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Stocks Tumble After Powell Says “Fed Not Looking At Negative Rates”
Stocks Tumble After Powell Says “Fed Not Looking At Negative Rates” Update (0935ET): The market is throwing a tantrum, demanding – it would appear – that The Fed move to negative rates as following Fed Chair Powell’s comments that NIRP “was not in The Fed’s toolbox.” How long will The Fed allow stocks to drop […]
Second Wave? China Orders ‘Partial Lockdown’ Of Border City; Seoul’s Newest Cluster Explodes To 120 Cases: Live Updates
Second Wave? China Orders ‘Partial Lockdown’ Of Border City; Seoul’s Newest Cluster Explodes To 120 Cases: Live Updates Summary: VW ‘pauses’ manufacturing of VW Golf, SUVs China imposes ‘partial lockdown’ on northeastern border city SK’s ‘Itaewon’ cluster climbs to 120 Germany, Austria agree to reopen mutual border Global cases: 4.22 million Global deaths: 291,519 Poland […]
Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse
Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse Headline Consumer Prices fell 0.8% MoM – the biggest drop since 2008 – as soaring food inflation was dominated by plunging energy, apparel, and lodging costs… But it was Core CPI, printing 0.4% MoM that made the headlines. That is the […]
“Black Mirror” Creator Abandons Writing Because We’re ‘Already In A Dystopia’
“Black Mirror” Creator Abandons Writing Because We’re ‘Already In A Dystopia’ Black Mirror creator Charlie Brooker told UK’s Radio Times that his audience might not be able to “stomach” another season of his dystopian Netflix series. He said the public mood is not suited for another season considering the world has been thrown into dystopia via the virus pandemic. […]
China Daily Censors Opinion Article Written By EU Officials; Removes Any Mention Of China As Virus Origin
China Daily Censors Opinion Article Written By EU Officials; Removes Any Mention Of China As Virus Origin BuzzFeed’s Alberto Nardelli points out that the European Union failed to discuss edits, including the removal of references to the spread of COVID-19, in an op-ed jointly published by all 27 member states in a Chinese-owned newspaper. Some European officials did not find out about the secret […]
Visualizing America’s Energy Use, in One Giant Chart
Visualizing America’s Energy Use, in One Giant Chart Have you ever wondered where the country’s energy comes from, and how exactly it gets used? Well now, thanks to Visual Capitalist’s Jeff Desjardins, we have the answer as The Lawrence Livermore National Laboratory (LLNL) crunches the numbers every year, outputting an incredible flow diagram that covers the broad […]
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24%
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24% Minneapolis Fed president, Neel Kashkari, said that Friday’s jobs report will likely understate the real unemployment picture as it will only reflect people who are “actively looking for work”, a nearly impossible task in a time of nationwide lockdowns, and that the country […]
Oil Suddenly Crashes After Jobs Report
Oil Suddenly Crashes After Jobs Report It would appear no one told the machines that ADP would report a devastatingly ugly jobs print this morning… Oil started sliding earlier but the ‘better than expected’ ADP print actually seemed to spark a panic puke for some reason ahead of this morning’s EIA inventory/production report.
“We’re All Born Hunters” – Americans Turn To Hunting Game Amid Pandemic Food Shortage Fears
“We’re All Born Hunters” – Americans Turn To Hunting Game Amid Pandemic Food Shortage Fears The slowdown or even the shuttering of meat processing plants due to coronavirus outbreaks has led to meat shortages and soaring food inflation. Supermarket chain Kroger reported Friday that it has put “purchase limits” on ground beef and fresh pork at some of its […]
Investing Legend Sees A Second Great Depression For Stocks By 2023
Investing Legend Sees A Second Great Depression For Stocks By 2023 The name of Kiril Sokoloff, author of the weekly WILTW (What I Learned This Week) newsletter through his advisory firm 13D Global Strategy & Research, needs no introduction on this website for the simple reason that over the past few years we have often published […]
The Real Reasons Behind the Global Pandemic Lockdown, Part 2
The Real Reasons Behind the Global Pandemic Lockdown, Part 2 In Part 2 of The Real Reasons Behind the Global Pandemic Lockdown, I discuss and build upon the ideas from Part 1, in which I discuss the continuing misinformation being spread about the pandemic, the various creators of the pandemic narrative that includes not only State […]
Beef Prices Soar To Record High As Meatpacking Plants Shutter
Beef Prices Soar To Record High As Meatpacking Plants Shutter Wholesale American beef prices jumped 6% to a record high of $330.82 per 100 pounds, a 62% increase from the lows in February, according to Bloomberg, citing new USDA data. The surge in beef prices comes at a time when the nation’s food supply chain network […]
“Crisis In Processing” – Pandemic Exposes Fragility Of Food Supply Chain
“Crisis In Processing” – Pandemic Exposes Fragility Of Food Supply Chain Today’s food supply chain crisis began in the meat industry has been developing for decades, and Tyson Foods has helped to create the disaster that is currently unfolding. The problem is consolidation, and with Tyson, JBS SA and Cargill Inc, three mega-corporations that control 66% […]
Tyson Foods Offers Workers $1000 Bonus To Return To Corona-Factories
Tyson Foods Offers Workers $1000 Bonus To Return To Corona-Factories Tyson Foods is set to double bonuses, increase wages, and better protect employees amid one of the worst health crises to strike the nation’s meatpacking plants. Several Tyson plants have now been shuttered due to COVID-19 outbreaks. The company is now offering “$120 million in “thank you bonuses” for […]
