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Retailers Rejecting Customers’ Cash As More Ban Paper Money
Retailers Rejecting Customers’ Cash As More Ban Paper Money “Your cash is not wanted here”, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new “cashless” approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and […]
What Is Behind The Market’s Record Liquidity Collapse
What Is Behind The Market’s Record Liquidity Collapse One week ago, when we first previewed this week’s infamous $60 billion pension fund rebalancing out of equities and into bonds which resulted in historic market gyrations, and a violent snapback in the S&P from what was shaping up to be the worst December on record for […]
WTI Extends Losses After Production Rebounds To Record
WTI Extends Losses After Production Rebounds To Record WTI has slid lower overnight following API’s surprise large crude build (and no equity pump) and was unable to hold gains after a bigger than expected gasoline build (and tiny crude draw) along with a production rebound to record highs. If U.S. crude output rises, it’s likely […]
“Everything Is Fake”: Ex-Reddit CEO Confirms Internet Traffic Metrics Are Bullshit
“Everything Is Fake”: Ex-Reddit CEO Confirms Internet Traffic Metrics Are Bullshit “It’s all true: Everything is fake,” tweeted Former Reddit CEO Ellen Pao regarding a Wednesday New York Magazine article which reveals that internet traffic metrics from some of the largest tech companies are overstated or fabricated. In other words; they’re bullshit. Pao was responding to a tweet […]
Angela Merkel: Nation States Must “Give Up Sovereignty” To New World Order
Angela Merkel: Nation States Must “Give Up Sovereignty” To New World Order “Nation states must today be prepared to give up their sovereignty”, according to German Chancellor Angela Merkel, who told an audience in Berlin that sovereign nation states must not listen to the will of their citizens when it comes to questions of immigration, borders, […]
Nikkei Tumbles, Sliding Into Bear Market
Nikkei Tumbles, Sliding Into Bear Market A few hours after the S&P tumbled over 2.7%, sliding into a bear market for the first time in a decade, Japan’s Nikkei 225 – which had been sliding gradually for the past week – dropped sharply by over 3.2% at the open… … becoming the latest index to […]
The Next Big Solar Storm Could Cripple Britain’s Infrastructure With £16 Billion Worth Of Damage
The Next Big Solar Storm Could Cripple Britain’s Infrastructure With £16 Billion Worth Of Damage Scientists at Oxford University, have produced the first economic risk model that details the next big solar storm could leave Britain with £16 billion ($20.3 billion) worth of damage. A geomagnetic storm triggered by a burst of solar energy from the […]
Ukrainian Official Urges UK Navy To Cross Kerch Strait “To See How Russia Reacts”
Ukrainian Official Urges UK Navy To Cross Kerch Strait “To See How Russia Reacts” Despite relative calm ensuing in the area of the dangerous Nov. 25 Kerch Strait incident, Ukrainian officials have continued making media statements suggesting escalation could still yet be on the horizon. On Friday a deputy minister in Kiev urged the British Navy to […]
America Is One Of The World’s Deadliest Countries For Journalists
America Is One Of The World’s Deadliest Countries For Journalists Media group Reporters Without Borders said Tuesday it has observed a terrifying trend in the number of journalists killed and imprisoned worldwide, in 2018. For the first time, the US is one of the world’s deadliest countries for journalists after six were killed. The Paris-based group, also known as […]
Trump Is Considering Firing Fed Chair Powell
Trump Is Considering Firing Fed Chair Powell if amid the barrage of negative news hitting the market this quarter there has been one outstanding item which would have sent it sharply (even) lower, that would be a flashing red headline – or a tweet from the president – announcing that Trump has fired Fed Chair […]
Sierra Nevada Snowpack On Track To Collapse 79%, New Study Warns
Sierra Nevada Snowpack On Track To Collapse 79%, New Study Warns A new report by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) examined the headwater regions of California’s ten major reservoirs, representing half of the state’s surface storage, discovered each could experience a 79% decline in peak snowpack water volume by 2100. Berkeley Lab used supercomputers to investigate current warming […]
In Drastic Reversal, US Set For “Full Withdrawal” From Syria As Trump Claims Victory Over ISIS
In Drastic Reversal, US Set For “Full Withdrawal” From Syria As Trump Claims Victory Over ISIS update 2: A troop withdrawal appears already underway after a Pentagon official said it would happen “quickly”. White House spokesperson Sarah Sanders has issued a formal statement on troop withdrawal from Syria: “We have started returning United States troops home as […]
Peter Schiff: If The Fed Doesn’t Hike Rates Today, They’ll Never Hike Again
Peter Schiff: If The Fed Doesn’t Hike Rates Today, They’ll Never Hike Again Peter Schiff believes that the next stop for interest rates heading into 2019 is going to be directly back to 0%. And in a new podcast, Schiff warns that he believes it is going to be QE4 that finally causes the dollar […]
“Jarring” FedEx Outlook Cut Suggests “Severe Global Recession”
“Jarring” FedEx Outlook Cut Suggests “Severe Global Recession” FedEx shares tumbled 7% after what Morgan Stanley called a “jarring” cut to its annual forecasts, suggesting global growth is slowing far more than most expect, and prompting expectations of an “uber-dovish hike” by the Fed. The global logistics bellwether slashed its outlook just three months after […]
Druckenmiller: “The Best Economist I Know Is Saying Something Is Not Right”
Druckenmiller: “The Best Economist I Know Is Saying Something Is Not Right” Stanley Druckenmiller established himself as one of the most successful hedge fund managers of his generation thanks to an uncanny ability for recognizing signals in asset prices that portended an coming recession. So when he warns about rough times ahead, it’s probably worth […]
