Category: Finance

Via OilPrice.com, Extreme gas price volatility has led to a string of bankruptcies among British energy suppliers UK Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October Germany’s recent decision to halt approval of the Nord Stream 2 pipeline has added to UK energy woes Google… Continue reading Brits Google “Energy Bill Help” As More Suppliers Go Bankrupt

With global bond markets starting to ‘tantrum’ at the short-end, and price-in policy-errors at the long-end, traders are hoping for soothing words from ECB’s Christine Lagarde this morning as the market has shifted notably more hawkish for European rates, pricing in a full rate-hike by the end of 2022 (due to mounting inflation expectations)… Source:… Continue reading ECB Leaves Policy Unchanged (As Expected), Will Keep Buying Bonds Until At Least March 2022

Authored by Isabel van Brugen via The Epoch Times, Taiwan President Tsai Ing-wen on Thursday confirmed for the first time in 40 years the presence of American troops on Taiwanese soil, saying that she is confident the United States would defend the self-ruled island if it were attacked by China. “I do have faith given the long-term relationship that… Continue reading President Tsai Confirms US ‘Boots On The Ground’ In Taiwan

The Cumbre Vieja volcanic eruption on the Canary Island of La Palma has been erupting for 38 days with no end in sight. A politician from a nearby island has suggested bombarding the volcano with military jets to divert lava flows, according to Newsweek.  Casimiro Curbelo, president of the town council of the island of… Continue reading Politician Wants To Bomb Canary Island Volcano To Divert Lava Flows 

Shares of Ford are up 8% in the pre-market session after the company reported mixed results on Wednesday, but raised its full year guidance. The company earned $0.45 per share versus $0.60 per share last year and revenue was down to $35.7 billion from $37.5 billion, according to MarketWatch. Despite the 23% fall in net… Continue reading Ford Shares Pop On Raised Guidance, But Company Warns Chip Shortage May Not End Until 2023

With the Atlanta Fed cutting its GDPNow estimate to just 0.2% yesterday… … there were big worries that today the BEA could reveal a shocker of a number, one far below the rapidly falling consensus estimate of 2.6%. Well, the Q3 GDP number just came out and it was bad, but not nearly as bad… Continue reading GDP Misses As US Economy Grows Only 2% In Q3, Weakest Growth Since Covid Struck

We’ve been writing about the evolving global supply shock for some time (most recently today when we addressed what may be required to normalize the supply chain bottlenecks). And yet, every day we read about another dramatic commodity spike or factory shutdown. In a recent report from Deutsche Bank’s chief FX strategist George Saravelos, he… Continue reading The Global Supply Shock Is About To Enter A Negative Feedback Loop With Weakening Demand

Authored by Paul Joseph Watson via Summit News, The Danish health minister is threatening to “shut down society” if more people don’t get vaccinated after the country experienced a COVID spike despite over 75 per cent of the population being fully vaccinated. As we highlighted on Monday, Denmark just suffered its worse COVID case load… Continue reading Danish Health Minister Threatens To “Shut Down Society” If More People Don’t Get Vaccinated

Last night we noted the Czechs had the dubious honor of suffering the first yield curve inversion of this cycle… The first inversion of many pic.twitter.com/wNPpbhcbM6 — zerohedge (@zerohedge) October 28, 2021 Then overnight saw the stress spread to Australia’s bond market, as a massive move higher in 2Y Yields undoubtedly triggered chaos in risk… Continue reading “VaR-Napalm” Misery As US Yield Curve Inverts At Long-End

Authored by Katabella Roberts via The Epoch Times, The White House reiterated this week its promise to put pressure on members of the Organization of the Petroleum Exporting Countries (OPEC) to increase production amid declining supplies and rising energy prices. Press secretary Jen Psaki told reports at a press briefing that the president is “mindful” of the increased… Continue reading White House Begs OPEC To Increase Oil Production Again Amid ‘Supply Issues’, Soaring Energy Prices