Tag: Finance

With algos busy chasing upward momentum in futures and global stocks, the biggest – if largely ignored story – remain the ongoing collapse of “China’s Lehman“, the $300+ billion China Evergrande, where following our earlier reports (see below) that a bank run  emerged among creditors of the biggest and most indebted Chinese developer as its… Continue reading Evergrande Bonds Halted Amid Liquidation Panic As Contagion Spreads To Other Chinese Junk

Aluminum prices soared to a new decade high after a military coup in Guinea stoked concerns over the supply of bauxite, a sedimentary rock with high aluminum content, according to Bloomberg.  Aluminum prices increased in London and Shanghai. London Metal Exchange (LME) contracts rose nearly 2% to $2,775 on the news of the military coup… Continue reading Guinea Coup Sends Aluminum Prices Soaring To Fresh Decade Highs

By Michael Every of Rabobank In order to cover the divergent news that matters most today, I need to start with the definition of a word – “Nu”. According to the author of ‘The Joys of Yiddish’, Leo Rosten, “Nu”, which rhymes with “coo”, is an interjection, interrogation, and expletive, second only to “oy” in… Continue reading Rabobank: “Nu?” | ZeroHedge

Australian fund manager BetaShares has officially dropped Tesla from its sustainability exchange-traded fund. Chief Investment Officer Louis Crous said the company – which normally would be a mainstay in most “sustainability” funds – was dropped because of “ethical failures” on the part of Tesla, according to Business Insider.  “Tesla is still definitely a carbon leader…but it… Continue reading “Ethical Failures”: Tesla Dropped From Sustainability ETF Due To Environmental, Labor Concerns

Authored by Jesse Felder via TheFelderReport.com, April’s inflation figures came in hotter than expected and [today’s hotter than expected CPI] only adds to that trend. As a result, you might think that markets may begin to price in an inflationary consensus. You would be wrong. As Nordea’s Mikael Sarwe tweeted last week: 🇺🇸 I note… Continue reading Markets Have Bought The Fed’s “Transitory” Narrative Hook, Line, & Sinker

As much as half of the unemployment benefits paid by the US government over the past year may have been stolen through fraud, with the bulk ultimately ending up outside the country – likely into the hands of foreign crime syndicates in China, Nigeria, Russia and elsewhere, according to Axios‘ Felix Salmon. According to some… Continue reading Half Of Pandemic Unemployment Funds May Have Been Stolen: Axios

Authored by Charlotte Cuthbertson via The Epoch Times, Customs and Border Protection apprehended 180,034 individuals illegally entering the United States in May, the highest month in 21 years. The agency said the majority, more than 112,000, were expelled under the Title 42 emergency health provision. Former President Donald Trump implemented Title 42 in March 2020,… Continue reading Illegal Border Crossings Keep Climbing; 180,000 In May

After the “eye-popping” April CPI report, expectations were for another big increase in consumer prices in May and boy, did the data not disappoint with core CPI surging another 0.7% (0.74% unrounded), which boosted the % yoy rate to 3.8% (3.80% unrounded) from 3.0% previously. This was the highest % yoy rate since 1992. One… Continue reading Here Is The Heatmap From Today’s Red Hot CPI Report

Authored by Andrea Widburg via AmericanThinker.com, Science is a buzzword on the left, but an Ami Horowitz video about masks, combined with Fauci’s contention that attacking him is the same as denying science, shows that there is no difference on the left between science and ideology. The former is completely subsumed into the latter. In… Continue reading Ordinary New Yorkers (& Anthony Fauci) Make A Mockery Of “Science”

Outspoken ‘Squad’ members have once again sparked controversy dividing Democrats in Congress – this time over support for Israel, particularly coming off last month’s eleven-day bombing of Gaza in retaliation for thousands of Hamas rockets launched. The inter-party controversy is spilling over into rare public turmoil and heated accusations. A statement from a dozen Jewish House… Continue reading Jewish House Colleagues Blast Rep. Omar For Comparing Israel To Hamas & Taliban