Finance
DealBook NewsletterChina, inflation, electric vehicles, deplatforming and other hot topics dominated the DealBook Online Summit this year.By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and
Long-term inflation expectations have fallen significantly over the past few weeks, to the lowest levels going back to March 2021, at least according to 5-year, 5-year forward breakeven rates. pic.twitter.com/eNOlIlA3vV…
That is a new institution founded by Alec Stapp and Caleb Watney, here is the opening of their manifesto: We’re excited to announce that today we are launching the Institute…
A California City Overrun With Crows Turns to Lasers and a Boombox to Scare Them Away Smithsonian Trapped by snakes, nature-exploring pre-teen Southlake girl rescued from drainage pipe Fort Worth…
With Omicron evading the current crop of vaccines with effortless ease and the UK Government withdrawing most other virus-control measures, there is no rational justification for vaccine mandates for healthcare…
My end of week morning train WFH reads: • ‘It’s All Just Wild’: Tech Start-Ups Reach a New Peak of Froth How crazy is the money sloshing around in start-up…
Time and again, I keep coming back to these beautiful cars. (See this 1936 810 Cabriolet, 1937 812 Super-Charged Beverly, 1937 812 Super-Charged Westchester, and this 1937 812). If I had room in my…
French president Macron, in his opening speech of his six-month term as EU president, might as well have poked a stick in a nest of hornets. He had the temerity…
Building up U.S. chip production has been a focus of lawmakers and companies alike amid a global shortage of the crucial components.Intel has selected Ohio for a new chip manufacturing…
Yves here. The UN assumes that farms around the world will need to feed 2 billion more people by 2050. I suspect Mother Nature/the Jackpot will dent those numbers. By…
From N., an MR reader: I own crypto in 3 different centralized exchanges, two hardware wallets, one software wallet (Metamask), have four cryptos staked in multiple different pools and I…
Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute,“Totalitarian paranoia runs deep in American society, and it now inhabits the highest levels of government.”- Professor Henry GirouxOnce…
NASA's Curiosity rover has spent a decade hunting for ancient signs of life on Mars. The rover has collected sedimentary rock samples rich in a type of carbon associated with…
Authored by Gail Tverberg via OurFiniteWorld.com,In my view, there are three ways a growing economy can be sustained:With a growing supply of cheap-to-produce energy products, matched to the economy’s energy…
Russia and Iran have unveiled plans to hold maritime joint naval exercises with China on Friday. The somewhat rare naval drills will take place in the northern Indian Ocean, and is part…
Authored by Matt Taibbi via TK News,Leave our cow alone!Esteemed Yale professor Samuel Moyn tweeted this yesterday, cruelly tagging me and forcing a look at New York Times columnist Thomas…
Shortly after the start of the COVID pandemic, scientists at Yale University started testing wastewater collected from the sewers of New Haven for any insights it might convey about the…
It's the latest example of "vaccines for thee, but not for me..."Despite the fact that the Supreme Court has blocked OSHA from enforcing the Biden Administration's corporate vaccination mandate for…
Earlier today we quoted a JPMorgan trader who was wondering if after yesterday's mid-day swoon, the result of systematic, vol-targeting and CTA strategies unleashing a barrage of sell orders, if…
As we detailed earlier, the Central Bank of Russia issued a report today calling for a blanket ban on domestic cryptocurrency trading and mining.The report titled "Cryptocurrencies: Trends, risks, measures" compares cryptocurrencies…
Authored by Petr Svab via The Epoch Times (emphasis ours),Jessica Rose didn’t ask for any of this. She started to analyze data on adverse reactions after COVID-19 vaccines simply as…
by Calculated Risk on 1/20/2022 08:54:00 PM COVID Metrics NowWeekAgoGoal Percent fully Vaccinated63.2%---≥70.0%1 Fully Vaccinated (millions)209.8---≥2321 New Cases per Day3744,615783,922≤5,0002 Hospitalized3🚩143,874129,442≤3,0002 Deaths per Day31,7491,754≤502 1 Minimum to achieve "herd immunity" (estimated…
President Biden ended his first year in office on a low note, with polls showing public disapproval of his handling of, well, just about everything. We are, of course, hearing…
DWD released December figures today. The release makes a few points. Here are my key observations. Civilian employment from the household survey (which includes self-employment and agriculture, but is less accurately…
by Calculated Risk on 1/20/2022 03:33:00 PM With the pandemic, there was a surge in 2nd home buying. In response, Fannie made some lending changes, from Jann Swanson at MortgageNewsDaily: Fannie…
…economist Garett Jones recently opined that Trump’s scuttled hopes to release a COVID-19 vaccine a few weeks earlier “likely would have saved at least 100,000 American lives.” …Pfizer did not…
By Lambert Strether of Corrente Bird Song of the Day The notes say “continuing flock.” They certainly are voluble! * * * Politics “But what is government itself, but the…
Authored by Paul Joseph Watson via Summit News,The US Army is set to conduct a “guerrilla warfare exercise” later this month in North Carolina where troops will battle against “freedom…
Two months after Dave Portnoy debunked allegations by Business Insider that he had non-consensual rough sex with several women, the Barstool Sports founder announced on Thursday that Insider is back…
1. These Lina Khan remarks are less than impressive. 2. Are they building a single-stage-to-orbit space plane? 3. That was then, this is now: the Carolinas let 16-year-olds drive school…
Ukrainian President Volodymyr Zelensky is attempting to calm his population amid persisting and breathless international media reports that over 100,000 Russian troops are set for an "invasion" of Ukraine "at…
Authored by Ryan McMaken via The Mises Institute,The Chinese regime is doubling down in its “zero covid” strategy. In recent weeks, new covid cases have been detected in several cities.…
Oil prices extended gains this morning with WTI back above $86 as traders shrugged off a surprise crude build reported by API and ignored President Biden's pledge to maintain efforts…
Last week's eruption of the volcano near the Pacific island nation of Tonga was 600 times more powerful than the nuke dropped on Hiroshima, Japan, in World War II. As a result,…
by Calculated Risk on 1/20/2022 10:40:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Existing-Home Sales Decreased to 6.18 million in DecemberExcerpt: This graph shows existing home sales by month…
Authored by Zachary Stieber via The Epoch Times,DirecTV’s plan to boot One America News Network (OAN) is facing pushback from Republicans in Congress.Sen. Rand Paul (R-Ky.) announced this week that…
The US Congress' Energy and Commerce Oversight Subcommittee is holding a virtue-signal-fest hearing on the energy use and environmental impact of bitcoin mining this morning.Watch the "Cleaning Up Cryptocurrency: The…
by Calculated Risk on 1/20/2022 10:18:00 AM From the NAR: Annual Existing-Home Sales Hit Highest Mark Since 2006 Existing-home sales declined in December, snapping a streak of three straight months…
Authored by Zachary Stieber via The Epoch Times (emphasis ours),A legal group has filed a lawsuit against the state of New York for refusing to stop using race to help determine…
Amid Omicron anxiety, surging mortgage rates, and a dip in homebuilder sentiment, analysts expected a modest 0.6% MoM drop in existing home sales in December, but while they were right…
Yves here. While the manufacturing advantages of Corbevax look obvious and are well explained in this article, I’m less clear on what the vaccine mechanics mean for patients. For example,…
by Calculated Risk on 1/20/2022 08:34:00 AM Note: This report is for the BLS January reference week.The DOL reported: In the week ending January 15, the advance figure for seasonally…
Medical school graduates typically owe six-figure student loans but that doesn’t mean they are poorer than high-school graduates who did not go to college. Wealth, properly measured, should include the…
Sorry to be thin on original posts. Impressive thunder and lightening led to a service interruption but not a fatal one. Powerful Winds Carve Surreal Sand Sculptures Across a Frozen…
My morning train WFH reads: • Day Traders as ‘Dumb Money’? The Pros Are Now Paying Attention Last year, an army of day traders turned markets upside down. This year,…
It appears the rule of law is not entirely dead in the US. In a 3-0 ruling, the Second Circuit reversed Southern District of New York judge and Bush appointee…
Yves here. The issues of food insecurity and the high cost of resource-depleting Big Ag practices are much more acute in developing countries than the US. This post discusses an…
Yves here. Readers have likely worked out that your humble blogger is not all that excited about the perturbations of the equity market, particularly since even after the Fed (by…
On one hand, it is pro-natalist, so that makes it right-wing. On the other hand it is (ostensibly?) feminist, relieving a burden on women, so that makes it left-wing. It…