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Rabobank: Is Judge Dredd A Vision Of What Awaits Our Society
Rabobank: Is Judge Dredd A Vision Of What Awaits Our Society Elon and Eloi It was just a few short weeks ago that governments in Australia and the UK were congratulating themselves on how they had performed under Covid-19, and both were enthusiastically looking ahead to getting life back to normal. Today Victoria, Australia is under […]
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions If you’re holding your pension with the Bank of Ireland, you are now officially being charged to do so. In a move that we’re sure is going to have absolutely no consequences, the bank is starting to impose negative interest rates on cash held […]
Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble
Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble Mission Accomplished: Stocks managed gains on the month (4th month in a row) – Nasdaq best, Dow worst… Source: Bloomberg And note that despite the epic surge in the mega tech stocks overnight… Yes, that is AAPL up 10%!! (GOOGL -4%)…MSFT managed to rally back to […]
Chevron Shares Slide After Recording Historic Quarterly Loss
Chevron Shares Slide After Recording Historic Quarterly Loss Chevron Corporation reported a loss of $8.3 billion for the second-quarter 2020, the worst quarterly decline in a generation, and warned: “COVID-19 significantly reduced demand for our products and lowered commodity prices.” Chevron lost $1.59 per share on an adjusted basis while recording revenues around $13.49 billion. In the same quarter last year, […]
‘Catastrophic Flooding Expected’ – Hanna Hammers Virus-Infected South Texas
‘Catastrophic Flooding Expected’ – Hanna Hammers Virus-Infected South Texas Tropical storm conditions are expected for South Texas and northeastern Mexico on Sunday after Hurricane Hanna roared ashore on Saturday as a Category 1 storm. Hanna was the first hurricane of the 2020 Atlantic hurricane season and came ashore on Saturday afternoon around Port Mansfield, Texas, with maximum sustained winds of 90mph. The National […]
Turkey Rejects US & EU Calls To Cease East-Med Gas Drilling As Greece Threatens Military Action
Turkey Rejects US & EU Calls To Cease East-Med Gas Drilling As Greece Threatens Military Action Days after the US State Department warned Turkey over its gas reserves exploration and drilling plans in waters between Cyprus and Greece, which Athens has declared ‘illegal’ given it cuts into Greece’s Exclusive Economic Zone (EEZ), the European Union has […]
“It’s A New Cold War” – China Shutters American Consulate In Retaliation For Houston Mission Closure
“It’s A New Cold War” – China Shutters American Consulate In Retaliation For Houston Mission Closure As one prominent CCP mouthpiece warned yesterday afternoon, China has unveiled its retaliation against Washington for ordering the abrupt closure of a consulate in Houston. And markets aren’t taking it too well, with US futures moving even lower following a sharp […]
“Busy In The Tropics” – Gonzalo To Become A Hurricane; Tropical Depression 8 Could Soak Texas
“Busy In The Tropics” – Gonzalo To Become A Hurricane; Tropical Depression 8 Could Soak Texas Update (July 23)(5:15ET)): The National Hurricane Center (NHC) tweeted early Thursday morning that Tropical Storm Gonzalo is expected to “strengthen again” and “become a hurricane later today.” NHC said Barbados had issued a hurricane watch. Gonzalo could strike the tiny island on […]
Heat Dome Roasts US With Temps Forecast To Approach 100°F
Heat Dome Roasts US With Temps Forecast To Approach 100°F A massive heat dome is set to intensify this weekend, expected to roast hundreds of millions of Americans with temperatures in some regions approaching 95-100°F. A portion of the same weather system, a large area of high pressure, that has been building and broiling the south-central United States […]
JPMorgan: “Central Banks Have Created A Collective Hallucination Where Valuations Are Entirely Fabricated”
JPMorgan: “Central Banks Have Created A Collective Hallucination Where Valuations Are Entirely Fabricated” Over a decade ago we were mocked and ridiculed for saying that the Fed was manipulating and rigging stock markets, pushing risk assets higher (either singlehandedly or via Citadel) and its only mandate was to prop up consumer confidence by preventing a […]
Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!
Drumbeats of the Epocalypse: The Economic Death March Has Come to Town! The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars […]
Tropical System Could Bring Heavy Rainfall To New York City
Tropical System Could Bring Heavy Rainfall To New York City Chances are, as early as Thursday, the 2020 hurricane season could get its sixth tropical system – now forming offshore of the North Carolina Outer Banks and likely headed to New York City. Earlier this week, the National Hurricane Center (NWS) had a 70% probability the storm would develop into […]
Deep European Recession Forecast For 2020
Deep European Recession Forecast For 2020 In its Summer Forecast published today, the European Commission downgraded its own projection from earlier in the year, making for an even grimmer outlook for the EU economy in 2020. The -7.4 percent contraction originally expected has been reassessed to -8.3 percent. You will find more infographics at Statista In the EC press […]
Heat Wave To Bake Significant Parts Of US Through Mid-July
Heat Wave To Bake Significant Parts Of US Through Mid-July Extreme temperatures, mostly in the mid/the high 90s, are expected for the first half of July for much of the U.S., reported The Weather Channel. These hotter-than-usual temperatures have already begun this week and will bake a significant part of the country this holiday weekend, with elevated temperatures forecasted through the […]
3,500 Mile-Long “Godzilla Dust Cloud” Will Hit US Southeast Within Hours
3,500 Mile-Long “Godzilla Dust Cloud” Will Hit US Southeast Within Hours A giant dust cloud which has traveled 5,000 miles from North Africa is touching down on the US Southeast this weekend, and will cause a brown haze and raising respiratory health concerns amid the coronavirus pandemic, according to Reuters. The North African dust storm is […]
