Category: Finance

On Monday the Ukrainian government announced implementation of a measure halting all its exports of gas, coal and fuel oil, citing disruptions and a domestic supply emergency due to the Russian invasion. These commodities are now prohibited for export during a time of war, the published government resolution states, which is the result of “the armed… Continue reading Ukraine Suspends All Gas, Coal & Fuel Oil Exports To Meet Internal Demand

Authored by Mike Shedlock via MishTalk.com, Over 20 million households are behind over $23 billion on their utility bills as we head into a blisteringly hot summer… Data from Census Bureau Household Pulse Survey, April 27 to May 9, 2022 Struggling to Pay Bills  According to Mark Wolfe, the executive director of the National Energy… Continue reading Over Twenty Million Households Struggle To Pay Energy Bills, It Will Get Worse

Up until this afternoon, while several banks – most notably Barclays, Jefferies and Nomura – were speculating that 75bps (or even 100bps) of rate hikes on Wednesday was possible, they were also viewed as unlikely because – as Standard Chartered’s Steven Englander said earlier – this is “not a Fed that likes to surprise”, while SGH… Continue reading “Panic”: Yields Soar After WSJ “Fed Leaker” Says Odds Rising Of 75bps Rate Hike

Authored by Michael Snyder via TheMostImportantNews.com, We haven’t seen anything like this in decades.  Energy prices are soaring to unprecedented heights.  Food shortages in some parts of the world are starting to become quite severe.  Rampant inflation is out of control all over the globe.  Meanwhile, economic activity is slowing down everywhere that you look.  Some are… Continue reading Snyder: The Worst Economic Gloom In 50 Years

Texas power demand soared to a record high on Sunday amid a severe heat wave sending temperatures into triple-digit territory. The good news is no major disruptions were reported on the grid as households and businesses cranked up their air conditioners.  Data from the Electric Reliability Council of Texas, the state’s grid operator, shows power demand… Continue reading Texas Power Demand Hits Record As Heat Dome Roasts State 

While few on Wall Street took the 75bps hike forecasts by the likes of Barclays, Jefferies and Nomura seriously until this afternoon, all that changed when the WSJ “fed whisperer” floated that a 75bps rate hike is actually all too possible, sending odds of a 75bps hike on Wednesday to a certainty from 35% earlier.… Continue reading JPMorgan Now Sees Fed Hiking 75bps On Wednesday, Sees “Risk” Of 100bps

Forty-one tons of wood laminate sheeting is on its way from Russia to India. The cargo isn’t newsworthy, but the fact that it’s traveling through Iran absolutely is—potentially marking the opening of a significant new trade corridor that strengthens Iran’s relationship with India…with big geopolitical implications.  On Saturday, Iran’s Islamic Republic News Agency (IRNA) announced that a pilot… Continue reading Test Of Russia-Iran-India Trade Route Highlights Shifting Geopolitics

Authored by Paul Joseph Watson via Summit News, Texas Governor Greg Abbott has ordered an investigation into an allegation by a parent that a teacher took his son to a drag queen show which was attended by a convicted sex offender. The claim was made by during a Houston Independent School District board meeting last… Continue reading Gov. Greg Abbott Orders Probe Into Allegation Teacher Took Child To Drag Queen Show Attended By Sex Offender

The epicenter of the next global supply chain snarl could be in South Korea as a nationwide trucker strike broadens and is hindering domestic economic activity, which may spill over to the rest of the world.  Bloomberg reports that the Cargo Truckers Solidarity Union entered its seventh day of strikes on Monday, causing $1.6 billion in disruptions for… Continue reading Trucker Strike In South Korea Sparks Economic Turmoil, Risks Global Spillover

Well that escalated quickly. Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European ‘fragmentation’ fears and all the usual geo-political, geo-economic factors that are holding back the dip-buyers as the S&P drops into… Continue reading Carnage! | ZeroHedge