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State Farm Halts Home Insurance Sales In California
State Farm Halts Home Insurance Sales In California Faltering California took another economic hit on Friday, as America’s largest personal lines insurer said it would immediately stop selling new home insurance policies in the state. California is the largest property and casualty insurance market in the country. State Farm attributed the decision to three factors: “historic increases in construction […]
Thai Rice Crop In Crosshairs Of El Nino As Farmers Are Warned About Water Shortages
Thai Rice Crop In Crosshairs Of El Nino As Farmers Are Warned About Water Shortages A disruptive El Nino pattern might impact rice production in Thailand, the world’s second-biggest exporter of the grain that feeds half the world’s population. Bangkok Post reported farmers are being asked by the Office of the National Water Resources “to grow […]
Global Rice Shortage Looms, Set To Be The Biggest In Decades
Global Rice Shortage Looms, Set To Be The Biggest In Decades Rice is the primary food source for over half of the global population, especially in emerging markets, where it plays a crucial role in feeding people. Last year, we highlighted the potential for a severe global rice shortage. A new report reveals that rice […]
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World As we’ve noted several times of late, a growing number of countries are threatening the US dollar’s status as the global reserve currency by conducting global trade without it – you know, the thing Saddam and Gaddafi threatened to do […]
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative German investigators are now expressing severe doubts about the official Nord Stream sabotage narrative that was pushed hard in the aftermath the bombshell Seymour Hersh report which pointed the finger at a joint CIA-US Navy covert operation, with help from Norway. Last month, Hersh published an article on Substack that said […]
“Dr. Doom” Nouriel Roubini Warns Of Stagflationary Megathreat
“Dr. Doom” Nouriel Roubini Warns Of Stagflationary Megathreat Though the threat of an exponential liquidity crisis is a conversation that Bloomberg should have been seriously addressing two years ago, it’s good to see that reality is finally hitting the mainstream media. Nouriel Roubini, also known as “Dr. Doom” because he’s one of the few mainstream […]
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads The world is in a precarious situation, with the potential for nuclear conflict. Central banks are taking aggressive measures to address decades-high inflation by raising interest rates, which in turn is causing a banking crisis in the Western world. As recession risks surge worldwide and […]
Coronal Hole ’30 Times Earth’s Size’ Hurls Solar Plasma Towards Earth
Coronal Hole ’30 Times Earth’s Size’ Hurls Solar Plasma Towards Earth NASA’s Solar Dynamics Observatory released a photo showing a massive coronal hole forming in the sun’s atmosphere, ejecting a stream of fast-moving solar winds toward Earth. “The current coronal hole, the big one right now, is about 300,000 to 400,000 kilometers across,” Alex Young, […]
‘Some EU Banks May Be Vulnerable’ – ECB Tells Ministers ‘No Room For Complcency’
‘Some EU Banks May Be Vulnerable’ – ECB Tells Ministers ‘No Room For Complcency’ The world was saved there briefly overnight after SNB’s giant liquidity shot into CS. But it didn’t take long fort reality to sink in about the band-aid-like nature of this facility. However, the situation under the hood may in fact be […]
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output Readers will recall that, for the last several months, I have noted that US oil production per the EIA’s weekly Petroleum Status Report was inconsistent with the data from the EIA’s monthly Drilling Productivity Report (DPR) The graph below shows that state of play as of last […]
For Fed, What Happens Today More Important Than Monday’s Mayhem
For Fed, What Happens Today More Important Than Monday’s Mayhem It was clear from the get-go that Monday would be mayhem for the markets – and as it turned out, it proved a lot more than that, with two-year Treasury yields collapsing the most in decades. At stake was not just the integrity of the financial […]
“Worst Since Lehman”: Banks Break The World Again
“Worst Since Lehman”: Banks Break The World Again Last week we detailed BofA’s Michael Hartnett’s warning that “The Fed will tighten until something breaks”. Well, something just broke… SVB’s collapse – the second biggest US bank failure in history – dominated any reaction to this morning’s mixed bag from the BLS (hotter than expected earnings growth, rising unemployment (especially […]
Russia Tells UN That Ukraine Crisis Is A “War With The West For Survival”
Russia Tells UN That Ukraine Crisis Is A “War With The West For Survival” In two days of United Nations special sessions this week related to Ukraine as well as the Nord Stream pipeline sabotage, Russia mounted a robust defense, arguing that it sees its ongoing military action in Ukraine is a matter of “survival”. […]
“Get The Hell Out Of There” – Ohio’s Apocalyptic Chemical Disaster Rages On
“Get The Hell Out Of There” – Ohio’s Apocalyptic Chemical Disaster Rages On Update (1300ET): During a press conference, the NTSB referenced a video from Salem, Ohio, about 20 miles from East Palestine which shows sparks and flames emitting from beneath the train. The apparent structural issue with the train was captured on a security camera […]
“These Are The Manipulations That Will Be Common Now That The World Is Transitioning To Squeezing Scarce Resources Out Of A Globalized Economy”
“These Are The Manipulations That Will Be Common Now That The World Is Transitioning To Squeezing Scarce Resources Out Of A Globalized Economy” Kishida’s cabinet formally adopted a policy to extend the life of its nuclear plants beyond the self-imposed sixty-year limit. Japan’s engineers had originally put a cap in place for all sorts of […]
