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The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the World Economic Forum and its
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing.
On the dedication page of Ron Paul’s The Revolution: A Manifesto, we find these words: “To my supporters: I have never been more humbled and honored than by your selfless devotion to freedom and the Constitution.” The modifier “selfless” is intended as a moral tribute.
Jan 24, 2023 - 12:06:43 PST
California’s richest residents — and even those who move out of state — could be required to pay a new wealth tax as early as next year.
The S&P Global Flash US Composite PMI™ shows Private sector contraction in the US continues into the new year, with renewed pick up in cost pressures.
Jan 24, 2023 - 11:58:42 PST
Three regional Fed reports I like to watch are New York’s Empire State Outlook, Philly Fed’s Outlook and Richmond Fed’s outlook. Today, The Richmond Fed released their manufacturing outlook and … it declined to -11.
Jan 24, 2023 - 11:43:02 PST
Investor confidence could be severely dented by housing markets rolling over, the economy entering a recession, or corporate profits starting to fall.
Ukraine Rocked By Corruption Scandal, Wave Of Top Officials Resign: Sports Cars, Mansions & Luxury Vacations As People SufferedJan 24, 2023 - 11:40:45 PST
The Ukrainian government on Tuesday confirmed the resignation of multiple high ranking officials amid large-scale corruption allegations, in what's being called the biggest mass resignation and graft scandal since the Russian invasion began.
The Fed is determined to shrink its balance sheet and has suggested new principles that allow QT to continue for a few more years.
Rick Santelli once quipped, back when he was allowed to speak his mind, that all stimulus is fungible. It’s what we like to call Santelli’s Law: what matters is not how much QE or QT one central bank is doing but the net flow from all of them.
Here are 12 actionable items - educate yourself about the propaganda tactics used to sell you on things that are not in your best interest.
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the U.S. might default on some of its debt. Some commentators will insist the U.S. has never defaulted, and that default be a disaster. (That’s wrong, by the way. The U.S. has defaulted before.)
How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley?Jan 24, 2023 - 08:36:55 PST
The WARN filings, by company.
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and SecuritizationsJan 24, 2023 - 08:36:19 PST
Surge of delinquencies not caused by unemployment, but by taking Big Risks, hoping for Big Profits, and getting slapped, just as in 2019.
Jan 24, 2023 - 07:52:00 PST
The Doomsday Clock was set at 90 seconds to midnight, due largely but not exclusively to Russia’s invasion of Ukraine and the increased risk of nuclear escalation. The new Clock time was also influenced by continuing threats posed by the climate crisis and the breakdown of global norms and institutions needed to mitigate risks associated with advancing technologies...
Jan 24, 2023 - 07:44:21 PST
On Monday, the US and Israel launched massive military drills, which one Pentagon official speaking to NBC News described as the “most significant exercise between the United States and Israel to date.” The drills, dubbed Juniper Oak 23, will last until Friday and will involve about 6,400 US troops, 1,100 Israeli personnel, 142 different types…
Russian Deputy Foreign Minister Sergey Ryabkov said Monday that there are still no dates set for talks between the US and Russia on the last remaining nuclear arms control treaty between the two powers, known as New START. The US and Russia were set to meet on the treaty in November, but Russia postponed th …
Russian Warship Armed With Hypersonic Missiles To Join China In South Africa-Hosted DrillsJan 24, 2023 - 07:39:35 PST
The Russian navy is set to participate alongside the Chinese and South African navies in exercises set for February off South Africa, Russia's state TASS has announced.
US Confronts China Over State-Owned Companies Supplying Russian MilitaryJan 24, 2023 - 07:37:26 PST
The United States is once again putting pressure on China over its alleged behind the scenes assistance to Russia as it executes the war in Ukraine.
Jan 24, 2023 - 07:35:10 PST
While the children in Congress and the Administration argue about cutting the Fedcral budget (as if there isn’t trillions of dollars of wasteful spending in the budget), we saw an even dumber suggestion...