Finance
Egg supplies are tightening nationwide as more than 37 million egg-laying hens have died this year due to the severe bird flu outbreak, accounting for a whopping 10% of production. The result has been soaring egg prices at the supermarket ahead…
Authored by Jack Phillips via The Epoch Times (emphasis ours),Arizona Republican governor’s candidate Kari Lake issued a Monday update, saying her attorneys are working to obtain more information and “whistleblowers are coming forward” after reports of poll issues on Election Day…
Like almost every other equity related to crypto this month, Silvergate Capital has been punished badly. As we noted last week, the stock has had a triumphant fall from grace, plunging from highs of $160 per share in early 2022 to lows near…
Authored by William Anderson via The Mises Institute,Much is made of the failure of Republicans to make predicted gains in the recent midterm elections, but, as Ryan McMaken has pointed out, Congress plays a much-diminished role in national governance to the point…
While we wait for the US and EU to unveil details of the Russian oil price caps which will be implemented in two weeks (we may have a lot to to wait after John Kirby said that “It’s not just about…
Authored by Jeffrey Tucker via The Epoch Times,Looking back, it’s utterly bizarre how the world of science could have gone so silent even as the world locked down and lives were shattered by the billions by governments the world over. The…
The NASA official in charge of the Orion lunar spacecraft program says humans could live on the moon for lengthy periods this decade.Speaking with the BBC, Howard Hu told host Laura Kuenssberg that Wednesday's launch of the Artemis rocket, which carries…
Regarding the view the US economy was in recession earlier this year (e.g., this observer less than a month ago), the CFNAI has the following takes: The three month moving average of the CFNAI dropped below 0 (i.e., dropped below trend…
Authored by Juliette Fairley via The Epoch Times (emphasis ours),Five months after filing a lawsuit against the Goleta Water District in Santa Barbara, attorneys have secured a six-figure award in favor of five plaintiffs resulting from the utility’s restrictive COVID-19 employee…
The Biden administration has extended the payment pause on student loan bills yet again. The relief has been in place since the start of the Covid pandemic and was set to expire at the end of the year. Bloomberg reported the White…
Oil prices ended the day higher after traders dealt with uncertainty around China demand amid a surge in cases and a European Union proposal to soften Russian crude sanctions.“Crude is still in the process of reversing the OPEC rumor of production…
By Bradley Hope and Tom Wright of Whale HuntingWe know all too well what happens when the public doesn't quite grasp the depths of a fraud because it's all a bit too murky and convoluted. For years, there were only a…
The current GDP deflator should be 18% higher (in log terms), or 154.2 instead of 128.2. To see this, consider the tautology: MV ≡ PQ Where M is money, V is velocity, P is price level, Q is economic activity. Assume V’ is constant; then: MV’ = PQ In…
by Calculated Risk on 11/22/2022 02:58:00 PM From WardsAuto: November U.S. Light-Vehicle Sales to Slow from Prior Month; Still Point to Stronger Q4 (pay content). Brief excerpt:Although heavily laden with pickups, inventory will rise again in November, lifting the prospects that…
We introduce a model of the admissions process based upon standard agency theory and explore its implications with economics PhD admissions data from 2013-2019. We show that a subjective score that aggregates subjective ratings and recommendation letter features plays a more…
By Lambert Strether of Corrente Bird Song of the Day Thrush Nightingale, Moscow, Russia. No, that’s not an editorial comment. Very pretty indeed! * * * Politics “But what is government itself, but the greatest of all reflections on human nature?”…
by Calculated Risk on 11/22/2022 12:43:00 PM From Black Knight: Black Knight’s First Look: Prepayment Activity Hit Record Low in October as Rates Topped 7%; Mortgage Delinquencies Up 4.5% in First Signs of Hurricane Ian Impact • Prepayments fell 16.5% to…
Corporate governance experts say the electric-car maker’s directors may need to rein in the chief executive, with whom many have personal ties.Since Elon Musk took over Twitter last month, his stewardship of the social network has been marked by turmoil, intrigue…
By Simon White, Bloomberg Markets Live reporter and strategistTighter Fed policy is raising households’ interest-rate burden, leading to a rapid decline in excess savings and underscoring the likelihood hawkishness has peaked (see "Credit Card Rates Just Hit A Record As The…
Update (1126ET): Meta spokesman, Andy Stone has denied the report, tweeting "This is false" in response.This is false. — Andy Stone (@andymstone) November 22, 2022False like the Hunter Biden laptop story Andy suppressed right before the 2020 US election?* * *Shares…
Authored by Michael Maharrey via SchiffGold.com,Interest rate hikes get most of the attention as the Federal Reserve fights inflation, but balance sheet reduction is arguably more important. And it’s not going well.Since the Fed stopped buying Treasuries and started letting bonds fall…
Leaders of the European Union are set to propose a natural gas price cap for one year, according to new draft legislation obtained by Reuters. But the new plan to contain elevated energy prices due to a plunge in Russian NatGas following…
Lambert here: Wait, what? That’s the privatized part of Medicare! By Fred Schulte, an investigative reporter, who has worked at The Baltimore Sun, the South Florida Sun Sentinel, and the Center for Public Integrity, and Holly Hacker, KHN Data Editor, previously…
By Michael Every of RabobankVirtue Signals vs. NoiseAt the World Cup on Monday, the Iranian team captain told the world’s press that he sympathized with the protestors being shot by his government before all his players refused to sing their national…
It turns out that it wasn't just the "executives" running the show at FTX and Alameda who were enjoying the luxuries of owning mansion in the Bahamas...Sam Bankman-Fried's parents were also among a group that "bought at least 19 properties worth…
by Calculated Risk on 11/22/2022 09:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Likely "Dramatic shift" in Household Formation has "Major implications" for 2023A brief excerpt: Below is a chart showing the CPS/ASEC estimates of the % of…
Authored by Paul Joseph Watson via Summit News,App store ‘gatekeepers’ Apple, Google Play and Amazon could all decide to deplatform Twitter itself following new owner Elon Musk’s commitment to free speech, according to a report.Speculation over app stores potentially targeting Twitter…
A former U.S. Army officer has been credited with ending Saturday night's mass shooting at the LGBT club in Colorado Springs. Richard Fierro speaks to reporters Monday night (via CBS4's Alan Gionet on Twitter)Richard M. Fierro survived three deployments to Iraq and…
Authored by Lance Roberts via RealInvestmentAdvice.com,Following the weaker-than-expected October inflation report, stocks surged on hopes the Fed will “pivot” sooner than later. As we discussed recently, a “policy pivot” is not necessarily bullish but instead suggests more bearish market action will come…
Five days after the Associated Press cited an anonymous 'senior US intelligence official' in a story that claimed a Russian missile killed two Polish civilians, one of the two reporters behind the story was fired.James LaPorta (Twitter)Reporters James LaPorta (fired) and…
Almost exactly 10 years ago, billionaire corporate raider Carl Icahn dueled wih fellow billionaire and hedge fund manager Bill Ackman as the latter unveiled a massive short in Herbalife which the former mocked, loaded up on longs and squeezed Ackman for…
After trading in the red for much of the overnight session, US futures inched higher shortly after the European open after a volatile session in Asia marked by rising Covid cases in China, while a Fed president turned dovish and showed…
The transcript from this week’s, MiB: Marcus Shaw, CEO of AltFinance, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite…
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,Last week the world stood on the very edge of a nuclear war, as Ukraine’s US-funded president, Vladimir Zelensky, urged NATO military action over a missile that landed on…
How Wild Turkeys Find Love New York Times The Return of the Wild Turkey New Yorker (resilc) Mapping Lyme disease across western North America PhysOrg (David L) Expert Proposes a Method For Telling if We All Live in a Computer Program…
As life gets prohibitively expensive for many people living in the US (and other rich countries), relatively cheaper countries like Mexico are becoming increasingly attractive. But for local people the costs are growing. Between January and September of 2022, Mexico issued…
Since FTX is due to lodge a big filing in bankruptcy court today, which among other things is expected to provide more detail on the unwind, it seems prudent to wait for more scandalous revelations…save for making sure a couple of…
Authored by Paul Joseph Watson via Summit News,During a speech at the Apec summit in Bangkok, where world leaders gathered, French President Emmanuel Macron called for a “single global order.”Macron made the comments while discussing the power interests of Russia and…
Yves here. It’s been a long-standing disgrace that college and university tuitions have exploded, rising far faster than inflation, and have gone almost entirely into adminisphere bloat and gold-plated facilities. Aside from top professors (who typically make more consulting than working…
Europe has had the luxury this fall of warmer-than-average temperatures, but that could all be changing as cold weather begins to pour into the energy-stricken continent. Short to medium-range outlooks from forecaster Maxar Technologies LLC indicates a cold snap for Europe early…
Authored by Steve Watson via Summit News,Following Elon Musk’s decision to reinstate President Trump to Twitter, The Mayor Of London Sadiq Khan declared that it is time for “new regulations” to police online speech.Khan, who seems to spend more time worrying…
The World Health Organization (WHO) announced in a Monday statement that the power situation in Ukraine is so dire that it will potentially be "life-threatening" for millions of Ukrainians due to the recent devastating series of Russian air attacks on the national…
Except that the claim generates virtually no controversy. I argue that moral comparisons are possible only within the “cone” of an episode of (potentially) sustainable economic growth. So you can compare a growth-maximizing policy to a non-growth-maximizing policy, and judge the…
Authored by Irina Slav via OilPrice.com,Runaway energy inflation has taken a toll on European industry, but another threat is looming.Europe’s two biggest fertilizer suppliers, Russia and Belarus have retaliated against European sanctions by cutting off fertilizer exports.The fact remains that the…
NATO countries and other global allies are now looking to shore up tiny Moldova's resources amid renewed fears of future Russian aggression and energy supply cuts against it. Around 45 countries and international institutions have met in Paris to discuss assistance to…
Authored by Peter Feher via Remix News,The EU continues to insist on creating the ever-elusive “European identity,” but is such a goal realistic?European Commission President Ursula von der Leyen speaks about Ukraine at the European Parliament in Strasbourg, eastern France, Wednesday,…
An MR reader request: You are appointed to the 24 DeSantis cabinet with the task of “fixing the administrative state”. Republicans have a very large Congressional majority. What do you try to do? I will outsource this one to James Broughel,…
Authored by Marina Zheng via The Epoch Times (emphasis ours),Ivermectin has been hailed as a “wonder drug” and, according to the UNESCO World Science Report, a critical component of “one of the most triumphant public health campaigns ever waged in the…
Authored by Alan Macleod via MintPressNews.com,Call of Duty: Modern Warfare II has been available for less than three weeks, but it is already making waves. Breaking records, within ten days, the first-person military shooter video game earned more than $1 billion in revenue. Yet…