' data, The Philly Fed Business Outlook was…
Well, we warned last night that the euphoria from the "rescue" of Credit Suisse in the form of a CHF50 billion (priming DIP) loan from the ECB would not last long, to wit:... don't hold your breath for some breathtaking surge:…
Well, we warned last night that the euphoria from the "rescue" of Credit Suisse in the form of a CHF50 billion (priming DIP) loan from the ECB would not last long, to wit:... don't hold your breath for some breathtaking surge:…
Authored by Michael Msika, Bloomberg,The turmoil around Credit Suisse is gripping traders’ attention just days after the collapse of Silicon Valley Bank. For investors holding bank shares, today’s European Central Bank meeting will be a test case for whether monetary authorities…
Authored by Michael Msika, Bloomberg,The turmoil around Credit Suisse is gripping traders’ attention just days after the collapse of Silicon Valley Bank. For investors holding bank shares, today’s European Central Bank meeting will be a test case for whether monetary authorities…
Credit Suisse shares jumped 40%, most on record, at the European open after the lender tapped the Swiss National Bank for as much as 50 billion francs and offered to repurchase debt, but have since trimmed gains in half amid speculation…
Credit Suisse shares jumped 40%, most on record, at the European open after the lender tapped the Swiss National Bank for as much as 50 billion francs and offered to repurchase debt, but have since trimmed gains in half amid speculation…
In the aftermath of the Credit Suisse near failure and (insufficient) bailout, today's ECB decision carries added weight. Here, courtesy of Newsquawk, is a summary of what to expectECB policy announcement due Thursday 16th March; rate decision at 13:15GMT/09:15EDT, pressconference from…
Virgin Orbit Holdings Inc. shares crashed in premarket trading on a report that it's "furloughing nearly all its employees and pausing operations for a week" as it searches for an emergency funding lifeline. CNBC reported that on Wednesday, executives from Virgin, the satellite…
By Steven Kopits of Princeton Policy AdvisorsReaders will recall that, for the last several months, I have noted that US oil production per the EIA's weekly Petroleum Status Report was inconsistent with the data from the EIA's monthly Drilling Productivity Report (DPR) The…
Authored by Pepe Escobar via The Cradle,In an exclusive interview with The Cradle, Russia's top macroeconomics strategist criticizes Moscow's slow pace of financial reform and warns there will be no new global currency without Beijing...The headquarters of the Eurasian Economic Commission…
The Consumer Price Index (CPI) provides a steady indication of how inflation is affecting the economy. This big picture number is useful for policymakers and professionals in the financial sector, but most people experience inflation at the cash register or checkout…
Authored by Michael Clements via The Epoch Times (emphasis ours),A national gun rights organization is decrying the expansion of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) in President Joe Biden’s $6.8 trillion budget proposal for 2024.President Joe Biden talks…
This morning we published a note looking at "How This (Asset) Cycle Finally Ends" in which we explained why the imminent tightening in credit conditions - beyond the near-record tightness already observed in the most recent SLOOS....... resulting from small banks…
Authored by Chris Hedges via Scheerpost.com,Proxy wars devour the countries they purport to defend. There will come a time when the Ukrainians will become expendable to the U.S. They will disappear, as many others before them, from U.S. national discourse and…
Multimillionaire California Governor Gavin Newsom failed to disclose his ties to Silicon Valley Bank while lobbying the White House and the Treasury Department over a pending bailout, The Intercept reported on Tuesday.The White House “acted swiftly and decisively to protect the…
Authored by Walt Zlotow via AntiWar.com,The Russo-Ukraine war has brought up a concept sorely lacking in the American vocabulary: Proxy War. Most folks are familiar with the word proxy. Ask and they might respond "Oh yes, like when I sign over…
At a moment it's widely understood that Russian forces have the upper hand in Bakhmut, with the eastern city nearly surrounded, a new bipartisan push is on among Congressional hawks to pressure the administration into approving sending F-16 jets to Ukraine. Politico…
Authored by John and Nisha Whitehead via The Rutherford Institute,“I know the capability that is there to make tyranny total in America, and we must see to it that this agency and all agencies that possess this technology operate within the…
Lawmakers in San Francisco heard several proposals on Tuesday by a city-approved reparations committee tasked with figuring out how the city can 'atone' for decades of racism by the city government.The more than 100 recommendations included payments of $5 million for…
Authored by Steve Miller via RealClear Wire,Democrats and their progressive allies are vastly expanding their unprecedented efforts, begun in 2020, to use private money to influence and run public elections. Supported by groups with more than $1 billion at their disposal, according…
Israel has been shaken by what's being described as a very serious security breach on its northern border, with a mysterious roadside bombing at Megiddo in northern Israel on Monday now being described as a terror act of Lebanese Hezbollah.Until Wednesday, there was…
Authored by John Mac Ghlionn via The Epoch Times,Artificial intelligence (AI), we’re told, will probably destroy humanity. Then again, those in the know tell us that it probably won’t. One thing AI will definitely do, though, is take our jobs, leaving a mass of unemployed,…
In its most aggressive assault yet on addictive Chinese video-sharing sensation TikTok, the Biden administration is demanding that its Chinese owners sell their stakes or face a U.S. ban of the app, the WSJ reported citing people familiar with the matter.…
Forget SVB, Credit Suisse is the real thing - a SIFI that could bring it all down - and that is perhaps why the world his pet rabbit decided to buy some counterparty risk protection on the Swiss bank...Source: BloombergCredit Suisse…
The student body at one of the country's most prestigious women's colleges has approved a referendum urging the school to open admission to all nonbinary and transgender people -- including trans men. Tuesday's vote at Wellesley College in suburban Boston isn't binding.…
Authored by Kit Knightly via Off-Guardian.org,Last Friday saw the total failure of the Silicon Valley Bank, the 16th biggest bank in the United States. The biggest bank failure since the 2008 financial crisis.By Sunday, the Silvergate Bank and Signature Bank had…
Authored by Gary Bai via The Epoch Times (emphasis ours),Defendants in the ongoing Jan. 6, 2021, Capitol Breach trial suffered a defeat on Monday, as the court ordered that the defendants may not cross-examine an FBI agent for most of the…
While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly…
Authored by Steve Watson via Summit News,In an appearance on Hannity Tuesday night, Senator Lindsey Graham floated the idea of starting world war three, before accusing the Biden Administration of doing exactly that.Reacting to the apparent downing of an unmanned U.S. drone over…
Despite its MQ-9 Reaper drone crashing into the Black Sea on Tuesday after reportedly being harrassed and hit in a midair collision by a Russian fighter jet, the Pentagon is doubling down on its provocative and clearly risky flights near Russia's…
In Vancouver, Canada, a man who owned a Tesla opened the door of a Model 3 parked in a supermarket lot with his smartphone app. He got into the car and drove to a nearby school to pick up his kids.…
By Ven Ram, Bloomberg Markets Live reporter and strategistShould the markets’ worst fears on Credit Suisse come true, the euro-area economy will fall off a cliff, upend the global financial system and bring policy tightening by major central banks to a…